Finance a dynamic field of study.

Las finanzas un dinámico campo de estudio. 

Finance has been evolving over the course of 126 years, where the first serious contribution to this new field of study at that time, was addressed by Irving Fisher who is distinguished as a defender of the quantitative theory of money, which through the Fisher equation, could be calculated the internal rate of return of an investment, and thus inviting a deeper understanding of the behavior of money in a given period of time, from there it is clearly seen how finance begins to separate from the economy, to generate its own field of study.  

Finance began to cease being just a mere descriptive process, to become a discipline that today includes the ecosystems of finance:  

Corporate, Stock Market, Public, International, Personal, Technological and obviously Psychological, which have been accompanied by countless investigations and theories that have contributed to this field, such as the works of: Arthur Stonn, Charles Gesterberg, Markowitz, Modligiani and Miller, Debreau, Sharpe, Fama, Black, Scholes and Merton, Jensen, Daniel Kanheman and Richard Thaler, among others.  

If I were to try to find a common denominator for the current state of the art in finance, today I would reinforce my idea that it is a science, a technique and an art, which includes a rigorous analysis of the financial information generated by economic entities in accordance with regulations that are constantly evolving, the control of a company's assets or investments, the discipline of finding the best capital structure that can provide the ideal financial resources so that people in that entity can generate value and thus gain the appreciation and appetite of the various audiences with which it has a relationship.  

Today, the role of the Chief Financial Officer (CFO) is very different from what it was in the late 1950s, not only because of the name of his position, but because of the amount of responsibility and certainty that he can give to the economic entity, a person who executes, implements and develops the corporate strategy, trusting in the production of its numbers, that they make sense, that they are in order, that they communicate internally and externally, materializing the mission and vision of the business reflected in its financial statements.  

For this reason, the way in which it is taught, practiced and learned has become a great and growing challenge, due to the dynamism that adds new concepts every day that reach the financial field, but which cannot lose its foundations and the way of carrying out such important work.  

At Escuela Bolsa Mexicana, we will never tire of offering serious and accessible new elements for everyone, since it is our mandate, which we assume with great responsibility, technique, passion and love for what we do, since its recipient is our reason for being.  

 

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