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The Masters of Finance: Ideas from the field

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  • Jennifer Gippel

Abstract

This comment illustrates how direct empirical study, that is, field observation and participation by academics, contributed to the understanding of practice and the early development of modern finance theory. The discussion is supported by publicly available narrative accounts from the American Finance Association historical interviews with the ‘Masters of Finance’ (2004–2010). We argue that academic finance, in the early years of the field’s development, was very closely connected to practice, that is, ideas and theories were generated and tested in the field.

Suggested Citation

  • Jennifer Gippel, 2015. "The Masters of Finance: Ideas from the field," Australian Journal of Management, Australian School of Business, vol. 40(3), pages 557-561, August.
    • Handle: RePEc:sae:ausman:v:40:y:2015:i:3:p:557-561
    DOI: 10.1177/0312896215584451
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    References listed on IDEAS

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    1. Jensen, Michael C. & Fama, Eugene F. & Long, John Jr. & Ruback, Richard S. & Schwert, G. William & Smith, Clifford Jr. & Warner, Jerold, 1989. "Clinical papers and their role in the development of financial economics," Journal of Financial Economics, Elsevier, vol. 24(1), pages 3-6, September.
    2. McGoun, Elton G., 2003. "Finance models as metaphors," International Review of Financial Analysis, Elsevier, vol. 12(4), pages 421-433.
    3. Trahan, Emery A. & Gitman, Lawrence J., 1995. "Bridging the theory-practice gap in corporate finance: A survey of chief financial officers," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(1), pages 73-87.
    4. Maria C. A. Balatbat & Stephen L. Taylor & Terry S. Walter, 2004. "Corporate governance, insider ownership and operating performance of Australian initial public offerings," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 44(3), pages 299-328, November.
    5. Alex Frino & Stewart Jones & Jin Boon Wong, 2007. "Market behaviour around bankruptcy announcements: evidence from the Australian Stock Exchange," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 47(4), pages 713-730, December.
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    Cited by:

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    2. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2017. "Research in finance: A review of influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 43(C), pages 188-199.

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    More about this item

    Keywords

    Development of finance; field research; qualitative;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General

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