Modern investment theory:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Englewood Cliffs, NJ
Prentice Hall
1990
|
| Ausgabe: | 2. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXIII, 696 S. 1 Diskette |
| ISBN: | 0135947979 0135987156 |
Internformat
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| 264 | 1 | |a Englewood Cliffs, NJ |b Prentice Hall |c 1990 | |
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Datensatz im Suchindex
| _version_ | 1804119497623207937 |
|---|---|
| adam_text | CONTENTS
IN BRIEF
PART ONE BACKGROUND
1 Introduction to Modern Investment Theory 1
2 Securities and Markets 8
3 Some Statistical Concepts 42
PART TWO PORTFOLIO MANAGEMENT
4 Combining Individual Securities into Stock Portfolios 70
5 Finding the Efficient Set 97
6 Index Models 152
PART THREE RISK, EXPECTED RETURN, AND PERFORMANCE
MEASUREMENT
7 The Capital Asset Pricing Model 197
8 Empirical Tests of the Capital Asset Pricing Model 233
9 The Arbitrage Pricing Theory 256
10 Measuring Portfolio Performance 278
VI CONTENTS IN BRIEF
PART FOUR INTEREST RATES AND BOND MANAGEMENT
11 The Level of Interest Rates 310
12 The Term Structure of Interest Rates 336
13 Bond Portfolio Management 379
14 Interest Immunization 391
FART FIVE THE PRICING OF COMPLEX SECURITIES
15 European Option Pricing 420
16 American Option Pricing 464
17 Additional Issues in Option Pricing 479
18 Financial Forward and Futures Contracts 509
PART SIX ISSUES IN INVESTMENT MANAGEMENT
19 The Effect of Taxes on Investment Strategy
and Securities Prices 540
20 Stock Valuation 561
21 Issues in Estimating Future Earnings and Dividends 580
22 Market Efficiency: The Concept 600
23 Market Efficiency: The Evidence 620
Appendix 8: Additional Properties of the
Minimum Variable Set 672
Glossary 681
Index 689
CONTENTS
PREFACE xvii
PART ONE BACKGROUND
1 INTRODUCTION TO MODERN
INVESTMENT THEORY 1
Introduction / THE DEVELOPMENT OF MODERN INVESTMENT
THEORY 2 WHY SHOULD YOU LEARN MODERN INVESTMENT
THEORY? 5
2 SECURITIES AND MARKETS 8
Introduction 8 SECURITIES 9 Government Bonds 9 Corporate Fixed
Income Securities 13 Corporate Stock 17 Options and Warrants 20
Forward and Futures Contracts 24 The Shares of Investment Companies and
Mutual Funds 25 THE FINANCIAL MARKETS 27 The Difference
Between Primary and Secondary Markets 27 The Organized Exchanges for
Common Stock and Bonds 28 Organized Exchanges for Options 31
Organized Exchanges for Futures Contracts 32 The Over the Counter
Market 33 Computerized Trading Techniques 33 Summary 38
vii
VJii CONTENTS
3 SOME STATISTICAL CONCEPTS 42
Introduction 42 THE SIMPLE OR MARGINAL PROBABILITY
DISTRIBUTION 43 The Population Expected Value and Variance 44
THE JOINT PROBABILITY DISTRIBUTION 47 The Sample
Covariance 47 The Population Covariance 49 The Correlation
Coefficient 52 The Coefficient of Determination 55 THE
RELATIONSHIP BETWEEN A STOCK AND THE MARKET
PORTFOLIO 56 The Characteristic Line 56 The Beta Factor 57
Residual Variance 58 Summary 67
PART TWO PORTFOLIO MANAGEMENT
4 COMBINING INDIVIDUAL STOCKS
INTO PORTFOLIOS 70
Introduction 70 THE RISK AND EXPECTED RETURN OF A
PORTFOLIO 72 The Portfolio s Rate of Return 72 The Portfolio s
Expected Rate of Return 74 The Portfolio s Variance 74 The Case of
Perfect Positive and Negative Correlation 80 Borrowing and Lending at a
Risk Free Rate 86 Summary 87 APPENDIX 1: FORMULAS FOR THE
EXPECTED RATE OF RETURN AND VARIANCE OF A PORTFOLIO 88
5 FINDING THE EFFICIENT SET 97
Introduction 97 The Minimum Variance and Efficient Sets 98 FINDING
THE EFFICIENT SET WITH SHORT SELLING 99 The Iso expected
Return Lines 59 The Iso variance Ellipses 104 The Critical Line 707
FINDING THE MINIMUM VARIANCE WITHOUT SHORT SELLING 112
TWO IMPORTANT PROPERTIES OF THE MINIMUM VARIANCE
SET 116 Summary 725 APPENDIX 2: A THREE DIMENSIONAL
APPROACH TO FINDING THE EFFICIENT SET 725 APPENDIX 3:
USING LAGRANGIAN MULTIPLIERS TO FIND THE MINIMUM
VARIANCE SET 134 APPENDIX 4: PROOF OF PROPERTY II 136
CONTENTS JX
6 INDEX MODELS 252
Introduction 152 THE SINGLE INDEX MODEL 153 The Assumption of
the Single Index Model 153 The Single Index Model s Simplified Formula
for Portfolio Variance 156 An Example in Which the Single Index Model
Works 161 An Example of a Potential Problem with the Single Index
Model 164 What is the Correlation Between the Residuals of Different
Companies 766 MULTI INDEX MODELS 168 The Assumption of
Multi Index Models 168 The Equation for Portfolio Variance Under the
Multi Index Model 169 Estimating Portfolio Variance Using a Multi Index
Model: An Example 169 USING INDEX MODELS TO TRACK A
TARGET 171 Using a Full Covariance Approach to Track a Target 173
Using a Full Covariance Approach to Find the Portfolio Most Highly
Correlated with the Index 175 How to Use Index Models to Find the
Optimal Portfolios Conditional on an Economic Forecast 177 ESTIMATING
BETAS AND RESIDUAL VARIANCES FOR INDEX MODELS 180
Sample Estimates for Population Values 181 Modified Sample
Estimates 181 Employing Firm Characteristics to Estimate Population
Values 184 Summary 755
PART THREE RISK, EXPECTED RETURN, AND
PERFORMANCE MEASUREMENT
7 THE CAPITAL ASSET PRICING MODEL 297
Introduction 797 THE ASSUMPTIONS OF THE CAPITAL ASSET
PRICING MODEL 198 Assumption I: Investors Can Choose Between
Portfolios on the Basis of Expected Return and Variance 198 Assumption
II: All Investors Are in Agreement Regarding the Planning Horizon and the
Distributions of Security Returns 202 Assumption IN: There Are No
Frictions in the Capital Market 202 THE CAPITAL ASSET PRICING
MODEL WITH UNLIMITED BORROWING AND LENDING AT A RISK
FREE RATE 203 The Capital Market Line 203 Measuring the Risk of
an Individual Asset 205 The Relationship Between the Risk of a Stock and
Its Expected Rate of Return 207 The Positioning of Characteristic Lines
Under the Capital Asset Pricing Model 209 The Positions of Individual
Stocks in Expected Return, Standard Deviation Space 277 Market Pressure
to Assume Equilibrium Prices 275 THE CAPITAL ASSET PRICING
MODEL WITH NO RISK FREE ASSET 218 THE CAPITAL ASSET
PRICING MODEL WHEN A RISK FREE ASSET EXISTS BUT WE CAN T
SELL IT 227 Summary 223
X CONTENTS
8 EMPIRICAL TESTS OF THE CAPITAL
ASSET PRICING MODEL 233
Introduction 233 TRADITIONAL TESTS OF THE CAPITAL ASSET
PRICING MODEL 234 The Test of Black, Jensen, and Scholes
(1972) 235 The Fama MacBeth Study (1974) 237 ROLL S CRITIQUE
OF TESTS OF THE CAPITAL ASSET PRICING MODEL 240
Previous Tests as Tautologies 240 Can the Capital Asset Pricing
Model Ever Be Tested? 245 THE OTHER SIDE OF THE ISSUE 247
Tautologies Can t Predict the Future 247 Can You Reject the CAPM
if You Find No Efficient Portfolios with Positive Portfolio Weights 249
Testing a Contained CAPM 249 Sensitivity Analysis to Alternative
Market Indices 250 MORE RECENT TESTS OF THE CAPM 250
Summary 252
9 THE ARBITRAGE PRICING THEORY 256
Introduction 256 DERIVING THE ARBITRAGE PRICING THEORY 257
The APT with an Infinite Number of Securities 258 The APT with a Finite
Number of Securities 263 EMPIRICAL TESTS OF THE APT 265
Initial Empirical Tests 265 Is the APT Testable in Principle? 266
THE CONSISTENCY OF THE APT AND THE CAPM 268
Summary 269
10 MEASURING PORTFOLIO
PERFORMANCE 278
Introduction 278 MEASURING THE RATE OF RETURN TO A
PORTFOLIO 279 THE NEED FOR RISK ADJUSTED PERFORMANCE
MEASURES 280 RISK ADJUSTED PERFORMANCE MEASURES BASED
ON THE CAPITAL ASSET PRICING MODEL 282 The Jensen
Index 284 The Treynor Index 287 The Sharpe Index 288 PITFALLS
IN MEASURING PERFORMANCE WITH THE JENSEN, TREYNOR, AND
SHARP INDICES 290 Misspecifying the Market Pricing Structure 290
Misspecification of the Market Index 295 MEASURING
PERFORMANCE USING THE ARBITRAGE PRICING THEORY 297
Summary 300
CONTENTS XJ
PART FOUR INTEREST RATES AND BOND MANAGEMENT
11 THE LEVEL OF INTEREST RATES 320
Introduction 310 THE REAL AND NOMINAL RATES OF
INTEREST 311 INTEREST RATES AND THE SUPPLY AND DEMAND
FOR MONEY 312 The Transactions Demand for Money 312 The
Speculative Demand for Money 314 The Total Demand for Money 575
The Supply of Money and the Equilibrium Interest Rate 317
INVESTMENT, SAVING, AND NATIONAL INCOME 319 THE EFFECT
OF A CHANGE IN THE MONEY SUPPLY ON REAL AND NOMINAL
INTEREST RATES 322 THE EFFECT OF A CHANGE IN FISCAL
POLICY 326 A Tax Cut 326 Monetizing the Deficit 330
Summary 331
12 THE TERM STRUCTURE OF INTEREST
RATES 336
Introduction 336 THE NATURE AND HISTORY OF THE TERM
STRUCTURE 337 DRAWING THE TERM STRUCTURE 340
METHODS OF COMPUTING THE YIELD TO MATURITY 343 The
Arithmetic Mean Yield to Maturity 343 The Geometric Mean Yield to
Maturity 343 The Internal Yield to Maturity 345 A BRIEF OVERVIEW
OF THE THREE THEORIES OF THE TERM STRUCTURE 345 THE
MARKET EXPECTATIONS THEORY OF THE TERM STRUCTURE 346
THE LIQUIDITY PREFERENCE THEORY OF THE TERM
STRUCTURE 349 THE MARKET SEGMENTATION THEORY OF THE
TERM STRUCTURE 352 DERIVING THE MARKET S FORECAST OF
FUTURE INTEREST RATES FROM THE TERM STRUCTURE 355
Finding the Market s Forecast from Arithmetric Mean Yields 355 Finding
the Market s Forecast with Internal Yields 358 Summary 361
APPENDIX 5: AVERAGING MULTIPLE RATES OF RETURN 362
13 BOND PORTFOLIO MANAGEMENT 379
Introduction 376 ESTIMATING THE EXPECTED RETURN OF A BOND
FOR PORTFOLIO ANALYSIS 377 Forecasting Expected Returns on
XJJ CONTENTS
Treasury Bonds 377 Forecasting Expected Returns on Corporate
Bonds 380 A DURATION BASED APPROACH TO ESTIMATING THE
RISK OF A BOND PORTFOLIO 382 A MARKOWITZ APPROACH TO
BOND RISK MANAGEMENT 384 DIVIDING THE PORTFOLIO
BETWEEN BONDS AND STOCK 385 Summary 385
14 INTEREST IMMUNIZATION 391
Introduction 391 CASH MATCHING AND INTEREST
IMMUNIZATION 392 ALTERNATIVE MEASURES OF
DURATION 394 Macaulay s Duration 394 Fisher Weil Duration 395
Duration and Yield Elasticity 395 Duration and the Response of the Value
of a Stream of Payments or Receipts to a Change in Discount Rates 399
Cox, Ingersoll, Ross Duration 399 IMMUNIZING WITH MACAULAY S
DURATION: THE CASE OF A SINGLE PAYMENT LIABILITY 400 The
Effect of Interest Rate Changes on Present Values 401 The Effect of
Interest Rate Changes on Terminal Values 402 COMPUTING THE
MACAULAY DURATION AND INTERNAL YIELD OF A BOND
PORTFOLIO 404 Combination Lines for Internal Yield and Duration 407
IMMUNIZING WITH THE MACAULAY DURATION: THE CASE OF A
MULTIPLE PAYMENT LIABILITY 407 A TEST OF THE RELATIVE
EFFECTIVENESS OF THE THREE DURATION MEASURES 409
Summary 411
PART FIVE THE PRICING OF COMPLEX SECURITIES
15 EUROPEAN OPTION PRICING 420
Introduction 420 PRICING OPTIONS UNDER RISK NEUTRALITY AND
UNIFORM PROBABILITY DISTRIBUTIONS 421 Valuing a Call
Option 421 Valuing a Put Option 424 The Relationship Between Option
Values and Stock Values 425 The Effect of a Change in Stock Variance on
Option Values 429 BINOMIAL OPTION PRICING 431 Binomial Call
Option Pricing over a Single Period 432 Binomial Put Option Pricing over
a Single Period 435 Binomial Option Pricing over Multiple Periods 436
VALUING OPTIONS USING THE BLACK SCHOLES FRAMEWORK 441
The Black Scholes Value for a Call Option 445 Estimating the Variance of
the Stock s Return 448 The Black Scholes Value for a Put Option 449
The Relationship Between Black Scholes Put and Call Values and Underlying
Stock Prices 449 Using the Black Scholes Framework to Value Options on
CONTENTS xiii
Stocks that Pay Dividends 449 PUT CALL PARITY 451
Summary 453 APPENDIX 6: PROOF THAT 2Vc/2Vs IS THE
PROBABILITY OF EXERCISE FOR A CALL OPTION ON A STOCK WITH
A UNIFORM DISTRIBUTION 454
16 AMERICAN OPTION PRICING 464
Introduction 464 THE LOWER LIMITS TO THE VALUE OF AMERICAN
OPTIONS 465 Floors Supporting American Call Options 465 Market
Forces Supporting the Hard Floor 466 Market Forces Supporting the Soft
Floor 468 Floors Supporting American Put Options 468 THE VALUE
OF EARLY EXERCISE 469 When the Right to Exercise Early Has No
Value 469 How Dividend Payments May Induce Early Exercise of
American Call Options 470 Early Exercise of American Put Options 471
THE BINOMIAL MODEL AS AN AMERICAN OPTION PRICING
MODEL 472 Summary 473 APPENDIX 7: THE GESKE ROLL
WHALLEY AMERICAN OPTION PRICING MODEL 474
17 ADDITIONAL ISSUES IN OPTION
PRICING 479
Introduction 479 USING THE OPTION PRICING FORMULAS TO FIND
THE MARKET S ESTIMATE OF THE STOCK S VARIANCE 480 BIAS
PROBLEMS IN OPTION PRICING MODELS 481 Changing Volatility as a
Source of Bias in Option Pricing Models 483 Bias from Using European
Models to Value American Options 485 Pricing Bias Resulting from Bias in
the Model s Inputs 486 OPTION STRATEGIES 487 The Straddle 487
The Butterfly Spread 489 Computing the Expected Return on an Option
Strategy 490 Delta, Gamma, and Theta 491 Getting Delta Neutral 493
Portfolio Insurance 496 COMPLEX SECURITIES AS PORTFOLIOS OF
OPTIONS 500 Common Stock as an Option 500 Bonds as Portfolios of
Options and Option Complements 502 Summary 503
18 FINANCIAL FORWARD AND FUTURES
CONTRACTS soy
Introduction 509 CHARACTERISTICS OF FORWARD AND FUTURES
CONTRACTS 570 THE DETERMINATION OF FORWARD
PRICES 512 The Relationship Between the Forward Price and the Current
Commodity Price 512 The Relationship Between the Forward Price and the
Expected Commodity Price 516 The Consistency of the Two Expressions
for the Forward Price 519 Market Value of Previously Issued Forward
Contracts 520 DETERMINATION OF FUTURES PRICES 521 The Sign
XJV CONTENTS
of the Premiums for Various Financial Futures 528 The Significance of the
Premiums to Investors and Financial Managers 528 THE SECURITY
UNDERLYING A FUTURES CONTRACT TO BUY TREASURY
BONDS 529 HEDGING WITH BOND FUTURES CONTRACTS 530
USES OF STOCK INDEX FUTURES 531 FULL COVARIANCE
APPROACH TO CONSTRUCTING A FUTURES OVERLAY 532
Summary 533
PART SIX ISSUES IN INVESTMENT MANAGEMENT
19 THE EFFECT OF TAXES ON INVESTMENT
STRATEGY AND SECURITIES PRICES 540
Introduction 540 THE TAX STRUCTURE 541 What Investment Income
Is Taxed? 541 Capital Gains and Losses 542 TAXES AND
INVESTMENT STRATEGY 542 Computing After Tax Rates of
Return 542 The Locked In Effect 544 Dividend Clienteles 548 THE
EFFECT OF TAXES ON SECURITIES PRICES 549 The Effect of
Dividends on Expected Stock Returns 549 Relative Expected Returns on
Taxable and Tax Exempt Securities 551 Summary 555
20 STOCK VALUATION 562
Introduction 561 A FRAMEWORK FOR VALUING COMMON
STOCKS 562 Dividends Versus Earnings 563 The Constant Growth
Model 563 The Multistage Growth Model 564 COMPUTERIZED
THREE STAGE STOCK VALUATION 568 PRICE EARNINGS
RATIOS 570 What Determines the Level of the Price Earnings
Ratio? 570 Changes That Can Be Expected in the Price Earnings Ratio over
Time 575 Summary 577
21 ISSUES IN ESTIMATING FUTURE
EARNINGS AND DIVIDENDS 580
Introduction 580 PAYING IN ADVANCE FOR GROWTH 581
GROWTH AND STOCK VALUATION: AN HISTORICAL
PERSPECTIVE 587 THE ACCURACY OF PREDICTIONS OF GROWTH
IN EARNINGS AND DIVIDENDS 589 Is Past Growth a Reliable Guide to
CONTENTS XV
Future Growth? 589 The Accuracy of Growth Forecasts Made by
Professional Analysts 591 The Accuracy of Short Term Professional
Forecasts 591 The Accuracy of Long Term Professional Forecasts 594
IMPLICATIONS FOR INVESTMENT STRATEGY 595 Summary 596
22 MARKET EFFICIENCY: THE CONCEPT eoo
Introduction 600 FORMS OF THE EFFICIENT MARKET
HYPOTHESIS 607 THE SIGNIFICANCE OF THE EFFICIENT MARKET
HYPOTHESIS 604 RISK AND EXPECTED RETURN IN AN EFFICIENT
MARKET 606 QUICK AND ACCURATE RESPONSE TO NEW
INFORMATION 609 RANDOM CHANGES IN STOCK PRICES 611
FAILURE OF SIMULATED TRADING STRATEGIES 672 MEDIOCRITY
IN THE PERFORMANCE OF INFORMED INVESTORS 674 Summary 675
23 MARKET EFFICIENCY: THE EVIDENCE 620
Introduction 620 DO SECURITY PRICES RESPOND RAPIDLY AND
ACCURATELY TO THE RECEIPT OF NEW INFORMATION? 627
Measuring Stock Price Response 621 The Response of Stock Prices to the
Announcement of a Stock Split 624 The Reaction of Stock Prices to
Quarterly Earnings Reports 626 ARE CHANGES IN STOCK PRICES
RANDOM? 629 Studies of Serial Correlation 629 The Day of the Week
Effect 633 Studies of Seasonality 633 DO TRADING RULES FAIL
UNDER SIMULATION? 647 ARE PROFESSIONAL INVESTORS
DISTINCTIVE IN TERMS OF THEIR PERFORMANCE? 655
Summary 664
APPENDIX 8: ADDITIONAL PROPERTIES OF THE
MINIMUM VARIANCE SET 672
GLOSSARY 681
INDEX 689
|
| any_adam_object | 1 |
| author | Haugen, Robert A. |
| author_facet | Haugen, Robert A. |
| author_role | aut |
| author_sort | Haugen, Robert A. |
| author_variant | r a h ra rah |
| building | Verbundindex |
| bvnumber | BV005295378 |
| callnumber-first | H - Social Science |
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| callnumber-raw | HG4529.H38 1990 |
| callnumber-search | HG4529.H38 1990 |
| callnumber-sort | HG 44529 H38 41990 |
| callnumber-subject | HG - Finance |
| classification_rvk | QK 620 QK 800 |
| ctrlnum | (OCoLC)20265113 (DE-599)BVBBV005295378 |
| dewey-full | 332.620 332.6 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
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| dewey-search | 332.6 20 332.6 |
| dewey-sort | 3332.6 220 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed. |
| format | Book |
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| genre | 1\p (DE-588)4151278-9 Einführung gnd-content |
| genre_facet | Einführung |
| id | DE-604.BV005295378 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T16:27:07Z |
| institution | BVB |
| isbn | 0135947979 0135987156 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-003306479 |
| oclc_num | 20265113 |
| open_access_boolean | |
| owner | DE-473 DE-BY-UBG DE-703 DE-739 DE-N2 DE-188 DE-19 DE-BY-UBM |
| owner_facet | DE-473 DE-BY-UBG DE-703 DE-739 DE-N2 DE-188 DE-19 DE-BY-UBM |
| physical | XXIII, 696 S. 1 Diskette |
| publishDate | 1990 |
| publishDateSearch | 1990 |
| publishDateSort | 1990 |
| publisher | Prentice Hall |
| record_format | marc |
| spelling | Haugen, Robert A. Verfasser aut Modern investment theory Robert A. Haugen 2. ed. Englewood Cliffs, NJ Prentice Hall 1990 XXIII, 696 S. 1 Diskette txt rdacontent n rdamedia nc rdacarrier Investment analysis Portfolio management Kapitalmarkttheorie (DE-588)4137411-3 gnd rswk-swf Portfolio Selection (DE-588)4046834-3 gnd rswk-swf Portfoliomanagement (DE-588)4115601-8 gnd rswk-swf Investitionstheorie (DE-588)4162257-1 gnd rswk-swf Finanzanalyse (DE-588)4133000-6 gnd rswk-swf Strategisches Management (DE-588)4124261-0 gnd rswk-swf 1\p (DE-588)4151278-9 Einführung gnd-content Portfoliomanagement (DE-588)4115601-8 s DE-604 Investitionstheorie (DE-588)4162257-1 s Strategisches Management (DE-588)4124261-0 s Finanzanalyse (DE-588)4133000-6 s Portfolio Selection (DE-588)4046834-3 s 2\p DE-604 Kapitalmarkttheorie (DE-588)4137411-3 s 3\p DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003306479&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Haugen, Robert A. Modern investment theory Investment analysis Portfolio management Kapitalmarkttheorie (DE-588)4137411-3 gnd Portfolio Selection (DE-588)4046834-3 gnd Portfoliomanagement (DE-588)4115601-8 gnd Investitionstheorie (DE-588)4162257-1 gnd Finanzanalyse (DE-588)4133000-6 gnd Strategisches Management (DE-588)4124261-0 gnd |
| subject_GND | (DE-588)4137411-3 (DE-588)4046834-3 (DE-588)4115601-8 (DE-588)4162257-1 (DE-588)4133000-6 (DE-588)4124261-0 (DE-588)4151278-9 |
| title | Modern investment theory |
| title_auth | Modern investment theory |
| title_exact_search | Modern investment theory |
| title_full | Modern investment theory Robert A. Haugen |
| title_fullStr | Modern investment theory Robert A. Haugen |
| title_full_unstemmed | Modern investment theory Robert A. Haugen |
| title_short | Modern investment theory |
| title_sort | modern investment theory |
| topic | Investment analysis Portfolio management Kapitalmarkttheorie (DE-588)4137411-3 gnd Portfolio Selection (DE-588)4046834-3 gnd Portfoliomanagement (DE-588)4115601-8 gnd Investitionstheorie (DE-588)4162257-1 gnd Finanzanalyse (DE-588)4133000-6 gnd Strategisches Management (DE-588)4124261-0 gnd |
| topic_facet | Investment analysis Portfolio management Kapitalmarkttheorie Portfolio Selection Portfoliomanagement Investitionstheorie Finanzanalyse Strategisches Management Einführung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003306479&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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