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1、此文档是毕业设计外文翻译成品（ 含英文原文+中文翻译），无需调整复杂的格式！下载之后直接可用，方便快捷！本文价格不贵,也就几十块钱！一辈子也就一次的事！外文标题：The Theory of Finance: A novel finance model being formed on the Internet外文作者：Yandiev, Magomet文献出处:SSRN Electronic Journal February 2019 (如觉得年份太老，可改为近2年，毕竟很多毕业生都这样做)英文3595单词，22405字符(字符就是印刷符)，中文5675汉字。The Theory of Finan
2、ce: A novel finance model being formed on the InternetAbstract: The present paper argues that the present Internet conditions favour an entirely new finance model. Understood to soon supplement the existing ones (classical finance, corporate finance, and Islamic finance), it is argued that the new m
3、odel will be defined by the destructive effect it is to have on the contemporary financial infrastructure of most countries, and the advent of the future money value exceeds its present one principle.Keywords: theory, finance, model, new, development, future, Internet1.IntroductionThe present paper
4、aims to establish the most likely path to be taken by global finance exposed to the rapid expansion of the Internet as a new sector of public and economic life. The original hypothesis underpinning it claims that a novel finance model is being formed on the Internet, an Internet finance model. The s
5、tructure of finance is generally recognised to include three fundamentally different models along which finances are organised: classical finance, corporate finance, and Islamic finance (see Table 1). The latter, it should be noted, ought to have been given a different term, since, theoretically, th
6、ere could be other models of religious finance (as a more fitting general term), i.e. Judaic and Christian (based on Torah and the Bible, respectively), besides the Islamic finance proper. Despite the fact that only the latter developed into a functioning model (giving its name to the general princi
7、ple of finance conducted in accordance with religious prescriptions and prohibitions), potential new Judaic, Christian, and other types of finance, if they, too, come into practice, would call for the more general term to be adopted.The differences between the three models boil down to the following
8、 fundamentals. The classical finance model, which came about when money first began to be issued, regards its value as unaltered by the passage of time that is, the value of a hundred dollars today is equal to the value of a hundred dollars due to be collected in a years time. The corporate finance
9、model, which came about with the financial markets boom, regards money as losing its value with the passage of time. Finally, the Islamic finance model, which came about with the rapid rise of Islamic economies, prohibits interest credit as one of its core principles, setting it apart from the other
10、 two models. And still, the three models are all united by their underlying assumption that there is to be a single issuing centre (a central bank) and a strict state control over finances, so that one can say the three constitute a more general centralised finance model.It should be noted that in e
11、ach case a new model only comes about at the time of a sudden boom in one of the spheres of a societys economic or political life. The historic rapid growth of financial markets brought about such developments as investment alternatives, giving, as a result, new meaning to the purpose of business- m
12、aking (maximising ones profit). The sudden rise of Islamic economies made Muslim governments and businessmen ponder the correct (in religious terms) ways of investing their saving. It is, therefore, logical to wonder what novel financial developments might be brought about by the explosive growth of
13、 the Internet1 and its phenomena? The hypothesis that prompted the present study had been the natural result of trying to find an answer to that question.2.Prior studiesThe search for other papers on the subject, conducted at the Social Science Research Network website () by using the keywords Inter
14、net finance, yielded a total of 6 articles, which, given that a search for finance and Internet presented 19 261 and 10 022 articles, respectively, is very little. The only article coming close enough to dealing with the present papers subject matter (Ping, Chuanwei, 2013) argued that Internet techn
15、ologies such as mobile transfers, social networking sites, Internet search engines, and cloud computing will bring about a paradigm shift in the financial sector, ushering in a new mode of financial activities which the paper called Internet finance. The paper featured a model of how the resources m
16、ight come to be distributed in these new circumstances. Unfortunately, while pursuing the right avenue of research, its choice of online financial instruments to be analysed was limited to mobile transfers only, just one of the many services found online.The second article (Best, 2005), though tagged as exploring Internet finance, only dealt with causes of the dotcom bubble and the fallout its collapse in early 20
