General Equilibrium Foundations of Finance

Author: Thorsten Hens
Publisher: Springer Science & Business Media
ISBN: 9781475753172
Release Date: 2013-03-09
Genre: Business & Economics

The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to understand financial markets in order to give advice for practical financial decisions. This book argues that for a sound economic foundation of finance the famous general equilibrium model which in its modern form emphasizes the incompleteness of financial markets is well suited. The aim of the book is to demonstrate that financial markets can be meaningfully embedded into a more general system of markets including, for example, commodity markets. The interaction of these markets can be described via the well known notion of a competitive equilibrium. We argue that for a sound foundation this competitive equilibrium should be unique. In a first step we demonstrate that this essential goal cannot of be achieved based only on the rationality principle, i. e. on the assumption utility maximization of some utility function subject to the budget constraint. In particular we show that this important lack of structure is disturbing as well for the case of mean-variance utility functions which are the basis of the Capital Asset Pricing Model, one of the cornerstones of finance. The final goal of our book is to give reasonable restrictions on the agents' utility functions which lead to a well determined financial markets model.

Foundations of Finance Global Edition

Author: Arthur J. Keown
Publisher: Pearson Higher Ed
ISBN: 9781292155142
Release Date: 2016-08-12
Genre: Business & Economics

For undergraduate courses in Corporate Finance. The Five Key Principles for the Foundations of Finance Foundations of Finance retains its foundational approach to the key concepts of finance, bolstered by real-world vignettes, cases, and problem exercises. Utilizing five principles, which are presented at the beginning of the book and applied throughout, the authors introduce a multi-step approach to financial problem solving that appeals to students’ at all levels, math and numerical skills. As in previous editions, the Ninth Edition focuses on valuation and opens every chapter with a vignette based on financial decisions faced by contemporary, real-world companies and firms. Other highly useful features include mini cases, cautionary tales, lists of key terms, and a discussion of ethics. Revised and updated, the newest edition includes new lecture videos, financial thinking, user feedback, and lessons from the recent economic crisis. MyFinanceLab™not included. Students, if MyFinanceLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyFinanceLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. MyFinanceLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

Foundations of Finance

Author: Arthur J. Keown
Publisher: Prentice Hall
ISBN: 0132339226
Release Date: 2008
Genre: Business & Economics

KEY BENEFIT: Keown allows readers to see the big picture by letting them understand the logic that drives finance rather than memorizing formulas. Very user friendly, the basic pedagogical approach to the presentation of new tools and techniques is “say it” then “illustrate it with an example” and reinforce with lots of “real world examples”. As well as including strong international coverage some key topics are: Financial Markets and Interest Rates; Understanding Financial Statements and Cash Flows; Time Value of Money; Risk and Return; Bond and Stock Valuation; Capital-Budgeting Techniques and Practice; Cash Flows and Other Topics in Capital Budgeting; and Current Asset Management. For an enduring understanding of the basic tools and fundamental principles upon which finance is based.

Foundations of Finance

Author: CTI Reviews
Publisher: Cram101 Textbook Reviews
ISBN: 9781497068865
Release Date: 2016-09-26
Genre: Education

Facts101 is your complete guide to Foundations of Finance. In this book, you will learn topics such as Understanding Financial Statements and Cash Flows, Evaluating a Firm`s Financial Performance, The Time Value of Money, and The Meaning and Measurement of Risk and Return plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.

Foundations of Finance

Author: CTI Reviews
Publisher: Cram101 Textbook Reviews
ISBN: 9781467236430
Release Date: 2016-09-26
Genre: Education

Facts101 is your complete guide to Foundations of Finance. In this book, you will learn topics such as Understanding Financial Statements and Cash Flows, Evaluating a Firm`s Financial Performance, The Time Value of Money, and The Meaning and Measurement of Risk and Return plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.

Foundations of Finance The Logic and Practice of Finance Management

Author: CTI Reviews
Publisher: Cram101 Textbook Reviews
ISBN: 9781467238564
Release Date: 2016-09-26
Genre: Education

Facts101 is your complete guide to Foundations of Finance , The Logic and Practice of Finance Management. In this book, you will learn topics such as Understanding Financial Statements and Cash Flows, Evaluating a Firm`s Financial Performance, The Time Value of Money, and The Meaning and Measurement of Risk and Return plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.

Foundations of Finance Logic and Practice of Financial Management

Author: CTI Reviews
Publisher: Cram101 Textbook Reviews
ISBN: 9781619069008
Release Date: 2016-09-26
Genre: Education

Facts101 is your complete guide to Foundations of Finance , Logic and Practice of Financial Management. In this book, you will learn topics such as Understanding Financial Statements and Cash Flows, Evaluating a Firm`s Financial Performance, The Time Value of Money, and The Meaning and Measurement of Risk and Return plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.

Foundations of Finance

Author: Petty
Publisher:
ISBN: 1442584033
Release Date: 2014
Genre: Corporations

This custom edition is specifically published for Australian National University.

Foundations of Financial Risk

Author: GARP (Global Association of Risk Professionals)
Publisher: John Wiley & Sons
ISBN: 9781119106401
Release Date: 2015-05-11
Genre: Business & Economics

Gain a deeper understanding of the issues surrounding financial risk and regulation Foundations of Financial Risk details the various risks, regulations, and supervisory requirements institutions face in today's economic and regulatory environment. Written by the experts at the Global Association of Risk Professionals (GARP), this book represents an update to GARP's original publication, Foundations of Banking Risk. You'll learn the terminology and basic concepts surrounding global financial risk and regulation, and develop an understanding of the methods used to measure and manage market, credit, and operational risk. Coverage includes traded market risk and regulation, treasury risk and regulation, and much more, including brand new coverage of risk management for insurance companies. Clear explanations, focused discussion, and comprehensive relevancy make this book an ideal resource for an introduction to risk management. The textbook provides an understanding of risk management methodologies, governance structures for risk management in financial institutions and the regulatory requirements dictated by the Basel Committee on Banking Supervision. It provides thorough coverage of the issues surrounding financial risk, giving you a solid knowledgebase and a practical, applicable understanding. Understand risk measurement and management Learn how minimum capital requirements are regulated Explore all aspects of financial institution regulation and disclosure Master the terminology of global risk and regulation Financial institutions and supervisors around the world are increasingly recognizing how vital sound risk management practices are to both individual firms and the capital markets system as a whole. Savvy professionals recognize the need for authoritative and comprehensive training, and Foundations of Financial Risk delivers with expert-led education for those new to risk management.

Foundations of Financial Management

Author: Bartley Danielsen
Publisher: McGraw-Hill Education
ISBN: 125927716X
Release Date: 2016-01-07
Genre: Business & Economics

Foundations of Financial Management has built a loyal following due to its strong real-world emphasis, clear writing style, and step-by-step explanations that simplify difficult concepts. The text focuses on the "nuts and bolts" of finance with clear and thorough treatment of concepts and applications. In addition to completing the revisions, Block, Hirt, and Danielsen also revise all end of chapter problems and complete the solutions themselves. The authors know what works and what doesn't work for students, and they have consistently maintained a product that is responsive to the demands of the marketplace.

Foundations of Airline Finance

Author: Bijan Vasigh
Publisher: Routledge
ISBN: 9781351158022
Release Date: 2017-11-30
Genre: Technology & Engineering

Foundations of Airline Finance: Methodology and Practice is a textbook that comprehensively covers, at a basic level, all aspects of the subject, bringing together many of the numerous and informative articles and institutional developments that have characterized the field of airline finance in the previous two decades. In the early chapters, the reader is introduced to the elementary theoretical foundations that underpin the role of finance in the airline industry. Critical topics, such as the time value of money, the notion of risk and return, and the complex nature of costs (fixed, semi-fixed, variable, and marginal) are discussed and illustrated with concrete examples. This is followed by an in-depth presentation of the role of accounting in airlines. Ratio analysis is used to further analyze airline financial statements. Airline industry specific metrics, such as cost per available seat mile (CASM) and revenue per revenue passenger mile (RRPM), are covered. The role of capital and asset management is then explained in the following chapters. The final chapters of the text present some important practical applications of the theoretical ideas presented earlier; these applications include hedging, the buy versus lease decision for aircraft and the question of the valuation of assets (mainly aircraft). Moreover, specific methods for actually calculating internal valuation are presented and evaluated. Foundations of Airline Finance: Methodology and Practice will be of greatest value to students who are contemplating entering financial management in the air transportation industry; however, the text will also serve as an accessible and comprehensive reference for industry professionals.

Foundations for financial economics

Author: Chi-fu Huang
Publisher: North Holland
ISBN: STANFORD:36105009630398
Release Date: 1988
Genre: Business & Economics

Based on formal derivations of financial theory, this volume provides a rigorous exploration of individual's consumption and portfolio decisions under uncertainty. Features in-depth coverage of such topics as: concepts of risk aversion and stochastic dominance; mathematical properties of a portfolio frontier; distributional conditions for mutual fund separation; capital asset pricing models and arbitrage pricing models; general pricing rules for securities that pay off in more than one state of nature; the pricing of options; rational expectation models of risky asset prices; signaling models; how multiperiod dynamic economies can be modeled; a multiperiod economy with emphasis on valuation by arbitrage; econometric issues associated with testing capital asset pricing models. For readers interested in a rigorous overview of financial economicsn individual consumption point of view. й 1988