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In corporate finance, the pecking order theory (or pecking order model) postulates that [1] "firms prefer to finance their investments internally, using retained earnings, before turning to external sources of financing such as debt or equity" - i.e. there is a "pecking order" when it comes to financing decisions.
(Any model based on a flawed theory, cannot transcend the limitations of that theory.) Joseph Stiglitz' 2001 Nobel Prize lecture reviews his work on information asymmetries, [1] which contrasts with the assumption, in standard models, of "perfect information". Stiglitz surveys many aspects of these faulty standard models, and the faulty policy ...
Epistemology of finance is a broad field of study that aims at providing a conceptual framework(s) for the interpretation of mathematical models in finance as well as the study of their possible limitations, in order to determine the epistemological standards according to which financial theory should be assessed against any associated empirical reality.
Scholarly journals are normally reliable sources, but some journals have a reputation for bias or unreliability. QuackWatch has a list of non-recommended periodicals, however, a short list of journals which should be used with extreme caution include: Journal of American Physicians and Surgeons (JPandS), publishes from an unscientific viewpoint
Source criticism (or information evaluation) is the process of evaluating an information source, i.e.: a document, a person, a speech, a fingerprint, a photo, an observation, or anything used in order to obtain knowledge. In relation to a given purpose, a given information source may be more or less valid, reliable or relevant.
Any such articles that are not copyright violations (for example, because the infringed source is in the public domain) may still constitute plagiarism. Original research: information in a single-sourced article beyond what is drawn from its lone source is likely original research – facts and ideas not already published by reliable sources.
The Journal of Financial Economics is a peer-reviewed academic journal published by Elsevier, covering the field of finance. It is considered to be one of the premier finance journals. [1] [2] According to the Journal Citation Reports, the journal has a 2020 impact factor of 6.988. [3]
The specific source of internal financing used by a financial manager depends on the industry the firm operates in, the goals of the firm and the restrictions (financial or physical) that are placed on the firm. The sources of internal finance mentioned above can be used in conjunction with one another or individually.