Problems in the development and use of managerial financial models
作者:
J. B. Holland,
期刊:
Managerial and Decision Economics
(WILEY Available online 1981)
卷期:
Volume 2,
issue 1
页码: 40-48
ISSN:0143-6570
年代: 1981
DOI:10.1002/mde.4090020108
出版商: John Wiley&Sons, Ltd.
数据来源: WILEY
摘要:
AbstractIn this paper the author identifies two related problems in financial modelling. First, the problem of implementing financial decision theory in practical decision situations and, second, the need to develop existing managerial financial models. A discussion of organization decision processes indicates possible reasons for the relative failure of management science and financial theory based models in practice and the predominance of accounting based models. This analysis of strategic decision processes suggests key design features for the implementation of financial models. Finally, research orientated models designed using these guidelines are seen as appropriate media for the transfer of knowledge between financial decision theory and financial practice. This is seen as providing a tentative basis for the development of managerial financial models. Throughout the paper the author uses examples from his own experience in model building in instalment credit, and leasing financial intermediaries, i.e. “Finance Houses
点击下载:
PDF
(1042KB)
返 回