Technological, economic, and regulatory changes are some of the driving
forces in the modern world of finance. For instance, financial markets
now trade twenty-four hours a day and securities are increasingly being
traded via real-time computer-based systems in contrast to trading
floor-based systems. Equally important, new security forms and pricing
models are coming into existence in response to changes in domestic and
international regulatory action. Accounting and risk management systems
now enable financial and investment firms to manage risk more
efficiently while meeting regulatory concerns.
The challenge for academics and practitioners alike is how to keep
themselves, and others, current with these changing markets, as well as
the technology and current investment and risk management tools.
Applications in Finance, Investments, and Banking offers presentations
by twelve leading investment professionals and academics on a wide range
of finance, investment and banking issues. Chapters include analysis of
the basic foundations of financial analysis, as well as current
approaches to managing risk. Presentations also include reviews of the
means of measuring the volatility of the underlying return process and
how investment performance measurement can be used to better understand
the benefits of active management. Finally, articles also present
advances in the pricing of the new financial assets (e.g., swaps), as
well as the understanding of the factors (e.g., earnings estimates)
affecting pricing of the traditional assets (e.g., stocks).
Applications in Finance, Investments, and Banking provides beneficial
information to the understanding of both traditional and modern
approaches of financial and investment management.
