Finance, as a study of theory and practice distinct from the field of economics, arose in the 1940s and 1950s with the works of Harry Markowitz, William F. Sharpe, Fischer Black, and Myron Scholes, to name just a few.234 Particular realms of finance—such as banking, lending, and investing, of course, money itself—have been around since the dawn of civilization in some […]
History of Finance
What Does Finance Mean? Its History, Types, and Importance Explained
What Is Finance? Finance is a term for matters regarding the management, creation, and study of money and investments. It involves the use of credit and debt, securities, and investment to finance current projects using future income flows. Because of this temporal aspect, finance is closely linked to the time value of money, interest rates, and other related topics. Finance can be […]
Types of Finance
Individuals, businesses, and government entities all need funding to operate. Therefore, the finance field includes three main subcategories: Personal finance Corporate finance Public (government) finance 1. Personal Finance Personal finance is specific to an individual’s situation and activity. Therefore, related financial strategies depend largely on a person’s earnings, living requirements, goals, and desires. Financial planning involves analyzing the current financial position of individuals to formulate strategies for […]