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Operationalism in Finance and Economics

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  • Bower, Richard S.
  • Scheidell, John M.

Abstract

Recent literature, as it has been developing in this journal and others, suggests that a significant change has taken place in the field of finance. The “new finance†has broader and deeper analytic and empirical content. Its relevant characteristics are: (1) a weakening of the traditional distinction between security analysis and corporation finance; (2) an increased emphasis upon financial management as an integral part of the overall management function; (3) greater emphasis upon the relevance of economic theory in the analysis of financial relations; and (4) more attention to the measurement and testing of hypotheses.

Suggested Citation

  • Bower, Richard S. & Scheidell, John M., 1970. "Operationalism in Finance and Economics," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 5(4-5), pages 469-495, December.
    • Handle: RePEc:cup:jfinqa:v:5:y:1970:i:4-5:p:469-495_02
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