The practice discipline concerned with the management, movement and raising of money, encompassing capital budgeting, dividend policy and capital structure decisions that managers make to build firm value for shareholders. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Disputed
Discipline ScopeCapital budgeting, dividend policy and capital structure, overlapping with investment banking and securities trading where firms raise capital through bonds and equity. 1 Where finance ends and adjacent practices begin is contested: capital budgeting and capital structure are core, but investment banking and securities trading are sometimes treated as finance's own territory and sometimes as separate practices finance merely overlaps. Discipline ScopeBased on the scope of financial activities, the discipline can be divided into the three primary branches personal, corporate, and public finance. 1 Discipline ScopeThe first stock exchange was opened in Antwerp in 1531. 1 FAQs
What are the three main branches of finance?
Personal finance, corporate finance and public finance.
Finance is usually divided into personal finance (budgeting, insurance, education, retirement planning), corporate finance (capital structure, dividend policy, capital budgeting decisions) and public finance (government spending, revenue sources and sovereign debt).
Connections
Associated With
Washington Mutual's seizure by federal regulators in September 2008 remains the largest bank failure in United States history, a defining event of the 2008 financial crisis.
Source Wikipedia, Washington Mutual
The 2016 revelation that Wells Fargo employees opened millions of unauthorized accounts to meet sales targets exposed failures in financial-services internal controls and incentive design.
Source Wikipedia, Wells Fargo Cross-Selling Scandal
Zelle is a bank-backed peer-to-peer payment network, part of the fintech expansion of consumer finance practice.
Showing 101 to 104 of 104 in Associated With, page 3 of 3.
Topic Addressed By
Sources
1. Wikipedia, Finance
Wikipedialead section, opening definition
Finance refers to the management, movement, and raising of money, with the related concepts of business finance, investments, and financial markets and institutions.
lead section, branches
Based on the scope of financial activities, the discipline can be divided into the three primary branches personal, corporate, and public finance.
History of finance section
The first stock exchange was opened in Antwerp in 1531.
View the Source Wikipedia, Efficient-Market Hypothesis
WikipediaTheoretical background section
If the price of the stock does not already reflect that information, then investors can trade on it, thereby moving the price until the information is no longer useful for trading.
Behavioral psychology section
Behavioral economists attribute the imperfections in financial markets to a combination of cognitive biases such as overconfidence, overreaction, representative bias.
View the Source Wikipedia, Bankruptcy of Lehman Brothers
WikipediaAssociated With: Bankruptcy of Lehman Brothers, Lead sectionQuote, Associated With: Bankruptcy of Lehman Brothers, Lead section
These discussions failed, and Lehman filed a Chapter 11 petition that remains the largest bankruptcy filing in U.S. history, involving more than US$600 billion in assets.
Wikipedia, J.P. Morgan
WikipediaAssociated With: J.P. Morgan, lead sectionQuote, Associated With: J.P. Morgan, lead section
he was the driving force behind a wave of industrial consolidations in the United States at the turn of the twentieth century.
Wikipedia, Warren Buffett
WikipediaAssociated With: Warren Buffett, Lead sectionQuote, Associated With: Warren Buffett, Lead section
Warren Edward Buffett ( BUFF-it; born August 30, 1930) is an American investor and philanthropist who is the chairman emeritus and former CEO of the conglomerate Berkshire Hathaway.
Wikipedia, Ford Motor Company
WikipediaAssociated With: Ford Motor Company IPO, introductionQuote, Associated With: Ford Motor Company IPO, introduction
The company went public in 1956 but the Ford family, through special Class B shares, retain 40 percent of the voting rights.
Wikipedia, Financial Services
WikipediaAssociated With: Financial Services Industry, lead section, opening definitionQuote, Associated With: Financial Services Industry, lead section, opening definition
Financial services are economic services tied to finance provided by financial institutions.
Wikipedia, Balanced Scorecard
WikipediaAssociated With: Balanced Scorecard, Characteristics sectionQuote, Associated With: Balanced Scorecard, Characteristics section
The characteristic feature of the balanced scorecard and its derivatives is the presentation of a mixture of financial and non-financial measures each compared to a 'target' value within a single concise report.
Wikipedia, Bear Stearns
Wikipedia, Collapse of Silicon Valley Bank
Wikipedia, Washington Mutual
Wikipedia, Bankruptcy of FTX
Wikipedia, Libor Scandal
WikipediaAssociated With: Deutsche Bank Libor Manipulation ScandalView the Source Wikipedia, Madoff Investment Scandal
Wikipedia, Apple Inc.
WikipediaAssociated With: Apple Inc. Initial Public OfferingView the Source Wikipedia, History of Amazon
Wikipedia, Google
Wikipedia, AOL Time Warner
Wikipedia, ExxonMobil
Wikipedia, General Motors Chapter 11 Reorganization
WikipediaAssociated With: General Motors Chapter 11 BankruptcyView the Source Wikipedia, Eastman Kodak Bankruptcy
Wikipedia, Sears Holdings
Wikipedia, Blockbuster LLC
Wikipedia, Chrysler
Wikipedia, Circuit City
Wikipedia, Toys R Us Bankruptcy
Wikipedia, Alibaba Group IPO
WikipediaAssociated With: Alibaba Group Initial Public OfferingView the Source Wikipedia, Facebook Initial Public Offering
Wikipedia, Saudi Aramco IPO
WikipediaAssociated With: Saudi Aramco Initial Public OfferingView the Source Wikipedia, Twitter, Inc.
Wikipedia, Uber
Wikipedia, Visa Inc.
Wikipedia, Netscape
Wikipedia, DaimlerChrysler
Wikipedia, AT&T Inc. Acquisition of Time Warner
WikipediaAssociated With: AT&T-Time Warner Merger, Lead sectionQuote, Associated With: AT&T-Time Warner Merger, Lead section
AT&T first announced its cash-and-stock acquisition of Time Warner on October 22, 2016.
Wikipedia, Bayer Acquisition of Monsanto
Wikipedia, Procter & Gamble Acquisition of Gillette
Wikipedia, Tata Motors Acquisition of Jaguar Land Rover
WikipediaAssociated With: Tata Motors-Jaguar Land Rover AcquisitionView the Source Wikipedia, Vodafone Takeover of Mannesmann
Wikipedia, ArcelorMittal
Wikipedia, United States Steel
Wikipedia, Kraft Heinz
Wikipedia, AB InBev Acquisition of SABMiller
WikipediaAssociated With: Anheuser-Busch InBev-SABMiller MergerView the Source Wikipedia, Pixar
Wikipedia, Whole Foods Market
Wikipedia, WhatsApp
Wikipedia, LinkedIn
Wikipedia, Insurance
Wikipedia, Wells Fargo Cross-Selling Scandal
Bernie Madoff - Wikipedia
Associated With: Bernie Madoff, lead sectionQuote, Associated With: Bernie Madoff, lead section
was an American financier, con artist, and stock broker who was the admitted mastermind of the largest-known Ponzi scheme in history, worth an estimated $65 billion.
Sam Bankman-Fried - Wikipedia
Associated With: Sam Bankman-Fried, lead sectionQuote, Associated With: Sam Bankman-Fried, lead section
is an American entrepreneur convicted of fraud. Bankman-Fried founded the FTX cryptocurrency exchange and was celebrated as a "poster boy" for crypto, with FTX having a global reach with more than 130 international affiliates.
Wikipedia, Benjamin Graham
Dissenting Readings (2 dissenting readings)
Discipline Scope
Financial markets are not fully informationally efficient. Systematic cognitive biases such as overconfidence, overreaction and representativeness bias cause persistent mispricing that the efficient-market hypothesis cannot explain.
A dissenting reading, from Behavioral economists (Kahneman, Tversky, Thaler)Wikipedia, Efficient-Market Hypothesis, Wikipedia
Discipline Scope
Where finance ends and adjacent practices begin is not settled among scholars. Capital budgeting, dividend policy and capital structure are treated as core by every account, but investment banking and securities trading are sometimes described as finance's own territory and sometimes as related but distinct practices finance merely intersects, with no single boundary drawn as authoritative.
A dissenting reading, from an independent laneWikipedia, Finance, Wikipedia
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