THE MODEL OF A COMPANY’S FINANCIAL CYCLE AND BEHAVIOR IN FINANCIAL MARKET INFORMATION SPACE
Abstract
The behavior of participants of economic interaction sets the condition in which an economy functions. Economic actors make their financial decisions under uncertainty. In this context, we can say that the research problem is the evaluation of conditions of sustainability of a financial system as the dynamical capital accumulation process. Some among the economic subjects can act opportunistically what means pursuing one’s own interests with harming others. The article investigate the formalization of financial instability hypothesis (FIH). Based on the research, the model of a financial cycle of the company was proposed. The model takes into consideration the manipulation of financial statements.
About the Author
M. A. Alekseev
Novosibirsk State University of Economics and Management
Russian Federation
Russian Federation
PhD in Economics, Head of the Department of Corporate Governance and Finance
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Review
For citations:
Alekseev M.A. THE MODEL OF A COMPANY’S FINANCIAL CYCLE AND BEHAVIOR IN FINANCIAL MARKET INFORMATION SPACE. Vestnik NSUEM. 2017;(3):131-146. (In Russ.)
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