Applied asset and risk management: a guide to modern portfolio management and behavior-driven markets
Schulmerich, Marcus
Applied asset and risk management: a guide to modern portfolio management and behavior-driven markets - Germany Springer 2015 - xvii, 476 p. - Management for professionals .
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!
9783662525753
Financial risk management
Portfolio management
Finance
Psychology, Applied
Business mathematics
658.155 / SCH
Applied asset and risk management: a guide to modern portfolio management and behavior-driven markets - Germany Springer 2015 - xvii, 476 p. - Management for professionals .
Table of content
Front Matter
Pages i-xvii
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!
9783662525753
Financial risk management
Portfolio management
Finance
Psychology, Applied
Business mathematics
658.155 / SCH