Investment Management A Modern Guide to Security Analysis and Stock Selection [Hardcover]

Sound investment decisions require an in-depth knowledge of the financial markets and available financial instruments. This book provides students and professionals with an understanding of the role and activities of an equity security analyst within the investment process. Emphasis is on understanding the process of analyzing companies; the valuation process; and the challenges of achieving success in a highly competitive capital market. The authors present a comprehensive compendium on the financial theory, the empirical evidence and the mathematical tools that form the underlying principles of investment decisions.

This book provides an understanding of the role of an equity security analyst within the investment process. It presents a comprehensive compendium on the financial theory and the mathematical tools that form the underlying principles of investment decisions.

Sound investment decisions require an in-depth knowledge of the financial markets and available financial instruments. This book provides students and professionals with an understanding of the role and activities of an equity security analyst within the investment process. Emphasis is on understanding the process of analyzing companies; the valuation process; and the challenges of achieving success in a highly competitive capital market. The authors present a comprehensive compendium on the financial theory, the empirical evidence and the mathematical tools that form the underlying principles of investment decisions.

to securities markets and investment management.- to Market Microstructure.- An Overview of Securities Markets Regulation around the World.- Financial Theories.- The Capital Asset Pricing Model and Arbitrage Pricing Theory: Theory.- The Capital Asset Pricing Model and Arbitrage Pricing Theory: Tests and Application.- Financial Statements and Equity Prices.- Accounting and Financial Analysis.- The use (and misuse) of Cash flow statlÑ