VOLUME 12 NUMBER 1 (January to June 2019)

Philipp. Sci. Lett. 2019 12 (1) 080-081
available online: May 31, 2019

*Corresponding author
Email Address: rtdmiguel@gmail.com
Date Received: May 01, 2018
Date Revised: May 10, 2019
Date Accepted: May 10, 2019

ARTICLE

Accounting for science: Financial ratios as a tool for science research

by Red Thaddeus D. Miguel*1

1Independent Health and Finance Researcher, Ortigas Center, Pasig City, Philippines
Though perspectives may vary, money will always find itself intertwined with science. For good or ill, money influences how we scientists find jobs (Fiske 2018), receive grants (Resnik 2014), conduct studies (Resnik 2013), and commercialize our discoveries (Fletcher and Bourne 2012). As money is in science; harmoniously there is also a science in money. Money is an expedient variable that lends itself in various analyses in different fields. Tools used in analyzing money and tradeoff such as incremental cost-effectiveness ratio, cost minimization analysis, social return of investments, and the like are rampantly employed in different fields in science including psychology, animal behavior, and chemistry to name a few. However, one approach not fully utilized in science research is that of analyzing financial performance by way of ratio analysis (Burkhardt and Wheeler 2013).

© 2019 Philippine Science Letters