Question: What sorts of evidence do both sources use and how does that play into the element of credibility? ( Use below information to respond to this question)
Zingales, L. (2015). Presidential address: Does finance benefit society The Journal of Finance,
Beatty, A., & Liao, S. (2014). Financial accounting in the banking industry: A review of the empirical literature. Journal of Accounting and Economics
These two sources all cover the same critical issues of financing, but each takes a different approach in presenting their arguments and research. Zingales (2015) analyzes the views of how finance benefits the society and the societal perception about finance. Beatty & Liao (2014) on the other hand talks about financial accounting in banking. This source goes further to analyze the various theoretical models in financial banking. The two sources cover different aspects of finance, and it is difficult to deduce whether or not they agree with each other or not. That is, they cover different aspects of financing without converging to a specific aspect. However, it can be seen that they both at some point cover each the advantages and challenges of finance making these points a common ground for both sources.
Zingales (2015) covers the arguments of how the society views finance and if it is beneficial to the society. This source mainly covers views and does not go into detail about the benefits or sources of societal view that finance does not benefit the economy. Beatty & Liao, on the other hand, goes into detailed on the issues of finance and more specifically about financial accounting in the banking industry. This source covers in greater detail various aspects such the risk assessments and valuation associated with bank financing. These two sources although covering different aspects of financing seem to be addressing the same audience. That is, both sources seem to have the goal of relying on more information not only to the public but also to economists about the importance and limitations of finance. They all seek to educate the audience about the different topics they cover to ensure that the topic of finance is well-understood by the audience.
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