"Stock Markets, Investments and Corporate Behavior examines the nature of stock market growth and decline, the function of financial markets, and their implications for commercial companies. Traditionally, finance academics have attempted to understand financial markets and commercial companies...

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Bibliographic Details

Main Author:	Dempsey, Michael (Author)
Format:	Electronic eBook
Language:	English
Published:	London Imperial College Press c2016
Subjects:	Corporations / Finance / Mathematical models Capital assets pricing model Stocks / Prices Corporations / Valuation Capital market Electronic books Anlageverhalten Mathematisches Modell Marktentwicklung Aktienmarkt
Online Access:	FHN01 Volltext
Summary:	"Stock Markets, Investments and Corporate Behavior examines the nature of stock market growth and decline, the function of financial markets, and their implications for commercial companies. Traditionally, finance academics have attempted to understand financial markets and commercial companies as physicists approach their subject matter: with a set of laws in mind that govern the field. But finance is not physics. The academic's approach falsely assumes that financial markets can be understood as systems within which self-interested maximizers behave in logical ways that are coordinated by the invisible hand of the price mechanism. This book demonstrates that finance is more appropriately understood as a field in which investors and finance managers may or may not use rational calculations as the basis of their decision making. This book opens with an effective dismantling of the traditional mathematical approach used to understand and describe markets and corporate financial behavior. In its place, the mathematics of growth and decline is developed anew, while holding to the realization that the decisions of organizations rely on the choices of real people with limited information available to them. The book will appeal to all students who wish to reappraise their knowledge of finance in a thoughtful manner. Specifically, this book is designed to appeal to anyone who wishes to refine their understanding of the nature of stock markets and financial growth, optimal portfolio allocation, option pricing, asset valuation, corporate financial behavior, and what it means to be ethical in our financial institutions."--
Item Description:	Title from PDF file title page (viewed December 7, 2015)
Physical Description:	1 online resource (xx, 311 p.) ill. (some col.)
ISBN:	9781783267002 1783267003