Financial Faith Integration

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Corporate Finance: Integration of Faith
Paulette Chapman, Lisa Cooke-Moore, Tori Curley, Janelle Dawkins, and Anthony Donkoh
201230 Summer 2012 BUSI 530-B05 LUO
Managerial Finance
Liberty University
Dr. Halstead
July 1, 2012

Abstract
This essay will provide a scriptural key to understanding the topics of finance in a Christian worldview perspective. The illustrations will be reflected through the events found in God’s word, providing a greater understanding into the relevance of the Bible in today’s economic world. It will show the importance of the integration of faith, as God has provided His wisdom for today in the illustrations of the Holy Word. Refer to II Timothy 3: 16-17 (New King James Version, 2005); “All Scripture is given by inspiration of God, and is profitable for doctrine, for reproof, for correction, for instruction in righteousness, that the man of God may be complete, thoroughly equipped for every good work.” This provides an understanding that God’s word continues to apply today as it has maintained strength and reference to aspects of life and development. The topic of finance is addressed throughout the scriptures with suggestions for the proper practice. It is clear in the study of God’s word that finance is a part of the structural design that is to provide for the development of humankind and the world.

Key words: Finance, Christian worldview perspective, God’s word, structural design

Corporate Finance: Integration of Faith
Introduction to Corporate Finance
Stewardship
How faith integration manifests itself within the practice of corporate finance can only be understood when studying God's word within the Holy Bible and practicing its teachings. One important aspect of integrating one’s faith within the context of finance is through stewardship. Stewardship is defined as; "1. the position and duties of a steward, a person who acts as the surrogate of another or others, especially by managing property, financial affairs, an estate, etc. 2. the responsible overseeing and protection of something considered worth caring for and preserving" (Dictionary.com, 2012). Stewardship in the context of faith integration is the act caring for and protecting the resources that God has entrusted us with and using them in a way that will bring Him glory and help to build up God’s kingdom (Porter, 2006, p. 817). This has an immediate inference to financial interactions. Luke 12:42(NKJV) states; “And the Lord said, “Who then is that faithful and wise steward, whom his master will make ruler over his household, to give them their portion of food in due season?” This passage of scripture continues in verses 43 and 44 to discuss how blessed that servant will be and how he will be made ruler over all that the possessions the master has. The individuals working in the field of finance who do their job well, will also be rewarded and/or compensated.

When examining the goals and governance of the corporation, as well as, the financial markets and institutions, there are a number of individuals who act as stewards over the financial affairs of both organizations and individual investors. They include chief financial officers, financial managers, financial advisors, financial analysts, commercial and investment bankers, and stockbrokers to name a few. These individuals have jobs in fields such as commercial banking, corporate finance, financial planning, insurance, investment banking, money management, and real estate (Brealey, R., Myers, S., & Marcus, A., 2012, p. 22). Fairness in Maximizing Value

One goal of those employed within the realm of finance is to maximize the market value of the firm as well as its shareholders. In the textbook, "Fundamentals of Corporate Finance" the authors ask the question, "Does a focus on enriching the shareholders mean that...
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