Information Function of Finance: Understanding of its Nature in the Light of Modern Information Paradigm
Journal Title: Бізнес Інформ - Year 2014, Vol 10, Issue 0
Abstract
The article is aimed to study the information function of finance, based on considerations of modern information paradigm. The article concluded that not only distributive function but also information function is inherent in finance, and the both functions are implemented in close interacting. The substance of the information function of finance is that financial relations always include information about the monetary value of the object of these relations. Because the financial relations include the information about the cost (monetary) cross-section of the social product, processes as to product \'s distribution and redistribution can arise between the parties to those relations (economic agents, users of information). For distribution and redistribution of the social product, the corresponding information is needed, and thus the information function allows the society to evaluate the values flows, to plan and control them. A problem (challenge) for the society is that the information used does not reflect to the full extent the information which the financial relations bring along. Because understanding the information function lies in the ideological plane, a study of financial relations through the prism of the informational paradigm, in the time of the information society and its innovative economy, opens up new perspectives for the worldwide using of finance. Awareness of immanence of the information function in relation to the financing sets an important basis for effective targeted search for ways to maximum (extraction) financial relationships. This approach will contribute to building of more effective economic relations in the modern information society, it will also contribute to the minimization of information asymmetry in financial relations, and, consequently, of the associated risks.
Authors and Affiliations
Nadiya Ryazanova
Keywords
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