Finance has become increasingly more quantitative, drawing on techniques in probability and statistics that many finance practitioners have not had exposure to before. In order to keep up, you need a firm understanding of this discipline.
Probability and Statistics for Finance addresses this issue by showing you how to apply quantitative methods to portfolios, and in all matter of your practices, in a clear, concise manner. Informative and accessible, this guide starts off with the basics and builds to an intermediate level of mastery. ...
This monograph emerged from our efforts to study the behavior of the
households from the Townsend Thai Monthly Survey. This experience
convinced us that imposing an accounting framework and creating
financial statements would be a useful, indeed a necessary, first step
for the analysis of household finance, especially from high-frequency,
Chapter 8 - Structuring organizations for today’s challenges. In this chapter students will be able to: Outline the basic principles of organization management, compare the organizational theories of Fayol and Weber, evaluate the choices managers make in structuring organizations, contrast the various organizational models, identify the benefits of inter-firm cooperation and coordination, explain how organizational culture can help businesses adapt to change.
In this chapter, students will be able to understand: Explain the role and responsibilities of financial managers; outline the financial planning process, and explain the three key budgets in the financial plan; explain why firms need operating funds; identify and describe different sources of short-term financing; identify and describe different sources of long-term financing.
After studying this chapter, you should have a good understanding of: Why the management of knowledge professionals and knowledge itself are so critical in today's organizations; the importance of recognizing the interdependence of attracting, developing, and retaining human capital; the key role of social capital in leveraging human capital within and across the firm;...
Measuring the institutional foundations of financial markets is essential for understanding
its determinants, and help design better policies
• Indices of the rule of law, creditor rights and information, business transparency, and the
quality of infrastructure are associated with deeper and more efficient financial markets
• In banking and securities markets, characteristics related to private monitoring and enforcement
drive development more than public enforcement measures
n this comprehensive, accessible guide, pre- and in-service K-12 teachers get a firm understanding of the essential topics of first and second language acquisition along with teaching and assessment strategies for oral language development, vocabulary, writing, reading, and reading and writing across the curriculum.
he objective of this paper is to provide an overview of the major trends taking place in
The automotive industry across the world, with an emphasis on the Asian market. It is
not a comprehensive report, but rather an informed view of the issues and a panorama
of the behavior of the major players, both automakers and suppliers. In the final section, the paper
presents some suggestions on how to measure firm competitiveness in this fast moving industry,
focusing on automotive suppliers, particularly the smaller ones that make up most of the local
autoparts industry in Asia....
This module begins an in-depth discussion of the function. Functions are the building blocks of C++, and
a firm understanding of them is fundamental to becoming a successful C++ programmer. Here, you will
learn how to create a function. You will also learn about passing arguments, returning values, local and
global variables, function prototypes, and recursion.
text is designed for an introductory probability course at the university level for sophomores, juniors, and seniors in mathematics, physical and social sciences, engineering, and computer science. It presents a thorough treatment of ideas and techniques necessary for a firm understanding of the subject. The text is also recommended for use in discrete probability courses. The material is organized so that the discrete and continuous probability discussions are presented in a separate, but parallel, manner.
Recently, reflecting the growing needs of young people who intend to become more
competent in the English language and plan to go abroad for study and work, not only
universities but also more high schools in Japan have started to conduct preparation courses
for English proficiency tests such as TOEFL (Test of English as a Foreign Language) and
TOEIC (Test of English for International Communication), in addition to ordinary English
The U.S. economy is highly dynamic: businesses open and close, workers switch jobs and start new enterprises, and innovative technologies redefine the workplace and enhance productivity. With globalization markets have also become more interconnected. Measuring business activity in this rapidly evolving environment increasingly requires tracking complex interactions among firms, establishments, employers, and employees.
Assuming that (1) new information will correct or improve the firm's prior beliefs and
(2) the firm has the technical and regulatory flexibility to alter its decisions, we are ultimately
concerned with the economic value of the changed decision. Given that the firm will "re-
optimize" based on the new, better information, what is the value of that re-optimization?
Assume that Chemical A's cost was found to be grossly underestimated and that the
firm was able to identify a substitute input B whose true cost was substantially lower.
The resource-based view of the firm (RBV) is one of the latest strategic management concepts to be enthusiastically em-braced by marketing scholars. This paper argues that the RBV holds much promise as a framework for understanding stra-tegic marketing issues but cautions that, before it is adopted, it needs to be fully understood. Consequently, the paper charts the development of the RBV from its origins in early economic models of imperfect competition, through the work of evolutionary economists to the contributions of strategy and marketing scholars over the past two decades.
Second, the high levels of banks’ discretionary capital observed do not appear to be
explained by buffers that banks hold to insure against falling below the minimum
capital requirement. Banks that would face a lower cost of raising equity at short notice
(profitable, dividend paying banks with high market to book ratios) tend to hold
significantly more capital.
Third, the consistency between non-financial firms and banks does not extend to the
components of leverage (deposit and non-deposit liabilities).
India has more consumers for luxury goods than the adult population of several countries. A
, on the luxury goods sector shows that, there could well be more than 1 million
consumers. The projections are that it will treble by 2010.
India is leading the demographics in terms of the growth of HNWIs, as shown in Table 3 below.
With an impressive 22.7% growth on a base figure of 123 million (in 2007), as shown in Table 4
below, it is clear that India will continue to remain a destination of choice for sale of luxury goods. ...
The whole purpose of this website and the products and services that I offer are to teach insurance professionals how to do online insurance lead generation for themselves as a way to end dependency upon the lead companies. I firmly believe that it's dependency on the lead companies that is killing the businesses of the vast majority... ... and that only those who learn how to leverage the internet for themselves will be successful moving into the future. Because insurance professionals have been conditioned into buying leads, one of the main questions I get on my surveys and in coaching...
If now the household starts spending some of its income (as can be expected in the real
world), we would see a further step in the income-creation: Demand for consumer goods
would increase. As long as consumer goods are produced domestically and firms can expand
their production, this would lead to a further increase in domestic employment, further
increasing aggregate income. However, as households save part of their income, also
aggregate saving increases, providing the ex post finance of the initial investment.
A marketing plan is essential for every horticultural business and for efficient and
effective marketing of any horticultural product or service. A marketing plan serves as a
road map. It establishes objectives, recommended actions, and timing for achieving the
objectives. An understanding of the marketing planning process is also a valuable aid in
helping managers organize their thinking about the marketing process and the various
methods and procedures used. A strategic marketing plan takes into account the market
environment facing the business (e.g.
The balanced scorecard approach to performance measurement was originally
developed in the private sector4. If measurement focuses on sales and profits
managers can appear successful in the short term while ignoring long term
development of the business, for example customer relations or staff training. The
balanced scorecard approach tackles this by measuring both the ultimate outcome of
the business, and aspects of the business that need to be maintained in the long term.
It is balanced between financial and non-financial measures and across stakeholders....