Investments
Securities Prices And Performance
- Editore:
Mit Press Ltd
- EAN:
9780262515306
- ISBN:
026251530X
- Pagine:
- 452
- Formato:
- Paperback
- Lingua:
- Inglese
Descrizione Investments
This collection of articles in investment and portfolio management spansthe thirty-five-year collaborative effort of two key figures in finance. Each of thenine sections begins with an overview that introduces the main contributions of thepieces and traces the development of the field. Each volume contains a foreword byNobel laureate Harry Markowitz.Volume I presents the authors' groundbreaking work onestimating the inputs to portfolio optimization, including the analysis ofalternative structures such as single and multi-index models in forecastingcorrelations; portfolio maximization under alternative specifications for returnstructures; the impact of CAPM and APT in the investment process; and taxes andportfolio composition.Volume II covers the authors' work on analysts' expectations;performance evaluation of managed portfolios, including commodity, stock, and bondportfolios; survivorship bias and performance persistence; debt markets; andimmunization and efficiency.