Modern portfolio theory and investment analysis:
Saved in:
| New Title: | Modern portfolio theory and investment analysis |
|---|---|
| Main Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
New York, NY [u.a.]
Wiley
1995
|
| Edition: | 5. ed. |
| Subjects: | |
| Online Access: | Table of Contents Inhaltsverzeichnis |
| Physical Description: | XIX, 715 S. graph. Darst. |
| ISBN: | 0471007439 |
Staff View
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| 100 | 1 | |a Elton, Edwin J. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Modern portfolio theory and investment analysis |c Edwin J. Elton ; Martin J. Gruber |
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| 264 | 1 | |a New York, NY [u.a.] |b Wiley |c 1995 | |
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Record in the Search Index
| _version_ | 1804135253609021440 |
|---|---|
| adam_text | Contents
Part 1 INTRODUCTION 1
Chapter 1 INTRODUCTION 2
Outline of the Book 2
The Economic Theory of Choice: An Illustration Under Certainty 4
Conclusion 8
Multiple Assets and Risk 8
Questions and Problems 9
Bibliography 10
Chapter 2 FINANCIAL SECURITIES 11
Types of Marketable Financial Securities 11
The Return Characteristics of Alternative Security Types 19
Stock Market Indexes 22
Bond Market Indexes 23
Conclusion 24
Chapter 3 FINANCIAL MARKETS 25
Trading Mechanics 25
Margin 28
Markets 32
Trade Types and Costs 40
Conclusion 42
Bibliography 42
Part 2 PORTFOLIO ANALYSIS 43
/ Section 1 MEAN VARIANCE PORTFOLIO THEORY 45
xiii
XIV CONTENTS
/ Chapter 4 THE CHARACTERISTICS OF THE OPPORTUNITY
SET UNDER RISK 46
Determining the Average Outcome 47
A Measure of Dispersion 49
Variance of Combinations of Assets 51
Characteristics of Portfolios in General 55
Two Concluding Examples 62
Conclusion 66
Questions and Problems 67
Bibliography 68
{ Chapter 5 DELINEATING EFFICIENT PORTFOLIOS 70
Combinations of Two Risky Assets Revisited: Short Sales
Not Allowed 70
The Shape of the Portfolio Possibilities Curve 80
The Efficient Frontier with Riskless Lending and Borrowing 88
Three Examples 91
Conclusion 94
Questions and Problems 95
Bibliography 96
) Chapter 6 TECHNIQUES FOR CALCULATING THE EFFICIENT FRONTIER 97
Short Sales Allowed with Riskless Lending and Borrowing 98
Short Sales Allowed: No Riskless Lending and Borrowing 102
Riskless Lending and Borrowing with Short Sales Not Allowed 103
No Short Selling and No Riskless Lending and Borrowing 104
The Incorporation of Additional Constraints 105
An Example 105
Conclusion 109
Appendix A: An Alternative Definition of Short Sales 110
Appendix B: Determining the Derivative 111
Appendix C: Solving Systems of Simultaneous Equations 114
Appendix D: A General Solution 116
Appendix E: Quadrative Programming and Kuhn Tucker
Conditions 122
Questions and Problems 124
Bibliography 125
Section 2 SIMPLIFYING THE PORTFOLIO SELECTION PROCESS 127
Chapter 7 THE CORRELATION STRUCTURE OF SECURITY RETURNS:
THE SINGLE INDEX MODEL 128
The Inputs to Portfolio Analysis 129
Single Index Models: An Overview 130
Characteristics of the Single Index Model 135
Estimating Beta 137
The Market Model 152
An Example 152
CONTENTS XV
Questions and Problems 154
Bibliography 155
Chapter 8 THE CORRELATION STRUCTURE OF SECURITY RETURNS:
MULTI INDEX MODELS AND GROUPING TECHNIQUES 160
Multi index Models 161
Average Correlation Models 168
Mixed Models 169
Fundamental Multi Index Models 170
Conclusion 174
Appendix A: Procedure for Reducing Any Multi Index Model
to a Multi Index Model with Orthogonal Indices 174
Appendix B: Mean Return, Variance, and Covariance
of a Multi Index Model 175
Questions and Problems 177
Bibliography 178
Chapter 9 SIMPLE TECHNIQUES FOR DETERMINING
THE EFFICIENT FRONTIER 181
The Single Index Model 182
Security Selection with a Purchasable Index 194
The Constant Correlation Model 195
Other Return Structures 198
An Example 198
Conclusion 199
Appendix A: Single Index Model—Short Sales Allowed 200
Appendix B: Constant Correlation Coefficient—Short Sales
Allowed 202
Appendix C: Single Index Model with Short Sales Not Allowed 203
Appendix D: Constant Correlation Coefficient—Short Sales
Not Allowed 205
Appendix E: Single Index Model, Short Sales Allowed,
and a Market Asset 206
Questions and Problems 207
Bibliography 208
Section 3 SELECTING THE OPTIMUM PORTFOLIO 209
}: Chapter 10 UTILITY ANALYSIS 210
An Introduction to Preference Functions 211
The Economic Properties of Utility Functions 214
Empirical Evidence on the Suitability of Alternative
Preference Functions 221
/ Appendix A: An Axiomatic Derivation of the Expected
Utility Theorem 222
Appendix B: Absolute and Relative Risk Aversion 226
Questions and Problems 228
Bibliography 229
XVI CONTENTS
/ Chapter 11 OTHER PORTFOLIO SELECTION MODELS 231
Maximizing the Geometric Mean Return 232
/, Safety First 235
Stochastic Dominance 240
Skewness and Portfolio Analysis 247
Conclusion 248
Y Appendix A: Safety First with Riskless Lending and Borrowing 248
Appendix B: Proof of the Sufficiency of the Stochastic
Dominance Theorems 252
Questions and Problems 254
Bibliography 255
Section 4 WIDENING THE SELECTION UNIVERSE 261
Chapter 12 INTERNATIONAL DIVERSIFICATION 262
The World Portfolio 262
Calculating the Return on Foreign Investments 264
The Risk of Foreign Securities 266
Returns from International Diversification 272
The Effect of Exchange Risk 274
Return Expectations and Portfolio Performance 276
Other Evidence on Internationally Diversified Portfolios 279
Models for Managing International Portfolios 284
Conclusion 288
Questions and Problems 288
Bibliography 290
Part 3 MODELS OF EQUILIBRIUM IN THE CAPITAL
MARKETS 293 ,
Chapter 13 THE STANDARD CAPITAL ASSET PRICING MODEL 294
The Assumptions Underlying the Standard Capital Asset
Pricing Model (CAPM) 294
The Capital Asset Pricing Model 296
Prices and the CAPM 304
Conclusion 306
Questions and Problems 308
Bibliography 309
Chapter 14 NONSTANDARD FORMS OF CAPITAL ASSET PRICING MODELS 311
Short Sales Disallowed 312
Modifications of Riskless Lending and Borrowing 312
Personal Taxes 323
Nonmarketable Assets 324
Heterogeneous Expectations 326
Non Price Taking Behavior 327
CONTENTS XVN
j
i Multiperiod CAPM 328
• The Consumption Oriented CAPM 329
j Inflation Risk and Equilibrium 330
i The Multi Beta CAPM 330
j Conclusion 331
I Appendix: Derivation of the General Equilibrium with Taxes 332
I Questions and Problems 334
Bibliography 335
Chapter 15 EMPIRICAL TESTS OF EQUILIBRIUM MODELS 341
The Models—Ex Ante Expectations and Ex Post Tests 341
Empirical Tests of the CAPM 343
Testing Some Alternative Forms of the CAPM Model 355
Testing the Post Tax Form of the CAPM Model 355
Some Reservations About Traditional Tests of General Equilibrium
Relationships and Some New Research 359
Conclusion 361
Appendix: Random Errors in Beta and Bias in the Parameters
of the CAPM 362
Questions and Problems 363
Bibliography 364
Chapter 16 THE ARBITRAGE PRICING MODEL APT—A NEW APPROACH
TO EXPLAINING ASSET PRICES 368
APT—What Is It? 368
Estimating and Testing APT 374
APT and CAPM 386
Recapitulation 388
Conclusion 397
Appendix A: A Simple Example of Factor Analysis 397
Appendix B: Specification of the APT with an Unobserved
Market Factor 398
Questions and Problems 399
Bibliography 400
Part 4 SECURITY ANALYSIS AND PORTFOLIO THEORY 405
Chapter 17 EFFICIENT MARKETS 406
Some Background 409
Tests of Return Predictability 410
Announcement and Price Return 427
Methodology of Event Studies 428
Strong Form Efficiency 434
Market Rationality 437
Conclusion 439
Questions and Problems 439
Bibliography 440
xviii contents
Chapter 18 THE VALUATION PROCESS 449
Discounted Cash Flow Models 450
Cross sectional Regression Analysis 462
An Ongoing System 466
Conclusion 472
Questions and Problems 472
Bibliography 473
Chapter 19 EARNINGS ESTIMATION 477
The Elusive Number Called Earnings 477
The Importance of Earnings 481
Characteristics of Earnings and Earnings Forecasts 483
Conclusion 491
Questions and Problems 492
Bibliography 492
Chapter 20 INTEREST RATE THEORY AND THE PRICING OF BONDS 494
An Introduction to Debt Securities 495
The Many Definitions of Rates 497
Bond Prices and Spot Rates 505
Determining Spot Rates 506
The Determinants of Bond Prices 508
Conclusion 526
Appendix A: Special Considerations in Bond Pricing 526
Appendix B: Estimating Spot Rates 527
Appendix C: Calculating Bond Equivalent Yield and Effective
Annual Yield 529
Questions and Problems 529
Bibliography 530
Chapter 21 ^/THE MANAGEMENT OF BOND PORTFOLIOS 534
y Duration 534
r Protecting Against Term Structure Shifts 541
Bond Portfolio Management of Yearly Returns 547
Swaps 557
^Appendix A: Duration Measures 559
Appendix B: Exact Matching Programs 563
Appendix C: Bond Swapping Techniques 565
Appendix D: Convexity 566
Questions and Problems 567
Bibliography 568
Chapter 22 OPTION PRICING THEORY 570
Types of Options 570
Some Basic Characteristics of Option Values 576
Valuation Models 581
Artificial or Homemade Options 593
CONTENTS XIX
Use of Options 594
Conclusion 597
* Appendix A: Derivation of the Binomial Formula 597
^ Appendix B: Derivation of the Black Scholes Formula 601
Questions and Problems 602
Bibliography 603
Chapter 23 THE VALUATION AND USES OF FINANCIAL FUTURES 609
Description of Financial Futures 609
Valuation of Financial Futures 613
The Uses of Financial Futures 619
Nonfinancial Futures and Commodity Funds 623
Questions and Problems 625
Bibliography 625
Part 5 EVALUATING THE INVESTMENT PROCESS 629
Chapter 24 EVALUATION OF PORTFOLIO PERFORMANCE 630
Evaluation Techniques 631
Decomposition of Overall Evaluation 648
Multi Index, APT, and Performance Evaluation 658
Mutual Fund Performance 664
Conclusion 668
Questions and Problems 668
Bibliography 669
Chapter 25 EVALUATION OF SECURITY ANALYSIS 672
Why the Emphasis on Earnings? 673
The Evaluation of Earnings Forecasts 674
Evaluating the Valuation Process 682
Conclusion 685
Questions and Problems 685
Bibliography 686
Chapter 26 PORTFOLIO MANAGEMENT REVISITED 687
Managing Stock Portfolios 688
Active Management 691
Passive Versus Active 693
International Diversification 693
Bond Management 694
/ Bond and Stock Investment with a Liability Stream 697
Bibliography 702
Index 705
|
| adam_txt |
Contents
Part 1 INTRODUCTION 1
Chapter 1 INTRODUCTION 2
Outline of the Book 2
The Economic Theory of Choice: An Illustration Under Certainty 4
Conclusion 8
Multiple Assets and Risk 8
Questions and Problems 9
Bibliography 10
Chapter 2 FINANCIAL SECURITIES 11
Types of Marketable Financial Securities 11
The Return Characteristics of Alternative Security Types 19
Stock Market Indexes 22
Bond Market Indexes 23
Conclusion 24
Chapter 3 FINANCIAL MARKETS 25
Trading Mechanics 25
Margin 28
Markets 32
Trade Types and Costs 40
Conclusion 42
Bibliography 42
Part 2 PORTFOLIO ANALYSIS 43
/ Section 1 MEAN VARIANCE PORTFOLIO THEORY 45
xiii
XIV CONTENTS
'/ Chapter 4 THE CHARACTERISTICS OF THE OPPORTUNITY
SET UNDER RISK 46
Determining the Average Outcome 47
A Measure of Dispersion 49
Variance of Combinations of Assets 51
Characteristics of Portfolios in General 55
Two Concluding Examples 62
Conclusion 66
Questions and Problems 67
Bibliography 68
{ Chapter 5 DELINEATING EFFICIENT PORTFOLIOS 70
Combinations of Two Risky Assets Revisited: Short Sales
Not Allowed 70
The Shape of the Portfolio Possibilities Curve 80
The Efficient Frontier with Riskless Lending and Borrowing 88
Three Examples 91
Conclusion 94
Questions and Problems 95
Bibliography 96
) Chapter 6 TECHNIQUES FOR CALCULATING THE EFFICIENT FRONTIER 97
Short Sales Allowed with Riskless Lending and Borrowing 98
Short Sales Allowed: No Riskless Lending and Borrowing 102
Riskless Lending and Borrowing with Short Sales Not Allowed 103
No Short Selling and No Riskless Lending and Borrowing 104
The Incorporation of Additional Constraints 105
An Example 105
Conclusion 109
Appendix A: An Alternative Definition of Short Sales 110
Appendix B: Determining the Derivative 111
Appendix C: Solving Systems of Simultaneous Equations 114
Appendix D: A General Solution 116
Appendix E: Quadrative Programming and Kuhn Tucker
Conditions 122
Questions and Problems 124
Bibliography 125
Section 2 SIMPLIFYING THE PORTFOLIO SELECTION PROCESS 127
Chapter 7 THE CORRELATION STRUCTURE OF SECURITY RETURNS:
THE SINGLE INDEX MODEL 128
The Inputs to Portfolio Analysis 129
Single Index Models: An Overview 130
Characteristics of the Single Index Model 135
Estimating Beta 137
The Market Model 152
An Example 152
CONTENTS XV
Questions and Problems 154
Bibliography 155
Chapter 8 THE CORRELATION STRUCTURE OF SECURITY RETURNS:
MULTI INDEX MODELS AND GROUPING TECHNIQUES 160
Multi index Models 161
Average Correlation Models 168
Mixed Models 169
Fundamental Multi Index Models 170
Conclusion 174
Appendix A: Procedure for Reducing Any Multi Index Model
to a Multi Index Model with Orthogonal Indices 174
Appendix B: Mean Return, Variance, and Covariance
of a Multi Index Model 175
Questions and Problems 177
Bibliography 178
Chapter 9 SIMPLE TECHNIQUES FOR DETERMINING
THE EFFICIENT FRONTIER 181
The Single Index Model 182
Security Selection with a Purchasable Index 194
The Constant Correlation Model 195
Other Return Structures 198
An Example 198
Conclusion 199
Appendix A: Single Index Model—Short Sales Allowed 200
Appendix B: Constant Correlation Coefficient—Short Sales
Allowed 202
Appendix C: Single Index Model with Short Sales Not Allowed 203
Appendix D: Constant Correlation Coefficient—Short Sales
Not Allowed 205
Appendix E: Single Index Model, Short Sales Allowed,
and a Market Asset 206
Questions and Problems 207
Bibliography 208
Section 3 SELECTING THE OPTIMUM PORTFOLIO 209
}: Chapter 10 UTILITY ANALYSIS 210
An Introduction to Preference Functions 211
The Economic Properties of Utility Functions 214
Empirical Evidence on the Suitability of Alternative
Preference Functions 221
/ Appendix A: An Axiomatic Derivation of the Expected
Utility Theorem 222
Appendix B: Absolute and Relative Risk Aversion 226
Questions and Problems 228
Bibliography 229
XVI CONTENTS
/ Chapter 11 OTHER PORTFOLIO SELECTION MODELS 231
Maximizing the Geometric Mean Return 232
/, Safety First 235
Stochastic Dominance 240
Skewness and Portfolio Analysis 247
Conclusion 248
Y Appendix A: Safety First with Riskless Lending and Borrowing 248
Appendix B: Proof of the Sufficiency of the Stochastic
Dominance Theorems 252
Questions and Problems 254
Bibliography 255
Section 4 WIDENING THE SELECTION UNIVERSE 261
Chapter 12 INTERNATIONAL DIVERSIFICATION 262
The World Portfolio 262
Calculating the Return on Foreign Investments 264
The Risk of Foreign Securities 266
Returns from International Diversification 272
The Effect of Exchange Risk 274
Return Expectations and Portfolio Performance 276
Other Evidence on Internationally Diversified Portfolios 279
Models for Managing International Portfolios 284
Conclusion 288
Questions and Problems 288
Bibliography 290
Part 3 MODELS OF EQUILIBRIUM IN THE CAPITAL
MARKETS 293 ,
Chapter 13 THE STANDARD CAPITAL ASSET PRICING MODEL 294
The Assumptions Underlying the Standard Capital Asset
Pricing Model (CAPM) 294
The Capital Asset Pricing Model 296
Prices and the CAPM 304
Conclusion 306
Questions and Problems 308
Bibliography 309
Chapter 14 NONSTANDARD FORMS OF CAPITAL ASSET PRICING MODELS 311
Short Sales Disallowed 312
Modifications of Riskless Lending and Borrowing 312
Personal Taxes 323
Nonmarketable Assets 324
Heterogeneous Expectations 326
Non Price Taking Behavior 327
CONTENTS XVN
j
i Multiperiod CAPM 328
• The Consumption Oriented CAPM 329
j Inflation Risk and Equilibrium 330
i The Multi Beta CAPM 330
j Conclusion 331
I Appendix: Derivation of the General Equilibrium with Taxes 332
I Questions and Problems 334
Bibliography 335
Chapter 15 EMPIRICAL TESTS OF EQUILIBRIUM MODELS 341
The Models—Ex Ante Expectations and Ex Post Tests 341
Empirical Tests of the CAPM 343
Testing Some Alternative Forms of the CAPM Model 355
Testing the Post Tax Form of the CAPM Model 355
Some Reservations About Traditional Tests of General Equilibrium
Relationships and Some New Research 359
Conclusion 361
Appendix: Random Errors in Beta and Bias in the Parameters
of the CAPM 362
Questions and Problems 363
Bibliography 364
Chapter 16 THE ARBITRAGE PRICING MODEL APT—A NEW APPROACH
TO EXPLAINING ASSET PRICES 368
APT—What Is It? 368
Estimating and Testing APT 374
APT and CAPM 386
Recapitulation 388
Conclusion 397
Appendix A: A Simple Example of Factor Analysis 397
Appendix B: Specification of the APT with an Unobserved
Market Factor 398
Questions and Problems 399
Bibliography 400
Part 4 SECURITY ANALYSIS AND PORTFOLIO THEORY 405
Chapter 17 EFFICIENT MARKETS 406
Some Background 409
Tests of Return Predictability 410
Announcement and Price Return 427
Methodology of Event Studies 428
Strong Form Efficiency 434
Market Rationality 437
Conclusion 439
Questions and Problems 439
Bibliography 440
xviii contents
Chapter 18 THE VALUATION PROCESS 449
Discounted Cash Flow Models 450
Cross sectional Regression Analysis 462
An Ongoing System 466
Conclusion 472
Questions and Problems 472
Bibliography 473
Chapter 19 EARNINGS ESTIMATION 477
The Elusive Number Called Earnings 477
The Importance of Earnings 481
Characteristics of Earnings and Earnings Forecasts 483
Conclusion 491
Questions and Problems 492
Bibliography 492
Chapter 20 INTEREST RATE THEORY AND THE PRICING OF BONDS 494
An Introduction to Debt Securities 495
The Many Definitions of Rates 497
Bond Prices and Spot Rates 505
Determining Spot Rates 506
The Determinants of Bond Prices 508
Conclusion 526
Appendix A: Special Considerations in Bond Pricing 526
Appendix B: Estimating Spot Rates 527
Appendix C: Calculating Bond Equivalent Yield and Effective
Annual Yield 529
Questions and Problems 529
Bibliography 530
Chapter 21 ^/THE MANAGEMENT OF BOND PORTFOLIOS 534
y Duration 534
r Protecting Against Term Structure Shifts 541
Bond Portfolio Management of Yearly Returns 547
Swaps 557
^Appendix A: Duration Measures 559
Appendix B: Exact Matching Programs 563
Appendix C: Bond Swapping Techniques 565
Appendix D: Convexity 566
Questions and Problems 567
Bibliography 568
Chapter 22 OPTION PRICING THEORY 570
Types of Options 570
Some Basic Characteristics of Option Values 576
Valuation Models 581
Artificial or Homemade Options 593
CONTENTS XIX
Use of Options 594
Conclusion 597
* Appendix A: Derivation of the Binomial Formula 597
^ Appendix B: Derivation of the Black Scholes Formula 601
Questions and Problems 602
Bibliography 603
Chapter 23 THE VALUATION AND USES OF FINANCIAL FUTURES 609
Description of Financial Futures 609
Valuation of Financial Futures 613
The Uses of Financial Futures 619
Nonfinancial Futures and Commodity Funds 623
Questions and Problems 625
Bibliography 625
Part 5 EVALUATING THE INVESTMENT PROCESS 629
Chapter 24 EVALUATION OF PORTFOLIO PERFORMANCE 630
Evaluation Techniques 631
Decomposition of Overall Evaluation 648
Multi Index, APT, and Performance Evaluation 658
Mutual Fund Performance 664
Conclusion 668
Questions and Problems 668
Bibliography 669
Chapter 25 EVALUATION OF SECURITY ANALYSIS 672
Why the Emphasis on Earnings? 673
The Evaluation of Earnings Forecasts 674
Evaluating the Valuation Process 682
Conclusion 685
Questions and Problems 685
Bibliography 686
Chapter 26 PORTFOLIO MANAGEMENT REVISITED 687
Managing Stock Portfolios 688
Active Management 691
Passive Versus Active 693
International Diversification 693
Bond Management 694
'/ Bond and Stock Investment with a Liability Stream 697
Bibliography 702
Index 705 |
| any_adam_object | 1 |
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| author | Elton, Edwin J. Gruber, Martin Jay 1937- |
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| callnumber-subject | HG - Finance |
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| dewey-ones | 332 - Financial economics |
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| dewey-search | 332.6 20 |
| dewey-sort | 3332.6 220 |
| dewey-tens | 330 - Economics |
| discipline | Mathematik Wirtschaftswissenschaften |
| discipline_str_mv | Mathematik Wirtschaftswissenschaften |
| edition | 5. ed. |
| format | Book |
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| genre | 1\p (DE-588)4123623-3 Lehrbuch gnd-content |
| genre_facet | Lehrbuch |
| id | DE-604.BV021515178 |
| illustrated | Illustrated |
| index_date | 2024-07-02T14:20:24Z |
| indexdate | 2024-07-09T20:37:34Z |
| institution | BVB |
| isbn | 0471007439 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-014731776 |
| oclc_num | 260219142 |
| open_access_boolean | |
| owner | DE-19 DE-BY-UBM DE-29 DE-521 DE-523 DE-824 DE-634 DE-11 DE-188 |
| owner_facet | DE-19 DE-BY-UBM DE-29 DE-521 DE-523 DE-824 DE-634 DE-11 DE-188 |
| physical | XIX, 715 S. graph. Darst. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | Wiley |
| record_format | marc |
| spelling | Elton, Edwin J. Verfasser aut Modern portfolio theory and investment analysis Edwin J. Elton ; Martin J. Gruber 5. ed. New York, NY [u.a.] Wiley 1995 XIX, 715 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier analisi finanziaria - portafoglio - gestione tessin-TR investimento - analisi tessin-TR portafoglio - gestione - teoria tessin-TR Portfolio management Investment analysis Portfoliomanagement (DE-588)4115601-8 gnd rswk-swf Finanzanalyse (DE-588)4133000-6 gnd rswk-swf Portfolio Selection (DE-588)4046834-3 gnd rswk-swf Portfolio-Investition (DE-588)4175391-4 gnd rswk-swf Analyse (DE-588)4122795-5 gnd rswk-swf 1\p (DE-588)4123623-3 Lehrbuch gnd-content Portfoliomanagement (DE-588)4115601-8 s DE-604 Finanzanalyse (DE-588)4133000-6 s Portfolio Selection (DE-588)4046834-3 s DE-188 Analyse (DE-588)4122795-5 s 2\p DE-604 Portfolio-Investition (DE-588)4175391-4 s 3\p DE-604 Gruber, Martin Jay 1937- Verfasser (DE-588)140411135 aut Ab 6. Aufl. u.d.T. Modern portfolio theory and investment analysis http://www.loc.gov/catdir/toc/onix03/94042489.html Table of Contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014731776&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 | Elton, Edwin J. Gruber, Martin Jay 1937- Modern portfolio theory and investment analysis analisi finanziaria - portafoglio - gestione tessin-TR investimento - analisi tessin-TR portafoglio - gestione - teoria tessin-TR Portfolio management Investment analysis Portfoliomanagement (DE-588)4115601-8 gnd Finanzanalyse (DE-588)4133000-6 gnd Portfolio Selection (DE-588)4046834-3 gnd Portfolio-Investition (DE-588)4175391-4 gnd Analyse (DE-588)4122795-5 gnd |
| subject_GND | (DE-588)4115601-8 (DE-588)4133000-6 (DE-588)4046834-3 (DE-588)4175391-4 (DE-588)4122795-5 (DE-588)4123623-3 |
| title | Modern portfolio theory and investment analysis |
| title_auth | Modern portfolio theory and investment analysis |
| title_exact_search | Modern portfolio theory and investment analysis |
| title_exact_search_txtP | Modern portfolio theory and investment analysis |
| title_full | Modern portfolio theory and investment analysis Edwin J. Elton ; Martin J. Gruber |
| title_fullStr | Modern portfolio theory and investment analysis Edwin J. Elton ; Martin J. Gruber |
| title_full_unstemmed | Modern portfolio theory and investment analysis Edwin J. Elton ; Martin J. Gruber |
| title_new | Modern portfolio theory and investment analysis |
| title_short | Modern portfolio theory and investment analysis |
| title_sort | modern portfolio theory and investment analysis |
| topic | analisi finanziaria - portafoglio - gestione tessin-TR investimento - analisi tessin-TR portafoglio - gestione - teoria tessin-TR Portfolio management Investment analysis Portfoliomanagement (DE-588)4115601-8 gnd Finanzanalyse (DE-588)4133000-6 gnd Portfolio Selection (DE-588)4046834-3 gnd Portfolio-Investition (DE-588)4175391-4 gnd Analyse (DE-588)4122795-5 gnd |
| topic_facet | analisi finanziaria - portafoglio - gestione investimento - analisi portafoglio - gestione - teoria Portfolio management Investment analysis Portfoliomanagement Finanzanalyse Portfolio Selection Portfolio-Investition Analyse Lehrbuch |
| url | http://www.loc.gov/catdir/toc/onix03/94042489.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014731776&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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