Home           Contact us           FAQs           
 
   Journal Page   |   Aims & Scope   |   Author Guideline   |   Editorial Board   |   Search
    Abstract
2011 (Vol. 3, Issue: 2)
Article Information:

Corporate Finance and Credit Options in a Global Age

Austin N. Nosike
Corresponding Author:  Austin N. Nosike 

Key words:  Capital, credit, finance, globalization, , ,
Vol. 3 , (2): 131-135
Submitted Accepted Published
2010 December, 08 2011 May, 05 2011 May, 15
Abstract:

In the context of globalization, finance often seems to be all number but it is fundamentally social rather than mathematical. It is a product of society. Modern finance consists of promises that are accepted. The Latin root of “Credit” illustrates this aspect –credere is to believe or entrust. In the same way that language facilitates expression and understanding finance gives promises power in commerce, over the allocation of goods and services to consumers and over the uses of land, labour and capital in production. This paper upholds the view that finance cannot be separated from risk. The opposite of risk is confidence. Finance harmonizes these opposites when risk is sufficiently offset by confidence, transactions occur and value is created. Finance therefore cannot exist without confidence. The relationship between value risk and confidence is triangular.In the context of globalization, finance often seems to be all number but it is fundamentally social rather than mathematical. It is a product of society. Modern finance consists of promises that are accepted. The Latin root of “Credit” illustrates this aspect - credere is to believe or entrust. In the same way that language facilitates expression and understanding finance gives promises power in commerce, over the allocation of goods and services to consumers and over the uses of land, labour and capital in production. This study upholds the view that finance cannot be separated from risk. The opposite of risk is confidence. Finance harmonizes these opposites when risk is sufficiently offset by confidence, transactions occur and value is created. Finance therefore cannot exist without confidence. The relationship between value risk and confidence is triangular.
Abstract PDF HTML
  Cite this Reference:
Austin N. Nosike, 2011. Corporate Finance and Credit Options in a Global Age.  Asian Journal of Business Management, 3(2): 131-135.
    Advertise with us
 
ISSN (Online):  2041-8752
ISSN (Print):   2041-8744
Submit Manuscript
   Current Information
   Sales & Services
   Contact Information
  Executive Managing Editor
  Email: admin@maxwellsci.com
  Publishing Editor
  Email: support@maxwellsci.com
  Account Manager
  Email: faisalm@maxwellsci.com
  Journal Editor
  Email: admin@maxwellsci.com
  Press Department
  Email: press@maxwellsci.com
Home  |  Contact us  |  About us  |  Privacy Policy
Copyright © 2009. MAXWELL Science Publication, a division of MAXWELLl Scientific Organization. All rights reserved