Financial Risk Management and Derivative Instruments offers an introduction to the riskiness of stock markets and the application of derivative instruments in managing exposure to such risk. Structured in two parts, the first part offers an introduction to stock market and bond market risk as encountered by investors seeking investment growth. The second part of the text introduces the financial derivative instruments that provide for either a reduced exposure (hedging) or an increased exposure (speculation) to market risk. The fundamental aspects of the futures and options derivative markets and the tools of the Black-Scholes model are examined. The text sets the topics in their global context, referencing financial shocks such as Brexit and the Covid-19 pandemic. An accessible writing style is supported by pedagogical features such as key insights boxes, progressive illustrative examples and end-of-chapter tutorials. The book is supplemented by PowerPoint slides designed to assist presentation of the text material as well as providing a coherent summary of the lectures. This textbook provides an ideal text for introductory courses to derivative instruments and financial risk management for either undergraduate, masters or MBA students.
In a world where death is a thing of the past, how far would you go to solve your own murder? NYPD detective Paul Donner and his wife Elise were killed in a hold-up gone wrong. Fifty years later, Donner is back: revived courtesy of the Shift. Supposedly the unintended side-effect of a botched biological terrorist attack and carried by a ubiquitous retrovirus, the Shift jump-starts dead DNA and throws the life cycle into reverse, so reborns like Donner must cope with the fact that they are not only slowly youthing toward a new childhood, but have become New York's most hated minority. With New York quarantined beneath a geodesic blister, government and basic services have been outsourced by a private security corporation named Surazal. Reborns and infected norms alike struggle in a counterclockwise world, where everybody gets younger, you can see Elvis every night at Radio City Music Hall, and nobody has any hope of ever seeing the outside world. Lost in a sea of nostalgia, NYC becomes an inwardly focused schizophrenic culture of alienation and loss. In this backwards-looking culture where only some of the dead have returned, Donner is haunted by revivers guilt, and becomes obsessed with finding out who killed him and his non-returning wife. Little does he know, strange forces have already begun tracking him. Donner isn't the only one obsessed with the past.
Stock Markets, Investments and Corporate Behavior examines the nature of stock market growth and decline, the function of financial markets, and their implications for commercial companies. Traditionally, finance academics have attempted to understand financial markets and commercial companies as physicists approach their subject matter: with a set of laws in mind that govern the field. But finance is not physics. The academic's approach falsely assumes that financial markets can be understood as systems within which self-interested maximizers behave in logical ways that are coordinated by the invisible hand of the price mechanism. This book demonstrates that finance is more appropriately understood as a field in which investors and finance managers may or may not use rational calculations as the basis of their decision making. This book opens with an effective dismantling of the traditional mathematical approach used to understand and describe markets and corporate financial behavior. In its place, the mathematics of growth and decline is developed anew, while holding to the realization that the decisions of organizations rely on the choices of real people with limited information available to them. The book will appeal to all students who wish to reappraise their knowledge of finance in a thoughtful manner. Specifically, this book is designed to appeal to anyone who wishes to refine their understanding of the nature of stock markets and financial growth, optimal portfolio allocation, option pricing, asset valuation, corporate financial behavior, and what it means to be ethical in our financial institutions."--
In the summer of 1864, with the nation in the last years of a catastrophic Civil War the lives of a young Chaplain, a widowed Georgia farm woman and a legendary Union General converge during the final days of the Atlanta Campaign. This is the setting for my historical fiction novel A Still Small Voice. The Chaplain (Jeremiah Walters) and the widow (Anna Wainwright) are fictional while General William T Sherman is the historical figure. Through the relationship between Walters and Sherman the reader sees the issues of faith and belief in God through the eyes of the believer and the skeptic. In the relationship between Jeremiah and Anna the reader sees how two people deal with the loss of a spouse and how they are drawn closer to each other. There are cameo appearances by other fictional and historical figures. As a Civil War novel A Still Small Voice is unique in its treatment of the religious aspects of this period in our history. The idea for the novel came to me after reading The Memoirs of William T.Sherman, compiled by historian, William S. McFeely. The title of the book comes from the Bible (I Kings).
Stock Markets and Corporate Finance: A Primer examines the nature of the stock market and its implications for corporate management. In the historical context of financial institutions and business finance, students are stimulated to learn that traditional totems of corporate finance can no longer be presented as dogma, but rather as exceedingly frail models of reality. At the core of this text is the philosophy that financial institutions and corporate/business finance are more satisfactorily understood in relation to one another.This revised text from the 2017 Stock Markets and Corporate Finance has allowed for a reshaping of the material with the deletion of a number of chapters considered 'interesting' but overly academic. This additional space has allowed for an update on the chapter 'Financial Institutions and a History of Stock Markets' as well as accounting for the circumstances of a post-COVID-19 era. The chapter 'Financial Planning and Working Capital' has been reworked to demonstrate how a firm's financial management team might interrogate its financial accounts to assess the viability of the firm and the management of its working capital.From reading this book, the reader will achieve insight into the behaviour and importance of financial institutions and firms as they are presented in the media, and how they impact on their own lives. Exercises and solutions are designed to re-enforce chapter material, while animated PowerPoint presentations are available as supplementary material to the book.
Fundamentals of Corporate Finance helps students develop the intuition and analytical skills necessary to effectively apply financial tools in real-world decision-making situations. The text provides a fully integrated framework for understanding how value creation relates to all aspects of corporate finance: whether it be evaluating an investment opportunity, determining the appropriate financing for a business, or managing working capital. This unique and integrated framework also enables students to develop problem solving and decision-making skills. The authors believe that students who understand the intuition underlying the basic concepts of finance are better able to develop the critical judgments necessary to apply financial tools in real-world, decision-making situations. Their text develops intuitive thinking while simultaneously helping students develop problem solving and computational skills. It then shows students how to apply intuition and analytical skills to decision making, while integrating it all with valuation and building shareholder value.
Abu Dhabi--an obscure Middle Eastern principality that happens to be the richest city in the world. This book tells the story of Abu Dhabi's ambitions to transform itself from a sleepy sheikhdom into a thriving international metropolis and a hub of business and leisure. It traces Abu Dhabi's boom years from 2009 to 2011 from the perspective of a Westerner working for the Urban Planning Council, the government agency that planned and coordinated all of the massive development activity. Castles in the Sand explores the drastic changes in Abu Dhabi's built environment, where entire islands are forested with skyscrapers and billions of dollars in infrastructure are spent on a whim--while recounting the disorienting experience of an outsider encountering a society in which foreigners outnumber locals nine to one and modernity clashes head-on with centuries of embedded tradition. General readers will find a broad introduction to Abu Dhabi, and architects and planners will gain a firsthand glimpse inside an unprecedented experiment in city-building.
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