Business Books

Finance Theory

The Theory of Corporate Finance by Princeton University Press

Business Reading


The Theory of Corporate Finance

Jean Tirole (Hardcover) Princeton University Press 2005-12-12


Price: $80.00 $68.18

Answers

Modern Finance Theory usually assumes that the objective of the firm is to maximize the wealth of the ?

stockholders. Do you agree or disagree? Why?


Agree - It's in your textbook - because they are the "owners" of the company.

1. Why Finance?


Financial Theory (ECON 251) This lecture gives a brief history of the young field of financial theory, which began in business schools quite ...

Theory of Finance Tutorial One Question Six


Theory of Finance Tutorial One Question Six

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Business Reading Portfolio Theory and Performance Analysis (The Wiley Finance Series):


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Business Reading Mathematical Control Theory and Finance:


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Business Reading From Catastrophe to Chaos: A General Theory of Economic Discontinuities (Mathematics, Microeconomics and Finance):


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Five Good Questions on Portfolio Theory with Hedge-Fund Manager Scott Vincent

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1. In your recent paper , you argue that modern statistical finance isn’t all that it’s cracked up to be, and that active management can and does work. On what do you base those conclusions?

The fundamental underpinnings of quantitative finance have been shown to be flawed and impractical as applied in practice.  Most of quantitative finance depends on the basic concepts and statistical math introduced in CAPM and Portfolio Selection (two of the key theories behind Modern Portfolio Theory or (MPT).  We tend to assume that because these theories appear sound, and the math behind them is flawless, they will generate accurate results when applied. 

The problem is that mathematics and statistics are rigid disciplines, and they need certain rules and relationships to hold true if they are to generate reliable results.

Financial Derivatives in Theory and Practice (Wiley Series in ...

LINK: Download Financial Derivatives in Theory and Practice (Wiley Series in Probability and Statistics) eBook

The term Financial Derivative is a very broad term which has come to mean any financial transaction whose value depends on the underlying value of the asset concerned. Sophisticated statistical modelling of derivatives enables practitioners in the banking industry to reduce financial risk and ultimately increase profits made from these transactions. The book originally published in March 2000 to widespread acclaim.?This?revised edition has been updated with minor corrections and new references, and now includes a chapter of exercises and solutions, enabling use as a course text....

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WAHID'S OPINION – NON-CONFORMITY AMONG THE ... - Business and Finance

Introduction :

 

In general, the auditing function involves “a systematic examination of accounts or programmatic activities, so as to ascertain their accuracy a means of verifying the detailed transactions underlying any item in a record, a governing body connects audit professionals to achieve an independent assessment of expenses and programmatic action to test the placement between projected objectives and real actions.

 

The most important scope with the professionals who achieve the work and their managerial connection to the entity being reviewed involve three primary fundamentals:

 

1) The external or third party role of auditors, serving between the principals who authorize legislative action and the agents who carry it out;

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Finance Theory News

Room for Debate: A Running Commentary on the News

New York Times - Oct 15, 4248

She is the author of "Public Finance in Theory and Practice." The problem with "9-9-9" is that it's not just a flat tax, it's two sales taxes and an income tax. The problem with "9-9-9" is that it's not just a flat tax, it's two sales taxes and an
GAO challenges USPS finance plan

UPI.com - Oct 15, 7381

GAO challenges USPS finance plan Darrell Issa, R-Calif., said the theory of $75 billion in over-payments was a ruse. "It has simply been a disingenuous claim used to justify legislative proposals that would use billions of taxpayer dollars to cover up declining Postal Service revenues
Rift in Coalition over cutbacks

Irish Times - Oct 15, 7037

Rift in Coalition over cutbacks Mr Rabbitte said he was not a proponent of the Big Bang theory. “The €20 billion plus taken out of the economy in the last three to four budgets is very, very severe,” he said. “I think to do what we said we would do and to take out €3.6 billion in
Theory inches ever closer to practice

The Guardian - Sep 28, 2011

Theory inches ever closer to practice The prospect of €57bn a year has cash-strapped finance ministers salivating. Little wonder, then, that supporters are jubilant. The TUC said the tax would help rebalance the economy, ensure that the banks pay their dues and reward long-term investment.
Why Dividend Growth Investors Should Not Ignore Stock Prices

Seeking Alpha - Oct 15, 7654

In theory, the market price is rational and reflects all public information available at the time. Therefore, an investor should not be able to use prior information to generate excess gains because “everyone” could do the same thing.