Introduction to Financial Management
Brief History of Financial Management
Since financial management separated from economics at the beginning of this century and became a separate discipline in its own right, it is subject to many rapid developments. When financial management began as an independent science, it was limited to topics related to financial instruments and institutions, and the procedural aspects of the capital market. As for the developments that occurred on this subject, later on, most of them were in response to the developments and changes dictated by the conditions that industrial and commercial institutions were going through.
At the beginning of the twentieth