What was the first argument against traditional approach, Financial Management

What was the first argument against traditional approach

The first argument against traditional approach was based on its emphasis on issues relating to procurement of funds by corporate enterprises. This approach was challenged during the period when approach dominated the scene itself.

Further, traditional treatment of finance was criticised because finance function was equated with the issues involved in administering and raising funds, the theme was woven around the viewpoint of suppliers of funds like investors, investment bankers and so on, which is, the outsiders. It implies that no consideration was given to the viewpoint of those who had to take internal financial decisions. Traditional treatment was, in other words, outsider-looking-in approach. Limitation was that internal decision making (that is insider-looking out) was completely ignored.


Posted Date: 9/4/2013 2:02:29 AM | Location : United States

Related Discussions:- What was the first argument against traditional approach, Assignment Help, Ask Question on What was the first argument against traditional approach, Get Answer, Expert's Help, What was the first argument against traditional approach Discussions

Write discussion on What was the first argument against traditional approach
Your posts are moderated
Related Questions
Q. Explain Short- and long-term financing mix? In forming a fresh business there is no business history to present to the bank thus there is additional uncertainty which will n

With the advent of globalization there had been much importance which is being given to the issues related to the general health of pets and other associated services as the people

Question: (a) Describe the axioms of utility. (b) An economic agent has a logarithmic utility function, U(W) = lnw and has initial wealth $20,000. She is offered the sub

Policy Conflicts in Debt and Monetary Management: Co-ordination of operations is important so as to avoid differences in the policies of cash and debt management of the governm

To whom it may concern, I wanna someone to help me to get prepared for my exam. is it possible to work together? 1. Managerial Aspects of the Market for Foreign Exchange

Performance of Mutual Funds The performance of Mutual Funds can be evaluated by calculating the rate of return earned during the relevant comparison period. The return will inc

Q. What are the financing methods? - The export transaction could be correlated to a bill of exchange. If this bill was established (guaranteed) by the bank it could be discoun

Q. Show the Supposition of MM Hypothesis? Supposition of MM Hypothesis:- (i) There are ideal capital markets. (ii) Investors act rationally. (iii) Information regardin

what is the value of beta for this fund ? If the benchmark index for this mutual fund increased by 11.00% during the period covered by beta measure, what was the rate of return for

Securitization -Source of financing whereby an entity's ASSETS (characteristically mortgage loans, lease obligations or other kinds of RECEIVABLES) are placed in a special purpose