Đồ án, luận văn, do an, luan van

Tài chính doanh nghiệp - Chapter 10: Index models
ri = E(Ri) + ßiF + e ßi = index of a securities’ particular return to the factor F= some macro factor; in this case F is unanticipated movement; F is commonly related to security returns Assumption: a broad market index like the S&P500 is the common factor.
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Tài chính doanh nghiệp - Chapter 9: The capital asset pricing model
It is the equilibrium model that underlies all modern financial theory. Derived using principles of diversification with simplified assumptions. Markowitz, Sharpe, Lintner and Mossin are researchers credited with its development.
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Tài chính doanh nghiệp - Chapter 8: Optimal risky portfolios
rp = W1r1 + W2r2 W1 = Proportion of funds in Security 1 W2 = Proportion of funds in Security 2 r1 = Expected return on Security 1 r2 = Expected return on Security 2
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Tài chính doanh nghiệp - Chapter 7: Capital allocation between the risky and the risk - Free asset
It’s possible to split investment funds between safe and risky assets. Risk free asset: proxy; T-bills Risky asset: stock (or a portfolio)
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Tài chính doanh nghiệp - Chapter 6: Risk and risk aversion
Investor’s view of risk Risk Averse Risk Neutral Risk Seeking Utility Utility Function U = E ( r ) - .005 A s 2 A measures the degree of risk aversion
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Tài chính doanh nghiệp - Chapter 5: History of interest rates and risk premiums
Supply Households Demand Businesses Government’s Net Supply and/or Demand Federal Reserve Actions
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Tài chính doanh nghiệp - Chapter 4: Mutual funds and other investment companies
Administration & record keeping Diversification & divisibility Professional management Reduced transaction costs
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Tài chính doanh nghiệp - Chapter 3: How securities are traded
Primary New issue Key factor: issuer receives the proceeds from the sale. Secondary Existing owner sells to another party. Issuing firm doesn’t receive proceeds and is not directly involved.
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Tài chính doanh nghiệp - Chapter 2: Financial instruments
Debt Money market instruments Bonds Common stock Preferred stock Derivative securities
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Tài chính doanh nghiệp - Chapter 1: The investment environment
Essential nature of investment Reduced current consumption Planned later consumption Real Assets Assets used to produce goods and services Financial Assets Claims on real assets
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