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Books > Business & Economics > Finance & accounting > Finance > Investment & securities
This title was first published in 2003. Among the major challenges transition economies are facing is how to cope with globalization. Foreign direct investment (FDI) has proved the most dynamic (defensive and offensive) response, as an integration and network tool, yet outward FDI has so far been overlooked in research. The vitality of outward FDI as an entry mode to the global economy is discussed in this authoritative volume from various angles, beginning with the context of the development strategy and the transition process. The experiences of the Slovene way of internationalization are compared with those of other transition economies. Readers will learn about the size, geographical distribution, trends and sectoral allocation of such outward FDI (OFDI) as well as the major motives, barriers and problems. The book also responds to questions about the extent to which outward FDI is instrumental in development/transition, EU accession and competitiveness strengthening. Based on extensive empirical research and focused case studies, the volume provides valuable lessons for other EU candidate countries and transition economies, while managerial experiences in entering Central and Eastern European markets offer universal internationalization lessons.
AVERAGE ANNUAL RETURNS OF 70% ... 90% ... 220%! FIND OUT HOW THE WIZARDS OUTPERFORM THE MARKETCan you beat the market year after year and largely sidestep periodic downturns? What separates the country's best investors from the ordinary? What lessons can the small investor learn from modern stock market wizards? Acclaimed trading expert Jack Schwager went to thirteen phenomenally successful traders for answers, including Mark Minervini, a junior high school dropout, who has averaged a 220 percent annual return during the past five years, while keeping his maximum quarterly loss to a fraction of one percent; Mark Cook, a Midwestern farmer who registered back-to-back annual gains of 563 and 322 percent in national trading contests; and Steve Lescarbeau, whose computerized trading model earns him an average of 70 percent per year with an incredibly low drawdown of only 3 percent. In lively interviews with his all-star lineup, Schwager brings you true stories, eye-opening tips, and the inside scoop on how to ride the bull, battle the bear, and still come out on top. And in a final wrap-up Schwager lays out 64 market lessons that provide invaluable insights for average investors and market professionals alike.
Irrational exuberance - the now-famous utterance of Alan Greenspan, referred to the seemingly unending upward spiral of the stock market. As every investor knows, the stock market plummeted after this comment was made, only to recover and exceed every known record over the next year. Nothing, it appears, could keep this market down: not inflationary pressures, concerns over the Asian economic crisis, lack of earnings in many companies, nor elevated stock prices. Nothing, it seems, could stop investors in their passion for bidding up prices of stocks, especially technology and telecommunications. This text warns that Americans are living in an economic dreamland, and that the long bull market and low unemployment levels have only masked a disturbing economic reality - in short, we're in for a rude awakening. Based on extensive research, the book is intended to be sobering reading for any current or would be investor.
More than just an investment dictionary, 101 Investment Tools for Buying Low and Selling High analyzes in a concise style various investment vanes-from stock indexes to measures of affordable housing to leading economic reports.
This book focuses on the impact of foreign investment on selected sectors of two key transition economies - Russia and the Ukraine - to explain the effect of foreign direct investment on the transitional economy. It examines how key Western players in the international investment business have chosen whether to invest in the former Soviet Union and applies these findings to sectors within Russia and the Ukraine. Whilst recognizing the tremendous importance of foreign direct investment (FDI) as a means to upgrade technology in transition conditions, the study also examines the importance of FDI in internationalizing production. The authors question the difference globalization can make to a transition economy in a situation where domestic investment is not recovering, and where there is still no clear-cut upward trend in levels of production.
Everyone on Wall Street knows Jim Cramer, and Cramer knows Wall Street better than anyone. In the most candid and outrageous look at Wall Street since Liar's Poker, Cramer, co-founder of TheStreet.com, radio and television commentator, and for years a premier money manager, takes readers on the wild ride that is Wall Street -- revealing how the game is played, who breaks the rules, and who gets hurt. Confessions of a Street Addict takes us from Cramer's roots in the middle-class Philadelphia suburbs to Harvard, where he began managing money, and then to Goldman Sachs, where he went into business with his wife -- Karen, the "Trading Goddess" -- as his partner. He brilliantly describes the life of a money manager: the frenetic pace, the constant pressure to outperform the market and other fund managers, and the sharklike attacks fund managers make as they circle a fund perceived to be in trouble. Throughout the book Cramer is characteristically outspoken, offering his hard-won insights about the market and everyone in it, himself included. There has never been a more eloquent market insider than Cramer, nor a more high-octane book about Wall Street.
The phenomenon of collusive international agreements (cartels) became widespread in the 1930s. At that time, attempts to control production and prices were mainly the prerogative of multinational firms operating in the developing (then colonized) world. The "modern era" of cartels began in the 1960s, when the governments of developing nations began to participate in commodity agreements to achieve increases and stability in the world price of their commodities. This book is principally concerned with the modern era of cartels. It goes beyond the singular example of petroleum and OPEC to examine the structure of international commodity markets for bauxite (aluminum ore), cocoa, coffee, rubber, sugar, and tin, and the conditions that led to the formation of cartels in those markets during the latter half of the twentieth century. Specifically, the work focuses on four major aspects of international commodity markets: patterns of production and consumption; economic dislocations to both importers and exporters due to price fluctuations; the formation of cartels as a solution to weak and variable commodity prices; and the likely effects arising from tightening raw material markets. The book concludes with a detailed examination of what the future holds for each of the cartels, and what role technology, 24-hour market trading, and decreasing foreign direct investment in producing countries will have on the management of commodity markets.
Michael Edleson first introduced his concept of value averaging to the world in an article written in 1988. He then wrote a book entitled "Value Averaging" in 1993, which has been nearly impossible to find--until now. With the reintroduction of "Value Averaging," you now have access to a strategy that can help you accumulate wealth, increase your investment returns, and achieve your financial goals.
Swaps, futures, options, structured instruments - a wide range of derivative products is traded in today's financial markets. Analyzing, pricing and managing such products often requires fairly sophisticated quantitative tools and methods. This book serves as an introduction to financial mathematics with special emphasis on aspects relevant in practice. In addition to numerous illustrative examples, algorithmic implementations are demonstrated using "Mathematica" and the software package "UnRisk" (available for both students and teachers). The content is organized in 15 chapters that can be treated as independent modules. In particular, the exposition is tailored for classroom use in a Bachelor or Master program course, as well as for practitioners who wish to further strengthen their quantitative background.
The Carribbean countries of Jamaica, Barbados and Trinidad-Tobago represent examples of the increasingly important role played by Foreign Direct Investment (FDI) in less developed micro-economies. The increased dependence of these countries on FDI, however, calls to question the attractiveness of the business environment of the region to the foreign investor. This volume examines both the investment behaviour and corporate strategies operating in these three countries, and assesses the factors which influence the motivations, location choices and market entry mode of multinationals making investment in the Caribbean. The degree to which these are shaped by the timing of the investment decision, the type of FDI - market-seeking, resource-seeking or export-seeking - and the country of origin of the investor is also explored. By drawing on core case studies and the use of quantitative analysis, the author highlights key issues relating to corporate strategy and investment behaviour of Multinational Enterprises in the economies of less industrialised countries, including: DT public policy; DT strategic management; DT human resource development, institutional reform and infrastructural
Taiwanese foreign direct investment rapidly expanded in the mid-1980s when the domestic wage rate and the value of the Taiwanese currency skyrocketed simultaneously. Losing their competitive edge at home, many Taiwanese firms relocated to lower wage countries; mainly Southeast Asia and China. Taiwanese Firms in Southeast Asia provides a comprehensive review of Taiwan's direct investment in Southeast Asia, including Indonesia, Malaysia, Thailand, the Philippines and Vietnam. It also explores the motivation behind investment in Asia, Europe and the US. In most countries, incidence of foreign direct investment is positively correlated with firm size. However, in Taiwanese firms, the opposite is true. The book examines the reasons for this and assesses the difference in practice between small and large firms conducting foreign direct investment, focusing on the manufacturing sector. The book also includes an original, comprehensive survey and a series of interviews with Taiwanese parent firms and their subsidiaries in Southeast Asia. The authors conclude that networking underscores the core competitiveness of Taiwanese firms and when these firms invest abroad, they attempt to maintain a close connection with domestic networks to retain competitiveness and flexibility. However, they will have difficulty in sustaining this in the long-term because co-ordination of production across national borders requires intensive input of managerial resources which are scarce among Taiwanese firms. In the long-term, they have to localize and integrate themselves into the local networks. The book is a result of joint research efforts by Taiwanese, American and Southeast Asian scholars and will be required reading for students and scholars of economies in Southeast Asia, international business, Asian studies and multinational enterprise.
Funds and REITs are among the fastest-growing and most important
investment vehicles used by huge numbers of investors who wish to
capitalize on the stock market and real estate booms of the 1990s.
This timely book provides authoritative information, both
historical and conceptual, that will help to ensure the right
investment choices as well as explain these vehicles to novices.
Investors are firmly entrenched in two camps: those who believe
that economic and financial fundamentals are the keys to investment
success, and those who prefer some form or other of technical
analysis. To serve those who use technical analysis, the authors
have written a practical, useful, and comprehensive guide to all
the major and minor technical analysis systems used by today's
investors and financial professionals.
From basic option terms, to finding the best optionable stocks, to
a winning investment plan creating and utilizing an option
portfolio, Stocks for Options Trading: Low-Risk, Low-Stress
Strategies for Selling Stock Options Profitably provides low stress
tactics designed to make predictable profits when the stock market
moves up, down, or sideways. Once learned these strategies allow
you to accumulate assets steadily, and reach your investment goals.
It clearly explains the features and risk/reward characteristics of
basic options transactions, as well as hedging, tax benefits,
correct use of margin and trading strategies.
"Investment Euphoria and Money Madness" is essential reading for
anyone seeking to make a profit in today's fast-paced financial
markets. Written specifically for brokers, money managers, and
sophisticated investors, Investment Euphoria provides a compelling
view of human behavior in a money environment. Because money has a
way of stirring the emotions and clouding the judgment, it can
change the way that people behave. By understanding yourself, Prof
Gunn maintains, you will learn the keys to better financial
performance.
The North of England has claimed more inward investment form East
Asia than any other region in Britain, or indeed any region in the
other member states of the European Union. Specialists from
business organization and managment join with political economists
and geographers to consider how this Foreign Direct Investment
(FDI) has influenced change in the region, and plot the dynamics of
this particularly British phenomenon.
This book examines the shareholder activism of institutional
investors, and the effect of this activism on portfolio
performance. By focusing on 118 institutional investors
headquartered in the United States, the book is unique in
addressing the shareholder activism of a large sample.
Bringing a unique joint practitioner and academic perspective to the topic, this is the only available text on private equity truly international in focus. Examples are drawn from Europe the Middle East, Africa and America with major case studies from a wide range of business sectors, from the prestigious collection of the London Business School's Coller Institute of Private Equity. Much more than a simple case book, however, "International Private Equity" provides a valuable overview of the private equity industry and uses the studies to exemplify all stages of the deal process, and to illustrate such key topics as investing in emerging markets; each chapter guides the reader with an authoritative narrative on the topic treated. Covering all the main aspects of the private equity model, the book includes treatment of fund raising, fund structuring, fund performance measurement, private equity valuation, due diligence, modeling of leveraged buyout transactions, and harvesting of private equity investments.
Fuzzy Logic is an analytical tool used in the modeling of those phenomena that fall outside the scope of exact sciences. It is used in the analysis of complex and highly nonlinear processes, where mathematical models or standard classic logic cannot define conditions inherent to such processes, e.g. human thinking. Kurt Peray's detailed analysis of the new approaches and techniques for Risk Control and Portfolio Asset Allocation - which uses the principles of Fuzzy Logic - helps you to make decisions as to when to buy, hold or sell. While making independent and educated decisions, you will be able to hedge your portfolio from the volatile forces in the market, and will offset the erosive impact of inflation and taxation. In this electronic age, investors have quick access to important information relevant to the decision process. The guidelines and formulas that serve as foundations to the Fuzzy Logic approach gives you the ability to build customized programs. Investing in Mutual Funds Using Fuzzy Logic is for the individual who wants to invest in financial instruments that will provide a return for growth. With the investment approach he devised, Peray guides the you towards achieving your investment goals.
Secure your financial future before the next big bubble bursts Aftershock provides a definitive look at the economic climate still ahead in 2015 and beyond and details the steps you can take now to secure your financial future. Written by the authors who accurately predicted the financial crisis of 2008 and 2009, this book serves as both a warning and a game plan for investors looking to avoid catastrophic loss. This updated fourth edition has been expanded with new actionable insights about protection and profits in an increasingly confusing investment environment, and includes the latest data, updated charts and tables, and brand new coverage of monetary stimulus. With a look back at the domino fall of the conjoined real estate, stock, and private debt bubbles that triggered the last major crisis, this book paints a vivid picture of what to expect the next time the world's economy pops. You'll learn how to protect your assets before and during the coming fall, and how to capitalize on the opportunities everyone else is missing. The housing bubble has popped, toppling banks and sending shockwaves of stock market misery around the world. It may seem like the worst is over. It's not. This book shows you what's still to come, and how to ride the crest instead of being sucked under. * Learn when, why, and how the global bubble will burst * Understand the repercussions that will reach into your accounts * Get up to date on the data, with expert analysis and insight * Start protecting yourself now with a few smart investment moves The stock market, real estate, consumer spending, private debt, dollar, and government debt bubbles will burst, driving up unemployment, devaluing the dollar, and causing deep global recession. Aftershock helps you fortify your assets before the wave so you can enjoy clear skies after the storm.
This study, based on fieldwork and case studies of southeast Asian countries shows how privatization, investment and new energy technologies can be integrated to combat climate change and provide the maximum return for investors. The author explains what incentives and regulatory structures are needed that do not damage local competitiveness. Asserting that technology transfer is fundamental to effective policies for climate change and for economic development, the text examines how the benefits can be maximized.
This is the first comprehensive textbook for students studying fixed-income securities, and is ideally suited to MBA, MSc and final year undergraduate students in Finance and related topics. The text offers an accessible and detailed account of interest rates and risk management in bond markets. It develops insights into different bond portfolio strategies, and illustrates how various types of derivative securities can be used to shift the risks associated with investing in fixed-income securities. It also provides extensive coverage on all sectors of the bond market, and the techniques for valuing bonds. In addition, explanation is given of state-of-the-art techniques for bond portfolio management, including:
With numerous worked examples covering the valuation, risk management and portfolio strategies of fixed income securities, and imaginative discussion of important topics such as deriving the zero yield curve, deriving credit spreads, and hedging interest rate risk, the text provides an accessible route into the complex worlds of fixed income securities. Supplementary materials for lecturers and students (including a syllabus, a course web page, PowerPoint slides, solutions to problems, and Excel illustrations) can be found at the following website: www.wiley.co.uk/martellini "The authors have produced a work of the very highest quality. As focused as it is comprehensive, this is a superb contribution to the literature..." |
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