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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Fabozzi, Frank J., Peterson Drake, Pamela, 1954- (Author)
Format: Electronic eBook
Language:Inglés
Published: Hoboken, N.J. : Wiley, ©2009.
Series:Frank J. Fabozzi series.
Subjects:
Finance.
Investments.
Business enterprises > Finance.
Corporations > Finance.
Finances.
Investissements.
finance.
portfolios (financial records)
BUSINESS & ECONOMICS > Finance.
Economics.
Finance & accounting.
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.

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