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Elsevier

Books in Economics and finance

Our Economics and Finance titles are essential reading for students, scholars, policymakers, and market practitioners who want to stay up-to-date with the latest research and foundational topics in the field, from financial markets and trade to e-commerce, econometrics, quantiative investing, financial technology, financial engineering, global finance, corporate finance, law and economics, macro and microeconomics, and risk management.

Titles manage to balance quality of content with the increasing demand for a wider view of the vast array of topics in the field of Economics and Finance.

  • International Investments in Private Equity

    Asset Allocation, Markets, and Industry Structure
    • 1st Edition
    • Peter Klaus Cornelius
    • English
    How can private equity investors exploit investment opportunities in foreign markets? Peter Cornelius uses a proprietary database to investigate and describe private equity markets worldwide, revealing their levels of integration, their risks, and the ways that investors can mitigate those risks. In three major sections that concentrate on the risk and return profile of private equity, the growth dynamics of discrete markets and geographies, and opportunities for private equity investments, he offers hard-to-find analyses that fill knowledge gaps about foreign markets. Observing that despite the progressive dismantling of barriers investors are still home-biased, he demonstrates that a methodical approach to understanding foreign private equity markets can take advantage of the macroeconomic and structural factors that drive supply and demand dynamics in individual markets.

  • Handbook of Labor Economics, Volume 4A & B SET

    • 1st Edition
    • Volume 4
    • Orley Ashenfelter + 1 more
    • English
    What new tools and models can economists use to understand how individuals participate in labor markets?"Development... in Resarch Methods and Their Applications" (volume 4A) and "New Developments and Research on Labor Markets" (volume 4B) propose answers to this and other questions on important topics of public policy. By mixing conceptual models and empirical research, leading labor economists demonstrate how better data and advanced experiments help them apply economic theory, yielding sharper analyses and conclusions. Their chapters reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses.

  • Handbook of Monetary Economics 3A

    • 1st Edition
    • Volume 3A
    • English
    What tools are available for setting and analyzing monetary policy? World-renowned contributors examine recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship.

  • Handbook of Monetary Economics

    • 1st Edition
    • Volume 3B
    • Benjamin M. Friedman + 1 more
    • English
    What are the goals of monetary policy and how are they transmitted? Top scholars summarize recent evidence on the roles of money in the economy, the effects of information, and the growing importance of nonbank financial institutions. Their investigations lead to questions about standard presumptions about the rationality of asset markets and renewed interest in fiscal-monetary connections. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship.

  • Handbook of Social Economics SET: 1A, 1B

    • 1st Edition
    • Volume 1
    • Jess Benhabib + 2 more
    • English
    How can economists define and measure social preferences and interactions? Through the use of new economic data and tools, our contributors survey an array of social interactions and decisions that typify homo economicus. Identifying economic strains in activities such as learning, group formation, discrimination, and the creation of peer dynamics, they demonstrate how they tease out social preferences from the influences of culture, familial beliefs, religion, and other forces.

  • Handbook of Monetary Economics vols 3A+3B Set

    • 1st Edition
    • Volume 3
    • Benjamin M. Friedman + 1 more
    • English
    How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully at recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. They also reexamine standard presumptions about the rationality of asset markets and other fundamentals. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship.

  • Handbook of the Economics of Education

    • 1st Edition
    • Volume 3
    • Eric A. Hanushek + 2 more
    • English
    How does education affect economic and social outcomes, and how can it inform public policy?Volume 3 of the Handbooks in the Economics of Education uses newly available high quality data from around the world to address these and other core questions. With the help of new methodological approaches, contributors cover econometric methods and international test score data. They examine the determinants of educational outcomes and issues surrounding teacher salaries and licensure. And reflecting government demands for more evidence-based policies, they take new looks at institutional feaures of school systems. Volume editors Eric A. Hanushek (Stanford), Stephen Machin (University College London) and Ludger Woessmann (Ifo Institute for Economic Research, Munich) draw clear lines between newly emerging research on the economics of education and prior work. In conjunction with Volume 4, they measure our current understanding of educational acquisition and its economic and social effects.

  • Handbook of Labor Economics

    • 1st Edition
    • Volume 4A
    • Orley Ashenfelter + 1 more
    • English
    What new tools and models are enriching labor economics?Developmen... in Research Methods and their Application, Volume 4A summarizes recent advances in the ways economists study wages, employment, and labor markets. Mixing conceptual models and empirical work, contributors cover subjects as diverse as field and laboratory experiments, program evaluation, and behavioral models. The combinations of these improved empirical findings with new models reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses.

  • Handbook of Labor Economics

    • 1st Edition
    • Volume 4B
    • Orley Ashenfelter + 1 more
    • English
    What factors affect the ways individuals participate in labor markets?New Developments and Research on Labor Markets (volume 4B) proposes answers to this and other questions on important topics of public policy. Leading labor economists demonstrate how better data and advanced experiments help them apply economic theory, yielding sharper analyses and conclusions. The combinations of these improved empirical findings with new models enable the authors of these chapters to reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses.

  • Credit Engineering for Bankers

    A Practical Guide for Bank Lending
    • 2nd Edition
    • Morton Glantz + 1 more
    • English
    More efficient credit portfolio engineering can increase the decision-making power of bankers and boost the market value of their banks. By implementing robust risk management procedures, bankers can develop comprehensive views of obligors by integrating fundamental and market data into a portfolio framework that treats all instruments similarly. Banks that can implement strategies for uncovering credit risk investments with the highest return per unit of risk can confidently build their businesses. Through chapters on fundamental analysis and credit administration, authors Morton Glantz and Johnathan Mun teach readers how to improve their credit skills and develop logical decision-making processes. As readers acquire new abilities to calculate risks and evaluate portfolios, they learn how credit risk strategies and policies can affect and be affected by credit ratings and global exposure tracking systems. The result is a book that facilitates the discipline of market-oriented portfolio management in the face of unending changes in the financial industry.

  • Mergers and Acquisitions Basics

    All You Need To Know
    • 1st Edition
    • Donald DePamphilis
    • English
    In two volumes Don DePamphilis presents a high-level description of mergers & acquistions, from negotiating and deal structuring to building business alliances and restructuring corporations. Writtten for those who seek a broadly-based view of m&a, his books tread a middle ground between highly technical and dumbed-down descriptions of complex events. He concentrates on the processes and their players--investment bankers, business brokers, accountants, attorneys, tax experts, managers, investors, and others--and a dynamic series of actions with often-unforeseen implications.

  • Mergers and Acquisitions Basics

    All You Need To Know
    • 1st Edition
    • Donald DePamphilis
    • English
    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.

  • Mergers and Acquisitions Basics

    Negotiation and Deal Structuring
    • 1st Edition
    • Donald DePamphilis
    • English
    Negotiations form the heart of mergers and acquisitions efforts, for their conclusions contain both anticipated and unforeseen implications. Don DePamphilis presents a summary of negotiating and deal structuring that captures its dynamic process, showing readers how brokers, bankers, accountants, attorneys, tax experts, managers, investors, and others must work together and what happens when they don't. Writtten for those who seek a broadly-based view of M&A and understand their own roles in the process, this book treads a middle ground between highly technical and dumbed-down descriptions of complex events. It mixes theory with case studies so the text is current and useful. Unique and practical, this book can add hard-won insights to anybody's list of M&A titles..

  • Handbook of Social Choice and Welfare

    • 1st Edition
    • Volume 2
    • Kenneth J. Arrow + 2 more
    • English
    This second part of a two-volume set continues to describe economists' efforts to quantify the social decisions people necessarily make and the philosophies that those choices define. Contributors draw on lessons from philosophy, history, and other disciplines, but they ultimately use editor Kenneth Arrow's seminal work on social choice as a jumping-off point for discussing ways to incentivize, punish, and distribute goods.

  • Spanish Terminology for the Dental Team

    • 2nd Edition
    • Mosby
    • English
    An essential reference for every dental office, Mosby's Spanish Terminology for the Dental Team, 2nd Edition helps Spanish-speaking patients feel more at ease in your practice by helping you and your staff communicate in Spanish more effectively. Dental-specific terms and phonetic spellings help you translate each step of the dental experience, from initial contact through advanced procedures. Quick and easy to use, this pocket-sized resource also covers the new terminology related to hot topics and emerging trends such as implants, oral and maxillofacial surgery, and cosmetic dentistry. A companion website includes audio pronunciations and printable handouts for your Hispanic patients on topics including preventive care, orthodontics, and general caries procedures.

  • The Multi-Dimensions of Industrial Relations in the Asian Knowledge-Based Economies

    • 1st Edition
    • Sununta Siengthai + 3 more
    • English
    This collection of work by leading scholars investigates the impact of the globalization process on some selected Asian economies and societies. With particular focus on the role of institutional factors such as labour unions or workers’ associations, case studies are presented on labour-management relations at the workplace that have evolved to cope with globalization. The cases describe labour institutions in the society as a social force that acts as a catalyst for societal democracy and for industrial democracy at the workplace. These cases provide descriptions of the changes in the management’s stance and approaches towards labour unions in the selected countries as well as at the organizational level over the last three decades when much of the industrialization process has occurred in Asia.

  • Handbook of the Economics of Innovation Set

    • 1st Edition
    • Volume 0
    • Bronwyn H. Hall + 1 more
    • English
    Economists examine the genesis of technological change and the ways we commercialize and diffuse it. The economics of property rights and patents, in addition to industry applications, are also surveyed through literature reviews and predictions about fruitful research directions. - Two volumes, available as a set or sold separately

  • Handbook of the Economics of Innovation

    • 1st Edition
    • Volume 1
    • Bronwyn H. Hall + 1 more
    • English
    Economists examine the genesis of technological change and the ways we commercialize and diffuse it. The economics of property rights and patents, in addition to industry applications, are also surveyed through literature reviews and predictions about fruitful research directions. Two volumes, available as a set or sold separately

  • Modern Empirical Developments in Corporate Takeovers: SET

    • 1st Edition
    • Bjørn Espen Eckbo
    • English
    A selection of republished corporate finance articles and book chapters that can serve as an advanced corporate finance supplementary text for courses that use no textbooks. Combining convenience and an affordable price with retypeset pages and a high-quality index, these two 600-page paperback volumes will introduce students to modern scientific evidence about corporate takeovers. The quality of Elsevier’s holdings in these subjects is high enough and broad enough to cover important subjects in detail. With indexes and new introductions, these volumes will simplify and facilitate students’ interaction with new concepts and applications.

  • Bidding Strategies, Financing and Control

    Modern Empirical Developments
    • 1st Edition
    • Bjørn Espen Eckbo
    • English
    A selection of republished corporate finance articles and book chapters that can serve as an advanced corporate finance supplementary text for courses that use no textbooks. Combining convenience and an affordable price with retypeset pages and a high-quality index, the 600 pages of volume two, "Bidding Strategies, Financing, and Corporate Control", focus on a range of special topics, ranging from theories and evidence on strategic bidding behavior (offer premiums, toeholds, bidder competition, winner’s curse adjustments, and managerial overconfidence), issues arising when bidding for targets in bankruptcy auctions, effects of deal protection devices (termination agreements, poison pills), role of large shareholder voting in promoting takeover gains, deal financing issues (such as raising the cash used to pay for the target), managerial incentive effects of takeovers, governance spillovers from cross-border mergers, and returns to merger arbitrage. Including an index and new introduction, this volume will simplify and facilitate students’ interaction with new concepts and applications.

  • Takeover Activity, Valuation Estimates and Merger Gains

    Modern Empirical Developments
    • 1st Edition
    • Bjørn Espen Eckbo
    • English
    A selection of republished corporate finance articles and book chapters that can serve as an advanced corporate finance supplementary text for courses that use no textbooks. Combining convenience and an affordable price with retypeset pages and a high-quality index, the 600 pages of volume one, Takeover Activity, Valuation Estimates and Merger Gains, focus on classical issues such as the existence and source of merger waves, empirical estimates of takeover announcement returns and the division of takeover gains between bidders and targets, and tests for potential sources of takeover gains (primarily involving estimation of industry wealth effects of takeovers), introducing students to modern scientific evidence about corporate takeovers. Including an index and new introduction, this volume will simplify and facilitate students’ interaction with new concepts and applications.

  • Handbook of the Economics of Innovation

    • 1st Edition
    • Volume 2
    • Bronwyn H. Hall + 1 more
    • English
    How does technology advance? How can we best assimilate innovation? These questions and others are considered by experts on the theories and applications of technological innovations. Considering subjects as diverse as the diffusion of new technologies and their industrial applications, governmental policies, and manifestations of innovation in our institutions, history, and environment, our contributors map milestones in research and speculate about the roads ahead. Wasteful, inefficient, and frequently wrongheaded, the process of technological changes is here revealed as a describable, scientific force. Two volumes, available separately and as a set.

  • An Introduction to Investment Banks, Hedge Funds, and Private Equity

    • 1st Edition
    • David P. Stowell
    • English
    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.

  • An Introduction to Trading in the Financial Markets: Global Markets, Risk, Compliance, and Regulation

    • 1st Edition
    • R. Tee Williams
    • English
    Succeeding in the financial markets requires a mastery of many disciplines. Mastery begins with understanding the actors, rules, and dynamics and the ways in which they interact. This volume, the last of a 4-volume series, presents a broad perspective on key subjects such as regulation and compliance, risk and ways to mitigate it, and the directions in which trading markets might evolve. Like its predecessors, it presents alternative versions of the future: will the sell side or buy side come to dominate, for example, and how might new technologies shape global markets? Mastery of the financial markets begins with its authoritative, heavily illustrated presentation.

  • Electrical Codes, Standards, Recommended Practices and Regulations

    An Examination of Relevant Safety Considerations
    • 1st Edition
    • Robert J. Alonzo
    • English
    Electrical codes, standards, recommended practices and regulations can be complex subjects, yet are essential in both electrical design and life safety issues.This book demystifies their usage.It is a handbook of codes, standards, recommended practices and regulations in the United States involving electrical safety and design. Many engineers and electrical safety professionals may not be aware of all of those documents and their applicability. This book identifies those documents by category, allowing the ready and easy access to the relevant requirements. Because these documents may be updated on a regular basis, this book was written so that its information is not reliant on the latest edition or release of those codes, standards, recommended practices or regulations.No single document on the market today attempts to not only list the majority of relevant electrical design and safety codes, standards, recommended practices and regulations, but also explain their use and updating cycles. This book, one-stop-information... for electrical engineers, electrical safety professionals, and designers, does.

  • Private Equity and Venture Capital in Europe

    Markets, Techniques, and Deals
    • 1st Edition
    • Stefano Caselli
    • English
    The distinctive nature of the European pe/vc environment is on display in Stefano Caselli’s presentation of its complete conceptual framework, from the volatile (its financial side) to the stable (its legal organization). A Bocconi University professor, Caselli offers a European perspective on market fundamentals, the v.c. cycle, and valuation issues, supporting his observations with recent examples and case studies. Written for investors, his book achieves many "firsts," such as clarifying many aspects of EU and UK financial institutions. Complete with finding aids, keywords, exercises, and an extensive glossary, Private Equity and Venture Capital in Europe is written not just for Europeans, but for everybody who needs to know about this growing market.

  • On the Development of China's Information Technology Industry

    • 1st Edition
    • Jiang Zemin
    • English
    In the early 1980’s, Jiang Zemin, then Minister of Electronics Ministry of China, assessed the IT industry as ‘the strategic high ground in international competition.’ He "perceived the discrepancy between China’s level and the world's advanced level was so great that we had to do our utmost to catch up." Since then through numerous articles and frequent speeches he has drawn up a detailed technological and policy roadmap for doing exactly that. This volume collects over 25 pieces written over more than 20 years. It demonstrates the former president of China’s authority and insight into the development of China’s IT industry since the introduction of reforms, and the cutting-edge issues experienced throughout the global IT industry. Jiang’s ambitious goal is the transformation of China into a leader in the global IT industry by 2020. This volume offers IT industry analysts, China watchers, policy makers and advisors, IT researchers, and investors a singular and authoritative view on how China should get there.

  • Handbook of Development Economics

    • 1st Edition
    • Volume 5
    • Dani Rodrick + 1 more
    • English
    What guidance does academic research really provide to economic policy development? The critical and analytical surveys in this volume investigate links between policies and outcomes by surveying work from broad macroeconomic policies to interventions in microfinance. Asserting that there are no universal correspondences between policies and outcomes, contributors demonstrate instead that only an intense familiarity with the development context and the universe of applicable economic models can generate successful policies. Getting cause-and-effect right is essential for policy design and implementation. With the goal of drawing researchers and policy makers closer, this volume highlights our increasing understanding of ways to combine economic theorizing with careful, thoughtful empirical work.

  • The Sortino Framework for Constructing Portfolios

    Focusing on Desired Target Returnâ„¢ to Optimize Upside Potential Relative to Downside Risk
    • 1st Edition
    • Frank A. Sortino
    • English
    The most common way of constructing portfolios is to use traditional asset allocation strategies, which match the client’s risk appetite to a weighted allocation strategy of fixed income, equities, and other types of assets. This method focuses on how the money is allocated, rather than on future returns.The Sortino method presents an innovative change from this traditional approach. Rather than using the client’s risk as the main factor, this method uses the client’s desired return.

  • Global Bank Regulation

    Principles and Policies
    • 1st Edition
    • Heidi Mandanis Schooner + 1 more
    • English
    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.

  • Handbook of Financial Econometrics Set

    • 1st Edition
    • Yacine Ait-Sahalia + 1 more
    • English
    Vol 1 covers fundamental econometric techniques and tools on recent advances in financial econometrics. Parametric and nonparametric, in continuous time and discrete time, these techniques and tools include Markov processes, a system for categorizing volatility concepts, a simulated method of moments indicator, and models for the timing of events. Together they reveal the ways that local characterizations can lead to long-run implications and how relationships between observed and unobserved values can be inferred. Vol 2 covers important research even as they make unique empirical contributions to the literature. These subjects are familiar: portfolio choice, trading volume, the risk-return tradeoff, option pricing, bond yields, and the management, supervision, and measurement of extreme and infrequent risks. Yet their treatments are exceptional, drawing on current data and evidence to reflect recent events and scholarship.

  • Optimizing Optimization

    The Next Generation of Optimization Applications and Theory
    • 1st Edition
    • Stephen Satchell
    • English
    The practical aspects of optimization rarely receive global, balanced examinations. Stephen Satchell’s nuanced assembly of technical presentations about optimization packages (by their developers) and about current optimization practice and theory (by academic researchers) makes available highly practical solutions to our post-liquidity bubble environment. The commercial chapters emphasize algorithmic elements without becoming sales pitches, and the academic chapters create context and explore development opportunities. Together they offer an incisive perspective that stretches toward new products, new techniques, and new answers in quantitative finance.

  • Renewable Energy Systems

    The Choice and Modeling of 100% Renewable Solutions
    • 1st Edition
    • Henrik Lund
    • English
    How can society quickly convert to renewable energy? Can worldwide energy needs ever be met through 100% renewable sources? The answers to these questions rest largely on the perception of choice in the energy arena. It is of pivotal importance that engineers, researchers and policymakers understand what choices are available, and reasonable, when considering the design and deployment of new energy systems. The mission of this new book, written by one of the world's foremost experts in renewable power, is to arm these professionals with the tools and methodologies necessary to make smart choices when implementing renewable energy systems.

  • Handbook of Financial Econometrics

    Tools and Techniques
    • 1st Edition
    • Volume 1
    • Yacine Ait-Sahalia + 1 more
    • English
    This collection of original articles—8 years in the making—shines a bright light on recent advances in financial econometrics. From a survey of mathematical and statistical tools for understanding nonlinear Markov processes to an exploration of the time-series evolution of the risk-return tradeoff for stock market investment, noted scholars Yacine Aït-Sahalia and Lars Peter Hansen benchmark the current state of knowledge while contributors build a framework for its growth. Whether in the presence of statistical uncertainty or the proven advantages and limitations of value at risk models, readers will discover that they can set few constraints on the value of this long-awaited volume.

  • Handbook of Agricultural Economics

    • 1st Edition
    • Volume 4
    • Robert E. Evenson + 1 more
    • English
    Advances in agriculture offer many countries the best and only chance of reducing poverty. Yet economic growth and population increases are driving higher demand for food and rising real prices. What solutions have successfully promoted agriculture? This volume examines national and international food agriculture policies and how they enhance agricultural productivity growth. It provides unique historical reviews on policies and their effects, and it clearly articulates both positive and negative lessons for promoting agriculture lead growth. With chapters written by international authorities, this book recognizes that agriculture is not just about providing food for today, but about growing it in an environmentally sustainable way that can help people work their ways out of poverty.Chapters cover international macro-economic policies and trade, farm structure in developing countries, regional experiences in agriculture, and regional studies on agricultural productivity policies.

  • Handbook of Financial Econometrics

    Applications
    • 1st Edition
    • Volume 2
    • Yacine Ait-Sahalia + 1 more
    • English
    Applied financial econometrics subjects are featured in this second volume, with papers that survey important research even as they make unique empirical contributions to the literature. These subjects are familiar: portfolio choice, trading volume, the risk-return tradeoff, option pricing, bond yields, and the management, supervision, and measurement of extreme and infrequent risks. Yet their treatments are exceptional, drawing on current data and evidence to reflect recent events and scholarship. A landmark in its coverage, this volume should propel financial econometric research for years.

  • Mergers, Acquisitions, and Other Restructuring Activities

    An Integrated Approach to Process, Tools, Cases, and Solutions
    • 5th Edition
    • Donald DePamphilis
    • English
    In the fifth edition of this well-known text, Dr. DePamphilis explains the real world of mergers, acquisitions, and restructuring based on his academic knowledge and personal experiences with over 30 such deals himself. Important enhancements unique to the fifth edition: all 99 cases involve real-life deals made or announced within the last five years, extensive discussions of all current valuation techniques and their strengths and weaknesses, cross-border transactions analyzed and explained in detail, tax and legal issues covered comprehensively.

  • Auction Theory

    • 2nd Edition
    • Vijay Krishna
    • English
    Auction Theory, Second Edition 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.

  • Next Generation Datacenters in Financial Services

    Driving Extreme Efficiency and Effective Cost Savings
    • 1st Edition
    • Tony Bishop
    • English
    Financial markets are witnessing an unprecedented explosion in the availability of data, and the firms that survive will be able to leverage this information to increase their profit and expand their opportunities in a global world. Large firms must build their own datacenters to manage this data. In such an environment, the CIO’s ability is crucial to lead an effective data strategy to capture, process, and connect data to all the relevant lines of business. At the core of this strategy lies the datacenter – the repository of all information. While there are books that discuss the mechanics, hardware and technicalities of datacenters, no book has yet made the connection between enterprise strategy and datacenter investment, design and management. Next Generation DataCenters in Financial Services is a solution driven book for management that demonstrates how to leverage technology to manage the seemingly infinite amount of data available today. Each chapter offers cutting-edge management and technology solutions to effectively manage data through datacenters.

  • Collectible Investments for the High Net Worth Investor

    • 1st Edition
    • Stephen Satchell
    • English
    Many high net worth individuals are interested in diversifying their portfolios and investing in collectibles. A collectible is any physical asset that appreciates in value over time because it is rare or desired by many. Stamps, coins, fine art, antiques, books, and wine are examples of collectibles. Where does the financial advisor or investment manager for these high net worth individuals go to learn about these investments? There is no comprehensive resource from the financial standpoint--until now. Dr Stephen Satchell of Trinity College, Cambridge, has developed a book in which experts in various types of collectibles analyze the financial aspects of investing in these collectibles. Chapters address issues such as: liquidity challenges, tax ramifications, appreciation timelines, the challenge of forecasting and measuring appreciation, and the psychological component of collecting and the role of emotion in collectible investing.

  • Health Systems Policy, Finance, and Organization

    • 1st Edition
    • Guy Carrin + 3 more
    • English
    This volume is unique in its systematic approach to these three pillars of health systems analysis will give readers of various backgrounds authoritative material about subjects adjacent to their own specialties. Assembling such comparative materials is usually an onerous task because so many programs possess their own vocabularies, goals, and methods. This book will provide common grounds for people in programs as diverse as economics and finance, allied health, business and management, and the social sciences, including psychology.

  • Wto Accession and Socio-Economic Development in China

    • 1st Edition
    • Parikshit Basu + 1 more
    • English
    This book reviews how China’s accession to the WTO has impacted upon its education, environment, economic and social outcomes in recent years. It has been argued that China’s rapid growth in output and exports and subsequent accession to WTO has significantly increased income and therefore the well-being of the Chinese population. However, doubts are now being raised that higher income is generated at the cost of deteriorating environmental and social standards which has increasingly affected the health of the Chinese people, especially those who live in major industrial cities. Also, there is a widespread perception that its accession to WTO has significantly increased social shocks, especially among the farming community, and contributed to poor health outcomes among the rural population. These issues are critically analysed in this book by experienced academics from China and Australia.

  • Electronic Exchanges

    The Global Transformation from Pits to Bits
    • 1st Edition
    • Michael Gorham + 1 more
    • English
    Anyone reading the business section of a newspaper lately knows that the financial exchanges--stock, bonds, FX, commodities, and so forth--are undergoing tremendous transformations. Fund managers, market makers, traders, exchange professionals, marekt data providers and analyzers, investors--anyone involved with the financial exchanges needs to understand the major forces pushing this transformation in order to position themselves and their institutions to the best advantage.In this book, veteran exchange expert Michael Gorham joins his twenty-five years of experience with CME and CBOT to the technical expertise of Nidhi Singh of Goldman Sachs to write a book that tells the story of this dramatic transformation. They chronicle the shift:--from floors to screens--from private clubs to public companies, and--from local and national to global competition.They analyze each of these shifts, identify the drivers behind them and look forward to the implications arising out of them for exchange business in the future. They also explore several key trends:--an increase in product innovation--the integration of markets from all over the world onto a single screen,--the rise of the modular exchange--the outsourcing of various exchange functions, and--the difficulty of transcending geography for regulatory purposes.So join Gorham and Singh in learning the story of this fundamental transformation. As old ways of working are being destroyed, entirely new types of jobs are being created, and new ways of working with exchanges. This book will help you chart the way forward to financial success.

  • Economic Capital

    How It Works, and What Every Manager Needs to Know
    • 1st Edition
    • Pieter Klaassen + 1 more
    • English
    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.

  • Implementation of Changes in Chinese Organizations

    Groping a Way Through the Darkness
    • 1st Edition
    • Ruth Alas
    • English
    There are no commonly accepted theories of change that have been developed for China or countries in transition. This book is an attempt to bridge that gap and provide a model which takes into account the specifics of organizational changes in Chinese organizations. It looks at various aspects of change implementation in Chinese organizations, including the types, the process, the readiness to change, and ethical issues.

  • Venture Capital and Private Equity Contracting

    An International Perspective
    • 1st Edition
    • Douglas J. Cumming + 1 more
    • English
    Other books present corporate finance approaches to the VC/PE industry, but many key decisions require an understanding of the ways that law and economics work together. Venture Capital and Private Equity Contracting is better than straight corporate finance textbooks because it offers broad perspectives and principles that enable readers to deduce the economic implications of specific contract terms. This approach avoids the common pitfalls of implying that contractual terms apply equally to firms in any industry anywhere in the world.

  • Handbook of Financial Markets: Dynamics and Evolution

    • 1st Edition
    • Thorsten Hens + 1 more
    • English
    The models of portfolio selection and asset price dynamics in this volume seek to explain the market dynamics of asset prices. Presenting a range of analytical, empirical, and numerical techniques as well as several different modeling approaches, the authors depict the state of debate on the market selection hypothesis. By explicitly assuming the heterogeneity of investors, they present models that are descriptive and normative as well, making the volume useful for both finance theorists and financial practitioners.

  • Handbook of Econometrics

    • 1st Edition
    • Volume 6
    • James J. Heckman + 1 more
    • English

  • South Korea

    Challenging Globalisation and the Post-Crisis Reforms
    • 1st Edition
    • Young-Chan Kim + 2 more
    • English
    South Korea: Challenging globalisation and the post-crisis reforms examines the major economic issues flowing from the Korean financial crisis of 1997 and covers such issues as industrial relations, macroeconomic sectors, the role of administrations, and corporates’ globalisation process by over-expanded foreign direct investment. The chapters contained in this book are written by a wide variety of contributors, including a former government technocrat, president’s advisory board member, plus leading Korean economy specialists.

  • Rating Based Modeling of Credit Risk

    Theory and Application of Migration Matrices
    • 1st Edition
    • Stefan Trueck + 1 more
    • English
    In the last decade rating-based models have become very popular in credit risk management. These systems use the rating of a company as the decisive variable to evaluate the default risk of a bond or loan. The popularity is due to the straightforwardness of the approach, and to the upcoming new capital accord (Basel II), which allows banks to base their capital requirements on internal as well as external rating systems. Because of this, sophisticated credit risk models are being developed or demanded by banks to assess the risk of their credit portfolio better by recognizing the different underlying sources of risk. As a consequence, not only default probabilities for certain rating categories but also the probabilities of moving from one rating state to another are important issues in such models for risk management and pricing. It is widely accepted that rating migrations and default probabilities show significant variations through time due to macroeconomics conditions or the business cycle. These changes in migration behavior may have a substantial impact on the value-at-risk (VAR) of a credit portfolio or the prices of credit derivatives such as collateralized debt obligations (D+CDOs). In Rating Based Modeling of Credit Risk the authors develop a much more sophisticated analysis of migration behavior. Their contribution of more sophisticated techniques to measure and forecast changes in migration behavior as well as determining adequate estimators for transition matrices is a major contribution to rating based credit modeling.

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