Stock Markets, Investments and Corporate Behavior: A Conceptual Framework of Understanding

Dempsey, M 2016, Stock Markets, Investments and Corporate Behavior: A Conceptual Framework of Understanding, Imperial College Press, London, United Kingdom.


Document type: Book
Collection: Books

Title Stock Markets, Investments and Corporate Behavior: A Conceptual Framework of Understanding
Author(s) Dempsey, M
Year 2016
Publisher Imperial College Press
Place of publication London, United Kingdom
Subjects Finance
Financial Institutions (incl. Banking)
Investment and Risk Management
Summary Stock Markets, Investments and Corporate Behavior examines the nature of stock market growth and decline, the function of financial markets, and their implications for commercial companies. Traditionally, finance academics have attempted to understand financial markets and commercial companies as physicists approach their subject matter: with a set of laws in mind that govern the field. But finance is not physics. The academic's approach falsely assumes that financial markets can be understood as systems within which self-interested maximizers behave in logical ways that are coordinated by the invisible hand of the price mechanism. This book demonstrates that finance is more appropriately understood as a field in which investors and finance managers may or may not use rational calculations as the basis of their decision making. This book opens with an effective dismantling of the traditional mathematical approach used to understand and describe markets and corporate financial behavior. In its place, the mathematics of growth and decline is developed anew, while holding to the realization that the decisions of organizations rely on the choices of real people with limited information available to them. The book will appeal to all students who wish to reappraise their knowledge of finance in a thoughtful manner. Specifically, this book is designed to appeal to anyone who wishes to refine their understanding of the nature of stock markets and financial growth, optimal portfolio allocation, option pricing, asset valuation, corporate financial behavior, and what it means to be ethical in our financial institutions.
Copyright notice © 2016 by Imperial College Press
ISBN 9781783266999
Versions
Version Filter Type
Access Statistics: 313 Abstract Views  -  Detailed Statistics
Created: Fri, 18 Mar 2016, 12:27:00 EST by Catalyst Administrator
© 2014 RMIT Research Repository • Powered by Fez SoftwareContact us