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.
The old lawyer caressed his smoothly shaven chin and gazed out at Joyce Lavillotte from under his shaggy eyebrows, as from the port-holes of a castle, impressing her as being quite as inscrutable of aspect and almost as belligerent. She, flushed and bright-eyed, leaned forward with an appealing air, opposing the resistless vigor of youth to the impassiveness of age."It is not the crazy scheme you think it, Mr. Barrington," she said in that liquid voice which was an inheritance from her creole ancestry, "and I do not mean to risk my last dollar. You know I have means that cannot be touched. Why should you be so sure I cannot manage the Works-especially when Mr. Dalton is so capable and--"The lawyer uttered something between a grunt and a laugh."It's Mr. Dalton who will manage it all. What do you know of the Works?""No, he will not, Mr. Barrington. The factory, of course, is his province, but the village shall be mine. You think, because I am not yet twenty-two, that I do not know my own mind, but you forget how long I have been motherless; and a girl has to think for herself when her mother goes."
This book focuses on the legal implications of how assets are held on behalf of investors by other parties (such as brokers, investment managers, specialist custodians and central depositaries) and in particular how the chosen method affects the legal rights of the investor over the assets in question. The impact of immobilisation, dematerialisation, fungible holdings and settlement practices are all considered. The book also covers the effect of the use of custody assets for security, the duties of custodians, the remedies of investors, cross-border custody and the regulatory response to custody business. An authoritative work for practitioners, academics and reference libraries specializing in financial services, banking and investment law, both in the UK and internationally, it provides one of the clearest and most up to date analyses of these subjects available.
This book offers a collection of studies on regional integration and the dynamic business environment in East Asia. The papers included, originally presented at the 2014 Asia Pacific Business Conference on "Free Trade Agreements and Regional Integration in East Asia," examine the challenges and dynamics in the increasingly integrated East Asian markets and outline a new paradigm for doing international business in the region. The papers address diverse areas related to regional integration, financial markets, investment, trade and capital flow, sustainability, accounting and auditing issues, exchange rates, strategies and the regional business environment. The book provides a valuable resource for practitioners, policy-makers and students who are interested in understanding the vibrant aspects of business in today's East Asia.
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