英语翻译Thereadershouldbeawarethatasurveyofthisnatureislikelytosufferfromtheex-postselectionbiasthatplaguesmanyempiricalstudies:itwillconcentrateonwhatturnedouttobesuccessfulandofenduringinterest.Thehistorianof

　　英语翻译

　　Thereadershouldbeawarethatasurveyofthisnatureislikelytosufferfromtheex-postselectionbiasthatplaguesmanyempiricalstudies:itwillconcentrateonwhatturnedouttobesuccessfulandofenduringinterest.Thehistorianofscienceislikelytobeasinterestedinthoseavenuesofendeavorthatweresubsequentlyabandonedorbecamemoribund.Itisthereforeworthrecallingthatin1970theterm"financialeconomics"wasnotyetincommonusage,andthebattlebetweenfinanceasasubfieldofmanagementscienceandasasubfieldofeconomicswasnotyetover.Majorresearchtopicsatthattimeincludedtheuseoflinearprogrammingtodesigncapitalbudgets,modelsofcashmanagementbasedoninventorytheory,modelsforaccountsreceivablemanagementbasedoncreditscoring,andMarkovChainmodelsofcreditlosses.Allofthesetopicshavesincebeenabandonedbymostscholarsinfinanceandnowfindonlyoccasionalmentioninthestandardtextbooks.Othertopicssuchasleasing,bondrefunding,andtheestimationofdiscountratesforcapitalbudgeting,oncethefocusofconsiderableresearcheffort,havefallenoutoffashion,eitherbecausetheproblemsaredeemedtohavebeen"solved"ortobeintractablesothatfurtherprogressseemsimpossibleorbecausetheresearchparadigmsthatareofmostinteresttodayhavelittleornothingtosayaboutthem.