Asset Pricing, Real Estate and Public Finance Over the Crisis

ISBN-13: 9781137293763 / Angielski / Twarda / 2013 / 255 str.

Gianluca Mattarocci

Opis

The current financial crisis started from the US real estate market and after, though the increase of risk premium requested by investors and due to the lack of liquidity of all financial markets, it became a world financial crisis. A detailed analysis during the crisis focuses attention on asset management, the real estate and public sector.

Spis treści

PART I: ASSET PRICING DURING THE CRISIS 1. Does Investor Attention Influence Stock Market Activity? The Case of Spin-Off Deals; A.Carretta, V.Farina, E.A.Graziano & M.Reale 2. The Effects of Derivatives Trading on Stock Market Volatility and Market Efficiency. Some Evidence from European Markets; G.Liccardo 3. How Much Globalization is there in the World Stock Markets and where is it?; G.Nicolini & E.Dorodnykh 4. Financial Analyst Recommendation Driven Funds: a Risk Adjusted Measure Analysis; G.Galloppo 5. Alternative Neural Network Approaches for Enhancing Stock Picking using Earnings Forecasts; G.Galloppo & M.Aliano 6. Market Timing with the Black-Litterman Model; U.Pomante 7. Performance and Governance in Investment Management Companies; M.C.Arcuri PART II: REAL ESTATE INVESTMENT VEHICLES AND MARKETS DURING THE CRISIS 8. The Quality of Real Estate Data: the Italian Case; F.Battaglia, C.Porzio & G.Sampagnaro 9. Real Estate Trends and Portfolio Rebalancing: Evidence from Main European Markets; G.Mattarocci & G.Siligardos 10. The Choice of the Risk Measure in Selecting Real Estate Funds: Evidence from the Italian Market; C.Giannotti & G.Mattarocci PART III: PUBLIC SECTOR ISSUES IN A CRISIS SCENARIO 11. Economic and Financial Determinants of Italian Local Government Ratings: an Empirical Analysis; A.V.Venneri 12. Evolution of the Finance Function in the Italian Local Public Bodies; F.Quarta & P.Stefanizzi 13. Project Finance Exposures in the Supervisory Slotting Criteria Approach: Pricing and Judgmental Analysis; P.Marchetti & A.V.Venneri

O autorze

Mauro Aliano University of Rome Tor Vergata, Italy Maria Cristina Arcuri University of Rome Tor Vergata, Italy and University of Parma, Italy Francesca Battaglia University of Naples Parthenope, Italy Ekaterina Dorodnykh University of Rome Tor Vergata, Italy Vincenzo Farina University of Rome Tor Vergata, Italy Giuseppe Galloppo University of Tuscia, Viterbo, Italy Claudio Giannotti University LUM Jean Monnet, Casamassima, Italy and University of Rome Tor Vergata, Italy Elvira Anna Graziano University of Rome Tor Vergata, Italy Giovanni Liccardo University of Rome Tor Vergata, Italy Pietro Marchetti University of Salento, Italy and University of Rome Tor Vergata, Italy Gianni Nicolini University of Rome Tor Vergata, Italy Ugo Pomante University of Rome Tor Vergata, Italy and SDA Bocconi School of Management, Italy Claudio Porzio University of Naples Parthenope, Italy Fabrizio Quarta University of Salento, Italy Marco Reale University of Canterbury, New Zealand Gabriele Sampagnaro University of Naples Parthenope, Italy and University of Rome Tor Vergata, Italy Georgios Siligardos University of Rome Tor Vergata, Italy and University of Salento, Italy Anna Valeria Venneri University of Rome Tor Vergata, Italy and University of Salento, Italy