| About the book | |
It is recognized as the best blend of practical and theoretical coverage, while maintaining an appropriate rigor and clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are usually priced appropriately given their risk and return attributes. The text places greater emphasis on asset allocation, and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. | |
| Key features | |
| About the author | |
Alex Kane Professor of finance and economics at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He has been visiting professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and research associate, National Bureau of Economic Research. An author of many articles in finance and management journals, Professor Kane?s research is mainly in corporate finance, portfolio management, and capital markets, most recently in the measurement of market volatility and pricing of options. Alan Marcus Professor of Finance in the Wallace E. Carroll School of Management at Boston College. His main research interests are in derivatives and securities markets. He is co-author (with Zvi Bodie and Alex Kane) of the texts Investments and Essentials of Investments. Professor Marcus has served as a research fellow at the National Bureau of Economic Research. Professor Marcus also spent two years at Freddie Mac, where he helped to develop mortgage pricing and credit risk models. He currently serves on the Research Foundation Advisory Board of the CFA Institute. Zvi Bodie Professor of finance and economics at Boston University School of Management. He holds a Ph.D. from the Massachusetts Institute of Technology and has served on the finance faculty at Harvard Business School and MIT?s Sloan School of Management. Professor Bodie has published widely on pension finance and investment strategy in leading professional journals. His books include Worry-Free Investing: A safe Approach to Achieving your Lifetime Financial Goals and Foundations of Pension Finance. Professor Bodie is managing director of Integrated Finance Limited, a specialized investment bank and financial engineering company. He is also a member of the Advisory Board of the Pension Research Council. Pitabas Mohanty Professor, XLRI, Jamshedpur, is a Fellow of the Indian Institute of Management Bangalore. A Gold Medallist in MA (Applied Economics) he is also a Chartered Financial Analyst and a cost accountant. He has got more than nine years of teaching experience in Investments and Corporate Finance. He is actively into research in corporate finance and investments with many publications in books and refereed journals. He has also consulted a few companies in valuation of companies. He won the Best Young Teacher Award from AIMS in 2002. He got the first prize in two consecutive years in the Capital Markets Conference organized by the UTI Institute of Capital Markets. He also got the prestigious Citibank Research Excellence Award in IIM Bangalore. He has got the Best Research Paper Award from AIMS in 1999 | |
| Table of contents | |
Part One: Elements of Investments 1.Investments: Background and Issues 2.Asset Classes and Financial Instruments 3.Securities Markets 4.Mutual Funds and Other Investment Companies Part Two: Portfolio Theory 5.Risk and Return: Past and Prologue 6.Efficient Diversification 7.Capital Asset Pricing and Arbitrage Pricing Theory 8.The Efficient Market Hypothesis 9.Behavioral Finance and Technical Analysis Part Three: Debt Securities 10.Bond Prices and Yields 11.Managing Bond Portfolios Part Four: Security Analysis 12.Macroeconomic and Industry Analysis 13.Equity Valuation 14.Financial Statement Analysis Part Five: Derivative Markets 15.Options Markets 16.Option Valuation 17.Futures Markets and Risk Management Part Six: Active Investment Management 18.Portfolio Performance Evaluation 19.Globalization and International Investing 20.Hedge Funds 21.Taxes, Inflation, and Investment Strategy 22.Investors and the Investment Process | |
