Performance Evaluation and Attribution Volume 1: Asset Pricing and Models, Second Edition, presents an updated, comprehensive exploration of portfolio evaluation. Based on the authors’ Performance Evaluation and Attribution of Security Portfolios (2012), this Second Edition adds four new chapters and updated content throughout in its practical approach to measuring manager skills and using recent statistical techniques to solve investment problems. Added are new factor models, including the newly developed q-factor model and the new models of Fama and French; new examples; and new work on qualitative considerations used in performance evaluation. Highly detailed, Performance Evaluation and Attribution Volume 1: Asset Pricing and Models, Second Edition, combines academic rigor with practical applications and guidance for applications of diverse approaches.
Performance Attribution Volume 2: Analysis and Reporting, Second Edition explains the practical aspects of building or interpreting a top-to-bottom performance attribution system applicable to many asset classes. Requiring a familiarity with the principal concepts of portfolio analysis, it features standard methodologies and alternative approaches to the attribution of diverse assets, including derivatives, fixed income, and hedge funds. Based on the authors’ Performance Evaluation and Attribution of Security Portfolios (2012), its concentration on the ethical standards embodied by GIPS includes a summary of provisions for the presentation of risk in a firm’s investments.
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 a spectrum of corporate finance issues ranging from econometric methodology to raising capital and capital structure choice. Other volumes examine corporate investment behavior and governance. Our three-volume survey captures the results of progress through a combination of large-sample data descriptions, informal hypothesis testing, as well as structural tests of theory. With researchers employing a wide spectrum of econometric techniques, institutional settings, and market structures in order to distill the central message in the data, these volumes represent an enormous effort in systematizing and analyzing the most important subjects in corporate finance.
Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions, Twelfth Edition presents the most current and comprehensive M&A information available. Organized according to the context in which topics normally occur in the M&A process, the book covers M&A environments, M&A processes, M&A valuation and modeling, deal structuring and financing strategies, and alternative business and restructuring strategies. Covering industries worldwide, this new edition illustrates the most germane strategies and tactics in today's marketplace.Covering relevant academic research published since 2021 make the 12th edition a balanced, comprehensive guide to the complex and dynamically changing world of M&A.
Navigating Decentralized Finance: From Blockchain to Crypto Assets and Tokenization provides an in-depth overview of how blockchain and digital assets drive financial economics with a truly global approach. This comprehensive textbook covers blockchain technologies, infrastructure, applications, and regulatory and legal aspects, offering both a quick introduction for beginners and numerous, practical case studies to engage advanced students and working professionals. Here, after discussing blockchain fundamentals, experts consider blockchain contracts, scalability, CBDCs, tokenization, stablecoins, NFTs, decentralized finance (DeFi), and the metaverse, among other topics, with applications explored across the financial world.Each chapter adopts a consistent structure and pedagogy accompanied by over 120 illustrations across the book, as well as a blockchain glossary. An instructor website includes a complete set of lecture slides supporting undergraduate, graduate, certificate, and faculty across the globe.
Commercial Banking: Distinct Value, Roles, and Methods is a thorough, applied, and accessible introduction to the modern theory and practice of financial intermediation as enabled by commercial banks. This textbook considers key issues in banking, regulation, coping with bank risk, competition amongst banks, global banking, careers in banking, and future directions. Throughout the book, emphasis is placed on differentiating between bank and non-bank financial firms, the impact of technology on banking, evolving regulatory environments, the economic importance of banking, and innovation in banking services.Perfect for undergraduate, graduate level, and professional courses in banking, bank management, and commercial banking, this book is reinforced with full-color figures, charts, tables, learning objectives, and key term definitions, as well as lecture slides hosted on an accompany instructor site to support teaching and understanding.
Handbook of Blockchain, Digital Finance, and Inclusion, Volume Three: Web3, AI, Privacy and Greentech presents the latest technological developments and innovations occurring in cryptocurrency. The book explores the hottest topics in this fast-moving area, emphasizing the financial opportunities made possible by cryptocurrencies, such as DePIN and decentralized finance while also presenting the theories and advances that have the potential to create additional opportunities in the convergence of blockchain with AI and privacy technology. Users will find this to be an important resource that bridges the gap between practical usability and academic perspective.This new volume continues the tradition of the first two, focusing on the latest trends, including Web3, Zero Knowledge Proof, Machine learning, Quantum Technologies, the Internet of Things in ESG, decentralized networks, digitalization, and more. It will serve as a valuable reference to an international audience that wants to learn not only about their own fields of specialization but also related fields.
International Financial Theory, Fourth Edition delivers an updated and thorough explanation, accessible to those new to the subject and without a deep background in advanced mathematics. The book is ideal for those with a background in economics, and for those looking for an accessible, yet rigorous introduction beyond basic MBA-level textbooks, but not as dense as highly technical Ph.D. presentations. This valuable text combines academic expertise and real-world experience from leading experts in the field, and has been fully updated, including supplemental, useful online resources.
Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data, Second Edition offers readers new ways to learn about subjects outside their specialties and provides authoritative background and tools for those whose primary source of information is journal articles. Encompassing currencies, payment methods, and computer communication protocols, digital currencies are growing in use and importance. The book's comprehensive view of the field covers history, technical, IT, finance, economics, legal, tax, and the regulatory environment. For those coming from different backgrounds with different questions in mind, this new edition is an essential starting point.