Applied asset and risk management: a guide to modern portfolio management and behavior-driven markets

By:

Schulmerich, Marcus

Contributor(s):

Material type: Text

TextSeries: Management for professionalsPublication details: Springer Germany 2015Description: xvii, 476 pISBN:

9783662525753

Subject(s):

DDC classification:

658.155 SCH

Summary: Introduction This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory they should not? - How do investors deal with such crises in terms of their risk measurement and management and, as a consequence, what are the implications for the chosen investment strategies? The book presents and discusses two different approaches to finance and investing, i.e., modern portfolio theory and behavioral finance, and provides an overview of stock market anomalies and historical crashes. It is intended to serve as a comprehensive introduction to asset and risk management for bachelor’s and master’s students in this field as well as for young professionals in the asset management industry. A key part of this book are the exercises to further demonstrate the concepts presented with examples and a step-by-step business case. An Excel file with the calculations and solutions for all 17 examples as well as all business case calculations can be downloaded at extras.springer.com. In this book modern portfolio theory meets behavioral finance, resulting in new insights in state-of-the-art investing. Not only practitioners but also students and academics benefit from the combination of professional capital market experience and academic wisdom as well as the many exercises the book uses to bring the concepts alive. Especially the chapter covering recent investment trends broken down by investor type and region should prove very useful for investment professionals in the asset management industry in Europe. Highly recommended!

List(s) this item appears in: Finance & Accounting | Marketing

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Finance & Accounting	658.155 SCH (Browse shelf(Opens below))	1	Available		001848

Table of content

Front Matter
Pages i-xvii
PDF
Risk Measures in Asset Management
Marcus Schulmerich, Yves-Michel Leporcher, Ching-Hwa Eu
Pages 1-99
Modern Portfolio Theory and Its Problems
Marcus Schulmerich, Yves-Michel Leporcher, Ching-Hwa Eu
Pages 101-173
Stock Market Anomalies
Marcus Schulmerich, Yves-Michel Leporcher, Ching-Hwa Eu
Pages 175-244
Stock Market Crashes
Marcus Schulmerich, Yves-Michel Leporcher, Ching-Hwa Eu
Pages 245-354
Explaining Stock Market Crashes: A Behavioral Finance Approach
Marcus Schulmerich, Yves-Michel Leporcher, Ching-Hwa Eu
Pages 355-413
Investor Risk Perceptions and Investments: Recent Developments
Marcus Schulmerich, Yves-Michel Leporcher, Ching-Hwa Eu
Pages 415-462

Introduction
This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stock markets since the middle of the last decade:

- Why do crashes happen when in theory they should not?

- How do investors deal with such crises in terms of their risk measurement and management and, as a consequence, what are the implications for the chosen investment strategies?

The book presents and discusses two different approaches to finance and investing, i.e., modern portfolio theory and behavioral finance, and provides an overview of stock market anomalies and historical crashes. It is intended to serve as a comprehensive introduction to asset and risk management for bachelor’s and master’s students in this field as well as for young professionals in the asset management industry. A key part of this book are the exercises to further demonstrate the concepts presented with examples and a step-by-step business case. An Excel file with the calculations and solutions for all 17 examples as well as all business case calculations can be downloaded at extras.springer.com.

In this book modern portfolio theory meets behavioral finance, resulting in new insights in state-of-the-art investing. Not only practitioners but also students and academics benefit from the combination of professional capital market experience and academic wisdom as well as the many exercises the book uses to bring the concepts alive. Especially the chapter covering recent investment trends broken down by investor type and region should prove very useful for investment professionals in the asset management industry in Europe. Highly recommended!

There are no comments on this title.

to post a comment.