投资分析与组合管理

投资分析与组合管理

图书基本信息
出版时间:2005-1
出版社:高等教育出版社
作者:(美)基思,(美)布朗 著
页数:496
书名:投资分析与组合管理
封面图片
投资分析与组合管理
前言
  自教育部在《关于加强高等学校本科教学工作提高教学质量的若干意见》【教高(2001)4号】中提出双语教学的要求后,各地高校相继开设了一系列双语教学课程。这对提高学生的学科和外文水平,开阔国际视野,培养创新型人才起到了重要的作用;一大批教师也逐渐熟悉了外文授课,自身的教学水平和能力得到较大提高,具备国际学术思维的中青年教师脱颖而出。同时,经过近几年的双语教学实践,国外原版教材量大、逻辑不够清晰、疏离中国现实等问题也影响了双语教学的效果。因此,对外版教材进行本土化的精简改编,使之更加适合我国的双语教学已提上教材建设日程。  为了满足高等学校经济管理类双语课程本土化教学的需要,在教育部高等教育司的指导和支持下,高等教育出版社同ThomsonLearning等国外著名出版公司通力合作。在国内首次推出了金融、会计、经济学等专业的英文原版改编教材。
内容概要
本书作为注册金融分析师(CFA)资格考试指定用书,集当代投资理论和分析技术之大成的培养投资专家的权威性教材,也是国际上杰出的投资专家兼教育家精心撰写的专业教材。由全美79所大学和研究机构的同行教授给予了非常有价值的评论和建议,纽约证券交易所、美林集团等相关机构的72名专家为作者提供宝贵的意见。全书系统阐述了包括衍生证券在内的投资环境和投资机会,并结合实例详细分析了证券领域的最新理论和研究成果,如证券信息来源,资本资产定价模型,风险管理工具,企业发展周期,衍生证券中的套利策略和期权定价模型理论等。  本书理论阐述新颖,案例分析翔实。特别适合作为高等院校投资学、金融学、金融工程专业双语教学的高年级本科教材和研究生教材,也可以作为实际运用工作者的参考书。
作者简介
FrardkK.Reiuy美国圣母玛利亚大学的金融学教授,曾担任过工商管理学院的院长。他先后在伊利诺伊大学、康萨斯大学、怀俄明州大学以及圣母玛利亚大学任教,并担任过众多学术组织,如财务管理学会、中西部工商管理学会以及中西部金融学会的主席。作为著名的金融学者,他在许多
书籍目录
Part
1
THE
INVESTMENT
BACKGROUND Chapter
I
The
Investment
Setting  What
Is
an
Investment?  Investment
Defined  Measures
of
Return
and
Risk  Measures
of
Historical
Rates
of
Return  Computing
Mean
Historical
Returns  Calculating
Expected
Rates
of
Return  Measuring
the
Risk
of
Expected
Rates
of
Return  Risk
Measures
for
Historical
Returns  Determinants
of
Required
Rates
of
Return  The
Real
Risk-Free
Rate  Factors
Influencing
the
Nominal
Risk-Free  Rate
(NRFR)  Risk
Premium  Risk
Premium
and
Portfolio
Theory  Fundamental
Risk
versus
Systematic
Risk  Relationship
between
Risk
and
Return  Movements
along
the
SML  Changes
in
the
Slope
of
the
SML  Changes
in
Capital
Market
Conditions
or
Expected
Inflation Chapter
2
The
Asset
Allocation
Decision  Individual
Investor
Life
Cycle  The
Preliminaries  Life
Cycle
Net
Worth
and
Investment
Strategies  Life
Cycle
Investment
Goals  The
Portfolio
Management
Process  The
Need
for
a
Policy
Statement  Understand
and
Articulate
Realistic
Investor
Goals  Standards
for
Evaluating
Portfolio
Performance  Other
Benefits  Input
to
the
Policy
Statement  Investment
Objectives  Investment
Constraints  Constructing
the
Policy
Statement  The
Importance
of
Asset
Allocation  Real
Investment
Returns
after
Taxes
and
Costs  Returns
and
Risks
of
Different
Asset
Classes  Asset
Allocation
and
Cultural
Differences Chapter
3
Selecting
Investments
in
a
Global
Market  Global
Investment
Choices  Fixed-lncome
Investments  International
Bond
Investing  Equity
Instruments  Special
Equity
Instruments:
Options  Futures
Contracts  Investment
Companies  Real
Estate  Low-Liquidity
Investments  Historical
Risk-Returns
on
Alternative  Investments  Stocks,
Bonds,
and
T-Bills  World
Portfolio
Performance Chapter
4
Organization
and
Functioning  of
Securities
Markets  What
Is
a
Market?  Characteristics
of
a
Good
Market  Organization
of
the
Securities
Market  Primary
Capital
Markets  Government
Bond
Issues  Municipal
Bond
Issues  Corporate
Bond
Issues  Corporate
Stock
Issues  Private
Placements  Secondary
Financial
Markets  Why
Secondary
Markets
Are
Important  Secondary
Bond
Markets  Financial
Futures  Secondary
Equity
Markets  Regional
Exchanges
and
the
Over-the-Counter
Market  Regional
Securities
Exchanges  Over-the-Counter
(OTC)
Market  Third
Market  Fourth
Market  Changes
in
the
Securities
Markets  Evidence
and
Effect
of
Institutionalization  Negotiated
Commission
Rates  The
Impact
of
Block
Trades  Institutions
and
Stock
Price
Volatility  National
Market
System
(NMS)  New
Trading
Systems  Global
Market
Changes  Future
DevelopmentsPart
2
DEVELOPMENTS
INPart
3
VALUATION
PRINCIPLESPart
4
ANALYSIS
AND
MANAGEMENTPart
5
ANALYSIS
ANDPart
6
SPECIFICATION
AND
章节摘录
  Strong
support
for
this
ratio
was
provided
by
Fama
and
French
who
evaluated
the
joint
effects
of
market
beta,
size,
E/P
ratio,
leverage,
and
the
BV/MV
ratio
(referred
to
as
BE/ME)
on
a
cross
section
of
average
returns.
They
analyzed
the
hypothesized
positive
relationship
between
beta
and
expected
returns
and
found
that
this
positive
relationship
held
pre-1969
but
disappeared
dur-
ing
the
period
1963
to
1990.
In
contrast,
the
negative
relationship
between
size
and
average
return
was
significant
by
itself
and
significant
after
inclusion
of
other
variables.  In
addition,
they
found
a
significant
positive
relationship
between
the
BV/MV
ratio
and
aver-
age
return
that
persisted
even
when
other
variables
are
included.
Most
importantly,
both
size
and
the
BV/MV
ratio
are
significant
when
included
together
and
they
dominate
other
ratios.
Specif-
icaUy,
although
leverage
and
the
E/P
ratio
were
significant
by
themselves
or
with
size,
they become
insignificant
when
both
size
and
the
BV/MV
ratio
are
considered.  In
summary,
studies
thathave
used
publicly
available
ratios
to
predict
the
cross
section
of
expected
returns
for
stocks
have
provided
substantial
evidence
in
conflict
with
the
semistrong-
form
EMH.
Significant
results
were
found
for
P/E
ratios,
market
value
size,
neglected
firms,
and
BV/MV
ratios.
Although
the
Fama/French
work
indicated
that
the
optimal
combination
appears
to
be
size
and
the
BV/MV
ratio,
a
study
by
Jensen,
Johnson,
and
Mercer
indicates
that
this
com-
bination
only
works
during
periods
of
expansive
monetary
policy,
图书标签Tags
教材,经济,金融
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评论与打分
  •     书是正版 挺好的
  •     物流还行,书也不错。不过括号里说的送教学资源到底是啥意思啊?没见其他资料啊!
  •     这书翻译的很好,21世纪是健康行业的新商机
  •     书很不错~通俗易懂,看起来很好
  •     五折买的,非常经典的书籍
  •     还没来得及阅读,还不错的好书。
  •     刚好用得上,做期货的同学值得一读!!
  •     有不少实际交易的例子,物流太烂了。淘宝同时下单
  •     金融博物馆读书会嘉宾推荐,适合律师阅读。
  •     多于学金融的人来说,就是不知道是不是正版的
  •     质量可靠。书跟图片一样。。书的内容非常详细,可惜删减严重
  •     论文改编的,此书水平不够
  •     写的比较详尽,传统投资学往往通过考察基金过往的风险来衡量基金的风险水平
  •     看了证券之星的介绍买了这本书,但是翻了下,感觉没有预想的思维高度,有一定的理论
  •     大师推荐好书,还是值得
  •     值得一读的佳作,他搞经济的。
  •     书 是很不错,喜欢经济学的同志可以好好看看
  •     有针对性的购买,与我们的教材配套
  •     送货非常快,觉得他说的话都比较真实。可以看到很多问题。
  •     麻烦醒醒。,读一读学点这方面的知识
  •     要求一定的数量基础,非常非常不错的书
  •     但我希望我买到的是一本崭新的书。,角度特别