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Books > Business & Economics > Finance & accounting > General
Alphanomics: The Informational Underpinnings of Market Efficiency
is intended to be a compact introduction to academic research on
market efficiency, behavioral finance, and fundamental analysis and
is dedicated to the kind of decision-driven and
prospectively-focused research that is much needed in a market
constantly seeking to become more efficient. The authors refer to
this type of research as Alphanomics, the informational economics
behind market efficiency. Alpha refers to the abnormal returns,
which provide the incentive for some subpopulation of investors to
engage in information acquisition and costly arbitrage activities.
Nomics refers to the economics of alpha extraction, which
encompasses the costs and incentives of informational arbitrage as
a sustainable business proposition. Some of the questions that are
addressed include: why do we believe markets are efficient?; what
problems have this belief engendered?; what factors can impede
and/or facilitate market efficiency?; what roles do investor
sentiment and costly arbitrage play in determining an equilibrium
level of informational efficiency?; what is the essence of value
investing?; how is it related to fundamental analysis (the study of
historical financial data)?; and how might we distinguish between
risk and mispricing based explanations for predictability patterns
in returns? The first two sections review the evolution of academic
thinking on market efficiency and introduce the noise trader model
as a rational alternative. Section 3 surveys the literature on
investor sentiment and its role as a source of both risks and
returns. Section 4 discusses the role of fundamental analysis in
value investing. Section 5 reviews the literature on limits to
arbitrage, and section 6 discusses research methodology issues
associated with the need to distinguish mispricing from risk.
When you are reading International Taxation in America, you'll
learn to redefine your meaning of the word "Taxation" ...that
elusive 'something' that is an inherent problem in so many of your
businesses...and you'll gain the insight of how to move beyond the
myths and the barriers that can cause your "bottom line" to be the
adversely affected. Easy to read and understand with a blueprint to
solving the multinational tax challenges that your business faces.
You'll experience chapter after chapter of time-tested practical
tips, the techniques and the innovative strategies that have helped
so many businesses to overcome the international tax challenges...
that hold back their growth and income potential. The book includes
300 pages with an additional 300 pages from the books private web
site. The private web pages include videos, tax planning articles
and IRS tax documents that few tax services include. Attorneys and
CPAs will discover this book is the ideal resource for their cross
border and international clients. Purchase any version and receive
the PDF tax research version for free.
"This is a must-read for the entire CXO community if businesses are
to survive in cyberspace. Attack methodologies and the cyber threat
poised against our business systems are advancing rapidly. Business
leaders are soon to face downstream liability issues for the damage
their unprotected and exploited systems cause not only to
themselves but to all of those with whom they do business in
cyberspace. American businesses are now the target of choice by our
nation's enemies. We may secure the airways, ports, and borders,
but only the boardrooms of America can ensure the survival of our
economy." John R. Thomas, Colonel, U.S. Army, Retired Former
Commander of the DoD, Global Operations and Security Center Today's
e-business depends on the security of its networks and information
technology infrastructure to safeguard its customers and its
profits. But with rapid innovation and the emergence of new threats
and new countermeasures, keeping up with security is becoming more
complex than ever. Securing E-Business Systems offers a new model
for developing a proactive program of security administration that
works as a continuous process of identifying weaknesses and
implementing solutions. This book offers a real, working design for
managing an IT security program with the attention it truly
warrants, treating security as a constant function that adapts
tomeet a company's changing security needs. Topics include:
Security weaknesses Safeguarding technologies Countermeasure best
practices Establishing an adaptable e-business security management
program Essential elements of a corporate security management
program Functions, structure, staffing, and contracting
considerations in security management Implementing intrusion
detection technology Designing tomorrow's e-business application
for secured operations Contemporary rationales for justifying
increased spending on security programs Emerging liability issues
for e-businesses
While others talk about the known innovation problem, The
Innovation Solution offers a well researched, logical and holistic
understanding of the innovation process, taught for many years at
several colleges and Universities. The Twenty-first century
requires twenty first century solutions. In this groundbreaking
book, Praveen Gupta provides an easy to understand, powerful
innovation framework for anyone interested in learning about
innovation and striving for success at the personal or
organizational level. But more than that, it demonstrates that
innovation skills can be taught and learned for pursuing ones
passion and growth. Gupta has recognized that Innovation is a
learned skill, and he has applied Einstein's revolutionary work
correlating innovation as a function of ones speed of thought to
develop his overall framework. Known as Breakthrough Innovation (or
Brinnovation), this framework has combined strategies for success,
the Rule of Two, management techniques, measures, return on
innovation, a curriculum to jump-start an innovation initiative and
the powerful TEDOC methodology (Target, Explore, Develop, Optimize,
and Commercialize). Systematically explaining the various aspects
of innovation and how they impact companies in the knowledge age,
Gupta shares his own experience in what is arguably the most
profoundly affecting innovation management book available for the
casual reader and seasoned veteran alike. Surprising, challenging,
and altogether inspiring, The Innovation Solution is a
life-altering guide to jump-starting a dynamic profitable future.
Complex-Valued Modeling in Economics and Finance outlines the
theory, methodology, and techniques behind modeling economic
processes using complex variables theory. The theory of complex
variables functions is widely used in many scientific fields, since
work with complex variables can appropriately describe different
complex real-life processes. Many economic indicators and factors
reflecting the properties of the same object can be represented in
the form of complex variables. By describing the relationship
between various indicators using the functions of these variables,
new economic and financial models can be created which are often
more accurate than the models of real variables. This book pays
critical attention to complex variables production in stock market
modeling, modeling illegal economy, time series forecasting,
complex auto-aggressive models, and economic dynamics modeling.
Very little has been published on this topic and its applications
within the fields of economics and finance, and this volume appeals
to graduate-level students studying economics, academic researchers
in economics and finance, and economists.
This book provides the quintessential information needed to
understand the financial side of the retirement planning coin.
You'll begin by learning about the various plan types employers may
offer their employees. Topics related to compliance testing will be
thoroughly discussed as well as strategies used to legally shift
benefits in favor of highly compensated employees (HCEs). However,
some employers do not sponsor a plan; and when this happens,
retirement savers will need to understand the options available
within the world of individual retirement accounts (IRAs). This
book is not intended to provide investment advice, but rather to
explore how different retirement savings vehicles function and how
they can be effectively deployed. This book also discusses
non-investment-related topics such as housing options, Social
Security planning, Medicare planning, and a few other basic
insurance-based issues faced by all retirees.
The document discusses and analyzes financial policies as the most
important tools for implementing macroeconomic policies in all
civilized countries of the world. However, in developing countries
they are generally unstable which results in financial
instabilities and economic failures. The situation for some Islamic
countries that started to implement financial Islamic policies is
awkward with less developed research and hasty applications. The
current research is concerned with describing, testing the
viability and assessment of such application. Though it is only a
step but more studies are conducted in similar way.
Development study, about the developing world, has been invariably
taken as appendage of theories forwarded to understand the stages
of capitalist society. If a lesson is to be derived from the
history of the industrial society that is useful to the developing
world, the industrial society must be scrutinized from its unique
features that make it different from hitherto societies, and that
allowed it to dramatically change the productive forces outside
"the discovery of gold and silver in America, the extirpation,
enslavement and entombment in mines of the aboriginal population,
the beginning of the conquest and looting of the East Indies, the
turning of Africa into a warren for the commercial hunting of
black-skins .. "(Marx, Karl, 1974:703-4); the protestant ethic and
spirit of capitalism (Weber); the accumulation of capital and
prerequisites for take offs (Rostow and Gerschenkron); and most of
all the idea that capital needed for further development is
generated by extraction of surplus from labor power. This paper, by
basing the productivity and sustainable growth of industrial
society in a unique type of management and trade union relationship
at the enterprise level, and the two traditions of liberalism and
socialism, at the larger society level, forwards a development
theory. In industrial society although not in developing societies
as interest representation in the enterprise is based on the twin
grounds of productivity (interest of the management) and social
justice (that of trade unions); we have now a socio-economic
system, for the first time in history, whereby the political
structure and economic growth of the industrial society are its
concomitant basic identifying features. This paper by taking the
assumption that technological innovation and surplus for further
capital formation come from the competitive nature of enterprises
within the setting of the above relations in the competing
enterprises raises trade union management relationship into a
theorizing point for development studies.
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