Strategic Asset Allocation

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Publisher : OUP Oxford
ISBN 13 : 019160691X
Total Pages : 272 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis Strategic Asset Allocation by : John Y. Campbell

Download or read book Strategic Asset Allocation written by John Y. Campbell and published by OUP Oxford. This book was released on 2002-01-03 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic finance has had a remarkable impact on many financial services. Yet long-term investors have received curiously little guidance from academic financial economists. Mean-variance analysis, developed almost fifty years ago, has provided a basic paradigm for portfolio choice. This approach usefully emphasizes the ability of diversification to reduce risk, but it ignores several critically important factors. Most notably, the analysis is static; it assumes that investors care only about risks to wealth one period ahead. However, many investors—-both individuals and institutions such as charitable foundations or universities—-seek to finance a stream of consumption over a long lifetime. In addition, mean-variance analysis treats financial wealth in isolation from income. Long-term investors typically receive a stream of income and use it, along with financial wealth, to support their consumption. At the theoretical level, it is well understood that the solution to a long-term portfolio choice problem can be very different from the solution to a short-term problem. Long-term investors care about intertemporal shocks to investment opportunities and labor income as well as shocks to wealth itself, and they may use financial assets to hedge their intertemporal risks. This should be important in practice because there is a great deal of empirical evidence that investment opportunities—-both interest rates and risk premia on bonds and stocks—-vary through time. Yet this insight has had little influence on investment practice because it is hard to solve for optimal portfolios in intertemporal models. This book seeks to develop the intertemporal approach into an empirical paradigm that can compete with the standard mean-variance analysis. The book shows that long-term inflation-indexed bonds are the riskless asset for long-term investors, it explains the conditions under which stocks are safer assets for long-term than for short-term investors, and it shows how labor income influences portfolio choice. These results shed new light on the rules of thumb used by financial planners. The book explains recent advances in both analytical and numerical methods, and shows how they can be used to understand the portfolio choice problems of long-term investors.

Stock Market Anomalies

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Author :
Publisher : CUP Archive
ISBN 13 : 9780521341042
Total Pages : 328 pages
Book Rating : 4.3/5 (41 download)

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Book Synopsis Stock Market Anomalies by : Elroy Dimson

Download or read book Stock Market Anomalies written by Elroy Dimson and published by CUP Archive. This book was released on 1988-03-17 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cyclical Behavior of the Term Structure of Interest Rates

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Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis The Cyclical Behavior of the Term Structure of Interest Rates by : Reuben A. Kessel

Download or read book The Cyclical Behavior of the Term Structure of Interest Rates written by Reuben A. Kessel and published by . This book was released on 1965 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A History of Corporate Governance around the World

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Publisher : University of Chicago Press
ISBN 13 : 0226536831
Total Pages : 700 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis A History of Corporate Governance around the World by : Randall K. Morck

Download or read book A History of Corporate Governance around the World written by Randall K. Morck and published by University of Chicago Press. This book was released on 2007-11-01 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

The World's Work

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Publisher :
ISBN 13 :
Total Pages : 844 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The World's Work by :

Download or read book The World's Work written by and published by . This book was released on 1925 with total page 844 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Problem of International Investment 1937

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Publisher : Routledge
ISBN 13 : 1136922938
Total Pages : 382 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis The Problem of International Investment 1937 by : Royal Institute of International Affairs

Download or read book The Problem of International Investment 1937 written by Royal Institute of International Affairs and published by Routledge. This book was released on 2019-06-21 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1937, this is a report by a study group of members of the Royal Institute of International Affairs and aims to fill a gap in the literature of international economics. It is an attempt, in the first place, to analyse objectively the conditions under which long-term capital may move between countries and to consider carefully the special factors in the world economy of to-day which tend to limit the extent to which such movements are possible or desirable. Secondly, the book contains a careful study of the post-war history of international investments which brings together facts and figures which are inaccessible to most students and businessmen.

Factor Investing and Asset Allocation: A Business Cycle Perspective

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Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960155
Total Pages : 192 pages
Book Rating : 4.9/5 (449 download)

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Book Synopsis Factor Investing and Asset Allocation: A Business Cycle Perspective by : Vasant Naik

Download or read book Factor Investing and Asset Allocation: A Business Cycle Perspective written by Vasant Naik and published by CFA Institute Research Foundation. This book was released on 2016-12-30 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investment Principles and Practices

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Publisher :
ISBN 13 :
Total Pages : 732 pages
Book Rating : 4.:/5 (32 download)

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Book Synopsis Investment Principles and Practices by : Ralph Eastman Badger

Download or read book Investment Principles and Practices written by Ralph Eastman Badger and published by . This book was released on 1961 with total page 732 pages. Available in PDF, EPUB and Kindle. Book excerpt: First ed. published in 1928 under title: Badger on investment principles and practices. Includes bibliography.

Endowment Asset Management

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Publisher : Oxford University Press, USA
ISBN 13 : 0199210918
Total Pages : 385 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Endowment Asset Management by : Shanta Acharya

Download or read book Endowment Asset Management written by Shanta Acharya and published by Oxford University Press, USA. This book was released on 2007-04-19 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique study focuses on how the endowment assets of Oxford and Cambridge colleges are invested. Despite their shared missions, each interprets its investment objective differently, often resulting in remarkably dissimilar strategies. This thought provoking study provides new insights for all investors with a long-term investment horizon.

The Current State of Quantitative Equity Investing

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Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960457
Total Pages : 75 pages
Book Rating : 4.9/5 (449 download)

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Book Synopsis The Current State of Quantitative Equity Investing by : Ying L. Becker

Download or read book The Current State of Quantitative Equity Investing written by Ying L. Becker and published by CFA Institute Research Foundation. This book was released on 2018-05-10 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitative equity management techniques are helping investors achieve more risk efficient and appropriate investment outcomes. Factor investing, vetted by decades of prior and current research, is growing quickly, particularly in in the form of smart-beta and ETF strategies. Dynamic factor-timing approaches, incorporating macroeconomic and investment conditions, are in the early stages but will likely thrive. A new generation of big data approaches are rendering quantitative equity analysis even more powerful and encompassing.

Growth and Empowerment

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Publisher : MIT Press
ISBN 13 : 0262264749
Total Pages : 501 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis Growth and Empowerment by : Nicholas Stern

Download or read book Growth and Empowerment written by Nicholas Stern and published by MIT Press. This book was released on 2006-08-11 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite significant gains in promoting economic growth and living conditions (or "human progress") globally over the last twenty-five years, much of the developing world remains plagued by poverty and its attendant problems, including high rates of child mortality, illiteracy, environmental degradation, and war. In Growth and Empowerment, Nicholas Stern, Jean-Jacques Dethier, and F. Halsey Rogers propose a new strategy for development. Drawing on many years of work in development economics—in academia, in the field, and at international institutions such as the World Bank—the authors base their strategy on two interrelated approaches: building a climate that encourages investment and growth and at the same time empowering poor people to participate in that growth. This plan differs from other models for development, including the dogmatic approach of market fundamentalism popular in the 1980s and 1990s. Stern, Dethier, and Rogers see economic development as a dynamic process of continuous change in which entrepreneurship, innovation, flexibility, and mobility are crucial components and the idea of empowerment, as both a goal and a driver of development, is central. The book points to the unique opportunity today—after 50 years of successes and failures, and with a growing body of analytical work to draw on—to pursue new development strategies in both research and action.

Investigation of Concentration of Economic Power

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Publisher :
ISBN 13 :
Total Pages : 102 pages
Book Rating : 4.:/5 (29 download)

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Book Synopsis Investigation of Concentration of Economic Power by : United States. Congress. House. Temporary National Economic Committee

Download or read book Investigation of Concentration of Economic Power written by United States. Congress. House. Temporary National Economic Committee and published by . This book was released on 1941 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Equity Risk Premium

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Publisher : Oxford University Press
ISBN 13 : 0199881979
Total Pages : 568 pages
Book Rating : 4.1/5 (998 download)

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Book Synopsis The Equity Risk Premium by : William N. Goetzmann

Download or read book The Equity Risk Premium written by William N. Goetzmann and published by Oxford University Press. This book was released on 2006-11-16 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the return to investing in the stock market? Can we predict future stock market returns? How have equities performed over the last two centuries? The authors in this volume are among the leading researchers in the study of these questions. This book draws upon their research on the stock market over the past two dozen years. It contains their major research articles on the equity risk premium and new contributions on measuring, forecasting, and timing stock market returns, together with new interpretive essays that explore critical issues and new research on the topic of stock market investing. This book is aimed at all readers interested in understanding the empirical basis for the equity risk premium. Through the analysis and interpretation of two scholars whose research contributions have been key factors in the modern debate over stock market perfomance, this volume engages the reader in many of the key issues of importance to investors. How large is the premium? Is history a reliable guide to predict future equity returns? Does the equity and cash flows of the market? Are global equity markets different from those in the United States? Do emerging markets offer higher or lower equity risk premia? The authors use the historical performance of the world's stock markets to address these issues.

France Investment and Business Guide Volume 1 Strategic and Practical Information

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Author :
Publisher : Lulu.com
ISBN 13 : 1438767587
Total Pages : 290 pages
Book Rating : 4.4/5 (387 download)

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Book Synopsis France Investment and Business Guide Volume 1 Strategic and Practical Information by : IBP USA

Download or read book France Investment and Business Guide Volume 1 Strategic and Practical Information written by IBP USA and published by Lulu.com. This book was released on 2013-08 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: France Investment and Business Guide - Strategic and Practical Information

The Annalist

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Publisher :
ISBN 13 :
Total Pages : 878 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Annalist by :

Download or read book The Annalist written by and published by . This book was released on 1923 with total page 878 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Century

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Publisher :
ISBN 13 :
Total Pages : 892 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Century by :

Download or read book The Century written by and published by . This book was released on 1925 with total page 892 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Ticker and Investment Digest

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Publisher :
ISBN 13 :
Total Pages : 938 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Ticker and Investment Digest by :

Download or read book Ticker and Investment Digest written by and published by . This book was released on 1917 with total page 938 pages. Available in PDF, EPUB and Kindle. Book excerpt: