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Books > Business & Economics > Finance & accounting
George J. Benston, professor of Finance, Accounting, and Economics
at Emory University's Goizueta Business School, died unexpectedly
in January 2008. He was an impassioned advocate for corporate
integrity and a unique scholar; his research interests were as
broad as those of any recent academician. His colleagues have
selected and organized his most important papers into two volumes.
This first volume consists of his research in the banking and
financial services industry. The editor has selected a broad range
of papers from each of the major areas that are representative of
Benston's work in that particular field. James D. Rosenfeld,
Professor of Finance, Accounting, and Economics, Goizueta Business
School, Emory University, serves as the editor and is assisted by
an editorial advisory board including George Kaufman, Greg Waymire,
Bob Eisenbeis, Larry Wall, Rashad Abdel-Kalik, and Lemma Senbet.
Following the positive contribution of microfinance to economic
development in some parts of South East Asia and Africa, a huge
amount of time has been devoted by researchers to understand this
concept for sustainable development in Africa, particularly in
Sub-Saharan Africa. The concept of microfinance also has
significant positive relationship with microbusiness development.
Though there are a few books on the relationship between
microfinance and poverty reduction in Africa and some developing
countries across world. There is no specific book that explores the
relationship between microfinance and sustainable development in
Africa. Certainly, the use of microfinance for poverty reduction
and economic development in the developing world is growing.
However, this concept needs to be expanded to ensure its
application with the view to achieving sustainable development in
developing countries, particularly in Africa. Therefore, this book
seeks to explore how the provision of microfinance to individuals,
groups and business organisations facilitates economic growth and
sustainable development in Africa. In this regard, this book hopes
to examine the complex relationship between receipt of
microfinance, poverty reduction, economic growth and microbusiness
development, focusing on the provision of small credit facilities
as a driver of sustainable development in Africa. This book aims to
examine and bring on board the various views and perspectives on
the relationship between microfinance and sustainable economic
development in Africa through industry experts, experienced
researchers and policymakers. The concept of microfinance and its
relationship with sustainable development in Africa will be
explored by these experts and contributors from different
perspectives with the view to forming an opinion on the problems,
processes and prospects of microfinance in Africa. The focus here
is Sub-Saharan Africa, which has witnessed growing activities of
microfinance institutions. Theoretical and empirical insight to be
provided in this book will be a priceless resource to microfinance
institutions, policymakers, state institutions, managers and
non-governmental organisations working in developing countries
particularly in Africa. This book is envisaged to also benefit
financial institutions that are looking to expand their product
portfolio and outreach. The book will offer great insight into
theoretical, policy-oriented and practical ways to address some of
the challenges of using microfinance for sustainable development in
Africa. Given the focus of this book on the nexus between
microfinance and sustainable development, there will be a
broadening of ideas on how the provision of microfinance can aid
sustainable development in Africa.
Brealey, Fundamentals of Corporate Finance, 11e, is an introduction
to corporate finance focusing on how companies invest in real
assets, how they raise the money to pay for the investments, and
how those assets ultimately affect the firm's value. It also
provides a broad overview of the financial landscape. The book
offers a framework for systematically thinking about most of the
important financial problems that both firms and individuals are
likely to confront: financial management is important, interesting,
and challenging. Fundamentals focuses on setting out the basic
principles of financial management and applying them to the main
decisions faced by the financial manager. The text is also
organized around the key concepts of modern finance. These
concepts, properly explained, simplify the subject. They are also
practical. Financial management tools are easier to grasp and use
effectively when presented in a consistent conceptual framework.
As the COVID-19 pandemic comes to a close, inflation has revealed
itself to be a major problem for all countries of the developed
world. The problem has been exacerbated in developing nations,
which had problems even before the pandemic. Energy prices have
increased, and with the increase in transportation costs, it has
been more difficult for many retailers to stock shelves as they did
before the pandemic. It is understood by many that the rising
prices and supply chain disruptions will likely not be temporary
and must be managed by future executives. Managing Inflation and
Supply Chain Disruptions in the Global Economy uncovers the many
ways businesses can manage this new phenomenon. It discusses global
crises and their effects on the global economy in terms of
inflation and supply chain. Covering topics such as inflationist
impact, crisis leadership, and deglobalization, this premier
reference source is an essential resource for economists, supply
chain specialists, government officials, consultants, business
leaders and executives, logistics professionals, IT managers,
students and educators of higher education, researchers, and
academicians.
The advancement in FinTech especially artificial intelligence (AI)
and machine learning (ML), has significantly affected the way
financial services are offered and adopted today. Important
financial decisions such as investment decision making,
macroeconomic analysis, and credit evaluation are getting more
complex in the field of finance. ML is used in many financial
companies which are making a significant impact on financial
services. With the increasing complexity of financial transaction
processes, ML can reduce operational costs through process
automation which can automate repetitive tasks and increase
productivity. Among others, ML can analyze large volumes of
historical data and make better trading decisions to increase
revenue. This book provides an exhaustive overview of the roles of
AI and ML algorithms in financial sectors with special reference to
complex financial applications such as financial risk management in
a big data environment. In addition, it provides a collection of
high-quality research works that address broad challenges in both
theoretical and application aspects of AI in the field of finance.
International Financial Management provides students with a
foundation for analysis through a text that is well-organized,
comprehensive, and provides up-to-date coverage of the topics. Like
the first nine editions, it is written based on two tenets:
emphasis on the basics and emphasis on a managerial perspective.
The scope and content of international finance has been fast
evolving due to cycles of deregulations and regulations of
financial markets, product innovations, and technological
advancements. As capital markets of the world are becoming more
integrated, a solid understanding of international finance has
become essential for astute corporate decision making. Reflecting
the growing importance of international finance as a discipline, we
have seen a sharp increase in the demand for experts in the area in
both the corporate and academic worlds. International Financial
Management discussion is written so that a self-contained treatment
of each subject is presented in a user-friendly fashion. The text
is intended for use at both the advanced undergraduate and MBA
levels.
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