An Agenda for More Effective Research in Corporate Finance

Much of the current research in corporate finance does not deal with problems that are central to the subject. Research has failed to consider all the internal constraints in financial decisions and decision interdependencies rather than just decision tradeoffs, for example. Academics and financial...

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Bibliographic Details
Published in:Financial management 1978-12, Vol.7 (4), p.7-9
Main Author: Carleton, Willard T.
Format: Article
Language:English
Subjects:
Areas
Business structures
Capital budgeting
Capital management
Capital markets
Changes
Corporate finance
Decision theory
Finance
Financial investments
Financial management
Financial Management Association Presidential Address
Guidelines
Investment management companies
Investment strategies
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Summary:Much of the current research in corporate finance does not deal with problems that are central to the subject. Research has failed to consider all the internal constraints in financial decisions and decision interdependencies rather than just decision tradeoffs, for example. Academics and financial managers need to recognize that the former uses abstractions in trying to help explain, predict and control the systems. Financial managers should encourage scholars to combine theory with decision tools arrived at from a working knowledge of corporate finance. Scholars' agendas of research subjects should include such areas as the influence of decision strategies and information flows on value-seeking financial models, the impact of signaling on capital markets and corporate decisions, evaluation systems for capital budgeting, etc.
ISSN:0046-3892
1755-053X
DOI:10.2307/3665079