November 24, 2020

Download Ebook Free Rethinking Valuation And Pricing Models

Rethinking Valuation and Pricing Models

Rethinking Valuation and Pricing Models
Author : Carsten Wehn,Christian Hoppe,Greg N. Gregoriou
Publisher : Academic Press
Release Date : 2012-12-17
Category : Business & Economics
Total pages :652
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It is widely acknowledged that many financial modelling techniques failed during the financial crisis, and in our post-crisis environment many techniques are being reconsidered. This single volume provides a guide to lessons learned for practitioners and a reference for academics. Including reviews of traditional approaches, real examples, and case studies, contributors consider portfolio theory; methods for valuing equities and equity derivatives, interest rate derivatives, and hybrid products; and techniques for calculating risks and implementing investment strategies. Describing new approaches without losing sight of their classical antecedents, this collection of original articles presents a timely perspective on our post-crisis paradigm. Highlights pre-crisis best classical practices, identifies post-crisis key issues, and examines emerging approaches to solving those issues Singles out key factors one must consider when valuing or calculating risks in the post-crisis environment Presents material in a homogenous, practical, clear, and not overly technical manner

Rethinking Value-Added Models in Education

Rethinking Value-Added Models in Education
Author : Audrey Amrein-Beardsley
Publisher : Routledge
Release Date : 2014-04-24
Category : Education
Total pages :251
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Since passage of the of No Child Left Behind Act in 2001, academic researchers, econometricians, and statisticians have been exploring various analytical methods of documenting students‘ academic progress over time. Known as value-added models (VAMs), these methods are meant to measure the value a teacher or school adds to student learning from one year to the next. To date, however, there is very little evidence to support the trustworthiness of these models. What is becoming increasingly evident, yet often ignored mainly by policymakers, is that VAMs are 1) unreliable, 2) invalid, 3) nontransparent, 4) unfair, 5) fraught with measurement errors and 6) being inappropriately used to make consequential decisions regarding such things as teacher pay, retention, and termination. Unfortunately, their unintended consequences are not fully recognized at this point either. Given such, the timeliness of this well-researched and thoughtful book cannot be overstated. This book sheds important light on the debate surrounding VAMs and thereby offers states and practitioners a highly important resource from which they can move forward in more research-based ways.

Rethinking Value Investing for a Global Age

Rethinking Value Investing for a Global Age
Author : Jeffrey Towson
Publisher : Pearson Education
Release Date : 2011-04-21
Category : Business & Economics
Total pages :10
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This is the eBook version of the printed book. This Element is an excerpt from What Would Ben Graham Do Now?: A New Value Investing Playbook for a Global Age (9780132173230) by Jeffrey Towson. Available in print and digital formats. How to adapt Ben Graham’s powerful value investing approach for the realities of today’s fast-shifting global markets. The world’s tallest building is in Dubai, its largest phone company in China, its richest person in Mexico. The first truly global century arrived much faster than anticipated–and it’s caught many smart investors flat-footed. Ben Graham’s core concept of intrinsic value remains the anchor for investing in this new world. But today’s general chaos presents growing challenges for traditional value methodology.

Rethinking the Financial Crisis

Rethinking the Financial Crisis
Author : Alan S. Blinder,Andrew W. Loh,Robert M. Solow
Publisher : Russell Sage Foundation
Release Date : 2013-01-03
Category : Business & Economics
Total pages :376
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Some economic events are so major and unsettling that they “change everything.” Such is the case with the financial crisis that started in the summer of 2007 and is still a drag on the world economy. Yet enough time has now elapsed for economists to consider questions that run deeper than the usual focus on the immediate causes and consequences of the crisis. How have these stunning events changed our thinking about the role of the financial system in the economy, about the costs and benefits of financial innovation, about the efficiency of financial markets, and about the role the government should play in regulating finance? In Rethinking the Financial Crisis, some of the nation’s most renowned economists share their assessments of particular aspects of the crisis and reconsider the way we think about the financial system and its role in the economy. In its wide-ranging inquiry into the financial crash, Rethinking the Financial Crisis marshals an impressive collection of rigorous and yet empirically-relevant research that, in some respects, upsets the conventional wisdom about the crisis and also opens up new areas for exploration. Two separate chapters–by Burton G. Malkiel and by Hersh Shefrin and Meir Statman – debate whether the facts of the financial crisis upend the efficient market hypothesis and require a more behavioral account of financial market performance. To build a better bridge between the study of finance and the “real” economy of production and employment, Simon Gilchrist and Egan Zakrasjek take an innovative measure of financial stress and embed it in a model of the U.S. economy to assess how disruptions in financial markets affect economic activity—and how the Federal Reserve might do monetary policy better. The volume also examines the crucial role of financial innovation in the evolution of the pre-crash financial system. Thomas Philippon documents the huge increase in the size of the financial services industry relative to real GDP, and also the increasing cost per financial transaction. He suggests that the finance industry of 1900 was just as able to produce loans, bonds, and stocks as its modern counterpart—and it did so more cheaply. Robert Jarrow looks in detail at some of the major types of exotic securities developed by financial engineers, such as collateralized debt obligations and credit-default swaps, reaching judgments on which make the real economy more efficient and which do not. The volume’s final section turns explicitly to regulatory matters. Robert Litan discusses the political economy of financial regulation before and after the crisis. He reviews the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which he considers an imperfect but useful response to a major breakdown in market and regulatory discipline. At a time when the financial sector continues to be a source of considerable controversy, Rethinking the Financial Crisis addresses important questions about the complex workings of American finance and shows how the study of economics needs to change to deepen our understanding of the indispensable but risky role that the financial system plays in modern economies.

Rethinking the Good

Rethinking the Good
Author : Larry S. Temkin
Publisher : Oxford University Press
Release Date : 2014-12-04
Category : Philosophy
Total pages :640
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In choosing between moral alternatives -- choosing between various forms of ethical action -- we typically make calculations of the following kind: A is better than B; B is better than C; therefore A is better than C. These inferences use the principle of transitivity and are fundamental to many forms of practical and theoretical theorizing, not just in moral and ethical theory but in economics. Indeed they are so common as to be almost invisible. What Larry Temkin's book shows is that, shockingly, if we want to continue making plausible judgments, we cannot continue to make these assumptions. Temkin shows that we are committed to various moral ideals that are, surprisingly, fundamentally incompatible with the idea that "better than" can be transitive. His book develops many examples where value judgments that we accept and find attractive, are incompatible with transitivity. While this might seem to leave two options -- reject transitivity, or reject some of our normative commitments in order to keep it -- Temkin is neutral on which path to follow, only making the case that a choice is necessary, and that the cost either way will be high. Temkin's book is a very original and deeply unsettling work of skeptical philosophy that mounts an important new challenge to contemporary ethics.

Rethinking the MBA

Rethinking the MBA
Author : Srikant Datar,David A. Garvin,Patrick G. Cullen
Publisher : Harvard Business Press
Release Date : 2010-04-22
Category : Business & Economics
Total pages :400
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"Business Schools Face Test of Faith." "Is It Time to Retrain B-Schools?" As these headlines make clear, business education is at a major crossroads. For decades, MBA graduates from top-tier schools set the standard for cutting-edge business knowledge and skills. Now the business world has changed, say the authors of Rethinking the MBA, and MBA programs must change with it. Increasingly, managers and recruiters are questioning conventional business education. Their concerns? Among other things, MBA programs aren't giving students the heightened cultural awareness and global perspectives they need. Newly minted MBAs lack essential leadership skills. Creative and critical thinking demand far more attention. In this compelling and authoritative new book, the authors: · Document a rising chorus of concerns about business schools gleaned from extensive interviews with deans and executives, and from a detailed analysis of current curricula and emerging trends in graduate business education · Provide case studies showing how leading MBA programs have begun reinventing themselves for the better · Offer concrete ideas for how business schools can surmount the challenges that come with reinvention, including securing faculty with new skills and experimenting with new pedagogies Rich with examples and thoroughly researched, Rethinking the MBA reveals why and how business schools must define a better pathway for the future.

Rethinking Sales Management

Rethinking Sales Management
Author : Beth Rogers
Publisher : John Wiley & Sons
Release Date : 2011-02-15
Category : Business & Economics
Total pages :314
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Until recently, sales managers received no specific training for their jobs. However, selling has become more complex with the emergence of regulations and more sophisticated customers. Sales managers need to inspire and achieve sales results by managing teams of professionals and other resources. To do so, they need guidance on dealing with issues that arise in these broader aspects of their role. This concise guide for sales managers is based on a well-known sales management technique called the ‘customer portfolio matrix’. Beth Rogers weaves her version of this throughout, enabling sales managers to see their strategy from the customer’s point of view. Doing so will allow them to set realistic objectives, design new strategies that add real customer value, avoid wasting time on price-oriented customers and deploy resources for maximum results.

Rethinking Corporate Governance

Rethinking Corporate Governance
Author : Roger Blanpain,William Bromwich,Olga Rymkevich,Iacopo Senatori
Publisher : Kluwer Law International B.V.
Release Date : 2011-01-01
Category : Business & Economics
Total pages :359
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Now that the economic orthodoxy of 'light-touch' regulation has been widely discredited by recent events in the financial markets, and shareholder-oriented management has come under intense scrutiny, it is time to seriously consider the merits of stakeholder-oriented economies. In this far-reaching symposium on this aspect of comparative labour relations, 35 scholars examine case studies and evolving scenarios in a wide variety of countries, from leading economic powers such as the United States, the United Kingdom, and Germany to post-socialist states such as Poland, Hungary, and Bulgaria to the formidable global economic presences of Brazil, Russia, and India. With contributions from leading experts from all around the world in the fields of labour law, industrial relations, labour economics, labour statistics, human resources management, organization theory and other related subjects, the papers focus on the impact of the global economic crisis and its implications for the future of employment. Specific contexts covered include: ; adversarial versus strategic collective bargaining; transnational collective bargaining; long-term employees as the most valuable corporate stakeholders; workers' voice and participation in the restructuring of undertakings; privatization of state-owned companies; executive pay; investment in vocational training in times of economic crisis; the impact of the EU's Cross-Border Merger Directive; inherent dangers in the EMU one-size-fits-all monetary policy; and cases of large-scale corporate fraud. Of particular interest is the treatment of important developments in Singapore and Nigeria, as well as lessons to be learned from pitfalls encountered in South Africa and other countries. With its theoretical arguments and empirical data, this volume is certainly a major contribution to the debate over whether shareholder or stakeholder approaches to management yield the best results in terms of employment outcomes. As the world economic crisis continues to take its toll on employment, pension funds, public services, and living standards, the book is sure to find a wide audience among policymakers and lawyers worldwide concerned with the future of employment relations and their effect on both productivity and social stability. This volume includes a selection of papers from the Eighth International Conference in commemoration of Marco Biagi held at the Marco Biagi Foundation in Modena, Italy in March 2010.

Rethinking the Education Improvement Agenda

Rethinking the Education Improvement Agenda
Author : Kevin J. Flint,Nick Peim
Publisher : A&C Black
Release Date : 2011-12-01
Category : Education
Total pages :320
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Offering a philosophical perspective to the educational improvement agenda, this engaging text provides a new language for research into educational improvement, bringing leading-edge philosophy to current practice. Drawing on philosophical work, including that of Derrida, Foucault and Heidegger, the authors deconstruct the ethic of improvement before exploring key dimensions of education, its institutions and technologies. Each chapter draws on international case studies, provides engaging questions and makes suggestions for further reading to support the reader. Topics covered include: • The Ethic of Improvement • Teacher Education • Leadership and Management • Lifelong Learning • The Rhetoric of Numbers • The Governance of Childhood • The State of Education Research An essential text for all looking at how we think and talk about education and improvement.

Rethinking Tuition and Student Aid Strategies

Rethinking Tuition and Student Aid Strategies
Author : Edward P. St. John
Publisher : Jossey-Bass Incorporated Pub
Release Date : 1995
Category : College costs
Total pages :115
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Many institutions are encountering problems attracting and retaining students due to college costs. The tuition and student aid strategies that worked so well for so many institutions in the 1980s are no longer working quite as well. This volume is intended to help college and university administrators build a better understanding of alternative ways of approaching pricing decisions in this new context. The first four chapters examine the experiences of two states and two institutions that have taken different paths in their tuition and student aid strategies. The second four chapters suggest techniques that administrators and policy makers can use in their efforts to evaluate alternative tuition and aid strategies.

Rethinking Governance of the Army's Arsenals and Ammunition Plants

Rethinking Governance of the Army's Arsenals and Ammunition Plants
Author : William Michael Hix,Ellen M. Pint,John R. Bondanella
Publisher : Rand Corporation
Release Date : 2003
Category : History
Total pages :317
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Assesses options for managing the Army's arsenals and ammunition plants.

Rethinking Estate and Gift Taxation

Rethinking Estate and Gift Taxation
Author : William G. Gale,James R. Hines,Joel Slemrod
Publisher : Brookings Institution Press
Release Date : 2011-07-01
Category : Political Science
Total pages :528
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Although estate and gift taxes raise a small fraction of federal revenues, they have become sources of increasing political controversy. This book is designed to inform the current policy debate and build a conceptual basis for future scholarship. The book contains eleven original studies of estate and gift taxes, along with discussants' comments. The essays provide background and historical information; analyze the optimal taxation of estates and gifts; examine the effects of the tax on charitable contributions, saving behavior, the distribution and level of wealth, tax avoidance and tax evasion; and explore the effects of alternatives to estate taxation.

Rethinking Public Strategy

Rethinking Public Strategy
Author : Sean Lusk,Nick Birks
Publisher : Macmillan International Higher Education
Release Date : 2014-07-23
Category : Political Science
Total pages :264
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Drawing on a wide range of international experience, a state of the art introduction to the distinctive role and nature of public strategy which is designed to meet the needs of students and practitioners alike.

Rethinking the Sales Force: Redefining Selling to Create and Capture Customer Value

Rethinking the Sales Force: Redefining Selling to Create and Capture Customer Value
Author : John DeVincentis,Neil Rackham
Publisher : McGraw Hill Professional
Release Date : 1999-01-15
Category : Business & Economics
Total pages :308
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In today's markets, success no longer depends on communicating the value of products or services. It rests on the crucial ability to create value for customers. Sales forces need to retool current strategies by recognizing the customer's dominant power in today's economy and what that means for those who sell. Capitalizing on research into the practices of cutting edge companies, the authors show how the successful sales force breaks away from traditional thinking and transforms themselves into complex business processes with multiple sales approaches and selling mdoels that meet the demands of today's sophisticated customers.

Rethinking Social Inquiry

Rethinking Social Inquiry
Author : Henry E. Brady,David Collier
Publisher : Rowman & Littlefield
Release Date : 2004
Category : Social Science
Total pages :362
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'Rethinking Social Inquiry' offers a cohesive set of reflections on the quest for common standards drawn from quantitative methodology. The contributors argue that these standards must be drawn from exemplary qualitative research as well as the best quantitative studies.