Strategic Corporate Finance provides a ‘‘real-world’’ application of the
principles of modern corporate finance, with a practical, investment
banking advisory perspective. Building on 15 years of corporate finance
advisory experience, this book serves to bridge the chronic gap between
corporate finance theory and practice. Topics range from weighted average
cost of capital, value-based management and M&A, to optimal capital
structure, risk management and dividend/buyback policy.
Strategic Corporate Finance provides a ‘‘real-world’’ application of the principles of modern corporate finance, with a practical, investment banking advisory perspective. Building on 15 years of corporate finance advisory experience, this book serves to bridge the chronic gap between corporate finance theory and practice. Topics range from weighted average cost of capital, value-based management and M&A, to optimal capital structure, risk management and dividend/buyback policy.
This dissertation addresses how the weather derivative hedges
the corporate risk, how to price the indexed derivative as an exotic
derivative instrument, and the implications of basis risk. These topics
are summarized in an expanded uncertainty model. Under this
framework, different hedging instruments for studying the optimal
hedging portfolios are compared.
For any holder of securities, whether an organization or individual, remaining in control of
securities and cash positions is fundamental to the efficient management of its investment
portfolio. This is not simply a matter of recording trading and settlement activity, but also the
accurate processing and recording of the impact of corporate action events on those securities
and cash positions.
This report documents the underlying methodology of a portfolio-analysis tool developed by the RAND Corporation for the Missile Defense Agency’s Director of Business Management Office (MDA/DM). It also serves a
CFA Level 1 Schweser Notes 2014 - Book 4 Corporate finance, portfolio management, and equity investments. The following material is a review of the Corporate finance, portfolio management, and equity investments principles designed to address the learning outcome statements set forth by CFA institute.
While consulting for a large company’s information technology (IT)
department, I was asked to help find a way to better manage the various
IT projects that were spread among all of its business units. The executives
wanted me to research tools that would help them prioritize the
projects so they would know which ones were healthy contributors to
the corporate strategy and which ones could be axed. The market in
which they were selling their products was slowing down, and they
wanted to centralize corporate governance and trim unnecessary IT
The shipping industry is both special and fascinating. It is special, above all, because of its
truly global nature, the huge discrete investments needed, the highly cyclical markets at play,
and the unique competitive structure, with many determined players. It is fascinating, above
all, because fortunes are made—and lost—at a fast pace, with some of the most risk-willing
owners also serving as decision makers.
This book is the result of at least seven forces that have shaped my interest in shipping
corporations and their strategies. The first is purely personal.
This book can be used to study for the CFA Level 1 exam, as well as any finance-related courses. It covers Corporate Finance, Portfolio Management, Stock Market Organization, Market Indices and Efficiency, Equity Analysis and Valuation, and Equity Investments. This information is also helpful in preparing for the FINRA Series 7 examination.
“Risk concentrations are arguably the single most important cause of major problems
in banks”.1 On the one hand, dealing with concentration risk is important for
the survival of individual banks; therefore, banks should be interested in a proper
management of risk concentrations on their own. On the other hand, the Basel
Committee on Banking Supervision (BCBS) has found that nine out of the thirteen
analyzed banking crises were affected by risk concentrations,2 which shows that
this issue is important for the stability of the whole banking system.
Financial markets play a major role in allocating wealth and excess savings to productive
ventures in the global economy. This extremely desirable process takes on various
forms. Commercial banks solicit depositors’ funds in order to lend them out to businesses
that invest in manufacturing and services or to home buyers who finance new
construction or redevelopment. Investment banks bring to market offerings of equity
and debt from newly formed or expanding corporations.
Ethical and Professional Standards, Quantitative Methods, Economics, Financial Reporting and Analysis, Corporate Finance, Portfolio Management, Securities Markets and Equity Investments,... As the main contents of the ebook "CFA 2016 Schweser Secret Sauce". Invite you to consult.
Risk management is the process whereby the insurer's management takes action to assess
and control the impact of past and potential future events that could be detrimental to the insurer.
These events can impact both the asset and liability sides of the insurer's balance sheet, and the
insurer’s cash flow. Investment risk management addresses investment related events that would
cause the insurer’s investment performance to weaken or otherwise adversely affect its financial
position. Various investment risks tend to focus on different parts of the investment portfolio.
The debate is also reflected in the efforts to reform the regulatory environment in
response to the current financial crisis. Brunnermeier et al. (2008) also conceptually
distinguish between a regulatory and a market based notion of bank capital. When examining
the roots of the crisis, Greenlaw et al. (2008) argue that banks’ active management of their
capital structures in relation to internal value at risk, rather than regulatory constraints, was a
key destabilising factor.
One important principle of the 1936 legislation was mandatory specialization. The law
distinguished between commercial banks (specializing in short-term business, i.e., shorter
than 18 months) and special credit institutions (operating in medium- and long-term busi-
ness and specializing in one particular sector – agriculture, building, public works, indus-
try, or the Mezzogiorno). Moreover, since 1973, banks had been subject to a “portfolio re-
quirement” and a credit ceiling for loans to the private sector.
In the 1980s, the design profession experienced substantial growth with the
emergence of a dominant retailing sector and the mergers and de-mutualisation of
major financial institutions. This investment in design was especially in interiors,
corporate identity, packaging and graphics. Graphics/corporate identity/packaging
companies dominate the profession and these companies serve retail and service
companies in the UK, as well as exporting their services.
Chapter 11 introduces you to risk and return. After completing this unit, you should be able to: Know how to calculate expected returns, understand the impact of diversification, understand the systematic risk principle, understand the security market line, understand the risk-return trade-off.
Similar in manufacture to the miniature furniture kits are off-the-shelf dinosaur kits. These
consist an assortment of wooden “bones” that can be put together as though it were a puzzle.
(Figure 2) It is satisfying to bring form to a three-dimensional creature by putting together bits of
wood. Like the furniture kits, all the parts are planar; they join orthogonally using a paired
notching scheme to make a three-dimensional structure.
Before we discuss the various types of PMO, we need to clarify what we mean by project,
programme and portfolio management, since these terms are used quite specifically below.
Project management. The organisation of resources and activities to deliver a predefined
scope of work, within agreed timescales and costs, using existing capabilities to achieve the benefits
that justified the project.