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Erschienen in:

2023 | OriginalPaper | Buchkapitel

Finance and Its Fundamental Problems

verfasst von : Zhiqiang Zhang

Erschienen in: Fundamental Problems and Solutions in Finance

Verlag: Springer Nature Singapore

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Abstract

This chapter explores the fundamental features of finance based on the right role of finance in social science as well as the right role of social science in our society, which is necessary for better understanding and solving financial problems. The main findings include, there are descriptive disciplines and decisional disciplines in social science, which is one of the most important differences between social science and natural science; finance belongs to the decisional discipline rather than descriptive discipline, which implies that finance should focuses on solving decisional problems rather than describing and explain phenomena; the basic method in finance is valuation, or quantitative trade off between return and risk; which is the main differences between finance and other quantitative disciplines as well as other decisional disciplines. Naturally, the insights revealed in this chapter are the ideological foundations to solve so many tough financial problems. In this sense, this chapter is on the top in importance in the whole book.

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Fußnoten
1
Finance is just a branch of economics before last 50s. Even today, the difference between economics and finance is not cared much in many situations, scholars specialized in finance are also entitled as economists.
 
2
Such as Price to earnings ratio or P/E, Price to book value ratio or P/B, Price to sales ratio or P/S.
 
Metadaten
Titel
Finance and Its Fundamental Problems
verfasst von
Zhiqiang Zhang
Copyright-Jahr
2023
Verlag
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-19-8269-9_1

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