"This book is about an intellectual fraud, one that has become part of legal doctrine that has greatly influenced decisions all the way up to the United States Supreme Court. The "efficient market hypothesis" (EMH), born from the Random Walk theory, started out as an honest atte…
"This book is about the pricing of liquidity. We present theory and evidence on how liquidity affects securities prices, why liquidity varies over time, how a drop in liquidity leads to a drop in prices, and why liquidity crises create liquidity spirals. The analysis has implica…
Praise for the First Edition" ... a nice, self-contained introduction to simulation and computational techniques in finance ..."--Mathematical ReviewsSimulation Techniques in Financial Risk Management, Second Editiontakes a unique approach to the field of simulations by focusing…
Praise for the First Edition" ... a nice, self-contained introduction to simulation and computational techniques in finance ..."--Mathematical ReviewsSimulation Techniques in Financial Risk Management, Second Editiontakes a unique approach to the field of simulations by focusing…
What do hedge funds really do? These lightly regulated funds continually innovate new investing and trading strategies to take advantage of temporary mispricing of assets (when their market price deviates from their intrinsic value). These techniques are shrouded in mystery, whi…
What do hedge funds really do? These lightly regulated funds continually innovate new investing and trading strategies to take advantage of temporary mispricing of assets (when their market price deviates from their intrinsic value). These techniques are shrouded in mystery, whi…
This work ties together the theory, quantitative methods and applications of capital budgeting. It provides a balanced treatment of the different approaches to capital project evaluation and the author explores both the strengths and weaknesses of various project selection metho…
"This book is a guide to the calculations involved in managing bonds, with expert insight on the portfolios and investment strategies that puts the math in perspective. The book explains how to delineate the characteristics of different types of debt securities; calculate implie…
Dieses Buch vermittelt prägnant und eingängig Konzepte und Handlungsempfehlungen für erfolgreiches Beteiligungscontrolling und -management, insbesondere mit Blick auf den bilanziellen Einfluss von möglichen Optimierungen. Dabei stehen die klassischen Fragen der Investitionsrechn…
Machine generated contents note: -- <strong>Part One: Capital Budgeting and Valuation </strong> -- 1. Introduction to Finance -- 2. The Time Value of Money -- Appendix 2.1. Algebraic Present Value Formulas -- Appendix 2.2. Annuity Formulas in Excel -- 3. Measures for Evaluation …
