THE STAGES OF ESTABLISHMENT AND DEVELOPMENT OF FINANCIAL MANAGEMENT

• Main Authors: Roman GRESHKO, Violetta KHARABARA
• Format: Article
• Language: English
• Published: Editura Univeristatii "Stefan cel Mare" din Suceava 2017-06-01
• Series: USV Annals of Economics and Public Administration
• Subjects: financial management; financial resources; enterprises; corporate finance; securities; financial intermediaries; financial markets.
• Online Access: http://annals.seap.usv.ro/index.php/annals/article/view/994/868

The paper reviews major stages of establishment and development of financial management, main conceptual theories, and methods, approaches, developed by academic economists in the field of corporate finance that became the basis for the development of financial management as a science. In the paper, the authors identify the major five stages of its establishment, in the process of which the range of thoroughly studied issues was constantly expanded, the methodologies of their research were enriched. The paper describes the main scientific works of famous economists of the relevant periods that have made a significant contribution to the formation and development of financial management as a science. The authors drew the conclusions about prerequisites to the development of financial science and research priorities in the financial management of enterprises.