摘要
学术研究的生命在于创新,而学术创新需要有坚实的基础和科学的路径。公司财务理论的创新性研究需要具备三大基础,即跨学科的理论基础、社会实践基础和研究方法论基础。无论是规范研究还是实证研究,都需要由前向联系学科、后向联系学科和旁侧学科构成的学科群支撑,都需要有坚实的对公司财务及相关职能领域实践经验的充分把握,并且要有对个体主义或整体主义、形式主义或实体主义等方法论的科学认知和应用。寻求公司财务理论研究的创新或突破,还需要有科学的路径。联系公司财务理论研究情况,可供选择的理论创新路径至少有三条:一是扩展研究对象,即从主流的资本交易价格向资本交易规则、心理、伦理、社会影响、宏观影响等领域扩展;二是修正基础性假设,包括修正合法虚构、可持续发展、经济人、市场有效性、社会成本为零、零嵌入性等假设;三是转换研究范式,也就是突破主流的新古典研究范式。中国企业财务理论研究应保持学术传统与国家传统的匹配性,避免把美式财务研究的学术传统普世化。
The life of academic research lies in innovation,and academic innovation requires a solid foundation and a scientific path.The innovative research of corporate financial theory needs to have three foundations,namely are the interdisciplinary theoretical basis,the social practice basis and the research methodology basis.Whether it is normative research or empirical research,it needs the support of subject group consisting of the forward contact subject,the backward contact subject and the side subject.It also needs a solid grasp of the practical experience of corporate finance and related functional areas,and a scientific cognition and application of methodology such as individualism or holism,formalism or materialism.To seek innovation or breakthrough in the research of corporate financial theory,we also need a scientific path.There are at least three alternative theoretical innovation paths.The first is expanding the research object,that is, expanding from the mainstream capital transaction price to capital trading rules,psychology, ethics,social influence,macro impact,etc.The second is correcting the basic assumptions, including correcting the assumptions of legal fiction,sustainable development,economic man, market effectiveness,zero social cost,zero embedding,etc.The third is the transforming of research methodology,which is breaks through the neoclassical research paradigm.The research on financial theory of Chinese enterprises should maintain the matching between academic tradition and national tradition,and avoid the universalization of the academic tradition of American financial research.
出处
《财务研究》
2019年第1期4-12,共9页
Finance Research
关键词
公司财务
理论创新
基础
路径
corporate finance
theory innovation
foundation
path
