- QuickviewAcademic, Commerce, ManagmentHighly respected for its effective integration of financial theory and practice, this classic text explores the rapidly evolving and exciting theory of finance as it relates to a corporation's investment in assets, financing, and dividends. It explains the ways in which analytical techniques are brought to bear on financial decision making and supplies the institutional material necessary for a solid understanding of the environment in which financial decisions are made.
- QuickviewCommerce, ManagmentThis new edition of Financial Management continues to emphasize on the theories, concepts, and techniques that aid in corporate decision making, Apart from updating the chapters with recent developments in the subject, it presents to the reader's several new cases and examples, along with new-age tools like 'excel' for problem-solving.
- QuickviewAcademic, Commerce, ManagmentIt continues to focus on presenting the current and updated status of the financial services sector in India. All the significant updates (notable policy and operational developments since the publication of its previous edition in 2013) till end-March 2015 have been included in this edition.Book Features: Refurbished chapter on 'Lease Financing' Comprehensive new sections like Infrastructure Debt Fund (IDF) Non-Banking Financial Companies (NBFCs) RBI Directions Important laws and rules in the financial services sector like Health Insurance Regulations, 2013, SEBI regulations etc Table of Contents: Part 1: IntroductionNon-Banking Financial Companies Part 2: Asset/Fund-Based Financial ServicesLease Financing Hire-Purchase Finance and Consumer Credit Factoring and Forfaiting Housing Finance Insurance Services and Products Venture Capital Financing Banking Products and Services Mutual Funds: Services and Products Part 3: Merchant Banking and Other Fee-Based/Advisory Financial ServicesIssue Management: Intermediaries Issue Management: Activities/Procedures Corporate Restructuring Stock Broking, Depositories, Custodial Services and Short Selling and Securities Lending and Borrowing Scheme Credit Rating
- QuickviewCommerce, ManagmentSince the first edition of this book was published in 1988, there have been many developments in the options and derivatives markets. The ninth edition of Options, Futures and Other Derivatives has taken in to account these fast-paced changes and presents the reader with an up-to-date scenario. Like earlier editions, this book has been designed to serve the wider spectrum of the market. It is appropriate for students pursuing graduate courses in business, economics, and financial engineering. It can be used for advanced undergraduate courses involving quantitative skills. Many practitioners who are involved in derivatives markets may also find the book useful.
- QuickviewAcademic, Commerce, ManagmentThe dangers inherent in the financial system make understanding risk management essential for anyone working in, or planning to work in, the financial sector. A practical resource for financial professionals and students alike, Risk Management and Financial Institutions, Fourth Edition explains all aspects of financial risk as well as the way financial institutions are regulated, to help readers better understand financial markets and potential dangers. Fully revised and updated, this new edition features coverage of new regulatory issues, liquidity risk and stress testing. Special Features ·Understand how risk affects different types of financial institutions ·Learn the different types of risk and how they are managed ·Study the most current regulatory issues that deal with risk Table of Content Business Snapshots Preface Chapter 1: Introduction Part One : Financial Institutions and Their Trading Chapter 2: Banks Chapter 3: Insurance Companies and Pension Plans Chapter 4: Mutual Funds and Hedge Funds Chapter 5: Trading in Financial Markets Chapter 6: The Credit Crisis of 2007 Chapter 7: Valuation and Scenario Analysis: The Risk-Neutral and Real Worlds Part Two : Market Risk Chapter 8: How Traders Manage Their Risks Chapter 9: Interest Rate Risk Chapter 10: Volatility Chapter 11: Correlations and Copulas Chapter 12: Value at Risk and Expected Shortfall Chapter 13: Historical Simulation and Extreme Value Theory Chapter 14: Model-Building Approach Part Three : Regulation Chapter 15: Basel I, Basel II and Solvency II Chapter 16: Basel II.5, Basel III and Other Post-Crisis Changes Chapter 17: Fundamental Review of the Trading Book Part Four : Credit Risk Chapter 18: Managing Credit Risk: Margin, OTC Markets and CCPs Chapter 19: Estimating Default Probabilities Chapter 20: CVA and DVA Chapter 21: Credit Value at Risk Part Five : Other Topics Chapter 22: Scenario Analysis and Stress Testing Chapter 23: Operational Risk Chapter 24: Liquidity Risk Chapter 25: Model Risk Chapter 26: Economic Capital and RAROC Chapter 27: Enterprise Risk Management Chapter 28: Risk Management Mistakes to Avoid Part Six : Appendices Appendices Answers to Questions and Problems Glossary DerivaGem Software Tables for N(x) Index
- QuickviewAcademic, Commerce, Managment, Non FictionWhy does capitalism triumph in the West but fail almost everywhere else? Elegantly, and with rare clarity, Hernando de Soto revolutionizes our understanding of what capital is and why it has failed to benefit four-fifths of mankind -- and explains the solution.'A revolutionary book . . . may not be in the class of Das Kapital, Adam Smith's Wealth of Nations or Keynes's General Theory. But if the criteria for joining that exclusive club is a capacity not only to change permanently the way we look at the world, but also to change the world itself, then there are good grounds for thinking that this book is surely a contender.' Donald Macintyre, The Independent'Few people in Britain have heard of Hernando de Soto . . . but The Mystery of Capital has already led the cognoscenti to put him in the pantheon of great progressive intellectuals of our age.' Mark Leonard, New Statesman'A crucial contribution. A new proposal for change that is valid for the whole world' - Javier Perez de Cuellar (Former Secretary United Nations)
- QuickviewAcademic, Commerce, Managment, Non FictionA widespread misunderstanding concerning leveraged buyouts (LBOs) is the belief that they accomplish little but the ruin of companies and the loss of employment. How else could it be? Until recently, journalists, including much of the business press, have depicted LBO specialists as generally greedy, if not sinister, forces whose activities compound the dislocations of modern American economic and social life. This kind of criticism reached a crescendo in the press and in Congress at the end of the 1980s, and Kohlberg Kravis Roberts found itself in the middle of the controversy. Based on interviews with partners of the firm and on unprecedented access to KKR's records, George P. Baker and George David Smith have written a definitive account of how KKR has approached LBOs in a book that will appeal to the specialist and general reader alike. The authors focus on KKR's founding, evolution, and innovations as ways to understand issues in modern American business. In examining KKR as a unique form of enterprise--one that subscribes to a set of alternative perspectives on business and value creation--the book bridges the gap between public perception and academic knowledge of how financial innovation impacts economic life. The firm's approach to leveraged buyouts was an important aspect of the corporate restructuring and governance reforms in the American economy from the mid-1970s through 1990 (the years of what some have called the "leveraged buyout movement"). KKR and other companies fundamentally altered the prevailing perception of the role of debt in the modern American corporation and established an alternative model for organizing and managing corporate enterprises. KKR financed the companies it acquired with high levels of debt, while linking their ownership to management. It then imposed rigorous monitoring by the board of directors over the companies in its portfolio. This combination of factors forced managers to concentrate not on growth but rather on how to achieve value through whatever means was most appropriate to the company's circumstances. The purpose of the leveraged buyout was to realize, or "create," value in companies by reforming their management systems. KKR's approach to restructuring the relationship between owners and managers in a highly leveraged firm rested on a basic principle: Make managers owners by making them invest a significant share of their personal wealth in the enterprises they manage, and they will have stronger incentives to act in the best interests of all shareholders.