Sanatan Principles of Financial Management: The SHIVA Model

Authors

  • Sohini Priya

    Jai Prakash University Chapra Bihar

    Author

  • Ram Lakhan Singh

    Author

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Abstract

Modern financial management predominantly emphasizes profit maximization, shareholder wealth, and efficiency optimization; however, repeated financial crises, governance failures, earnings manipulation, and environmental degradation have exposed serious ethical and sustainability limitations within conventional finance theory. This study proposes a culturally grounded framework titled the SHIVA Model of Finance, derived from Sanatan philosophical principles and interpretative insights from Shaiva thought, to reconceptualize financial management as a morally embedded discipline. The model integrates wealth acquisition (Arjana) and wealth utilisation (Vyaya) through five interrelated pillars Sustainability, Honesty in acquisition, Intent-based allocation, Value for society, and Accountability thereby offering an ethical-financial governance architecture aligned with long-term societal well-being. By bridging Indian Knowledge Systems (IKS) with contemporary corporate finance, the study contributes a structured conceptual model that is both philosophically rooted and empirically measurable through governance and performance indicators.

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Author Biography
  1. Ram Lakhan Singh

    Assistant Professor, Department of Economics  
    Deputy Dean, Research 

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Published
31-03-2026
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Vol. 1 No. 1 (2026): March 2026 Issue
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Copyright (c) 2026 Sohini Priya, Dr. Ram Lakhan Singh (Author)

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How to Cite

Sohini Priya, & Ram Lakhan Singh. (2026). Sanatan Principles of Financial Management: The SHIVA Model. Tark Tansaku, 1(1), 11. https://tarktansaku.org/index.php/tt/article/view/5

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