Financial activity in the neoclassical theory of finance

. The article reveals the concept of financial activity in the context of the neoclassical theory of finance. The author proposes his vision of this activity on the basis of the economic concept of finance. According to this concept, financial activity refers to economic (business) activity, in connection with which the author identifies the signs of the latter. In conclusion it is argued that it is the activity for management of property condition of its subject. Continuing the thought from the general to the particular, the author comes to the conclusion that financial activity is the activity of managing the monetary (financial) condition of its subject, including the management of financial property (conducting financial transactions) and financial risk management. At the same time, the author compares the obtained scientific results with the known conceptual provisions on financial activity. An explanation of financial transactions is given, by which it is proposed to understand the actions of an economic entity leading to the desired change in its financial assets and (or) financial debts. It is noted that financial activity is inseparably connected with financial services. It is divided into types like economy; therefore, it can be public and private. The justification of private financial activities outside fiscal relations is given.

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Publication Details

Journal
Proceedings of the National Academy of Sciences of Belarus Humanitarian Series
Published
2024-11-05
DOI
https://doi.org/10.29235/2524-2369-2024-69-4-333-341
Primary Topic
Economic Development and Digital Transformation
Type
article
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article

Financial activity in the neoclassical theory of finance

S. PRATASAVITSKI
Proceedings of the National Academy of Sciences of Belarus Humanitarian Series
Economic Development and Digital Transformation
article

Financial activity in the neoclassical theory of finance

S. PRATASAVITSKI
article en

Abstract

. The article reveals the concept of financial activity in the context of the neoclassical theory of finance. The author proposes his vision of this activity on the basis of the economic concept of finance. According to this concept, financial activity refers to economic (business) activity, in connection with which the author identifies the signs of the latter. In conclusion it is argued that it is the activity for management of property condition of its subject. Continuing the thought from the general to the particular, the author comes to the conclusion that financial activity is the activity of managing the monetary (financial) condition of its subject, including the management of financial property (conducting financial transactions) and financial risk management. At the same time, the author compares the obtained scientific results with the known conceptual provisions on financial activity. An explanation of financial transactions is given, by which it is proposed to understand the actions of an economic entity leading to the desired change in its financial assets and (or) financial debts. It is noted that financial activity is inseparably connected with financial services. It is divided into types like economy; therefore, it can be public and private. The justification of private financial activities outside fiscal relations is given.

Proceedings of the National Academy of Sciences of Belarus Humanitarian SeriesVol. 69(4)
Belarusian State University (BY)
Openalex Percentile: Top 65%
Economic Development and Digital Transformation
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