Sustainable Asset Accumulation And Dynamic Portfolio Decisions

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Sustainable Asset Accumulation and Dynamic Portfolio Decisions

Author : Carl Chiarella
Publisher : Springer
ISBN 13 : 3662492296
Total Pages : 203 pages
Book Rating : 4.6/5 (624 download)

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Book Synopsis Sustainable Asset Accumulation and Dynamic Portfolio Decisions by : Carl Chiarella

Download or read book Sustainable Asset Accumulation and Dynamic Portfolio Decisions written by Carl Chiarella and published by Springer. This book was released on 2016-09-01 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines sustainable wealth formation and dynamic decision-making. The global economy experienced a veritable meltdown of asset markets in the years 2007-9, where many funds were overexposed to risky returns and suffered considerable losses. On the other hand, the long-term upswing in the stock market since 2010 has led to asset price booms and some new, but also uneven, wealth formation. In this book a broader set of constraints and guidelines for asset management and wealth accumulation is developed. The authors investigate how wealth formation and the proper management of financial funds can help to adequately buffer income risk and obtain sufficient risk-free income at a later stage of life, while also being socially and environmentally sustainable. The book explores behavioral and institutional rules for decision-making that reflect such constraints and guidelines, without necessarily being optimal in the narrow sense. The authors explain the need for such a dynamic decision-making and dynamic re-balancing of portfolios, by putting forward dynamic programming as an approach to dynamic decision-making that can allow sustainable wealth accumulation and dynamic asset allocation to be successfully integrated. This book provides a clear and comprehensive treatment of asset accumulation and dynamic portfolio models with an emphasis on long term and sustainable wealth formation. An important concern in public debate is the sustainability of our economy and this book employs cutting edge quantitative techniques and models to highlight important facts that cannot be disputed under any reasonable assumptions. It has the potential to become a standard reference for both academic researchers and quantitatively trained practitioners. Eckhard Platen, Professor of Quantitative Finance, University of Technology Sydney, Australia This book should be read by both academics and practitioners alike. The former will find intellectually rigorous discussions and innovative solutions. The latter may find a few of the concepts a bit challenging. Yet, theory and technology are there to help simplify the work of those who worry about what time it is rather than how to make a watch--- but they do need a watch. Jean Brunel, Founder of Brunel Associates and Editor of The Journal of Wealth Management

Sustainable Macroeconomics, Climate Risks and Energy Transitions

Author : Unurjargal Nyambuu
Publisher : Springer Nature
ISBN 13 : 3031279824
Total Pages : 204 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Sustainable Macroeconomics, Climate Risks and Energy Transitions by : Unurjargal Nyambuu

Download or read book Sustainable Macroeconomics, Climate Risks and Energy Transitions written by Unurjargal Nyambuu and published by Springer Nature. This book was released on 2023-05-30 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the industrialized world’s historical dependence on fossil fuel-based energy resources and the now-realized perils of moving beyond the earth’s carbon budget, this book explores the myriad challenges of climate change and in reaching a low-carbon economy. Reconciling the medium-term competing, yet frequently complementary, needs for transition policies, the book provides guidelines for complex and often conflicting climate policy tasks. The book presents empirical trends in the use of carbon-emitting resources and evaluates market-driven short-termism and its adverse impact on resource use and the environment; it emphasizes a medium-term macroeconomic perspective for the transition. The authors attempt a paradigm shift towards a framework of sustainable macroeconomics. They survey relevant historical models, conduct empirical and numerical analyses of the climate change-relevant dynamic models, provide empirical illustrations, and evaluate diverse policy options and implementations together with their historical evolution. New analytical issues are also considered, e.g., strategic behavior in the energy and resource sectors, energy competition and the dynamics of market shares in new energy technology, and supporting policies for dealing with the tipping points encountered in climate change. The authors suggest a multitude of market-based strategies and public fiscal, monetary, and financial policies, and longer-run planning for resource extraction -all suitable for driving sustainable growth and a transformation of the energy sector. The book also examines the multiple delaying forces slowing the transition to a low-carbon economy; these typically arise from short-termism, lock-ins, irreversibility, leakages, non-cooperative games, and other political strategies. Thus, they explain the snail’s pace evolution of current national and global climate policies. The book will appeal to scholars and students of economics and environmental science. It is also relevant for policymakers and practitioners in multilateral institutions, research institutions as well as governments and ministries of countries interested in alternative energy sources, climate economists, and those who study the implementation of sustainable and low carbon-based policies.

Adaptive Asset Allocation

Author : Adam Butler
Publisher : John Wiley & Sons
ISBN 13 : 1119220378
Total Pages : 209 pages
Book Rating : 4.1/5 (192 download)

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Book Synopsis Adaptive Asset Allocation by : Adam Butler

Download or read book Adaptive Asset Allocation written by Adam Butler and published by John Wiley & Sons. This book was released on 2016-02-02 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Build an agile, responsive portfolio with a new approach to global asset allocation Adaptive Asset Allocation is a no-nonsense how-to guide for dynamic portfolio management. Written by the team behind Gestaltu.com, this book walks you through a uniquely objective and unbiased investment philosophy and provides clear guidelines for execution. From foundational concepts and timing to forecasting and portfolio optimization, this book shares insightful perspective on portfolio adaptation that can improve any investment strategy. Accessible explanations of both classical and contemporary research support the methodologies presented, bolstered by the authors' own capstone case study showing the direct impact of this approach on the individual investor. Financial advisors are competing in an increasingly commoditized environment, with the added burden of two substantial bear markets in the last 15 years. This book presents a framework that addresses the major challenges both advisors and investors face, emphasizing the importance of an agile, globally-diversified portfolio. Drill down to the most important concepts in wealth management Optimize portfolio performance with careful timing of savings and withdrawals Forecast returns 80% more accurately than assuming long-term averages Adopt an investment framework for stability, growth, and maximum income An optimized portfolio must be structured in a way that allows quick response to changes in asset class risks and relationships, and the flexibility to continually adapt to market changes. To execute such an ambitious strategy, it is essential to have a strong grasp of foundational wealth management concepts, a reliable system of forecasting, and a clear understanding of the merits of individual investment methods. Adaptive Asset Allocation provides critical background information alongside a streamlined framework for improving portfolio performance.

Multiplicity of Time Scales in Complex Systems

Author : Bernhelm Booss
Publisher : Springer Nature
ISBN 13 : 3031451058
Total Pages : 514 pages
Book Rating : 4.0/5 (314 download)

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Book Synopsis Multiplicity of Time Scales in Complex Systems by : Bernhelm Booss

Download or read book Multiplicity of Time Scales in Complex Systems written by Bernhelm Booss and published by Springer Nature. This book was released on 2024 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zusammenfassung: This highly interdisciplinary volume brings together a carefully curated set of case studies examining complex systems with multiple time scales (MTS) across a variety of fields: materials science, epidemiology, cell physiology, mathematics, climatology, energy transition planning, ecology, economics, sociology, history, and cultural studies. The book addresses the vast diversity of interacting processes underlying the behaviour of different complex systems, highlighting the multiplicity of characteristic time scales that are a common feature of many and showcases a rich variety of methodologies across disciplinary boundaries. Self-organizing, out-of-equilibrium, ever-evolving systems are ubiquitous in the natural and social world. Examples include the climate, ecosystems, living cells, epidemics, the human brain, and many socio-economic systems across history. Their dynamical behaviour poses great challenges in the pressing context of the climate crisis, since they may involve nonlinearities, feedback loops, and the emergence of spatial-temporal patterns, portrayed by resilience or instability, plasticity or rigidity; bifurcations, thresholds and tipping points; burst-in excitation or slow relaxation, and worlds of other asymptotic behaviour, hysteresis, and resistance to change. Chapters can be read individually by the reader with special interest in such behaviours of particular complex systems or in specific disciplinary perspectives. Read together, however, the case studies, opinion pieces, and meta-studies on MTS systems presented and analysed here combine to give the reader insights that are more than the sum of the book's individual chapters, as surprising similarities become apparent in seemingly disparate and unconnected systems. MTS systems call into question naïve perceptions of time and complexity, moving beyond conventional ways of description, analysis, understanding, modelling, numerical prediction, and prescription of the world around us. This edited collection presents new ways of forecasting, introduces new means of control, and - perhaps as the most demanding task - it singles out a sustainable description of an MTS system under observation, offering a more nuanced interpretation of the floods of quantitative data and images made available by high- and low-frequency measurement tools in our unprecedented era of information flows

Inequality and Finance in Macrodynamics

Author : Bettina Bökemeier
Publisher : Springer
ISBN 13 : 3319546902
Total Pages : 270 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Inequality and Finance in Macrodynamics by : Bettina Bökemeier

Download or read book Inequality and Finance in Macrodynamics written by Bettina Bökemeier and published by Springer. This book was released on 2017-04-26 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contributed volume combines approaches of the current inequality debate with aspects of finance based on profound macroeconomic model analyses. Research on inequality has had a long tradition in economics. With the financial crisis from 2007, not only output decreased tremendously, but also inequality has risen since then. The book presents selected contributions of a workshop held at Bielefeld University in 2016 and features additional papers written by experts in the field. A mixture of established researchers and young scholars presents both theoretical and empirical frameworks to analyze the subject.

Dynamic Economic Problems with Regime Switches

Author : Josef L. Haunschmied
Publisher : Springer Nature
ISBN 13 : 3030545768
Total Pages : 317 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Dynamic Economic Problems with Regime Switches by : Josef L. Haunschmied

Download or read book Dynamic Economic Problems with Regime Switches written by Josef L. Haunschmied and published by Springer Nature. This book was released on 2020-11-07 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the state of the art in the relatively new field of dynamic economic modelling with regime switches. The contributions, written by prominent scholars in the field, focus on dynamic decision problems with regime changes in underlying dynamics or objectives. Such changes can be externally driven or internally induced by decisions. Utilising the most advanced mathematical methods in optimal control and dynamic game theory, the authors address a broad range of topics, including capital accumulation, innovations, financial decisions, population economics, environmental and resource economics, institutional change and the dynamics of addiction. Given its scope, the book will appeal to all scholars interested in mathematical and quantitative economics.

Strategic Asset Allocation

Author : John Y. Campbell
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.

Sustainable Asset Management

Author : Roopchan Lutchman
Publisher : DEStech Publications, Inc
ISBN 13 : 1932078479
Total Pages : 269 pages
Book Rating : 4.9/5 (32 download)

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Book Synopsis Sustainable Asset Management by : Roopchan Lutchman

Download or read book Sustainable Asset Management written by Roopchan Lutchman and published by DEStech Publications, Inc. This book was released on 2006 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents ways of maintaining and improving assets in utilities and manufacturing environments.

Dynamic Portfolio Theory and Management

Author : Richard E. Oberuc
Publisher :
ISBN 13 : 9780071590075
Total Pages : 336 pages
Book Rating : 4.5/5 (9 download)

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Book Synopsis Dynamic Portfolio Theory and Management by : Richard E. Oberuc

Download or read book Dynamic Portfolio Theory and Management written by Richard E. Oberuc and published by . This book was released on 2003-09-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Management Excellence: Strategies for Sustainable Growth

Author : Dr Nidhi Srivastava
Publisher : Inkbound Publishers
ISBN 13 : 8196822316
Total Pages : 548 pages
Book Rating : 4.1/5 (968 download)

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Book Synopsis Financial Management Excellence: Strategies for Sustainable Growth by : Dr Nidhi Srivastava

Download or read book Financial Management Excellence: Strategies for Sustainable Growth written by Dr Nidhi Srivastava and published by Inkbound Publishers. This book was released on 2022-10-08 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Achieve sustainable growth with excellence in financial management. This book covers essential strategies and practices for managing finances effectively, making it a valuable resource for financial professionals and business leaders.

Sustainability of External Imbalances

Author : Angélique Herzberg
Publisher : Springer
ISBN 13 : 3658070919
Total Pages : 336 pages
Book Rating : 4.6/5 (58 download)

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Book Synopsis Sustainability of External Imbalances by : Angélique Herzberg

Download or read book Sustainability of External Imbalances written by Angélique Herzberg and published by Springer. This book was released on 2014-08-28 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the mid-1990s, sustainability of large and persistent current account positions have been attracting much attention from policy makers and economists alike. Alongside global imbalances, sustainability of imbalances within the euro area, which started widening shortly after the introduction of the euro, raised much concern. While there exists a large body of theoretical and empirical literature on sustainability of external imbalances, a systematic survey has been lacking so far. Angélique Herzberg fills this gap by examining a broad range of established sustainability measures concerning their applicability to the various global and intra-euro imbalances of the recent past. Furthermore, the author examines the existence of feedback effects from an economy ́s net international investment position to its trade balance.

Managing Investment Portfolios

Author : Donald L. Tuttle
Publisher :
ISBN 13 :
Total Pages : 752 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Managing Investment Portfolios by : Donald L. Tuttle

Download or read book Managing Investment Portfolios written by Donald L. Tuttle and published by . This book was released on 1983 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kept up to date by update volumes. Includes bibliographies and index.

Dynamic Asset Allocation

Author : James Picerno
Publisher : Bloomberg Press
ISBN 13 : 9781576603598
Total Pages : 256 pages
Book Rating : 4.6/5 (35 download)

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Book Synopsis Dynamic Asset Allocation by : James Picerno

Download or read book Dynamic Asset Allocation written by James Picerno and published by Bloomberg Press. This book was released on 2010-02-17 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s modern portfolio theory is not your father’s MPT. It has undergone many changes in the past fifty years. Indeed, a new understanding of MPT has emerged, one that has a significant impact on managing asset allocation—especially in today’s turbulent markets. Dynamic Asset Allocation interprets and integrates the developments in modern portfolio theory: from the efficient-market hypothesis and indexing of decades past to strategies for building winning portfolios today. The book is filled with practical, hands-on advice for investors, including guidance on approaching investment as a risk-management task.

Advances in Active Portfolio Management: New Developments in Quantitative Investing

Author : Richard C. Grinold
Publisher : McGraw Hill Professional
ISBN 13 : 1260453723
Total Pages : 666 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Advances in Active Portfolio Management: New Developments in Quantitative Investing by : Richard C. Grinold

Download or read book Advances in Active Portfolio Management: New Developments in Quantitative Investing written by Richard C. Grinold and published by McGraw Hill Professional. This book was released on 2019-09-13 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the leading authorities in their field—the newest, most effective tools for avoiding common pitfalls while maximizing profits through active portfolio management Whether you’re a portfolio manager, financial adviser, or investing novice, this important follow-up to the classic guide to active portfolio management delivers everything you need to beat the market at every turn. Advances in Active Portfolio Management gets you fully up to date on the issues, trends, and challenges in the world of active management—and shows how to apply advances in the Grinold and Kahn’s legendary approach to meet current challenges. Composed of articles published in today’s leading management publications—including several that won Journal of Portfolio Management’s prestigious Bernstein Fabozzi/Jacobs Levy Award—this comprehensive guide is filled with new insights into: • Dynamic Portfolio Management • Signal Weighting • Implementation Efficiency • Holdings-based attribution • Expected returns • Risk management • Portfolio construction • Fees Providing everything you need to master active portfolio management in today’s investing landscape, the book is organized into three sections: the fundamentals of successful active management, advancing the authors’ framework, and applying the framework in today’s investing landscape. The culmination of many decades of investing experience and research, Advances in Active Portfolio Managementmakes complex issues easy to understand and put into practice. It’s the one-stop resource you need to succeed in the world of investing today.

Handbook of Sustainable Politics and Economics of Natural Resources

Author : Tsani, Stella
Publisher : Edward Elgar Publishing
ISBN 13 : 1789908779
Total Pages : 432 pages
Book Rating : 4.7/5 (899 download)

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Book Synopsis Handbook of Sustainable Politics and Economics of Natural Resources by : Tsani, Stella

Download or read book Handbook of Sustainable Politics and Economics of Natural Resources written by Tsani, Stella and published by Edward Elgar Publishing. This book was released on 2021-12-10 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely Handbook draws together insightful analyses of natural resource management challenges and solutions in the face of sustainable development targets and a changing global climate.

Green Bonds and Sustainable Finance

Author : Muhammad Saeed Meo
Publisher : Taylor & Francis
ISBN 13 : 1040096867
Total Pages : 185 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Green Bonds and Sustainable Finance by : Muhammad Saeed Meo

Download or read book Green Bonds and Sustainable Finance written by Muhammad Saeed Meo and published by Taylor & Francis. This book was released on 2024-08-01 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces green bonds and their significance in portfolio management and sustainable finance. It emphasizes the significance of green bonds in terms of two primary factors: environmental sustainability and investor return. The book establishes the definitions, features, and typology of green bonds, and explains the characteristics that separate it from traditional ones. It delves into the benefits and challenges of investing in these financial instruments, and outlines the process by which green bonds are certified, focusing on the widely accepted Climate Bonds Standard. It also covers transparency, reporting, and monitoring measurements of green bonds. In its second section, the book focuses on investor and policy perspectives. The authors discuss asset allocation strategies for investors as well as various methods for integrating ESG issues into investment portfolio design. New estimating methodologies and case studies of successful green bond investments are also provided. Pitched at graduate students and researchers in finance, accounting, as well as related fields of energy and environmental economics, this book will also interest practitioners and investors looking to understand this emerging area in finance.

ESG and Responsible Institutional Investing Around the World: A Critical Review

Author : Pedro Matos
Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960988
Total Pages : 80 pages
Book Rating : 4.9/5 (449 download)

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Book Synopsis ESG and Responsible Institutional Investing Around the World: A Critical Review by : Pedro Matos

Download or read book ESG and Responsible Institutional Investing Around the World: A Critical Review written by Pedro Matos and published by CFA Institute Research Foundation. This book was released on 2020-05-29 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.