Faith Integration Group 4.docx

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Running head: FAITH INTEGRATION 1 Faith Integration BUSI 530-D14 Group Four Liberty University Dr. Manuel José 12/15/17
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FAITH INTEGRATION 2 Introduction: Prepared by Brad Cahoon As Christians, we are to follow God’s works and plans. “God created the foundation of finance which has led to the development of the modern finance institutions we have today: currency, intermediaries, instruments and prices” (Van Drunen, 2012, p. 17). For Christians to take dominion of the earth, the Christian business person must take the responsibility of the financial institutions and use the resources that institutions provide to create methods and more significant resources that will honor of God. Behavioral Finance: Prepared by Hayley North According to Brealey, Myers, and Marcus (2015), there are three areas in which a person's rationale and behavior can be compromised when assessing risk. These include: attitudes toward risk, believes about probabilities, and sediment toward the economy (p. 227- 228). In order to make the soundest judgment on matters of finance, knowing these biases should be a priority. According to Hindson and Yates (2012), the book of Proverbs illustrates implications of Hebrew law and serves as a guideline for behavior. While we are no longer subject to Mosaic law in order to attain salvation, Psalm 9:1-6 does state that he blessed man's "delight is in the law of the Lord, and in his law he meditates day and night" (Psalms 1:2, NKJV). It is in proverbs where we are able to obtain the principle of proactivity related to finance that we can apply today. In Proverbs we are told, "The plans of the diligent lead surely to plenty, but those of everyone who is hasty, surely to poverty" (Proverbs 21:5, NKJV). Another relevant passage, among many, is "The prudent man foresees evil and hides himself; the simple pass on and are punished" (Proverbs 27:12, NKJV). From these passages, we can glean the values of being
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FAITH INTEGRATION 3 proactive and safeguarding ourselves against danger, as well as being diligent in our work. With these values in mind as we study various aspects of the behavioral finance, we should be aware of our own biases toward risk and safeguard ourselves against the negative implications of poor judgment. Long-Term Financial Planning: Prepared by Christopher Kirksey Long-term planning is a rudimentary part of operating a business. Financial long-term planning ensures the company has the funds to sustain its operation and pursue any future investments (Brealey, Myers, & Marcus, 2017). Many financial planners focus on short-term gains so their firms can show profits each quarter (Pozen, 2015). Flammer and Bansal (2017),
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