S. R. Vishwanath (auth.), Chandrasekhar Krishnamurti, Ramanna Vishwanath (eds.)3540888012, 9783540888017, 9783540888024
Sound investment decisions require an in-depth knowledge of the financial markets and available financial instruments. This book provides students and professionals with an understanding of the role and activities of an equity security analyst within the investment process. Emphasis is on understanding the process of analyzing companies, the valuation process, and the challenges of achieving success in a highly competitive capital market. The authors present a comprehensive compendium on the financial theory, the empirical evidence and the mathematical tools that form the underlying principles of investment decisions.
Table of contents :
Front Matter….Pages i-xv
Front Matter….Pages 1-1
Introduction….Pages 1-9
Introduction to Market Microstructure….Pages 13-29
An Overview of Securities Markets Regulation around the World….Pages 31-45
Front Matter….Pages 1-1
The Capital Asset Pricing Model and Arbitrage Pricing Theory: Theory….Pages 49-80
The Capital Asset Pricing Model and Arbitrage Pricing Theory: Tests and Application….Pages 81-105
Front Matter….Pages 1-1
Accounting and Financial Analysis….Pages 109-137
The use (and misuse) of Cash flow statements….Pages 139-154
Prospective Analysis: Guidelines for Forecasting Financial Statements….Pages 155-223
Front Matter….Pages 1-1
The EVA Approach to Investing….Pages 227-239
DCF Valuation Models: Free Cash flow, APV, ECF and CCF valuation models….Pages 241-260
Valuation Using Multiples….Pages 261-281
Real Options Perspective of Security Analysis….Pages 283-297
Investing in Initial Public Offerings and Depository Receipts….Pages 299-318
Front Matter….Pages 1-1
Pricing Equity Options….Pages 321-357
Investing in Exotic Options….Pages 359-380
Front Matter….Pages 1-1
An Overview of Fixed Income Securities and Markets….Pages 383-403
Investing in Convertibles, Preferred Stocks and Warrants….Pages 405-438
Managing Fixed Income Portfolios….Pages 439-451
Interest Rate Derivatives….Pages 453-470
The Credit Market….Pages 471-481
Front Matter….Pages 1-1
Investing in Credit Derivatives….Pages 483-494
Front Matter….Pages 1-1
Market Efficiency: Theory, Tests and Applications….Pages 497-515
An Overview of Mutual Funds and Exchange Traded Funds….Pages 517-538
Understanding Active Portfolio Management….Pages 539-565
Measuring Mutual Fund Performance….Pages 567-587
Hedge Funds….Pages 589-609
Investing in Emerging Markets….Pages 611-624
Front Matter….Pages 1-1
Behavioral Finance and Investment Strategy….Pages 627-634
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