Gekko and black swans: Finance theory in UK undergraduate curricula

Abstract

A B S T R A C TDespite the current financial crisis, accounting and finance programmes in UK have remained popular. Finance undergraduate teaching in accounting degrees is a significant component of the degree and relies heavily on Modern Finance Theory (MFT). Some of the developments in the finance curricula are critically examined. It is argued that current finance education should become more reflective and more heterodox in approach as the current curricula is biased towards techniques based on neoclassical theory. Suggestions are given for improvement of the curricula which will allow the narrow assumptions of neoclassical theory to be widened. These involve students taking into account not only the structures and patterns of finance but also the processes which are created by human experiences as part of their interactions as well as what helps to make these processes sustainable.

Why does research in finance have so little impact?

“…Rather than bolting ethics onto a programme, it should be integrated into core finance topics (Danielson & Lipton, 2010). There is also the suggestion that finance education should be more introspective and more heterodox in contrast to its current narrow focus (Lakshmi, 2016). West (2015) suggests tailoring ethics courses to professional practice on instances where ethical questions arise and the principles which might be utilised to answer them to protect stakeholders from the costs of unethical behaviour.…”

EKSPLORASI PENGEMBANGAN E-LEARNING AKUNTANSI TERINTEGRASI DARI PERSPEKTIF MANAJEMEN PENGETAHUAN DAN ANALISIS KARAKTERISTIK INOVASI: STUDI KASUS PADA E-LEARNING SIDEK-Edu

“…Pelaksanaan pendidikan akuntansi di perguruan tinggi dikritik kurang responsif menyadari perubahan peran dan tanggung jawab praktisi akuntansi, menghasilkan mahasiswa "terlalu teoretis", dan kurikulum yang terlalu teknis mengakibatkan kemampuan berpikir kritis mahasiswa terbatas (Wolcott & Sargent, 2021;Howieson, 2003;Lakshmi, 2018;Howieson et al, 2014;Mathews, 2001). Ditambah lagi, adopsi teknologi informasi digital pada proses bisnis mendorong perubahan lingkungan ekonomi bisnis (Howieson, 2003).…”

Black swan: bibliometric analysis and development of research agenda

“…A bibliometric analysis would provide a snapshot of the literature and performing the analysis would be the starting point to develop a research agenda to drive future research. 2014;Jebari, 2015;Jore et al, 2018;Lakshmi, 2018;Lee and Su, 2010;Lindaas and Pettersen, 2016;Loizzo et al, 2015;de Loo and Davis, 2003;Luria et al, 2017;Makridakis and Taleb, 2009;Maslen and Hayes, 2016;Mefford et al, 2017;Millett, 2010;Mueller and Stewart, 2016;Nafday, 2009;Ndubisi et al, 2016;Oh and Lee, 2017;Olivares-Aguila and ElMaraghy, 2020;de Palma et al, 2014;Payzan-LeNestour, 2018;Perera et al, 2018;Pilkington and Meredith, 2009;Reut et al, 2019;van Rijmenam et al, 2019;Schurr et al, 2014;Sengar et al, 2017;Sniedovich, 2012;Taleb and Dearlove, 2009;Vetter and Vetter, 2019;Wardman and Mythen, 2016;Wells et al, 2017;Werther, 2013;Zafft, 2012;Zaman et al, 2019) falling under the timespan from 1997 to 2020 (articles published till 30 April 2020). The full record of the articles bibliographical information was downloaded in BibTex format for further use in analysis using R package and VOSviewer.…”