Michael Dempsey

Investment Analysis

An Introduction to Portfolio Theory and Management

• Broschiertes Buch

Produktbeschreibung

The textbook is designed as a core text for finance courses that cover market investments, portfolio formation and the management of investment portfolios. As such, the text seeks to convey insight and actual wisdom as to the nature of these activities, and offers the student a rigorous preparation for entry to the funds management industry.

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Produktdetails

• Verlag: Taylor & Francis Ltd
• Seitenzahl: 378
• Erscheinungstermin: 24. Oktober 2019
• Englisch
• Abmessung: 246mm x 174mm x 20mm
• Gewicht: 696g
• ISBN-13: 9781138388741
• ISBN-10: 1138388742
• Artikelnr.: 59366362

Autorenporträt

Michael Dempsey is Professor of Finance at Ton Duc Thang University in Ho Chi Minh City, Vietnam, having previously been Professor of Finance and Head of Finance at RMIT University, Melbourne, Australia. His personal web page can be found at dempseymichael.com.

Inhaltsangabe

1. Introduction
PART A Foundations of investment analysis
2. The valuation of equity shares: the P/E ratio
3. Shareholders' required rate of return (the cost of equity capital)
4. Financial leverage: the value of the firm and the economic cycle
5. Accounting statements and ratio analysis
PART B The nature of investment growth
6. The nature of growth (the exponential function)
7. Prediction of returns (the normal distribution)
8. Statistical relations for component assets
9. Growth over many periods
10. Growth with many assets
PART C Principles of portfolio construction and management
11. Portfolio choice between risky and risk-free assets
12 A fundamental model of asset pricing and portfolio allocation
13 Fluctuations of opinion: stock mispricing
14 Portfolio algorithms
15 Institutional portfolio management
16 Conclusion and text review