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Books > Academic & Education > Professional & Technical > Finance

An Introduction to Credit Derivatives (Hardcover): Moorad Choudhry An Introduction to Credit Derivatives (Hardcover)
Moorad Choudhry
R1,103 Discovery Miles 11 030 Within 7 - 11 working days

In a relatively short time credit derivatives have grown to become one of the largest and most important segment of the financial markets, with deal volumes now in trillions of dollars. They have become an important tool for banks, financial institutions and corporates who desire greater flexibility in managing their credit risk and economic capital. This book is an accessible introduction to the various types of credit derivative instruments traded in the markets today. All products are described with the help of worked examples and Bloomberg screens, and the reader will be left with a thorough familiarity with the nature of credit risk and credit products generally.
Topics covered include:
* Credit risk
* Unfunded credit derivatives
* Funded credit derivatives
* Credit default swap pricing
* The asset-swap credit default swap basis
* Accessible account of major segment of financial markets
* Describes instruments and applications
* Integrates credit risk with credit derivatives

Project Finance in Theory and Practice - Designing, Structuring, and Financing Private and Public Projects (Hardcover, 2nd... Project Finance in Theory and Practice - Designing, Structuring, and Financing Private and Public Projects (Hardcover, 2nd edition)
Stefano Gatti
R1,193 Discovery Miles 11 930 In stock

This book presents comprehensive coverage of project finance in Europe and North America. The Second Edition features two new case studies, all new pedagogical supplements including end-of-chapter questions and answers, and insights into the recent market downturn. The author provides a complete description of the ways a project finance deal can be organized-from industrial, legal, and financial standpoints-and the alternatives available for funding it. After reviewing recent advances in project finance theory, heprovides illustrations and case studies. At key points Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals.
*Forword by William Megginson, Professor and Rainbolt Chair in Finance, Price College of Business, The University of Oklahoma
*Comprehensive coverage of theory and practice of project finance as it is practiced today in Europe and North America
*Website contains interactive spreadsheets so that readers can input data and run and compare various scenarios, including up to the minute treatment of the cutting-edge areas of PPPs and the new problems raised by Basel II related to credit risk measurement"

Investment Banks, Hedge Funds, and Private Equity, 2e (Hardcover, 2nd edition): David Stowell Investment Banks, Hedge Funds, and Private Equity, 2e (Hardcover, 2nd edition)
David Stowell
R1,242 Discovery Miles 12 420 Within 7 - 11 working days

The dynamic environment of investment banks, hedge funds, and private equity firms comes to life in David Stowell s introduction to the ways they challenge and sustain each other. Capturing their reshaped business plans in the wake of the 2007-2009 global meltdown, his book reveals their key functions, compensation systems, unique roles in wealth creation and risk management, and epic battles for investor funds and corporate influence. Its combination of perspectives-drawn from his industry and academic backgrounds-delivers insights that illuminate the post-2009 reinvention and acclimation processes. Through a broad view of the ways these financial institutions affect corporations, governments, and individuals, Professor Stowell shows us how and why they will continue to project their power and influence.
Emphasizes the needs for capital, sources of capital, and the process of getting capital to those who need it. Integrates into the chapters ten cases about recent transactions, along with case notes and questions Accompanies cases with spreadsheets for readers to create their own analytical frameworks and consider choices and opportunities. "

Mergers and Acquisitions Basics - All You Need To Know (Paperback): Donald DePamphilis Mergers and Acquisitions Basics - All You Need To Know (Paperback)
Donald DePamphilis
R608 Discovery Miles 6 080 Within 7 - 11 working days

Mergers and Acquisitions Basics: All You Need to Know provides an introduction to the fundamental concepts of mergers and acquisitions. Key concepts discussed include M&As as change agents in the context of corporate restructuring; legal structures and strategies employed in corporate restructuring; takeover strategies and the impact on corporate governance; takeover defenses; and players who make mergers and acquisitions happen. The book also covers developing a business plan and the tools used to evaluate, display, and communicate information to key constituencies both inside and outside the corporation; the acquisition planning process; the negotiation, integration planning, and closing phases; financing transactions; and M&A post-merger integration. This book is written for buyers and sellers of businesses, financial analysts, chief executive officers, chief financial officers, operating managers, investment bankers, and portfolio managers. Others who may have an interest include bank lending officers, venture capitalists, government regulators, human resource managers, entrepreneurs, and board members. The book may also be used as a companion or supplemental text for undergraduate and graduate students taking courses on mergers and acquisitions, corporate restructuring, business strategy, management, governance, and entrepreneurship.

Cash Return on Capital Invested - Ten Years of Investment Analysis with the CROCI Economic Profit Model (Hardcover): Pascal... Cash Return on Capital Invested - Ten Years of Investment Analysis with the CROCI Economic Profit Model (Hardcover)
Pascal Costantini
R1,762 Discovery Miles 17 620 In stock

In this book, Pascal Costantini gives a lively and wonderfully readable account of ten years of efforts by a small group of investment analysts to find a reliable, practical and implementable method for valuing and selecting shares. The result of their effort is an original investment methodology called CROCI (Cash Return on Capital Invested), best described as a variation of the economic profit model. For over a decade now, Costantinis group at Deutsche Bank has been using this valuation tool every time it has had to take a view on the pricing of an equity asset, be it a market, a sector or an individual sharein other words, every single working day, since it is this groups job to advise institutional investors on equity valuation. Costantini describes in detail, accompanied by concrete examples in the form of charts and graphs, the precise investment results of the actual implementation of the CROCI approach in the global equity markets since 1996. Readers will enjoy taking this journey with Costantini to see how and why the model was developed, assess the results of ten years of actual implementation and measure the successes of using this model in stock picking and portfolio construction. This book will also make it easy for them to see how the CROCI approach can be used successfully by others now and in the future.
The book is divided into four parts. The first part is a review and discussion of the fundamentals of investment analysis. The second part is dedicated to the construction of economic data, with the sole objective of calculating an economically meaningful asset multiple and relative return, the combination of which gives an economic PE ratio, the authors main stock selection tool. While the economic profit model is not exactly new, it is still largely ignored by the investment community. In essence, it does three things: it calculates the real amount of cash, or value created by a business; it compares the market value of an asset to an approximation of its replacement value; and it assumes that the former will converge to the latter through the arbitrage of investors and capital providers. The third part is dedicated to the analysis of economic data, and the last part deals with the actual implementation of the CROCI economic profit model, including real life examples. This final part also discusses how to use the output of the CROCI model with individual stocks, and then with investment portfolios.
*Techniques are based on the authors performance record at Deutsche Bank since 1996
*Based on almost ten years of proprietary knowledge and implementation of these techniques
*Factual illustrations of the results of the valuation techniques are provided at each step
*Techniques are based on the author's performance record at Deutsche Bank since 1996
*Based on almost ten years of proprietary knowledge and implementation of these techniques
*Factual illustrations of the results of the valuation techniques are provided at each step

Public-Private Partnerships - Principles of Policy and Finance (Hardcover): E.R Yescombe Public-Private Partnerships - Principles of Policy and Finance (Hardcover)
E.R Yescombe
R1,407 Discovery Miles 14 070 Within 7 - 11 working days

Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment).
This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs.
The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains:
* The different types of PPPs and how these have developed
* Why PPPs are attractive to governments
* General policy issues for the public sector in developing a PPP programme
* PPP procurement procedures and bid evaluation
* The use of project-finance techniques for PPPs
* Sources of funding
* Typical PPP contracts and sub-contracts, and their relationship with the project s financial structure
* Risk assessment from the points of view of the public sector, investors, lenders and other project parties
* Structuring the investment and debt financing
* The key issues in negotiating a project-finance debt facility.
In addition the book includes an extensive glossary, as well as cross-referencing.
*Reviews the PPP policy framework and development from an international perspective
*Covers public- and private-sector financial analysis, structuring and investment in PPPs
*No prior knowledge of project financing required"

Credit Insurance (Paperback, New): Miran Jus Credit Insurance (Paperback, New)
Miran Jus
R842 Discovery Miles 8 420 Within 7 - 15 working days

This monograph is practically oriented, presenting a survey and explanation of credit insurance services for protection of short-term trade receivables primarily against commercial risk of insolvency and protracted default. The subject matter (i.e., main functions, features and principles of credit insurance with detailed description of credit insurance coverage, insurance conditions, and credit insurance policy management) follows procedural stages and presents commercial, financial, legal, and practical points of view which emphasize the needs of both the providers of these services andtheir clients - existing and potential credit insured companies - as well asother practitioners.
Explains how credit insurance has changed from an esoteric type of property insurance into a flexible and frequently used credit risk mitigation tool used on a global basisCompares credit insurance with self-insurance and equivalent substitutesDescribes the types of insurance available and how to obtain and manage credit insurance policies"

Econophysics - Background and Applications in Economics, Finance, and Sociophysics (Paperback, New): Gheorghe Savoiu Econophysics - Background and Applications in Economics, Finance, and Sociophysics (Paperback, New)
Gheorghe Savoiu
R839 Discovery Miles 8 390 Within 7 - 15 working days

The remarkable evolution of econophysics research has brought the deep synthesis of ideas derived from economics and physicsto subjects as diverse as education, banking, finance, and the administration of large institutions. The original papers in this collection present a broad summary of these advances, written by interdisciplinary specialists. Included are studies on subjects in the development of econophysics; on the perspectives offered by econophysics on large problems in economics and finance, including the 2008-9 financial crisis; and on higher education and group decision making. The introductions and insights they provide will benefit everyone interested in applications of this new transdisciplinary science.
Ten papers present an updated version of the origins, issues, and applications of econophysics Economics and finance chapters consider lessons learned from the 2008-9 financial crisis Sociophysics chapters propose new thinking on educational reforms and group decision making"

Global Bank Regulation - Principles and Policies (Hardcover): Heidi Mandanis Schooner, Michael W Taylor Global Bank Regulation - Principles and Policies (Hardcover)
Heidi Mandanis Schooner, Michael W Taylor
R1,919 Discovery Miles 19 190 Within 7 - 15 working days

Global Bank Regulation: Principles and Policies covers the global regulation of financial institutions. It integrates theories, history, and policy debates, thereby providing a strategic approach to understanding global policy principles and banking. The book features definitions of the policy principles of capital regularization, the main justifications for prudent regulation of banks, the characteristics of tools used regulate firms that operate across all time zones, and a discussion regarding the 2007-2009 financial crises and the generation of international standards of financial institution regulation. The first four chapters of the book offer justification for the strict regulation of banks and discuss the importance of financial safety. The next chapters describe in greater detail the main policy networks and standard setting bodies responsible for policy development. They also provide information about bank licensing requirements, leading jurisdictions, and bank ownership and affiliations. The last three chapters of the book present a thorough examination of bank capital regulation, which is one of the most important areas in international banking. The text aims to provide information to all economics students, as well as non-experts and experts interested in the history, policy development, and theory of international banking regulation.

Fixed Income Markets and Their Derivatives (Hardcover, 3rd edition): Suresh Sundaresan Fixed Income Markets and Their Derivatives (Hardcover, 3rd edition)
Suresh Sundaresan
R1,522 Discovery Miles 15 220 Within 7 - 11 working days

The 3e of this well-respected textbook continues the tradition of providing clear and concise explanations for fixed income securities, pricing, and markets. The book matches well with fixed income securities courses. The book's organization emphasizes institutions in the first part, analytics in the second, selected segments of fixed income markets in the third, and fixed income derivatives in the fourth. This enables instructors to customize the material to suit their course structure and the mathematical ability of their students.
* New material on Credit Default Swaps, Collateralized Debt Obligations, and an intergrated discussion of the Credit Crisis have been added.
*Online Resources for instructors on password protected website provides worked out examples for each chapter.
* A detailed description of all key financial terms is provided in a glossary at the back of the book.

Corporate Governance and Regulatory Impact on Mergers and Acquisitions - Research and Analysis on Activity Worldwide Since 1990... Corporate Governance and Regulatory Impact on Mergers and Acquisitions - Research and Analysis on Activity Worldwide Since 1990 (Hardcover)
Greg N. Gregoriou, Luc Renneboog
R2,381 Discovery Miles 23 810 Within 7 - 15 working days

Corporate Governance and regulatory presssures have been much in the news lately. How they affect the bottom line of corporations has been difficult to quantify, and research is just beginning to be published that addresses this crucial question. This book is the first collection for new research about the impact of takeover regulation and corporate governance on M&A financial results. It will be essential reading to any M&A specialist, an investment banker, a hedge fund manager, a private equity director, or a venture capitalist. Also a must read for financial analysts who follow M&A targets. The book presents research from around the world so it provides a global perspective on this important topic.
*The first and only book of research on takeover regulation and corporate governance affecting M&A results
*Stands out from all the "How to" books on M&A and M&A disaster books because it provides solid high-quality research on what works and how different decisions affect company and shareholder value
*Research provides a guideline for decisionmakers in investment banks, private equity companies, and for financial analysts

Handbook of Corporate Finance, Volume 1 - Empirical Corporate Finance (Hardcover): B. Espen Eckbo Handbook of Corporate Finance, Volume 1 - Empirical Corporate Finance (Hardcover)
B. Espen Eckbo
R3,197 Discovery Miles 31 970 Within 7 - 15 working days

Judging by the sheer number of papers reviewed in this Handbook, the empirical analysis of firms' financing and investment decisions-empirical corporate finance-has become a dominant field in financial economics. The growing interest in everything "corporate" is fueled by a healthy combination of fundamental theoretical developments and recent widespread access to large transactional data bases. A less scientific-but nevertheless important-source of inspiration is a growing awareness of the important social implications of corporate behavior and governance. This Handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues, ranging from econometric methodology, to raising capital and capital structure choice, and to managerial incentives and corporate investment behavior. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work.
*The Handbooks in Finance series offers a broad group of outstanding volumes in various areas of finance
*Each individual volume in the series should present an accurate self-contained survey of a sub-field of finance
*The series is international in scope with contributions from field leaders the world over

Introduction to Project Finance (Paperback): Andrew Fight Introduction to Project Finance (Paperback)
Andrew Fight
R1,226 Discovery Miles 12 260 Within 7 - 15 working days

The term "project finance" is now being used in almost every language in every part of the world. It is the solution to infrastructure, public and private venture capital needs. It has been successfully used in the past to raise trillions of dollars of capital and promises to continue to be one of the major financing techniques for capital projects in both developed and developing countries.
Project Finance aims to provide:
*Overview of project finance
*Understanding of the key risks involved in project finance and techniques for mitigating risk
*Techniques for effective evaluation of project finance from both a financial and credit perspective
The author differentiates between recourse and non-recourse funding, tackles the issues of feasibility, identifies the parties normally involved with project finance plans, and details techniques for realistic cash flow preparation.
*Inspired by basic entry level training courses that have been developed by major international banks worldwide
*Will enable students, and those already in the finance profession, to gain an understanding of the basic information and principles of project finance
*Includes questions with answers, study topics, practical 'real world' examples and an extensive bibliography

Credit Risk Management (Paperback): Andrew Fight Credit Risk Management (Paperback)
Andrew Fight
R1,610 Discovery Miles 16 100 Within 7 - 15 working days

Credit Risk Management will enable general bankers, staff, and credit analyst trainees to understand the basic information and principles underlying credit risk evaluation, and to use those underlying principles to undertake an analysis of non financial and financial risks when preparing a credit proposal. Since the best loans are the ones that do not present problems during the repayment phase, the authors also focus on elements relating to the proactive management of those loans during their inception.

This book introduces:
*Credit analysis, approval and management processes
*Concepts of financial and non-financial risk
*Financial statement analysis, including the use of ratio anaylsis
*Cash flow analysis and forecasting
*Security enhancement & management procedures designed to legally & financially manage credit risk
*Inspired by the basic entry level training courses that have been developed by major international banks worldwide.
*Will enable students and those already in the finance profession to gain an understanding of the basic information and principles of credit risk
*Questions with answers, study topics, practical "real world" examples and text with an extensive bibliography

Contemporary Financial Intermediation (Hardcover, 2nd Revised edition): Stuart I Greenbaum, Anjan V. Thakor Contemporary Financial Intermediation (Hardcover, 2nd Revised edition)
Stuart I Greenbaum, Anjan V. Thakor
R2,189 Discovery Miles 21 890 Within 7 - 15 working days

Stuart Greenbaum and Anjan Thakor bring a unique analytical approach to the subject of banks and banking in this completely revised and updated new edition. They expand the scope of the typical bank management course by addressing all types of deposit-type financial institutions and by explaining the why of intermediation rather than simply describing institutions, regulations, and market phenomena. This analytic approach strikes at the heart of financial intermediation by explaining why financial intermediaries exist and what they do. Specific regulations, economies, and policies will change, but the underlying philosophical foundations remain the same. This approach enables students to understand the foundational principles and to apply them to whatever context they encounter as professionals.
"This book is the perfect liasion between the microeconomics realm of information economics and the real world of banking and financial intermediation. It supplies a healthy dose of microeconomic theory to fully understand the underlying features of the most common financial instruments used in modern banking practice, all explained thoroughly with down to earth narratives and doable math/game theoretic instruments. It makes a wonderful preview before going on with Freixas text, or at least as its companion."
--Quote referring to first edition from Enrique Fernandez on amazon.com
* Completely undated edition of a classic banking text
* Online solutions manual, instructor resources, and ppt slides available to instructors on publisher's website
* Authored by experts on financial intermediation theory, only textbook that takes this approach situating banks within microeconomic theory

Understanding Credit Derivatives and Related Instruments (Hardcover, New): Antulio Bomfim Understanding Credit Derivatives and Related Instruments (Hardcover, New)
Antulio Bomfim
R1,927 Discovery Miles 19 270 Within 7 - 15 working days

The global credit derivatives market is estimated to have grown from virtually nothing in the early 1990s to over $2 trillion dollars. Although still relatively young, the credit derivatives market has already developed to the point where one can characterize its evolution in terms of developments in its various segments, such as the market for single-name credit derivatives or the market for credit derivatives written on sovereign credits.
Understanding Credit Derivatives offers a comprehensive introduction to the credit derivatives market. Rather than presenting a highly technical exploration of the subject, it offers intuitive and rigorous summaries of the major subjects and the principal perspectives associated with them. The centerpiece is pricing and valuation issues, especially discussions of different valuation tools and their use in credit models.
* Offers a broad overview of this growing field
* Discusses all the main types of credit derivatives
* Provides back-of-the-book summary of statistics and fixed-income mathematics

Public Finance - A Normative Theory (Hardcover, 2nd Revised edition): Richard W. Tresch Public Finance - A Normative Theory (Hardcover, 2nd Revised edition)
Richard W. Tresch
R4,528 Discovery Miles 45 280 Within 7 - 15 working days

Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text.

Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals.

  • Second edition provides new and updated information
  • Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism
  • Features a cohesive and versatile general equilibrium framework
An Introduction to High-frequency Finance (Hardcover): Michel Dacorogna, Ramazan Gencay, Ulrich Muller, Richard Olsen, Olivier... An Introduction to High-frequency Finance (Hardcover)
Michel Dacorogna, Ramazan Gencay, Ulrich Muller, Richard Olsen, Olivier Pictet
R1,886 Discovery Miles 18 860 Within 7 - 11 working days

Liquid markets generate hundreds or thousands of ticks (the minimum change in price a security can have, either up or down) every business day. Data vendors such as Reuters transmit more than 275,000 prices per day for foreign exchange spot rates alone. Thus, high-frequency data can be a fundamental object of study, as traders make decisions by observing high-frequency or tick-by-tick data. Yet most studies published in financial literature deal with low frequency, regularly spaced data. For a variety of reasons, high-frequency data are becoming a way for understanding market microstructure. This book discusses the best mathematical models and tools for dealing with such vast amounts of data.
This book provides a framework for the analysis, modeling, and inference of high frequency financial time series. With particular emphasis on foreign exchange markets, as well as currency, interest rate, and bond futures markets, this unified view of high frequency time series methods investigates the price formation process and concludes by reviewing techniques for constructing systematic trading models for financial assets.

CFROI Valuation (Hardcover): Bartley J. Madden CFROI Valuation (Hardcover)
Bartley J. Madden
R2,951 Discovery Miles 29 510 Within 7 - 15 working days

What generates shareholder value? How can it be evaluated? How can it influence investment decisions and corporate strategy? Cash Flow Return On Investment answers all these questions by detailing the pioneering financial research carried out by HOLT Value Associates, the leading consultancy in the field.
Read this book if you want to find out what really drives the wealth generation in any business, allowing you to pick which equities will succeed and which strategic initiatives are destined for high returns.
The CFROI model is an essential tool for professionals working in finance and corporate strategy. It clarifies how economic value is created in a firm and acts as a reliable guide to:
* making investment decisions
* taking key strategic decisions
* understanding economic value



Shows how to judge and compare individual equities across markets and company sectors
Cutting edge theory and practice
The leading book about shareholder value authored by one of the world's leading consultancies in the field

Financial Performance (Hardcover): Rory Knight, Marc Bertoneche Financial Performance (Hardcover)
Rory Knight, Marc Bertoneche
R2,535 Discovery Miles 25 350 Within 7 - 15 working days

'Financial Performance' presents the foundation concepts underlying the Senior Executive Programmes the Authors have taught together and separately over the last 15 years in Europe, Asia and North America.
These programmes include
The Oxford Advanced Management Programme
The Oxford Senior Executive Finance Programme
The INSEAD Advanced Management Programme
The IMI, Geneva, Advanced Management Programme
The Harvard Advanced Management Programme
The Oxford International Executive Programme, Singapore
The IMI International Finance Programme, Singapore
The book is intended as a reference manual as well as a textbook and will be of value to anyone with an interest in financial performance - particularly senior executives.


The developments in modern finance over the last two decades have considerable implications for the way senior executives think about the finance discipline. It is no longer enough to have a rudimentary knowledge of basic finance and a heavy reliance on financial specialists.
CEOs of course need excellent financial professionals - however they need to go beyond this and provide strategic leadership. This requires a conceptual framework for dealing with financial matters. This book provides a description of the underlying ideas and will be of value to anyone with an interest in financial performance - particularly senior executives.

This book revolves around the concept of value and it is organised into two parts.
Part IPerformance Measurement
Consists of three chapters, all of which focus on the real and fairly complex set of financial statements of DaimlerChrysler AG.
The first two chapters provide a detailed guided tour of the financial statements which deconstruct the complexity and then reconstruct the financials to provide a clearer base for analysis. These chapters have been arranged to deal with each line item of financial statements which have been highlighted in such a way to allow the reader to treat the materials as a reference as well as a sequential read.
Chapter three presents a framework for evaluating financial health and introduces a cash flow based model for understanding the short and medium term constraints on a firm's growth. This exposition revolves around the concept of sustainable growth.
Part 2Valuation
In the second part of the book chapter 4 introduces the cost of capital concept followed by chapter 5 which provides a general source of reference for valuation and a variety of difference applications.Chapter 6 concludes the book with a review of concept of shareholder value from a European perspective.

Rory Knight MA(Oxon), MCom, PhD, CA
Dean (Emeritus), Templeton College, University of Oxford
For the last five years Rory has been Dean of Templeton College, the University of Oxford's business college. During this time he led the Oxford Advanced Management Programme and he created the Oxford Senior Executive Finance Programme. He has considerable experience in business and management development. He is actively involved in briefing the senior executives of leading companies on issues in Finance and Strategy.
Prior to coming to Oxford Dr Knight was the deputy director of a foundation within the Swiss National Bank (SNB) and previously a Professor in Finance at IMI, Geneva & IMD, Lausanne.

Marc Bertoneche MA, MBA, DBA, Phd
Visiting Professor, Harvard Business School
Marc is a Professor in Business Administration at the University of Bordeaux and has been on the faculty at INSEAD, the European Institute of Business Administration in Fontainebleau France for more than twenty years. His areas of interest include corporate and financial strategy, mergers and acquisitions, venture capital, financial markets, corporate ownership and governance, risk management and international finance. He is currently visiting professor at the Harvard Business School.
Marc and Rory have worked as a team for over fifteen years in teaching senior executives and academic research.

Cutting edge techniques in financial management and corporate financial strategy.
How to maximize shareholder value.
Based upon the advanced management programmes at Oxford and INSEAD.

An Introduction to Credit Derivatives (Hardcover, 2nd edition): Moorad Choudhry An Introduction to Credit Derivatives (Hardcover, 2nd edition)
Moorad Choudhry
R1,148 Discovery Miles 11 480 Within 7 - 11 working days

The second edition of "An Introduction to Credit Derivatives" provides a broad introduction to products and a marketplace that have changed significantly since the financial crisis of 2008. Author Moorad Choudhry gives a practitioner's perspective on credit derivative instruments and the risks they involve in a succinct style without sacrificing technical details and scientific precision.

Beginning with foundational discussions of credit risk, credit risk transfer and credit ratings, the book proceeds to examine credit default swaps and related pricing, asset swaps, credit-linked notes, and more. Ample references, appendices and a glossary add considerably to the lasting value of the book for students and professionals in finance.
A post-crisis guide to a powerful bank risk management product, its history and its useLiberal use of Bloomberg screens and new worked examples increase hands-on practicalityNew online set of CDS pricing models and other worksheets multiply the book's uses

Auction Theory (Hardcover, 2nd edition): Vijay Krishna Auction Theory (Hardcover, 2nd edition)
Vijay Krishna
R1,197 Discovery Miles 11 970 Within 7 - 11 working days

Vijay Krishna's 2e of "Auction Theory" improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna's ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the 2e continues to serve as the doorway to relevant theory for most students doing empirical work on auctions.
Focuses on key auction types and serves as the doorway to relevant theory for those doing empirical work on auctions
New chapter on combinatorial auctions and new analyses of theory-informed applications
New LaTex Beamer slides, chapter-ending exercises, problems of varying difficulties, and a solutions manual support and reinforce key points

Economic Capital - How It Works, and What Every Manager Needs to Know (Hardcover): Pieter Klaassen, Idzard van Eeghen Economic Capital - How It Works, and What Every Manager Needs to Know (Hardcover)
Pieter Klaassen, Idzard van Eeghen
R1,330 Discovery Miles 13 300 Within 7 - 11 working days

Managers can deploy and manage economic capital more effectively when they understand how their decisions add value to their organizations. "Economic Capital: How It Works and What Every Manager Needs to Know" presents new ways to define, measure, and implement management strategies by using recent examples, many from the sub-prime crisis. The authors also discuss the role of economic capital within the broader context of management responsibilities and activities as well as its relation to other risk management tools that are available to the modern risk manager.


Explains ways to use economic capital in balancing risk and return Evaluates solutions to problems encountered in establishing an economic capital framework Emphasizes intuition Draws special attention to embedding risk modelling approaches within economic capital frameworks

Handbook of Empirical Corporate Finance, Volume 2 - Empirical Corporate Finance (Hardcover): B. Espen Eckbo Handbook of Empirical Corporate Finance, Volume 2 - Empirical Corporate Finance (Hardcover)
B. Espen Eckbo
R2,701 Discovery Miles 27 010 Within 7 - 11 working days

This second volume of a two-part series examines three major topics. First, it devotes five chapters to the classical issue of capital structure choice. Second, it focuses on the value-implications of major corporate investment and restructuring decisions, and then concludes by surveying the role of pay-for-performance type executive compensation contracts on managerial incentives and risk-taking behavior.
In collaboration with the first volume, this handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work.
* Nine original chapters summarize research advances and future topics in the classical issues of capital structure choice, corporate investment behavior, and firm value.
* Multinational comparisons underline the volume's empirical perspectives
* Complements the presentation of econometric issues, banking, and capital acquisition research covered by Volume 1

Rethinking Valuation and Pricing Models - Lessons Learned from the Crisis and Future Challenges (Hardcover): Carsten S. Wehn,... Rethinking Valuation and Pricing Models - Lessons Learned from the Crisis and Future Challenges (Hardcover)
Carsten S. Wehn, Christian Hoppe, Greg N. Gregoriou
R1,621 Discovery Miles 16 210 Within 7 - 11 working days

It is widely acknowledged that many financial modelling techniques failed during the financial crisis, and in our post-crisis environment many techniques are being reconsidered. This single volume provides a guide to lessons learned for practitioners and a reference for academics.Including reviews of traditional approaches, real examples, and case studies, contributors consider portfolio theory; methods for valuing equities and equity derivatives, interest rate derivatives, and hybrid products; and techniques for calculating risks and implementing investment strategies. Describing new approaches without losing sight of their classical antecedents, this collection of original articles presents a timely perspective on our post-crisis paradigm.
Highlights pre-crisis best classical practices, identifies post-crisis key issues, and examines emerging approaches to solving those issuesSingles out key factors one must consider when valuing or calculating risks in the post-crisis environmentPresents material in a homogenous, practical, clear, and not overly technical manner"

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