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2007 New Releases Contemporary Financial Intermediation, 2e Editors: S tuart I. Greenbaum, Anjan V. Thakor ISBN: 9780122990533 Price: $99.95 The authors bring a unique analytical approach to the subject of banks and banking in this completely revised and updated new edition. They expand the scope of the typical bank management course by addressing all types of deposit-type financial institutions and by explaining the why of intermediation rather than simply describing institutions, regulations, and market phenomena. This analytical approach strikes at the heart of financial intermediation by explaining why financial intermediaries exist and what they do. Specific regulations, economies, and policies will change, but the underlying philosophical foundations remain the same. This approach enables students to understand the foundational principles and to apply them to whatever context they encounter as professionals.
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Corporate GoveRnance & Regulatory Impact on Mergers & Acquisitions Research and Analysis on Activity Worldwide Since 1990 Editors: Greg N. Gregoriou, Luc Renneboog ISBN: 9780123741424 Price: $89.95 Corporate Governance and regulatory presssures have been much in the news lately. How they affect the bottom line of corporations has been difficult to quantify, and research is just beginning to address this crucial question. This book is the first collection of new research from around the world about the global impact of takeover regulation and corporate governance on M&A financial results. It will be essential reading to any M&A specialist, an investment banker, a hedge fund manager, a private equity director, or a venture capitalist. Also a must read for financial analysts who follow M&A targets.
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Value at Risk and Bank Capital Management Risk Adjusted Performances, Capital Management and Capital Allocation Decision Making Editor: Francesco Saita ISBN: 9780123694669 Price: $79.95 In order to adhere to international regulatory guidelines on capital management, most banks have undergone or are undergoing serious changes in their policies and procedures for measuring and managing their capital requirements and risk.This book offers a unique combination of discussions about sophisticated and cutting-edge risk measurement techniques and practical bank decision-making about capital management and allocation. The author provides readers with his extensive academic and theoretical expertise combined with his practical and real-world understanding of bank structure, organizational constraints, and decision-making processes.
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2007 New Releases International Mergers and Acquisitions Activity Since 1990 Recent Research and Quantitative Analysis Editors: G reg N. Gregoriou, Luc Renneboog ISBN: 9780750682893 Price: $89.95 This is the only book that collects cutting-edge research and quantitative analysis to reveal the effects of various M&A strategies on shareholder value. An international array of researchers provide evidence on which types of acquisitions create value, the effects of cross-border M&As, bondholder wealth effects of M&As, irrationality in takeover decisionmaking, and valuation issues. Investment bankers, accountants, finance directors, financial analysts, traders and portfolio managers will benefit in their decisionmaking about M&A methods and valuations from the solid international evidence provided in this volume.
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China’s financial markets Editors: ISBN: Price:
S alih N. Neftci, Michelle Yuan Menager-Xu 9780120885800 $69.95
There are hundreds of books about doing business in China. But this book really is different. It is a comprehensive description of each sector of China’s financial markets, written by Chinese executives and officials who are in these sectors and provide a look into the details of China’s financial markets that outsiders could never access on their own. The editors, together with Chinese insiders, provide a detailed description of the money, equity, futures, FX, and bond markets, the insurance sector, the mortgage market and mortgage instruments, and the regulators. This is a must-read book for serious finance professionals seeking financial success in this emerging market. (Note: Salih Neftci is the author of two other highly respected books in finance: An Introduction to the Mathematics of Financial Derivatives and Principles of Financial Engineering.)
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g comin soon
Forecasting expected returns in the financial markets Editor: ISBN: Price:
S tephen Satchell 9780750683210 $89.95
Forecasting returns is a key part of successful portfolio management and essential to practitioners and studied by academics. Dr. Stephen Satchell brings together a collection of leading researchers and practitioners from around the world who address this complex problem in portfolio management using the latest quantitative techniques. The book includes new research of value to practitioners and researchers alike, such as: market efficiency and forecasting returns; the Black-Litterman model, for combining performance of various assets with the market equilibrium in a manner for intuitive, diversified portfolios, including stepby-step instructions to implement this complex model; the analysis of forecasting horizons; using robust optimization to improve forecasting returns; and the role of liquidity as an explanatory variable in forecasting returns.
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2007 New Releases Forecasting volatility in the financial market Editors: ISBN: Price:
John Knight, Stephen Satchell 9780750669429 $89.95
This new edition of Forecasting Volatility in the Financial Markets assumes that the reader has a firm grounding in the key principles and methods of understanding volatility measurement and builds on that knowledge to detail cutting-edge modelling and forecasting techniques. It provides a survey of ways to measure risk and define the different models of volatility and return. Editors John Knight and Stephen Satchell have brought together an impressive array of contributors who present research from their area of specialization related to volatility forecasting. Readers with an understanding of volatility measures and risk management strategies will benefit from this collection of up to date chapters on the latest techniques in forecasting volatility.
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Funds of Hedge Funds Editor: ISBN: Price:
reg N. Gregoriou G 9780750679848 $89.95
With about $450 billion in assets, funds of hedge funds are the most recent darling of investors.While hedge funds carry high risk for the promise of high returns, they are designed for the very rich and for large institutional investors such as pension funds. A Fund of Hedge Funds (FOF) spreads investments among a number of hedge funds to reduce risk and provide diversification, while maintaining the potential for higher than average returns. Odds are that some pension fund of yours is invested heavily in these products, and more recently these FOFs have been opened to more and more individual investors in offshore jurisdictions with lower minimum entry levels. Since this is a new and extremely fast-moving financial phenomenon, academic research has just begun in earnest, and this is the first book to present rigorous academic research by some of the leading lights in academic finance, carefully analyzing the broad array of issues involved in FOFs.
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Venture Capital in Europe Editors: G reg N. Gregoriou, Maher Kooli, Roman Kraeussl ISBN: 9780750682596 Price: $89.95 Until recently, only the United States had an active venture capital market. This is changing rapidly, as many other countries have experienced rapid growth in venture capital financing over the past five years. This book contains new scientific articles showcasing the latest research on venture capital in Europe. Venture capital investment remains a hot topic with portfolio managers, individual investors, academics worldwide. This book examines in detail all the major issues regarding venture capital investment: contracting, financing, regulation, valuation, etc. and identifies new trends in the venture capital arena. Features a foreword by Josh Lerner.
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2007 New Releases Intermediate Financial Theory, 2e Editors: Jean-Pierre Danthine, John B. Donaldson ISBN: 9780123693808 Price: $79.95 The second edition of this authoritative textbook continues the tradition of providing clear and concise descriptions of the new and classic concepts in financial theory. The authors keep the theory accessible by requiring very little mathematical background. The 2nd edition includes new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, a new chapter on asset management for the long term investor, and an online solutions manual.
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Japanese fixed Income markets: Money, Bond and Interest Rate Derivatives
Mergers, Acquisitions, and Other Restructuring Activities, 3e
Editors: Jonathan A. Batten, T.A. Fetherston, P.G. Szilagyi ISBN: 9780444520203 Price: $115.00
Editor: Donald M. DePamphilis, PhD ISBN: 9780123694034 Price: $99.95
The Japanese capital markets were increasingly opened to foreign participation in the 1970’s, particularly expanding the fixed income market in order to finance the government fiscal deficits from 1975. However, growth in the non-Government side of the market for Japan is a more recent phenomenon and a goal of policymakers in Japan and Asia since 1997. These markets are now second only to those in the United States and dominate the issuance market in the Asian Pacific region.This book measurably adds to our understanding of the Japanese Fixed Income Market with its focus on: Macroeconomic Environmental Development, Credit Risk Measures and Management, Interest Rate Analysis and Market Integration.
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Dr. Donald DePamphilis explains the real world of mergers, acquisitions, and restructuring based on his academic knowledge and personal experiences with over 30 such deals of his own. The eighty case studies span countries and regions worldwide in every industry, showing how deals are done rather than just the theory behind them. The CD is unique in enabling the users to download and customize content. New additions to the third edition include ten new cases, updates of all cases, and new resources: glossary, real options applications, projected growth rates, Student Study Guide on CD with practice problems/solutions, powerpoint slides, and selected case study solutions. The online instructor’s manual is completely updated as well.
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2007 New Releases & Best Sellers An Introduction to the Mathematics of Financial Derivatives, 2e Editor: Salih N. Neftci ISBN: 9780125153904 Price: $77.95 The intuitive, step-by-step approach of this book makes it one of the most accessible and popular explanations of the mathematical models used to price derivatives. For the Second Edition, Salih Neftci has thoroughly expanded one chapter, added six new ones, and inserted chapter-concluding exercises. He does not assume that the reader has a thorough mathematical background, and the math is lucid and fresh. His explanations of financial calculus are remarkable for their simplicity and perception.
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Principles of Financial Engineering
Public-Private Partnerships
Editor: Salih N. Neftci ISBN: 9780125153942 Price: $96.95
Editor: E.R.Yescombe ISBN: 9780750680547 Price: $87.95
Salih N. Neftci, best-selling finance author, presents a fresh introduction to financial engineering: the combination of existing financial instruments to create new products. While there is already a substantial body of literature, Salih Neftci succeeds in presenting a fresh, original, informative, and up-to-date introduction to the subject. Seeking not to introduce financial instruments but instead to describe the methods of synthetically creating assets in static and in dynamic environments and then show how to use them, his book complements all currently available textbooks. It emphasizes developing methods that can be used in order to solve risk management, taxation, regulation, and above all, pricing problems.
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Over the last decade, privatesector financing through publicprivate partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, such as roads, bridges, airports, hospitals, schools, prisons, public utilities, government offices, and many others. This book reviews the key issues in determining whether to adopt PPP procurement, the specific application of PPP contracts, and the comparison of international practices. The author provides a structured introduction and discussion of the Concession and PFI models of PPP, focusing on practical concepts, issues and techniques. No prior knowledge of project financing required.
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2007 New Releases & Best Sellers A Behavioral Approach to Asset Pricing Editor: Hersh Shefrin ISBN: 9780126393712 Price: $84.95 Growing interest in the alternatives that behavioral assumptions offer to traditional rational expectations models has led many scholars to investigate the insights this developing area can offer to traditional financial models. In this book, Shefrin examines the reigning assumptions of asset pricing theory and reconstructs them to incorporate findings from behavioral finance. In other words, he takes the traditional tools in asset pricing and behavioralizes them. He constructs a solid, intact structure that challenges classic assumptions and at the same time provides a strong theory and efficient empirical tools. Building on the models developed by both traditional asset pricing theorists and behavioral asset pricing theorists, Shefrin’s book takes the discussion to the next step.
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H a n db o o k s in Finan c e S eries Series Edite d by : B e n Va n V l i e t
The Financial Market Technology Series is a partnership between Elsevier, Inc. and the Institute for Market Technology (i4mt) to publish cutting-edge books covering topics on the integration of technology with financial markets, including automated trading, building trading and investment systems, operational issues in back office processing, clearing and settlement, and compliance and governance issues as they relate to technology. Handbook of Corporate Governance Volume 1 Editors: B. Espen Eckbo ISBN: 9780444508980 Price: $135.00 Empirical corporate finance has become a dominant field in financial economics. The growing interest in everything “corporate” is fueled by a healthy combination of fundamental theoretical developments and recent widespread access to large transactional data bases. A less scientific but significant source of inspiration is a growing awareness of the important social implications of corporate behavior and governance.
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Handbook of Asset and Liability Management Volume 1 Editors: S tavros A. Zenios, William T. Ziemba ISBN: 9780444508751 Price: $135.00 It is fitting that the Handbooks in Finance series devotes a volume to Asset and Liability Management, which lay the theoretical foundations and develop the methodologies essential for the development of asset and liability management models.
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