Finance : capital markets, financial management, and investment management /
Created by the experienced author team of Frank Fabozzi and Pamela Peterson Drake, Finance examines the essential elements of this discipline and makes them accessible to a wide array of readers-from seasoned veterans looking for a review to newcomers needing to get their footing in finance. Divided...
Call Number: | Libro Electrónico |
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Main Authors: | , |
Format: | Electronic eBook |
Language: | Inglés |
Published: |
Hoboken, N.J. :
Wiley,
©2009.
|
Series: | Frank J. Fabozzi series.
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Subjects: | |
Online Access: | Texto completo (Requiere registro previo con correo institucional) |
Table of Contents:
- Part one, Background. 1, What is finance? Capital markets and capital market theory
- Financial management
- Investment management
- 2, Mathematics of finance. The importance of the time value of money
- Determining the future value
- Determining the present value
- Determining the unknown interest rate
- Determining the number of compounding periods
- The time value of a series of cash flows
- Valuing cash flows with different time patterns
- Loan amortization
- The calculation of interest rates and yields
- Principles of valuation
- 3, Basics of financial analysis. Financial ratio analysis
- Cash flow analysis
- Usefulness of cash flows in financial analysis
- Part two, Capital markets and capital market theory. 4, The financial system. Financial assets/financial instruments
- Financial markets
- Financial intermediaries
- Regulators of financial actitivies
- classification of financial markets
- Market participants
- 5, Interest rate determination and the structure of interest rates. Theories about interest rate determination
- The Federal Reserve system and the determination of interest rates
- The structure of interest rates
- Term structure of interest rates
- 6, Basics of derivatives. Futures and forward contracts
- Options
- Swaps
- Cap and floor agreements
- Appendix : Black-Scholes option pricing model
- 7, Asset valuation : basic bond and stock valuation models. Valuing bonds
- Valuation of common stock using dividend discount models
- Appendix : Valuing convertible bonds
- 8, Asset valuation : theory of asset pricing. Characteristics of an asset pricing model
- Capital asset pricing model
- Arbitrage pricing theory model
- Part three, Financial management. 9, Financial management. Forms of business enterprise
- The objective of financial management
- The agency relationship
- Dividend and dividend policies
- Special considerations in international financial management
- 10, Financial strategy and financial planning. Strategy and value
- Financial planning and budgeting
- Importance of financial planning
- Budgeting process
- Sales forecasting
- Seasonal considerations
- Budgeting
- Pro forma financial statements
- Long-term financial planning
- Financial modeling
- Performance evaluation
- Strategy and value creation
- 11, The corporate financing decision. Debt vs. Equity
- The concept of leverage
- Capital structure and financial leverage
- Financial leverage and risk
- Capital structure and taxes
- Capital structure and financial distress
- The cost of capital
- The agency relationship and capital structure
- Optimal capital structure : theory and practice
- A capital structure prescription
- Appendix : Capital structure : lessons from Modigliani and Miller
- 12, Financial engineering, asset securitization, and project financing. Creation of structured notes . Asset securitization
- Project financing
- 13, Capital budgeting : process and cash flow estimation. Investment decisions and owners' wealth maximization. Capital budgeting process
- Classifying investment projects
- Estimating cash flows of capital budgeting projects
- 14, Capital budgeting techniques. Evaluation techniques
- Net present value
- Profitability index
- Internal rate of return
- Modified internal rate of return
- Payback period
- Discounted payback period
- Issues in capital budgeting
- Comparing techniques
- Capital budgeting techniques in practice
- Capital budgeting and the justification of new technology
- Incorporating risk into capital budgeting analysis
- 15, Managing current assets. Management of cash and marketable securities
- cash management
- Marketable securities
- Management of accounts receivable
- Inventory management
- 16, Financial risk management. Risk defined
- Enterprise risk management
- Managing risks
- Risk transfer
- Part four, Investment management. 17, The basic principles of investment management. The investment management process
- The theory of portfolio selection
- Tracking error
- Measuring and evaluating performance
- 18, Equity portfolio management. Stock market indicators
- Top-down vs. bottom-up approaches
- Fundamental vs. Technical analysis
- Popular stock market strategies
- Passive strategies
- Equity-style management
- Types of stock market structures
- The U.S. stock markets : exchanges and otc markets
- Trading mechanics
- 19, Bond portfolio management. Sectors of the bond market
- Features of bonds
- Yield measures
- Risks associated with investing in bonds
- Measuring interest rate risk
- Bond indexes
- Active bond portfolio strategies
- Passive bond portfolio strategies
- 20, Use of stock index futures and treasury futures contracts in portfolio management. Using stock index futures in equity portfolio management
- Using treasury bond and note futures contracts in bond portfolio management
- Using stock index futures and treasury bond futures to implement an asset allocation decision
- 21, Use of options in portfolio management. Using stock options and index options in equity portfolio management
- Using interest rate options in bond portfolio management
- Appendix : Pricing models on options on physicals and futures options
- Index.
- Finance: Capital Markets, Financial Management, and Investment Management
- Contents
- Preface
- Part One: Background
- Chapter 1: What Is Finance?
- CAPITAL MARKETS AND CAPITAL MARKET THEORY
- FINANCIAL MANAGEMENT
- INVESTMENT MANAGEMENT
- SUMMARY
- Chapter 2: Mathematics of Finance
- THE IMPORTANCE OF THE TIME VALUE OF MONEY
- DETERMINING THE FUTURE VALUE
- DETERMINING THE PRESENT VALUE
- DETERMINING THE UNKNOWN INTEREST RATE
- DETERMINING THE NUMBER OF COMPOUNDING PERIODS
- THE TIME VALUE OF A SERIES OF CASH FLOWS
- VALUING CASH FLOWS WITH DIFFERENT TIME PATTERNS.
- LOAN AMORTIZATION
- THE CALCULATION OF INTEREST RATES AND YIELDS
- PRINCIPLES OF VALUATION
- SUMMARY
- Chapter 3: Basics of Financial Analysis
- FINANCIAL RATIO ANALYSIS
- CASH FLOW ANALYSIS
- USEFULNESS OF CASH FLOWS IN FINANCIAL ANALYSIS
- SUMMARY
- REFERENCES
- Part Two: Capital Markets and Capital Market Theory
- Chapter 4: The Financial System
- FINANCIAL ASSETS/FINANCIAL INSTRUMENTS
- FINANCIAL MARKETS
- FINANCIAL INTERMEDIARIES
- REGULATORS OF FINANCIAL ACTITIVIES
- CLASSIFICATION OF FINANCIAL MARKETS
- MARKET PARTICIPANTS
- SUMMARY
- REFERENCES.
- Chapter 5: Interest Rate Determination and the Structure of Interest Rates
- THEORIES ABOUT INTEREST RATE DETERMINATION
- THE FEDERAL RESERVE SYSTEM AND THE DETERMINATION OF INTEREST RATES
- THE STRUCTURE OF INTEREST RATES
- TERM STRUCTURE OF INTEREST RATES
- SUMMARY
- REFERENCES
- Chapter 6: Basics of Derivatives
- FUTURES AND FORWARD CONTRACTS
- OPTIONS
- SWAPS
- CAP AND FLOOR AGREEMENTS
- SUMMARY
- APPENDIX: BLACK-SCHOLES OPTION PRICING MODEL
- REFERENCES
- Chapter 7: Asset Valuation: Basic Bond and Stock Valuation Models
- VALUING BONDS.
- VALUATION OF COMMON STOCK USING DIVIDEND DISCOUNT MODELS
- SUMMARY
- APPENDIX: VALUING CONVERTIBLE BONDS
- REFERENCES
- Chapter 8: Asset Valuation: The Theory of Asset Pricing
- CHARACTERISTICS OF AN ASSET PRICING MODEL
- CAPITAL ASSET PRICING MODEL
- ARBITRAGE PRICING THEORY MODEL
- SUMMARY
- REFERENCES
- Part Three: Financial Management
- Chapter 9: Financial Management
- FORMS OF BUSINESS ENTERPRISE
- THE OBJECTIVE OF FINANCIAL MANAGEMENT
- THE AGENCY RELATIONSHIP
- DIVIDEND AND DIVIDEND POLICIES
- SPECIAL CONSIDERATIONS IN INTERNATIONAL FINANCIAL MANAGEMENT
- SUMMARY.