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Author: Jan-Philipp Matthewes
Publisher: BoD – Books on Demand
ISBN: 3945021073
Category : Law
Languages : en
Pages : 185
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Book Description
Financial analysts play an ambivalent role on financial markets: On the one hand investors and the media frequently follow their advice, on the other hand they are regularly discredited when their forecasts or recommendations prove to be erroneous. This cumulative thesis explores the informational content of financial analysts’ forecasts for investors by addressing three specific topics: Consensus size as a rudimentary investment signal, the association of analysts’ target prices with business sentiment, and the consistency of analysts’ different investment signals in the context of the 2008 financial crisis. Overall, the thesis provides additional evidence that investors can profit from analysts’ forecasts and recommendations. However, it is also shown that investors need to be very selective about which signal to rely on and in which context to use these because analysts’ investment signals can also be heavily biased and erroneous. About the author: Jan-Philipp Matthewes studied ‘Economics’ at the University of Cologne, Germany, and holds a Dean’s Award from the Faculty of Economics and Social Sciences. His research focus on financial analysts evolved while working in equity research at a leading German bank. The PhD-thesis was supervised by Prof. Dr. Martin Wallmeier, Finance and Accounting, at the University of Fribourg, Switzerland. Since 2013 Jan-Philipp Matthewes is the managing director of the boutique private equity firm ‘Matthewes Capital Invest GmbH’.
Author: Jan-Philipp Matthewes
Publisher: BoD – Books on Demand
ISBN: 3945021073
Category : Law
Languages : en
Pages : 185
Get Book Here
Book Description
Financial analysts play an ambivalent role on financial markets: On the one hand investors and the media frequently follow their advice, on the other hand they are regularly discredited when their forecasts or recommendations prove to be erroneous. This cumulative thesis explores the informational content of financial analysts’ forecasts for investors by addressing three specific topics: Consensus size as a rudimentary investment signal, the association of analysts’ target prices with business sentiment, and the consistency of analysts’ different investment signals in the context of the 2008 financial crisis. Overall, the thesis provides additional evidence that investors can profit from analysts’ forecasts and recommendations. However, it is also shown that investors need to be very selective about which signal to rely on and in which context to use these because analysts’ investment signals can also be heavily biased and erroneous. About the author: Jan-Philipp Matthewes studied ‘Economics’ at the University of Cologne, Germany, and holds a Dean’s Award from the Faculty of Economics and Social Sciences. His research focus on financial analysts evolved while working in equity research at a leading German bank. The PhD-thesis was supervised by Prof. Dr. Martin Wallmeier, Finance and Accounting, at the University of Fribourg, Switzerland. Since 2013 Jan-Philipp Matthewes is the managing director of the boutique private equity firm ‘Matthewes Capital Invest GmbH’.
Author: Max Hofer
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Alexander Pütz
Publisher:
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Languages : en
Pages :
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Author: Stefanie Schraeder
Publisher:
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Languages : en
Pages :
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Author: Emilio Barucci
Publisher: Springer
ISBN: 1447173228
Category : Mathematics
Languages : en
Pages : 843
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Book Description
This work, now in a thoroughly revised second edition, presents the economic foundations of financial markets theory from a mathematically rigorous standpoint and offers a self-contained critical discussion based on empirical results. It is the only textbook on the subject to include more than two hundred exercises, with detailed solutions to selected exercises. Financial Markets Theory covers classical asset pricing theory in great detail, including utility theory, equilibrium theory, portfolio selection, mean-variance portfolio theory, CAPM, CCAPM, APT, and the Modigliani-Miller theorem. Starting from an analysis of the empirical evidence on the theory, the authors provide a discussion of the relevant literature, pointing out the main advances in classical asset pricing theory and the new approaches designed to address asset pricing puzzles and open problems (e.g., behavioral finance). Later chapters in the book contain more advanced material, including on the role of information in financial markets, non-classical preferences, noise traders and market microstructure. This textbook is aimed at graduate students in mathematical finance and financial economics, but also serves as a useful reference for practitioners working in insurance, banking, investment funds and financial consultancy. Introducing necessary tools from microeconomic theory, this book is highly accessible and completely self-contained. Advance praise for the second edition: "Financial Markets Theory is comprehensive, rigorous, and yet highly accessible. With their second edition, Barucci and Fontana have set an even higher standard!"Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University "This comprehensive book is a great self-contained source for studying most major theoretical aspects of financial economics. What makes the book particularly useful is that it provides a lot of intuition, detailed discussions of empirical implications, a very thorough survey of the related literature, and many completely solved exercises. The second edition covers more ground and provides many more proofs, and it will be a handy addition to the library of every student or researcher in the field."Jaksa Cvitanic, Richard N. Merkin Professor of Mathematical Finance, Caltech "The second edition of Financial Markets Theory by Barucci and Fontana is a superb achievement that knits together all aspects of modern finance theory, including financial markets microstructure, in a consistent and self-contained framework. Many exercises, together with their detailed solutions, make this book indispensable for serious students in finance."Michel Crouhy, Head of Research and Development, NATIXIS
Author: Oliver Pucker
Publisher:
ISBN:
Category :
Languages : en
Pages : 216
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Author: Hannes Mohrschladt
Publisher:
ISBN:
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Languages : en
Pages :
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Author: M. Costantino
Publisher: WIT Press
ISBN: 1845641469
Category : Business & Economics
Languages : en
Pages : 193
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Book Description
Professional financial traders are currently overwhelmed with news and extracting relevant information is a long and hard task, whilst trading decisions require immediate actions. Primarily intended for financial organizations and business analysts, this book provides an introduction to the algorithmic solutions to automatically extract the desired information from Internet news and obtain it in a well structured form. It places emphasis on the principles of the method rather than its numerical implementation, omitting the mathematical details that might otherwise obscure the text, and focuses on the advantages and on the problems of each method. The authors also include many practical examples with complete references and algorithms for similar problems, which may be useful in the financial field, and basic techniques applied in other information extraction fields which may be imported into the financial news analysis.
Author: William Wilhelm
Publisher: Harvard Business Press
ISBN: 9781578512782
Category : Business & Economics
Languages : en
Pages : 219
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Book Description
Information is power-and in financial markets that power has long belonged to intermediaries responsible for managing the exchange of information among clients. But now, technology has made information simultaneously and easily accessible to all through a simple Internet connection. Moreover, technology has codified many practices that once relied solely on human relationships and judgment, transforming the control of industry know-how and intellectual property, the structure of the financial markets, and ultimately, the makeup of the entire marketplace for information. In the midst of the so-called new economy, the evolution of financial markets provides a time-tested guide to how and why intermediaries and the information they work with are evolving along with technology. It also convincingly proves that these information intermediaries-or infomediaries, -will not soon be replaced. In Information Markets , finance industry experts William J. Wilhelm Jr. and Joseph D. Downing systematically explore the interplay between human capital and information technology in financial markets, and distill critical lessons for strategists in other information-rich businesses, including health care, law, entertainment, and publishing. The authors explain that technological advances have upset the delicate balance between an innovator's incentives for discovery (profiting from ideas) and the interests of society at large (information "wants to be free"). They provide a durable framework for understanding the tensions that arise in information-intensive markets, and how organizations adapt to these tensions in the face of continuous technological change. The authors also describe how intermediaries resolve coordination problems according to long-established economic rules and experience, explain how the evolution of the intermediary function will affect the enforcement of intellectual property rights, and identify new opportunities organizations can exploit to create value and fuel innovation. For any business dependent on information exchange, this timely book explains the vital role of the intermediary in today's global marketplace.
Author: Nicolas Stefan Schreiber
Publisher:
ISBN:
Category :
Languages : en
Pages :
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