The stock market crash of 1987 had a tumultuous effect on the world of finance. The reverberations of this collapse are still being felt and a number of issues and problems are still unresolved. This book discusses these issues and looks to future developments in international finance. The book contains sections which look at: capital structure; the cost of capital and agency issues; mergers and takeovers, and options, futures and forward trading.
The stock market crash of 1987 had a tumultuous effect on the world of finance. The reverberations of this collapse are still being felt and a number ...
In most countries the economic structure and financial landscape are dominated by corporations. A critical examination of the various facets of the corporate economy is thus vitally important. In Managerial Finance in the Corporate Economy the authors use new theoretical apparatus and empirical evaluations to present such a study. The book includes new findings on mutual and pension funds, portfolio diversification, market volatility, financial institutions and corporate behaviour in the context of the international economy.
In most countries the economic structure and financial landscape are dominated by corporations. A critical examination of the various facets of the co...
In the evolving environment of global financial markets, governments, corporations, individual investors, and their associated financial institutions must grapple with a host of thorny issues that affect emerging economies with particular force, as we saw during the Asian financial crisis of the late 1990s. Among the issues analyzed by some of the top financial scholars from around the world are covered arbitrage possibilities in the absense of hedging instruments; the effect of capital controls on capital flows; the potential impact of currency unification, as well as the possibilities...
In the evolving environment of global financial markets, governments, corporations, individual investors, and their associated financial institutio...
Top financial scholars from around the world analyze regional economic issues in light of the recent Asian financial crisis. As a result of that crisis, and the ensuing reforms, corporations, governments, individual investors have pursued a variety of strategies to cope with the fast-changing economic situation. Each chapter treats a separate issue and offers policy recommendations. Among the theoretical and empirical analyses collected here are those relating to nonperforming loans, economic restructuring, bank forecasting, prediction of corporate failure, Islamic banking issues, new...
Top financial scholars from around the world analyze regional economic issues in light of the recent Asian financial crisis. As a result of that crisi...
Explains arbitrage, hedging, and speculation from the standpoint of a participant in the foreign exchange market--whether an individual trader or an institutional trader--who possesses analytical skill, economically sound judgment, and who has access to market data. In the foreign exchange market, arbitrage involves the simultaneous purchase and sale of a currency in different markets; the profit comes from the difference in the buying and selling prices. Hedging and speculation are opposing strategies for dealing with risk; hedging is a cover, and speculation is an assumption of risk....
Explains arbitrage, hedging, and speculation from the standpoint of a participant in the foreign exchange market--whether an individual trader or a...
An updated and expanded version of the time-honored classic text on financial math, this book provides, in one place, a complete and practical treatment of the four primary venues for finance: commercial lending, financial formulas, mortgage lending, and resource allocation or capital budgeting techniques. With an emphasis on understanding the principles involved rather than blind reliance on formulas, the book provides rigorous and thorough explanations of the mathematical calculations used in determining the time value of money, valuation of loans by commercial banks, valuation of...
An updated and expanded version of the time-honored classic text on financial math, this book provides, in one place, a complete and practical trea...
