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A functional analysis of financial relations

Vol. 25, Iss. 4, APRIL 2019

Received: 19 February 2019

Received in revised form: 5 March 2019

Accepted: 19 March 2019

Available online: 26 April 2019

Subject Heading: THEORY OF FINANCE

JEL Classification: А14, В26, G00, H00

Pages: 740–754

Lukin A.G. Samara National Research University (Samara University), Samara, Russian Federation

ORCID id: not available

Subject This paper studies the functions of financial relations in the system of public relations in general and in the economic and monetary relation systems in particular.
Objectives The paper aims to highlight those functions out of a large number of the ascribed ones to financial relations that are most inherent.
Methods The research involves the methodology of functional analysis introduced by Robert King Merton. Besides, the paper uses the methods of historical analysis, comparison, and generalization.
Results The distribution, control, regulatory, and managerial functions most reflect the degree of influence of finance on other types of public and in particular economic relations, as well as determine their role in the system of monetary relations.
Conclusions Most of the functions through which modern researchers are trying to highlight the financial relations are either special cases revealed, as a result of the functional analysis, or a result of the cumulative impact of these functions on the system of public relations.

Keywords: finance, finance functions, functional analysis


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