Modern Portfolio Theory and Investment Analysis, 8ed

• ISBN13: 9788126528141
• Binding: Paperback
• Subject: N/A
• Publisher: Wiley
• Publisher Imprint: Wiley
• Publication Date: September 7, 2010
• Pages: 748
• Original Price: INR 1019.0
• Language: English
• Edition: N/A
• Item Weight: 500 grams
• BISAC Subject(s): Investments & Securities / General

This book examines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. The majority of chapters have been revised or changed in this edition. A new chapter on behavioral finance has been added to explore the nature of individual decision making. A new chapter has also been added on forecasting expected returns, a key input to portfolio management. · Financial Markets. · Financial Securities. · The Characteristics of the Opportunity Set under Risk. · Delineating Efficient Portfolios. · Techniques for Calculating the Efficient Frontier. · The Correlation Structure of Security Returns: The Single-Index Model. · The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques. · Simple Techniques for Determining the Efficient Frontier. · International Diversification. · Estimating Expected Returns. · How to Select Among the Portfolios in the Opportunity Set. · The Standard Capital Asset Pricing Model. · Alternative Forms of Capital Asset Pricing Models. · Empirical Tests of the CAPM Forms. · The Arbitrage Pricing Model and Its Empirical Relevance. · Efficient Markets. · Behavioral Finance, Investor Decision Making and Asset Pricing. · Valuation Models. · Earnings Estimation. · Interest Rate Theory and the Pricing of Bonds. · The Management of Bond Portfolios. · Valuation and Uses of Options. · The Valuation and Uses of Financial Futures. · Evaluation of Portfolio Performance. · Evaluation of Security Analysis. · Portfolio Management Revisited.

Edwin J. Elton is Nomura Professor of Finance at the Stern School of Business of New York University. He has authored or coauthored eight books and more than 110 journal articles. He has been coeditor of the Journal of Finance. Professor Elton has been a member of the board of directors of the American Finance Association and an Associate Editor of Management Science. Professor Elton has served as a consultant for many major financial institutions. A compendium of articles by Professor Elton and Professor Gruber has recently been published in two volumes by MIT press. Professor Elton is a past president of the American Finance Association, a fellow of that association, a recipient of distinguished research award by the Eastern Finance Association and a recipient of the James Vertin award from the Financial Analyst Association. Martin J. Gruber is Nomura Professor of Finance and past chairman of the Finance Department at the Stern School of Business of New York University. He has published nine books and more than 100 journal articles in journals. He has been president of the American Finance Association, a director of the European Finance Association, a director of the American Finance Association, and a director of both the Computer Applications Committee and the Investment Technology Symposium of the New York Society of Security Analyst. Professor Gruber has consulted in the areas of investment analysis ad portfolio management with many major financial institutions. He is currently a director of the Daiwa closed- end funds. He is formerly a Director of TIAA,Director and Chairman of CREF, Director of DWS Mutual Funds, and Director of the SG Cowen Mutual Funds. Stephen J. Brown is David S. Loeb Professor of Finance and Coordinator of undergraduate finance at the Leonard N. Stern School of Business, New York University. He has served as president of the Western Finance Association and on the board of directors of the American Finance Association, was a founding editor of The Review of Financial Studies, is a managing editor of the Journal of Financial and Quantitative Analysis, and has served on the editorial boards of The Journal of Finance, Pacific-Basin Finance Journal, and other journals. He has published numerous articles and four books on finance and economics-related areas. He has served as an expert witness for the U.S. Department of Justice and has testified on his research before a Full Committee Hearing of the U.S. Congress House Financial Services Committee in March 2007. William N. Goetzmann is Edwin J. Beinecke Professor of Finance and Management Studies and director of the International center for Finance at the Yale School of Management. He is currently president of the Western Finance Association and has served on the board of directors of the American Finance Association, His published research topics include global investing, forecasting stock markets, selecting mutual fund manager, housing as investment, and the risk and return of art Professor Goetzmann has a background in arts and media management. As a documentary filmmaker, he has written and coproduced programs for Nova and the American Masters series. A former director of Denver's Museum of Western Art, Professor Goetzmann coauthored the award-winning book The West of the Imagination.