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2013 | OriginalPaper | Chapter

1. Finance and its Fundamental Problems

Author : Zhiqiang Zhang

Published in: Finance – Fundamental Problems and Solutions

Publisher: Springer Berlin Heidelberg

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Abstract

There are currently numerous misunderstandings about finance. Those misunderstandings decay our ability and judgment on financial research and financial theory, and are the important reasons why most of the fundamental financial problems remain unsolved after 60 years’ intensive research. This chapter tries to rectify some misleading concepts via exploring the relationships between financial theory and business practice as well as the relationships between financial theory and other academic theories.

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