This book provides an introduction to R programming and a summary of financial mathematics. It is not always easy for graduate students to grasp an overview of the theory of finance in an abstract form. For newcomers to the finance industry, it is not always obvious how to apply the abstract theory to the real financial data they encounter. Introducing finance theory alongside numerical applications makes it easier to grasp the subject. Popular programming languages like C++, which are used in many financial applications are meant for general-purpose requirements. They are good for implementing large-scale distributed systems for simultaneously valuing many financial contracts, but they are not as suitable for small-scale ad-hoc analysis or exploration of financial data. The R programming language overcomes this problem. R can be used for numerical applications including statistical analysis, time series analysis, numerical methods for pricing financial contracts, etc. This book provides an overview of financial mathematics with numerous examples numerically illustrated using the R programming language.

First published in 1976, the essays in this volume are concerned with the distribution of income and wealth. The papers were first presented at the Royal Economic Society's conference in 1974, which examined the evidence concerning the personal distribution of earnings, compared the distributions apparent in different periods and societies, and studied the association between personal attributes and income. The contributions, from internationally-renowned authors, reflect these areas, and address the questions surrounding inequality, the taxation of wealth and capital transfers that remain relevant in twenty-first century society.

With more than 160 000 copies sold, "From 0 to 130 Properties in 3.5 Years "is Australia's highest selling real estate book -- ever

Scores of investors have used Steve McKnight's wealth building information to discover how to achieve their financial dreams. Now it's your turn.

Using his incredible real-life account of how he bought 130 properties in 3.5 years, McKnight reveals how you can become financially free by using cash and cashflow positive property.

Revised to incorporate the latest highly effective strategies, and rewritten to include 16 brand new chapters, this revised edition reveals: How to create a positive cashflow property portfolio from scratch -- even if you have little money and no experienceSteve's New 1% Rule -- a simple four-step process for finding positive cashflow propertiesExactly what and where to buy if you want to maximise your profitsHow to protect your wealth and save taxAnd much, much more ...

At last, a mindful book about money that anyone can appreciate and understand The Little Book of Zen Money: A Simple Path to Financial Peace of Mind delivers easy-to-follow steps for combining sensible saving strategies with mindfulness practices to achieving financial peace of mind. Finally, you can know how to fix your finances without feeling stressed out! In this book, you'll find out that sound financial strategy is far more straightforward than the financial industry wants you to think. It reveals the path to mindful money simplicity, showing readers how to adopt behaviors that encourage responsible saving and spending. You'll learn about: How to journal your spending and saving so you keep track of the money you have coming in and going out Easy mindfulness exercises, mantras, and meditations that keep you centered, rational, and calm when it comes to your money Simple explanations of the financial industry and how to invest responsibly that anyone can understand Perfect for anyone who doesn't usually like books about money (or the complicated jargon they're often filled with), The Little Book of Zen Money proves that you don't need to be an expert, professional, or mathematician to get great financial advice.

Young people are a vulnerable category of workers, finding themselves in a delicate phase of their working life: their first entry into the labour market. In many European countries, youngsters are unemployed or have difficulty finding and obtaining jobs. This situation has deteriorated particularly after the crises, recessions and stagnation that has impacted European economies in recent years. In addition to the cyclical or crisis impact, structural factors are also very important. Additionally, prolonged crises, as in some Eurozone countries, have transformed a significant part of cyclical unemployment in structural (long term) unemployment. Young People and the Labour Market: A Comparative Perspective explores the condition of young people in the labour market. The authors present new evidence from several countries, with a special focus on Europe, and offer a comparative perspective. They investigate questions such as which structural conditions and labour market institutions guarantee better youth performance, which education systems and school-to-work processes are more effective and in which countries is gender differentiation less of an issue. All of the aforementioned, as well as many other comparisons which the authors make, are significant in helping to facilitate the successful design of labour and education policies. As the first investigation by economists to explore the complexity of this topic, this book will be useful to both economists and sociologists who are interested in the role of young people in the labour market, and the problem of youth unemployment.

Wer mAchte das nicht? Denen etwas hinterlassen, die man wirklich bedenken mAchte. Das geht jedoch nur mit einem Testament, denn ohne die schriftliche ErklArung des A"Letzten WillensA" gilt die gesetzliche Erbfolge, die oft nicht den eigenen WA1/4nschen entspricht: Hier erfahren Sie, was es mit der gesetzlichen Erbfolge und PflichtteilsansprA1/4chen auf sich hat. Der Autor hilft Ihnen beim Aufsetzen eines Testaments und erlAutert, was Sie darin alles regeln kAnnen. Es spricht auch die MAglichkeit an zu schenken, statt zu vererben, gibt legale Steuertipps und erklArt, wie ein Testament in unterschiedlichen Lebenssituationen formuliert sein muss. Zahlreiche Checklisten und Mustervorlagen runden den Band ab.

For all of their focus on asset prices, financial economists rarely ask if assets are priced ethically-that is, if their prices are compatible with the public good. Yet in a world facing major, possibly catastrophic problems-global warming, for instance, and growing inequality-it is now more important than ever that we allocate capital to projects that will benefit society as a whole, not just today but far into the future. In this book, Christian Gollier develops a powerful method for transforming our societal goals of collective prosperity into the cornerstone of our financial decision making. Ethical Asset Valuation and the Good Society starts by stating transparent moral principles and, from these, derives simple rules that can be used to evaluate saving and investment decisions in terms of the public good. Rather than trying to explain observed asset prices, Gollier derives what these prices ought to be in order to direct capital toward socially desirable investments. He focuses especially on the two prices that drive most financial decisions-the price of time as reflected in the interest rate and the price of risk-and explores the role these play in our long-term planning. If investment projects in renewable energy could be financed at a lower interest rate than those linked to fossil fuels, for instance, the energy transition would be easier to accomplish. Building on criticism of the short-term thinking of financial markets, Gollier suggests ways to shift investment toward the future through the discounting of the valuation of assets and investments with long-term benefits. In this sophisticated but accessible work, Gollier builds a bridge between welfare economics and finance theory to provide a framework for ethical valuation capable of establishing what asset prices should be on the basis of our shared moral values.

Das Handbuch stellt anhand konkreter Unternehmensbilder aus Industrie und Handel ein Instrumentarium für die praktische Tagesarbeit bereit und weist dem Leser durch die Präsentation einer geregelten Ordnung von Prüfungshandlungen, insbesondere vor dem Hintergrund nicht entdeckter Fehler in der Rechnungslegung, den Weg zu einem stabilen Bestätigungsvermerk. Neu in der 4. Auflage: Die Sicherungsfunktion eines Zielsystems Leitgedanken der Prüfungsstandards im Vergleich: IDW PS und ISA Effizienzsteigerung durch Skalierung Meilensteinführende Navigation Reifegrad der Prüfung und Dienstleistungskapazität

Systems of innovation that are conducted within national borders can preserve inefficient solutions and prevent development. This has led to a feeling that transnational learning strategies are more and more desirable. In practice, the field of transnational learning has been dominated by various policy-making institutions, such as the OECD and European Union, working through different types of policy instruments and programs such as structural funds, open methods of coordination, as well as international research institutions and networks set up by cooperating national governments working on comparative analysis, benchmarking and indicators. This book lays out a set of methods which can further enhance the experience of transnational learning, starting from the sociological ideas promoted by Charles Sabel of learning through monitoring, and by Marie Laure Djelic and others of the "translation" of experiences between different countries. Case studies and examples are collected from three fields: industrial development, tourism and local government.

Why did some firms weather the financial crisis and others not? This book builds on the author's interviews and access to internal documents from over a dozen major financial companies, investigates their workings, reveals what went wrong and discovers a remedy. A critical difference between successful and unsuccessful firms is a culture that encourages respectful challenge, what the book calls "constructive dialogue. " At successful firms top management engaged in constructive dialogue with the board, a strong management team, and the chief risk officer, among others, in making a decision; firms that failed often featured overbearing (or distracted) CEOs or unit heads, supine boards, incapable management, ineffective risk officers, and poor communications both across silos and up the hierarchy. They often lacked ability to manage the firm as an integrated organization. Companies need good management, and not only good risk management, to stay out of trouble. Successful companies operated with strong information systems and a culture of good communications that brought issues promptly to top management so the company could adjust its operations accordingly. Successful managers had discipline to ask simple questions and pursue answers until they understood the risk-reward tradeoffs in their activities. Regulators too made mistakes. They didn't feel empowered to rein in companies that - at least before the crisis - seemed so profitable. Instead of waiting for a company to take losses, the book recommends that they use "constructive dialogue " as a test of good management and that supervisors require evidence that major business decisions result from a robust process rather than merely the will of a powerful CEO or heads of revenue-producing units. Companies in turn should use their regulator as a potential source of useful feedback. The book concludes by looking at major firms in other industries and finds that its conclusions apply to these companies too.

The spectacular economic performance of China, East Asia and India during the last ten years has ignited some profound changes in the world economy. The share of global demand, investments, trade and production of the traditional industrialized powers, the US, Europe and Japan, has gradually yet continuously declined. This rise of China also has implications for Latin America. On the one hand, booming Chinese demand for raw materials and food has sustained the economic performance of Latin America during the last decade. On the other hand, the competitiveness of China and as a hub for advanced manufacturing is threatening Latin America's attempt to diversify its economy from its dependence on the export of natural resource-based goods. Most Latin American countries are not however waiting passively for their economies to become ever more reliant on high prices for food, minerals and oil. Leveraging the economic and political stability that they achieved during the last decades, many countries in the region, such as Brazil, Chile, Colombia, Costa Rica and Uruguay, are attempting to capture the growing market for knowledge intensive products and services by breeding their own Silicon Valleys. This book discusses the promotion of ICT clusters in Latin America by analyzing the development of the Costa Rican cluster in particular, an often celebrated case of successful policy in the region. Costa Rica, a small country traditionally known for its coffee and wildlife, managed to build an information technology cluster within ten years, becoming the leading producer of ICT per capita in Latin America. Studying the Costa Rican case provides a solid starting point for understanding the challenges of building ICT clusters in Latin America.

Investition und Finanzierung sind zwei verschiedene Seiten derselben Medaille. Unter Investition versteht man die Verwendung finanzieller Mittel in Anlagen, Maschinen oder immaterielles VermAgen, mit dem Ziel, das eingesetzte Kapital zu vermehren. Die Beschaffung dieser eingesetzten finanziellen Mittel ist die Finanzierung. Jeder Wirtschaftswissenschaftler muss sich im Rahmen seines Studiums daher mit diesem Thema auseinandersetzen. Investition und Finanzierung sind elementare Bestandteil der UnternehmensfA1/4hrung. Wolfgang Patzig und Marcel SchA1/4tzenmeister fA1/4hren anhand eines durchgAngigen Beispiel-Unternehmens in die Grundlagen des Themas ein und zeigen die Ziele finanzwirtschaftlichen Handelns auf. Sie erklAren, was Sie zu dynamischen und statischen Verfahren der Investitionsrechnung wissen sollten. AuA erdem erlAutern sie, was in Risikoanalyse, Finanzplanung, AuA en- und Innenfinanzierung wichtig ist. So liefert dieses Buch einen guten und leicht verstAndlichen A berblick A1/4ber Investition und Finanzierung. Besonders im Vergleich zu anderen LehrbA1/4chern ist die Herangehensweise an die Thematik. So steht bei Patzig/SchA1/4tzenmeister die praktische Anwendung im Vordergrund. Theoretische Modelle werden dann eingefA1/4hrt und erlAutert, wenn sie zur ProblemlAsung benAtigt werden.

This collection offers pathbreaking framing of the material culture of financialisation. It begins with a tight definition of financialisation in order to distinguish the phenomenon of financialisation from its effects and from the looser associations prevalent within much of the literature such as the presence of credit or even simply (more extensive) monetary relations. To locate financialisation within economic and social reproduction, of which material culture is a part, close attention is paid to the distinctive forms of financialisation arising from commodification, commodity form and commodity calculation. The differences in the extent to which, and how, these prevail are addressed through the innovative system of provision approach and its framing of material culture through use of ten distinctive attributes of such cultures, known as the 10Cs (Constructed, Construed, Conforming, Commodified, Contextual, Contradictory, Closed, Contested, Collective and Chaotic). This framing of the cultures attached to financialisation is then illustrated through case studies demonstrating the diverse ways in which shifting cultures have served to embed financialisation in our daily lives. After a discussion of the material culture of financialisation itself there are two sector examples which review financial cultures in the provision of water and housing. These are followed by considerations of financialisation in financial literacy and financial inclusion, the media and, finally, well-being. The chapters in this book were originally published in a special issue of New Political Economy.

The most comprehensive, global guide to business model design and innovation for academic and business audiences. Business Model Innovation Strategy: Transformational Concepts and Tools for Entrepreneurial Leaders is centered on a timely, mission-critical strategic issue that both founders of new firms and senior managers of incumbent firms globally need to address as they reimagine their firms in the post COVID-19 world. The book, which draws on over 20 years of the authors collaborative theoretical and rigorous empirical research, has a pragmatic orientation and is filled with examples and illustrations from around the world. This action-oriented book provides leaders with a rigorous and detailed guide to the design and implementation of innovative, and scalable business models for their companies. Faculty and students can use Business Model Innovation Strategy as a textbook in undergraduate, MBA, and EMBA degree courses as well as in executive courses of various designs and lengths. The content of the book has been tested in both degree and non-degree courses at some of the world's leading business schools and has helped students and firm leaders to develop ground-breaking business model innovations. This book will help you: Learn the basics of business model innovation-including the latest developments in the field Learn how business model innovation presents new and profitable business opportunities in industries that were considered all but immune to attacks from newcomers Learn how to determine the viability of your current business model Explore new possibilities for value creation by redesigning your firm's business model Receive practical, step-by-step guidance on how to introduce business model innovation in your own company Become well-versed in an important area of business strategy and entrepreneurship Authors Amit and Zott anchored the book on their pioneering research and extensive scholarly and practitioner-oriented publications on the design, implementation, and performance implications of innovative business models. They are the most widely cited researchers in the field of business model innovation, and they teach at the top-ranked Wharton School of the University of Pennsylvania and the prestigious global business school IESE with campuses in Barcelona, Madrid, Munich, New York, and Sao Paulo.

When your kids develop a healthy relationship with money at an early age, it will help every aspect of their lives to flourish.

Kids have an invaluable asset: They have time. And the multiplying impact of wise money-management lessons learned early will be staggering. Cultivating within them a heart for generosity and wise habits around earning, saving, investing, and spending will impact every aspect of their lives—their relationship with Jesus, their future marriage, their ability to make a difference with their lives, and much more.

In Trusted, Matt Bell provides the stories, motivation, and guidance you need to help your kids develop powerfully effective biblical money-management attitudes and behaviors. Drawing from his family’s experiences and those of other parents, Matt will equip you to teach your kids the purpose of money and how to pursue biblical financial priorities—everything they need to get on the right path for a lifetime of effective, joyful, God-glorifying money management. Includes plenty of examples, suggested conversation topics, and activities to do together with your children.

This book contributes to the present state of knowledge, offering the reader broad evidence on how new digital technologies impact financial systems. It focuses on both macro- and micro-perspectives of ICT influence on financial markets. The book demonstrates how ICT can impact trading systems or information systems, which are crucial for financial systems to work effectively. It also shows how individuals can benefit from the adoption of digital technologies for everyday financial (e.g., banking) systems usage. The book provides empirical evidence of how digital technologies revolutionize the banking sector and stock exchange trading system and explores the associations between technology and various aspects of firms' functioning. Furthermore, it raises elements of financial inclusion, ICT-based microfinance service and finance-related gender issues. The principal audience of the book will be scholars and academic professionals from a wide variety of disciplines, particularly in the fields of finance and economics. It will be especially useful for those who are addressing the issues of new technologies and the financial markets, FinTech, financial innovations, stock markets, and the role of technological progress in a broadly defined socio-economic system. It will be a valuable source of knowledge for graduate and postgraduate students in economic and social development, information and technology, worldwide studies, social policy or comparative economics.

Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith's famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What's needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom-the world's most frequently cited academic expert on auction design-describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world's growing complex resource allocation problems.

-Extended focus on the effect of "liberal" policies on educational privatization. -Provides precise empirical accounts of the dollars spent and profits earned through market-based education initiatives. -Examines specific domains that the education industry has had particular influence on-home schooling, remedial instruction, management consulting, test development, data management, and staff development.

Money Games is a riveting tale of one of the most successful buyout deals ever: the acquisition and turnaround of what used to be Korea's largest bank by the American firm Newbridge Capital. Full of intrigue and suspense, this insider's account is told by the chief architect of the deal itself, the celebrated author and private equity investor Weijian Shan. With billions of dollars at stake, and the nation's economic future on the line, Newbridge Capital sought to become the first foreign firm in history to take control of one of Korea's most beloved financial institutions. In a proud country still reeling from a humiliating International Monetary Fund bailout in the Asian Financial Crisis, Newbridge Capital had to muster every ounce of skill, determination, and patience to bring the deal to closing. Shan takes readers inside the battle to win control of the bank--a delicate, often exasperating process that meant balancing the goals of Newbridge with those of the government, bank employees, and Korea's powerful industrial titans. Finally, the author describes how Newbridge transformed and rebuilt the struggling bank into a shining example of modern banking--as well as a massively profitable investment. In the secret world of private equity, few buyouts have been written about with such clarity, detail, and insight--and none with such completeness, covering not only the dealmaking but also the transformation and eventual exit of the investment. For anyone who has ever wondered how private equity investors strike bargains, turn around businesses, and create immense value--or anyone interested in a captivating story of high-stakes money-making--this book is a must-read.