In a world of geo-political, social and economic uncertainty, strategic financial management is in a process of change, which requires a reassessment of the fundamental assumptions that cut across the traditional boundaries of the subject. Read on and you will not only appreciate the major components of contemporary finance but also find the subject much more accessible for future reference.
Traditional Supply Chain Management (SCM) aims at movement of goods and services from one end of
this chain to the other through different stages so as to improve the efficiency, productivity and profitability
of the entire process. As SCM spans across the economic functions of the entire value chain of
a product or service, it is vital for a company to join in, form, or coordinate its business related supply
chains, forming various kinds of business relationships.
In a decentralized-decisions economy under uncertainty, the financial system can be seen as
the complex of institutions, infrastructure, and instruments that the society adopts to minimize the
costs of transacting promises under agents’ incomplete trust and limited information. Building on a
microeconomic, general equilibrium model that portrays such fundamental function of finance, this
study analytically shows that, in line with recent empirical evidence, the development of financial
infrastructure stimulates larger and more efficient capital industrial accumulation.
This book is for anyone who wants to do any application development in Excel. Even for an old hand at Excel development, a brief skim through reveals valuable nuggets of information.
Excel Add-in Development in C/C++: Applications in Finance is a must-buy book for any serious Excel developer. Excel is the industry standard for financial modelling, providing a number of ways for users to extend the functionality of their own add-ins, including VB. C/C++.
This book is a must-buy book for any serious Excel developer. Excel is the industry standard for financial modelling, providing a number of ways for users to extend the functionality of their own add-ins, including VBA and C/C++. This is the only complete how-to guide and reference book for the creation of high performance add-ins for Excel in C and C++ for users in the finance industry. Steve Dalton explains how to apply Excel add-ins to financial applications with many examples given throughout the book.
A considerable part of the vast development in Mathematical Finance over
the last two decades was determined by the application of stochastic methods.
These were therefore chosen as the focus of the 2003 School on “Stochastic
Methods in Finance”. The growing interest of the mathematical community in
this field was also reflected by the extraordinarily high number of applications
for the CIME-EMS School. It was attended by 115 scientists and researchers,
selected from among over 200 applicants. The attendees came from all continents:
85 were Europeans, among them 35 Italians.
The Monterrey Consensus of the International Conference on Financing for Development (United Nations, 2002a) places the mobilization of domestic financial resources for development at the centre of the pursuit of economic growth, poverty eradication and sustainable development. It points to the need for “the necessary internal conditions for mobilizing domestic savings (and) sustaining adequate levels of productive investment” and stresses the importance of fostering a “dynamic and well-functioning business sector”.
Additional efforts are underway to further increase the attractiveness of capital market
investment in Brazil. The income tax exemption was extended to foreign investors’
investments in long term corporate bonds and infrastructure bonds.
The private sector is also
keen on this policy agenda. The private capital markets association (Anbima) launched a
“New Fixed Income Market” project to facilitate long-term financing operation.
There is no consensus on the definition of the financial cycle. In what follows, the term will
denote self-reinforcing interactions between perceptions of value and risk, attitudes towards
risk and financing constraints, which translate into booms followed by busts. These
interactions can amplify economic fluctuations and possibly lead to serious financial distress
and economic dislocations.
In deciding the course for reform, however, the innovations and experiences of markets in the
region are also important. Developing markets often mimic more advanced European and North
American markets. But complex structures designed for diverse developed markets are
sometimes ill-suited to less-developed economies. Instead, looking to neighboring, emerging
markets at similar stages of development can be more useful.
Chapter 2 - Accountants as business analysts. After reading this chapter, you should be able to: Describe the roles of the accounting/finance function in business and why those roles require knowledge of technology and business processes; understand the importance of business process documentation; recognize the value of business models; articulate the characteristics of activity models.
After reading and studying this chapter, you should be able to identify the following cross-functional enterprise systems, and give examples of how they can provide significant business value to a company: Enterprise application integration, transaction processing systems, enterprise collaboration systems; give examples of how Internet and other information technologies support business processes within the business functions of accounting, finance, human resource management, marketing, and production and operations management.
The aim of this book is to study three essential components of modern finance – Risk Management, Asset Management and Asset and Liability Management, as well as the links that bind them together.
It is divided into five parts:
Part I sets out the financial and regulatory contexts that explain the rapid development of these three areas during the last few years and shows the ways in which the Risk Management function has developed recently in financial institutions.
Operations Management is the activity of managing the resources which produce and deliver goods and services (Slack et al., 2010). Operations can be seen as one of many functions (e.g. marketing, finance, personnel) within the organisation. The operations function can be described as that part of the organisation devoted to the production or delivery of goods and services. This means all organisations undertake operations activities because every organisation produces goods and/or services.
This book presents and develops major numerical methods currently used for solving
problems arising in quantitative finance. Our presentation splits into two parts.
Part I is methodological, and offers a comprehensive toolkit on numerical methods
and algorithms. This includes Monte Carlo simulation, numerical schemes for
partial differential equations, stochastic optimization in discrete time, copula functions,
transform-based methods and quadrature techniques.
Part II is practical, and features a number of self-contained cases.
The three stages shown in Figure 1 are intended to demarcate three macro-stages of
writing development. Writing skill is shown as continuously improving as a function of
practice, as is typical for perceptual-motor and cognitive skills in general. The micro-
changes underlying the gradual improvement that drive the transition to the next
macro-stage fall beyond the scope of the present article.
The literature review and web-searches provided basic information on different types of financing
mechanisms globally, in the EU and other European countries. These consisted mainly of scientific
and professional publications. The purpose was to analyse the marketing difficulties of non-market
forest goods and services, to develop a typology of financing mechanisms, to give a theoretical
characterisation of different types of financing mechanisms, and to provide an overview of the
current use of financing mechanisms in the EU MS.
In addition McQueen and Vorkink (2004) are able to reproduce GARCH volatility using a
preference-based model with time-varying sensitivity to news. In a related paper, Vanden (2005)
develops a model where the representative agent exhibits a utility function with several risk aversion
regimes, which in equilibrium leads to volatility regimes and volatility clustering.
Energy efficiency is a key area for competitiveness. The Commission will reinforce its
cooperation with Member States on the implementation of the energy efficiency directive, the
energy labelling and ecodesign legislation. Implementing the strategy for Key Enabling
Technologies will also be a key lever of competitiveness. The Commission will deepen its
work to help SMEs facing the challenge of financing and implement the Action Plan for