Download or read book William F Sharpe Les outils fondamentaux de la gestion moderne de portefeuille written by Gérard Hirigoyen and published by Éditions EMS. This book was released on 2018-07-12 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dans l’histoire de la théorie financière, Sharpe apparaît comme un auteur fondateur. Un de ceux qui ont contribué à donner ses fondations à la théorie financière permettant ainsi de bâtir une discipline scientifique à part entière (Hirigoyen, 1993). Dans une œuvre particulièrement féconde, il est possible de repérer trois axes thématiques essentiels qui ont permis trois contributions majeures : l’axe 1 : l’analyse de portefeuille qui le conduira à la détermination d’un équilibre général et à l’élaboration du modèle d’équilibre des actifs financiers (1.) ; l’axe 2 : la performance des portefeuilles qui le conduira à proposer une mesure sous forme d’un ratio (appelé ratio de Sharpe) qui indique le différentiel de rendement espéré par unité de risque associé au différentiel de rendement (2.) ; l’axe 3 : l’allocation des fonds d’investissement qui le conduira à proposer une méthodologie originale pour apprécier les performances des gérants de fonds à partir d’un modèle d’évaluation des classes d’actifs (3.). Apports gigognes – en quelque sorte – qui, tout en reflétant une progression temporelle, montrent une homogénéité et une unité de la pensée de l’auteur.
Download or read book Pionnier du risque written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-04-20 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Qui est le pionnier du risque William Forsyth Sharpe est un économiste américain. Il est professeur de finance STANCO 25, émérite à la Graduate School of Business de l'université de Stanford et lauréat du prix Nobel commémoratif de sciences économiques en 1990. Comment vous en bénéficierez (I) Informations sur les sujets suivants : Chapitre 1 : William F. Sharpe Chapitre 2 : Finances Chapitre 3 : Financier économie Chapitre 4 : Modèle de tarification des actifs financiers Chapitre 5 : Harry Markowitz Chapitre 6 : Théorie moderne du portefeuille Chapitre 7 : Portefeuille (finance) Chapitre 8 : Armen Alchian Chapitre 9 : David Dodd Chapitre 10 : Gestion des investissements Chapitre 11 : Roger G. Ibbotson Chapitre 12 : Tarification des actifs Chapitre 13 : Moses Abramovitz Chapitre 14 : Théorie post-moderne du portefeuille Chapitre 15 : Jack L. Treynor Chapitre 16 : Gestionnaire de portefeuille Chapitre 17 : Eduardo Schwartz Chapitre 18 : Optimisation du portefeuille Chapitre 19 : Risque de baisse Chapitre 20 : Analyse de style basée sur les rendements Chapitre 21 : Bruno Solnik À qui s'adresse ce livre/strong Professionnels, étudiants de premier cycle et des cycles supérieurs, passionnés, amateurs et ceux qui souhaitent aller au-delà des connaissances ou des informations de base sur Risk Pioneer.
Download or read book M DAF CAPM written by Ariane de Saeger and published by 50minutes.Fr. This book was released on 2014-12-09 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Un guide pratique et accessible pour comprendre le modèle du MEDAF Approfondissant la théorie moderne du portefeuille de Harry Markowitz, des économistes, dont notamment William Sharpe, mettent en place dans les années soixante-dix un modèle d'évaluation d'actifs financiers : le MEDAF. Celui-ci permet à tout investisseur d'estimer la rentabilité d'un actif par rapport au risque qu'il comporte. Si ce modèle mathématique présente certaines failles, il a toutefois fait ses preuves et s'avère très utile pour résoudre des problématiques financières d'entreprise. Ce livre vous aidera à : Comprendre les notions d'actifs et de risques financiers. Mieux appréhender le marché des capitaux. Estimer la rentabilité des actifs. Investir en toute connaissance de cause pour une meilleure gestion de portefeuille. Et bien plus encore ! Le mot de l'éditeur : Avec l'auteur, Ariane de Saeger, nous avons cherché à présenter aux lecteurs ce célèbre modèle d'évaluation d'actifs financiers afin qu'ils puissent profiter de cet outil pour se faire une meilleure idée du ratio risque/rentabilité qui sous-tend toute problématique financière.» Juliette Nève A PROPOS DE LA SERIE 50MINUTES Business La série «50MINUTES Business» fournit des outils pour comprendre rapidement de nombreuses théories et les concepts qui façonnent le monde économiques d'aujourd'hui. Nous avons conçu la collection en pensant aux nombreux professionnels obligés de se former en permanence en économie, en management, en stratégie ou en marketing. Nos auteurs combinent des éléments de théorie, des études de cas et de nombreux exemples pratiques pour permettre aux lecteurs de développer leurs compétences et leur expertise.
Download or read book Th orie moderne du portefeuille written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-17 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Qu'est-ce que la théorie moderne du portefeuille La théorie moderne du portefeuille (MPT), ou analyse moyenne-variance, est un cadre mathématique permettant d'assembler un portefeuille d'actifs tel que le rendement attendu est maximisé pour un niveau de risque donné. Il s’agit d’une formalisation et d’une extension de la diversification dans l’investissement, l’idée selon laquelle posséder différents types d’actifs financiers est moins risqué que d’en posséder un seul. Son idée clé est que le risque et le rendement d'un actif ne doivent pas être évalués en eux-mêmes, mais selon la manière dont il contribue au risque et au rendement globaux d'un portefeuille. La variance du rendement est utilisée comme mesure du risque, car elle est gérable lorsque les actifs sont regroupés en portefeuilles. Souvent, la variance et la covariance historiques des rendements sont utilisées comme approximation des versions prospectives de ces quantités, mais d'autres méthodes plus sophistiquées sont disponibles. Comment vous en bénéficierez (I) Informations et validations sur les sujets suivants : Chapitre 1 : Théorie moderne du portefeuille Chapitre 2 : Écart type Chapitre 3 : Variance Chapitre 4 : Distribution normale multivariée Chapitre 5 : Corrélation Chapitre 6 : Modèle de tarification des immobilisations Chapitre 7 : Matrice de covariance Chapitre 8 : Coefficient de corrélation de Pearson Chapitre 9 : Propagation de l'incertitude Chapitre 10 : Bêta (finance) Chapitre 11 : Erreur de suivi Chapitre 12 : Diversification (finance) Chapitre 13 : Le problème de portefeuille de Merton Chapitre 14 : Modèle à indice unique Chapitre 15 : Théorie post-moderne du portefeuille Chapitre 16 : Mesure du risque Chapitre 17 : Modèle Treynor-Black Chapitre 18 : Investissement basé sur les objectifs Chapitre 19 : Modèle de décision en deux moments Chapitre 20 : Théorème de séparation des fonds communs de placement Chapitre 21 : Corrélation financière (II) Répondre aux principales questions du public sur la théorie moderne du portefeuille. (III) Exemples concrets d'utilisation de la théorie moderne du portefeuille dans de nombreux domaines. Qui ce livre s'adresse aux professionnels, aux étudiants de premier cycle et des cycles supérieurs, aux passionnés, aux amateurs et à ceux qui souhaitent aller au-delà des connaissances ou des informations de base pour tout type de théorie moderne du portefeuille.
Download or read book La Th orie moderne du portefeuille written by Florin Aftalion and published by FeniXX. This book was released on 1998-01-01T00:00:00+01:00 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: La théorie moderne du portefeuille s'est développée à la suite des travaux de Markowitz et Sharpe. Elle repose sur l'analyse du compromis optimal rentabilité espérée – risque. Elle inspire aujourd'hui les méthodes de gestion quantitative des portefeuilles. Cet ouvrage étudie donc l'ensemble des concepts, modèles et outils utilisés en théorie de l'évaluation des actifs financiers, et la gestion des portefeuilles d'actifs financiers. Cet ouvrage est en phase avec une actualité liée à la crise financière internationale, à l'ouverture des frontières financières, à la globalisation des marchés et à la concurrence européenne.
Download or read book Frontiers of Investment Analysis written by E. Bruce Fredrikson and published by . This book was released on 1971 with total page 804 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Writing Friendship written by Paloma Gay y Blasco and published by Springer Nature. This book was released on 2019-11-23 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tells the remarkable story of the friendship between Liria Hernández, a Roma woman from Madrid, and Paloma Gay y Blasco, a non-Roma anthropologist. In this unique reciprocal experiment, the former informant returns the gaze to write about the anthropologist, her life and her environment. Through finely crafted and deeply moving text, Hernández and Gay y Blasco suggest new ways of doing and writing anthropology. The dialogue between Hernández and Gay y Blasco provides a courageous account of the entanglements and rewards of anthropological research. Drawing on letters, conversations, and fieldnotes gathered over twenty-five years, each of the authors talks about herself, the other, and the impact of anthropology on their two lives. They examine their intertwined trajectories as Spanish women and reflect on the challenges of devising their own reciprocal genre. Blending ethnography, life story and memoir, they undermine the dichotomy between author and subject around which scholarship still revolves.
Download or read book Organizing Smart Buildings and Cities written by Elisabetta Magnaghi and published by Springer Nature. This book was released on 2021-02-01 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United Nations included sustainable cities and communities in its 2030 SDGs. Cities and, on a smaller scale, neighborhoods, building managers and firms are now adopting technologies and information systems to help achieve the energy, economic, social and environmental transition. This volume gathers contributions on the key organizational success factors for this transition. To do so, it analyzes the role of information systems, use of data, and technological assistance solutions from multiple perspectives. The goal is to develop a framework that can successfully apply information systems to organizational and environmental issues for smart cities and smart buildings. Accordingly, the book addresses living-lab experiment evaluation techniques, and provides critical analyses of the role of the environment, context and users’ behavioral responses. In addition, it discusses key questions on the efficient management of resources, need for appropriate IT solutions, and employing co-creation with users to improve planning and organization.
Download or read book Leadership written by Barbara Kellerman and published by Prentice Hall. This book was released on 1984 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: An edited collection of thirteen original chapters by leadership experts from a variety of social science/business disciplines. The first treatment of leadership studies from an interdisciplinary perspective.
Download or read book Corporate Finance written by Pierre Vernimmen and published by John Wiley & Sons. This book was released on 2014-10-09 with total page 994 pages. Available in PDF, EPUB and Kindle. Book excerpt: Merging theory and practice into a comprehensive, highly-anticipated text Corporate Finance continues its legacy as one of the most popular financial textbooks, with well-established content from a diverse and highly respected author team. Unique in its features, this valuable text blends theory and practice with a direct, succinct style and commonsense presentation. Readers will be introduced to concepts in a situational framework, followed by a detailed discussion of techniques and tools. This latest edition includes new information on venture finance and debt structuring, and has been updated throughout with the most recent statistical tables. The companion website provides statistics, graphs, charts, articles, computer models, and classroom tools, and the free monthly newsletter keeps readers up to date on the latest happenings in the field. The authors have generously made themselves available for questions, promising an answer in seventy-two hours. Emphasizing how key concepts relate to real-world situations is what makes Corporate Finance a valuable reference with real relevance to the professional and student alike. Readers will gain insight into the methods and tools that shape the industry, allowing them to: Analyze investments with regard to hurdle rates, cash flows, side costs, and more Delve into the financing process and learn the tools and techniques of valuation Understand cash dividends and buybacks, spinoffs, and divestitures Explore the link between valuation and corporate finance As the global economy begins to recover, access to the most current information and statistics will be required. To remain relevant in the evolving financial environment, practitioners will need a deep understanding of the mechanisms at work. Corporate Finance provides the expert guidance and detailed explanations for those requiring a strong foundational knowledge, as well as more advanced corporate finance professionals.
Download or read book Market Volatility written by Robert J. Shiller and published by MIT Press. This book was released on 1992-01-30 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price fluctuations in speculative markets. It challenges the standard efficient markets model for explaining asset prices by emphasizing the significant role that popular opinion or psychology can play in price volatility. Why does the stock market crash from time to time? Why does real estate go in and out of booms? Why do long term borrowing rates suddenly make surprising shifts? Market Volatility represents a culmination of Shiller's research on these questions over the last dozen years. It contains reprints of major papers with new interpretive material for those unfamiliar with the issues, new papers, new surveys of relevant literature, responses to critics, data sets, and reframing of basic conclusions. Included is work authored jointly with John Y. Campbell, Karl E. Case, Sanford J. Grossman, and Jeremy J. Siegel. Market Volatility sets out basic issues relevant to all markets in which prices make movements for speculative reasons and offers detailed analyses of the stock market, the bond market, and the real estate market. It pursues the relations of these speculative prices and extends the analysis of speculative markets to macroeconomic activity in general. In studies of the October 1987 stock market crash and boom and post-boom housing markets, Market Volatility reports on research directly aimed at collecting information about popular models and interpreting the consequences of belief in those models. Shiller asserts that popular models cause people to react incorrectly to economic data and believes that changing popular models themselves contribute significantly to price movements bearing no relation to fundamental shocks.
Download or read book Understanding Consumption written by Angus Deaton and published by Oxford University Press. This book was released on 1992 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview of the saving and consumption patterns of households
Download or read book Central Banking in Turbulent Times written by Francesco Papadia and published by Oxford University Press. This book was released on 2018-03-09 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks came out of the Great Recession with increased power and responsibilities. Indeed, central banks are often now seen as 'the only game in town', and a place to put innumerable problems vastly exceeding their traditional remit. These new powers do not fit well, however, with the independence of central banks, remote from the democratic control of government. Central Banking in Turbulent Times examines fundamental questions about the central banking system, asking whether the model of an independent central bank devoted to price stability is the final resting point of a complex development that started centuries ago. It dissects the hypothesis that the Great Recession has prompted a reassessment of that model; a renewed emphasis on financial stability has emerged, possibly vying for first rank in the hierarchy of objectives of central banks. This raises the risk of dilemmas, since the Great Recession brought into question implicit assumptions that the pursuit of price stability would also lead to financial stability. In addition, the border between monetary and fiscal policy was blurred both in the US and in Europe. Central Banking in Turbulent Times asks whether the model prevailing before the Great Recession has been irrevocably altered. Are we entering, as Charles Goodhart has hypothesized, into the 'fourth epoch' of central banking? Are changes to central banks part of a move away from the global liberal order that seemed to have prevailed at the turn of the century? Central Banking in Turbulent Times seeks to answer these questions as it examines how changes can allow for the maintenance of price stability, while adapting to the long-term consequences of the Great Recession.
Download or read book Entrepreneurship As Practice written by Neil Aaron Thompson and published by Routledge. This book was released on 2021-08-19 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative book takes seriously the ordinary activities of entrepreneurship and maps out new pathways for scholars to understand the nature, properties, and implications of studying practices for entrepreneurship studies. Entrepreneurship is neither an art nor a science, but a bundle of practices, as Peter Drucker once observed. Curiously however, academic research on entrepreneurship mostly abstracts away from practical activity. In contrast, Entrepreneurship As Practice takes ordinary activities of entrepreneurship seriously by mapping out new pathways for scholars to consider the everyday practices through which entrepreneurship occurs. Each chapter draws on contemporary theories of practice to illuminate the nature, properties, and implications of studying the practices of entrepreneurship. The chapters in this book were originally published as a special issue of the journal Entrepreneurship & Regional Development.
Download or read book Financial Markets and the Real Economy written by John H. Cochrane and published by Now Publishers Inc. This book was released on 2005 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.
Download or read book The Random Character of Stock Market Prices written by Paul H. Cootner and published by MIT Press (MA). This book was released on 1967 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of the Economics of Finance written by G. Constantinides and published by Elsevier. This book was released on 2003-11-04 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arbitrage, State Prices and Portfolio Theory / Philip h. Dybvig and Stephen a. Ross / - Intertemporal Asset Pricing Theory / Darrell Duffle / - Tests of Multifactor Pricing Models, Volatility Bounds and Portfolio Performance / Wayne E. Ferson / - Consumption-Based Asset Pricing / John y Campbell / - The Equity Premium in Retrospect / Rainish Mehra and Edward c. Prescott / - Anomalies and Market Efficiency / William Schwert / - Are Financial Assets Priced Locally or Globally? / G. Andrew Karolyi and Rene M. Stuli / - Microstructure and Asset Pricing / David Easley and Maureen O'hara / - A Survey of Behavioral Finance / Nicholas Barberis and Richard Thaler / - Derivatives / Robert E. Whaley / - Fixed-Income Pricing / Qiang Dai and Kenneth J. Singleton.
