Applied Investment Theory

Author: Les Coleman
Editor: Springer
ISBN: 3319439766
File Size: 61,22 MB
Format: PDF, Kindle
Read: 2038

Institutions now dominate trading in equities around the world. Mutual funds are the most prominent, and doubly important as custodians of retirement savings. Despite this, there is no comprehensive description of fund manager behaviour, much less a matching theory. This is troubling because one of the most economically significant puzzles in finance is why experienced, well-resourced fund managers cannot outperform the market. Applied Investment Theory: How Equity Markets Behave, and Why brings together academic research, empirical evidence and real market experience to provide new insights into equity markets and their behaviours. The book draws upon the author’s rich industry experience and academic research, plus over 40 interviews with fund managers on three continents and across different markets. The result is an innovative model that explains the puzzle of poor performance by mutual funds in terms of structural features of markets, the managed investment industry, and the conduct of fund managers. This book provides a fully integrated depiction of what markets and investors do, and why – insights that will resonate with the needs of investors, wealth managers and industry regulators. It is fully documented, but free of jargon and arcane math, and provides a grounded theory that is relevant to anyone who wants to pierce the opacity of mutual fund operations. Applied Investment Theory sets out a new paradigm in investment that is at the forefront of what should be an industrial-scale development of new finance theory following two decades of almost back-to-back financial crises.

Applied Control Theory

Author: James R. Leigh
Editor: IET
ISBN: 9780863410895
File Size: 78,40 MB
Format: PDF, Docs
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This second edition includes new material and supporting references on: robotics control; programmable logic controllers; self-tuning controllers; distributed computer control systems; and biotechnological control.

Applied Game Theory And Strategic Behavior

Author: Ilhan K. Geckil
Editor: CRC Press
ISBN: 9781584888444
File Size: 27,28 MB
Format: PDF
Read: 7519

Useful Tools to Help Solve Decision Making Problems Applied Game Theory and Strategic Behavior demonstrates the use of various game theory techniques to address practical business, economic, legal, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties. Real-world applications of game theory Exploring a variety of games, the book outlines the process of modeling game theory questions while thinking strategically. It introduces core concepts through simple examples and case studies taken from the authors’ consulting work in the automotive, beer, wine, and spirits industries as well as in debates over government regulation. The authors include newly developed software applications that can construct and solve game theory models and present strategic options in clear, visual diagrams. Out of the box and into the business world Striking the right balance between necessary mathematics and practical applications, this book shows how game theory can be used in real life, not just in mathematical models. It helps readers improve their strategic thinking, define games based on actual situations, model games with payoffs and probabilities, and make strategically sound decisions.

Applied Systems Theory

Author: Rob Dekkers
Editor: Springer
ISBN: 3319108468
File Size: 17,54 MB
Format: PDF, Kindle
Read: 3351

Offering an up-to-date account of systems theories and its applications, this book provides a different way of resolving problems and addressing challenges in a swift and practical way, without losing overview and not having a grip on the details. From this perspective, it offers a different way of thinking in order to incorporate different perspectives and to consider multiple aspects of any given problem. Drawing examples from a wide range of disciplines, it also presents worked cases to illustrate the principles. The multidisciplinary perspective and the formal approach to modelling of systems and processes of ‘Applied Systems Theory’ makes it suitable for managers, engineers, students, researchers, academics and professionals from a wide range of disciplines; they can use this ‘toolbox’ for describing, analysing and designing biological, engineering and organisational systems as well as getting a better understanding of societal problems.

Topics In Applied Macroeconomics

Editor: Macmillan International Higher Education
ISBN: 1349861979
File Size: 63,85 MB
Format: PDF, ePub, Mobi
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Applied Quantitative Methods For Trading And Investment

Author: Christian L. Dunis
Editor: John Wiley & Sons
ISBN: 0470871342
File Size: 35,91 MB
Format: PDF, ePub, Mobi
Read: 5738

This book provides a manual on quantitative financial analysis. Focusing on advanced methods for modelling financial markets in the context of practical financial applications, it will cover data, software and techniques that will enable the reader to implement and interpret quantitative methodologies, specifically for trading and investment. Includes contributions from an international team of academics and quantitative asset managers from Morgan Stanley, Barclays Global Investors, ABN AMRO and Credit Suisse First Boston. Fills the gap for a book on applied quantitative investment & trading models Provides details of how to combine various models to manage and trade a portfolio


Author: Michelle Baddeley
Editor: Macmillan International Higher Education
ISBN: 1403918643
File Size: 76,22 MB
Format: PDF
Read: 3089

Investment provides an examination of the key macroeconomic theories which underpin fixed asset investment. It would make ideal reading for an intermediate level macroeconomics course or a module on fixed asset investment taking an applied macroeconomic perspective.

The Theory And Practice Of Investment Management

Author: Frank J. Fabozzi
Editor: John Wiley & Sons
ISBN: 1118067568
File Size: 47,23 MB
Format: PDF, Docs
Read: 4922

An updated guide to the theory and practice of investment management Many books focus on the theory of investment management and leave the details of the implementation of the theory up to you. This book illustrates how theory is applied in practice while stressing the importance of the portfolio construction process. The Second Edition of The Theory and Practice of Investment Management is the ultimate guide to understanding the various aspects of investment management and investment vehicles. Tying together theoretical advances in investment management with actual practical applications, this book gives you a unique opportunity to use proven investment management techniques to protect and grow a portfolio under many different circumstances. Contains new material on the latest tools and strategies for both equity and fixed income portfolio management Includes key take-aways as well as study questions at the conclusion of each chapter A timely updated guide to an important topic in today's investment world This comprehensive investment management resource combines real-world financial knowledge with investment management theory to provide you with the practical guidance needed to succeed within the investment management arena.

Investment Theory And Risk Management

Author: Steven Peterson
Editor: John Wiley & Sons
ISBN: 1118238419
File Size: 67,61 MB
Format: PDF
Read: 3580

A unique perspective on applied investment theory and riskmanagement from the Senior Risk Officer of a major pension fund Investment Theory and Risk Management is a practicalguide to today's investment environment. The book's sophisticatedquantitative methods are examined by an author who uses thesemethods at the Virginia Retirement System and teaches themat the Virginia Commonwealth University. In addition to showing howinvestment performance can be evaluated, using Jensen's Alpha,Sharpe's Ratio, and DDM, he delves into four types of optimalportfolios (one that is fully invested, one with targeted returns,another with no short sales, and one with capped investmentallocations). In addition, the book provides valuable insights on risk, andtopics such as anomalies, factor models, and active portfoliomanagement. Other chapters focus on private equity, structuredcredit, optimal rebalancing, data problems, and Monte Carlosimulation. Contains investment theory and risk management spreadsheetmodels based on the author's own real-world experience with stock,bonds, and alternative assets Offers a down-to-earth guide that can be used on a daily basisfor making common financial decisions with a new level ofquantitative sophistication and rigor Written by the Director of Research and Senior Risk Officer forthe Virginia Retirement System and an Associate Professor atVirginia Commonwealth University's School of Business Investment Theory and Risk Management empowers both thetechnical and non-technical reader with the essential knowledgenecessary to understand and manage risks in any corporate oreconomic environment.

Investment Capital Theory And Investment Behavior

Author: Dale Weldeau Jorgenson
Editor: MIT Press
ISBN: 9780262100564
File Size: 30,38 MB
Format: PDF, ePub, Docs
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V.1 Capital theory and investment behavior -- V.2 Tax policy and the cost of capital.

Applied Value Investing Chapter 5 Macroanalysis Opportunity Screening And Value Investing

Author: Jr. Calandro, Joseph
Editor: McGraw Hill Professional
ISBN: 0071733639
File Size: 77,96 MB
Format: PDF, ePub, Mobi
Read: 276

This chapter comes from Applied Value Investing, which--unlike other value-investing books that introduce a new variation on the value-investing theme--instead adopts the modern Graham and Dodd approach and applies it in a variety of unique and practical ways. You will learn innovative new ways of applying a value-investing approach to mergers and acquisitions (M&A) and alternative investing. This in-depth guide uses detailed case studies demonstrating how Graham and Dodd insights can be used in a macro-investing framework and applied to the emerging area of super-catastrophe valuation.

Applied General Systems Theory

Author: John P. Van Gigch
Editor: Harpercollins College Division
File Size: 58,55 MB
Format: PDF, Docs
Read: 3104

One Dot Theory Described Explained Inferred Justified And Applied

Author: Peter Kien-hong Yu
Editor: Springer Science & Business Media
ISBN: 1461421667
File Size: 73,47 MB
Format: PDF, ePub
Read: 6956

The ancient Chinese scholars are fond of applying the Yin and Yang diagram to correlate almost everything. This book continues that tradition and uses the model to study other non-“dialectical” theories and models. The major finding qua contribution in this publication is to point out that the four diagrams are equivalent to the BaGua or BaGuaTu (BG), a set of eight ancient China symbolic notations/gossip. Another finding is that dialectical/crab and frog motion remark is just the opposite of a non-dialectical/crab and frog motion (usually deductive, linear, or cause and effect) remark, or, at best, they must meet half-way. The two major tasks of this book are to, first, apply the author's one-dot theory, which is shored up by the crab and frog motion model, to convert other theories and models as well as studies and, second, apply his theory and model to reinvent some well-known western-derived theories and models and studies, such as game theory. The attempt is to narrow down the gap between the East and the West scholarship/XueShu, broadly defined, making the book of interest to Eastern and Western philosophers and scholars alike.

Applied Portfolio Management

Author: Catherine Shenoy
Editor: John Wiley & Sons
ISBN: 9780470280195
File Size: 22,89 MB
Format: PDF, Kindle
Read: 697

When investment professional Kent McCarthy returned to teach at his alma mater, the University of Kansas, he planted the seeds for the Applied Portfolio Management (APM) program—a course that allows students to manage a real money portfolio, which has compiled a remarkable record of investment success. Now, with this book, you’ll discover how to use the concepts covered in this class—from understanding the fundamental drivers of business success to buying at the right price—to enhance your own investment skills.

Research Topics In Agricultural And Applied Economics

Author: Anthony N. Rezitis
Editor: Bentham Science Publishers
ISBN: 160805263X
File Size: 51,21 MB
Format: PDF
Read: 4855

The aim of the Ebook series of Research Topics in Agricultural & Applied Economics (RTAAE) is to publish high quality economic researches applied to both the agricultural and non-agricultural sectors of the economy. The subject areas of this E-book series include, among others, supply and demand analysis, technical change and productivity, industrial organization, labor economics, growth and development, environmental economics, marketing, business economics and finance. By covering a broad variety of economic research topics, this Ebook series should prove to be of considerable interest to a.

Frontiers In Pension Finance

Author: Dirk Broeders
Editor: Edward Elgar Publishing
ISBN: 1847209920
File Size: 31,66 MB
Format: PDF, ePub, Docs
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In this fresh and valuable volume, experts from across the world provide guidance on pension design, risk management, and governance that is urgently needed in this rapidly changing pension environment. Aging populations are putting pressure on pay-as-you-go pension systems and spurring a shift to prefunded plans. Greater prefunding requires efficient risk management and judicious regulation and supervision. This book provides state-of-the-art analyses of these issues and should be required reading for scholars, practitioners, and anyone interested in the future of pensions. Alicia H. Munnell, Boston College Carroll School of Management and Center for Retirement Research, US How to deliver adequate pension benefits at reasonable costs is a huge challenge confronting our ageing societies. This book delivers a comprehensive overview of the latest insights into pension finance, pension system design, pension governance and risk based supervision. It combines state-of-the-art analyses with innovative policy proposals to increase the efficiency and resilience of pension systems and to advance these systems contribution to global financial stability. Renowned pension experts offer cutting-edge guidance for future decision making and the development of best practices. This exciting exploration of the frontiers in pension finance highlights key aspects of securing long term retirement provisions. Frontiers in Pension Finance will be of interest to a wide-ranging audience, especially academic researchers, pension practitioners, supervisors and public sector policymakers.

Economic Theory In Retrospect

Author: Mark Blaug
Editor: Cambridge University Press
ISBN: 9780521577014
File Size: 36,69 MB
Format: PDF, Docs
Read: 9291

This is a history of economic thought from Adam Smith to John Maynard Keynes--but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists. This fifth edition adds new Reader's Guides to Walras' Elements of Pure Economics and Keynes' General Theory of Employment, Interest and Money as well as major additions to the chapters on marginal productivity theory, general equilibrium theory and welfare economics.

Does Price Uncertainty Really Reduce Private Investment A Small Model Applied To Chile

Author: Anita George
Editor: World Bank Publications
File Size: 76,30 MB
Format: PDF
Read: 6399

Country Risk Assessment

Author: Michel Henry Bouchet
Editor: John Wiley & Sons
ISBN: 047086818X
File Size: 20,34 MB
Format: PDF, ePub, Mobi
Read: 9798

One of the few books on the subject, Country Risk Assessment combines the theoretical and practical tools for managing international country risk exposure. - Offers a comprehensive discussion of the specific mechanisms that apply to country risk assessment. - Discusses various techniques associated with global investment strategy. - Presents and analyses the various sources of country risk. - Provides an in depth coverage of information sources and country risk service providers. - Gives techniques for forecasting country financial crises. - Includes practical examples and case studies. - Provides a comprehensive review of all existing methods including the techniques on the cutting-edge Market Based Approaches such as KMV, CreditMetrics, CountryMetrics and CreditRisk+.

Applied Equity Analysis Stock Valuation Techniques For Wall Street Professionals

Author: James English
Editor: McGraw Hill Professional
ISBN: 9780071382632
File Size: 23,28 MB
Format: PDF
Read: 4455

Applied Equity Analysis treats stock valuation as a practical, hands-on tool rather than a vague, theoretical exercise—and covers the entire valuation process from financial statement analysis through the final investment recommendation. Its integrated approach to valuation builds viable connections between a firm’s competitive situation and the ultimate behavior of its common stock. Techniques explained include EVA, newer hybrid valuation techniques, and relative multiple analysis.