New principles of equity investment

The modern finance paradigm is incomplete. Obvious gaps include poor performance of professional investors, puzzles enough in equity markets to support a sub-discipline of behavioural finance that patches over irrational biases and mispricings, and chronic, but inexplicable, financial crises. As wit...

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Bibliographic Details
Main Author: Coleman, Les, (Author)
Format: eBook
Language: English
Published: Bingley, U.K. : Emerald Publishing Limited, 2019.
Subjects:
Investment analysis.
Portfolio management.
Stocks.
Business & Economics > Corporate Finance > General.
Finance & accounting.
elektronické knihy
electronic books
ISBN: 9781789730630 (e-book)
Physical Description: 1 online resource (xvi, 258 pages)

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Table of contents

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001 em-9781789730630
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006 m o d
007 cr un|||||||||
008 190315s2019 enk ob 001 0 eng d
020 |a 9781789730630 (e-book) 
040 |a UtOrBLW  |b eng  |e rda  |c UtOrBLW 
080 |a 332.6 
100 1 |a Coleman, Les,  |e author. 
245 1 0 |a New principles of equity investment /  |c Les Coleman (The University of Melbourne, Australia). 
264 1 |a Bingley, U.K. :  |b Emerald Publishing Limited,  |c 2019. 
264 4 |c ©2019 
300 |a 1 online resource (xvi, 258 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
504 |a Includes bibliographical references and index. 
505 0 |a Prelims -- 1. What this book is about -- 2. Four-component model of equity pricing -- 3. How professionals invest -- 4. Risk in equity investment -- 5. Fundamental analysis of equities -- 6. Pricing equities within the four-component model -- 7. Market level influences and transaction timing -- 8. Portfolio construction and performance evaluation -- 9. Summary and conclusions -- References -- Index. 
520 |a The modern finance paradigm is incomplete. Obvious gaps include poor performance of professional investors, puzzles enough in equity markets to support a sub-discipline of behavioural finance that patches over irrational biases and mispricings, and chronic, but inexplicable, financial crises. As with so many other disciplines, existing finance theory explains less than a tenth of what we see in markets and investment. A new paradigm of investment is needed.New Principles of Equity Investments brings together robust scientific methodology with empirical evidence to propose a new paradigm of equity investment. It begins with a wide-ranging review of investor practices using mainly US and European research and surveys, and then outlines the nature of investment risk, the links between equity returns and institutional factors, and the structure of equity markets. The result is a sophisticated description of what we know is true about investment, and a frank assessment of the limitations to investment expertise. The author then presents a coherent, workable theory of equity prices that can be applied in practice by equity investors, and explains logical investor behaviours that have been thought of as biases.Written by an academic with many years of practical investment experience, this book will provide new insights for equity investors who are looking for new perspectives and a better understanding of today's complex markets.  
650 0 |a Investment analysis. 
650 0 |a Portfolio management. 
650 0 |a Stocks. 
650 7 |a Business & Economics  |x Corporate Finance  |x General.  |2 bisacsh 
650 7 |a Finance & accounting.  |2 bicssc 
655 7 |a elektronické knihy  |7 fd186907  |2 czenas 
655 9 |a electronic books  |2 eczenas 
776 |z 9781789730661 
856 4 0 |u https://proxy.k.utb.cz/login?url=https://doi.org/10.1108/9781789730630  |y Full text 

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