Faith Integration Managerial Finance


“Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law” (Romans 13:8, New Living Translation).

“The wicked borrow and never repay, but the godly are generous givers” (Psalm 37:21, New Living Translation).


“Income from charging high interest rates will end up in the pocket of someone who is kind to the poor” (Proverbs 28:8, New Living Translation).

“Then you ought to have invested my money with the bankers, and at my coming I should have received what was my own with interest” (Matthew 25:27, New Living Translation).

“Investors know that levered firms may run into financial difficulty, and they worry about the costs of financial distress” (Brealey,2017).

Overall Market Value = Value of all-equity financing + PV tax shield – PV costs of financial distress

“The theoretical optimum level of debt is achieved when the present value of tax savings from further borrowing is just offset by increases in the present value of costs of distress” (Brealey, 2017).

"But don't begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it?”(Luke 14:28, New Living Translation)


“Jesus answered, “If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me” (Matthew 19:21, New Living Translation).


“Sell your possessions and give to the poor. Provide purses for yourselves that will not wear out, a treasure in heaven that will never fail, where no thief comes near and no moth destroys” (Luke 12:33, New Living Translation).

“The financial plan allows managers to think about the implications of alternative financial strategies and to tease out any inconsistencies in the firms goals” (Brealey, 2017).
“To glorify God by being a faithful steward of everything that is entrusted to us and to have a positive influence on all who come in contact with Chick-fil-A” -S. Truett Cathy
“They have well-crafted core values and guiding principles. It is the ability to select, steward and sustain talent that is willing and capable to consistently live out the collective cultural foundation that differentiates an organization. The results for Chick-fil-A have been 30 years of consecutive sales growth, achieving the goal of being debt free and staggering retention rates of franchisees and staff members” (Inam, 2016).


Brealey, R. A., Myers, S. C., & Marcus, A. J. (2017). Fundamentals of Corporate Finance. New York, NY: McGraw-Hill.

Inam, H. (2016, January 27). Why Culture Eats Strategy For Lunch At Chick-fil-A. Retrieved May 01, 2017, from

Ron Blue, John G. Stackhouse Jr., and Mary Hunt. (2011). Christianity Today - Credit Card Debt Dangers. Retrieved May 01, 2017, from

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