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Impact of Aircraft Sourcing & Financing on Financial Success : A strategic view on basic aircraft sourcing & financing characteristics and their impact on stock market and long term financial performance of aircraft operating and holding companies
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ISBN: 3658240946 3658240938 Year: 2013 Publisher: Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler,

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Airlines follow different strategies of aircraft sourcing and financing. Basic decisions include the choice of buy versus lease and long term versus short term acquisition of aircraft. Additional fleet and fleet planning characteristics include the desired fleet size, average aircraft age, or possible surplus in capacity. Do these variables have an impact on financial success? Taking the perspective of a shareholder, the author uses multivariate regression methodology to evaluate abnormal returns in stock market's reaction to the terrorist attacks on September 11, 2001, the Financial Crisis 2008, and to aircraft accidents and aircraft orders 1994–2009. In further regression analyses the relationship of fleet variables to a company's revenue growth and profitability is examined. Potential readerships include researchers and practitioners with interest in how decisions could be taken in favor of shareholders in an aircraft fleet planning context.


Book
Monetary policy operations and the financial system
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ISBN: 0191785555 019102645X 9780191026454 Year: 2014 Publisher: Oxford : Oxford University Press,

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An introduction to the way that central banks implement monetary policy through market operations. It explains monetary policy operations in normal times, reviews the basic mechanics of financial crises, and explains what central banks need to do to fulfil their monetary policy and financial stability mandates when markets and banks are impaired.


Book
The Routledge handbook of fintech
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ISBN: 1000375730 0429292902 9781000375732 9780429292903 9781000375701 1000375706 9780367263591 9780367760083 Year: 2021 Publisher: London ; New York : Routledge, Taylor & Francis Group,

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The Routledge Handbook of FinTech offers comprehensive coverage of the opportunities, challenges and future trends of financial technology.This handbook is a unique and in-depth reference work. It is organised in six thematic parts. The first part outlines the development, funding, and the future trends. The second focuses on blockchain technology applications and various aspects of cryptocurrencies. The next covers FinTech in banking. A significant element of FinTech, mobile payments and online lending, is included in the fourth part. The fifth continues with several chapters covering other financial services, while the last discusses ethics and regulatory issues. These six parts represent the most significant and overarching themes of FinTech innovations.This handbook will appeal to students, established researchers seeking a single repository on the subject, as well as policy makers and market professionals seeking convenient access to a one-stop guide.


Book
Financial asset pricing theory
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ISBN: 0191654140 1299397271 9780191654145 9780191751790 0191751790 9780199585496 0199585490 Year: 2013 Publisher: Oxford : Oxford University Press,

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Presenting models for the pricing of financial assets such as stocks, bonds and options, this book outlines models which are formulated and analyzed using concepts and techniques from mathematics and probability theory. It presents important classic models and some recent 'state-of-the-art' models that outperform the classics.

Keywords

Assets (Accounting) --- Capital assets pricing model. --- Prices --- Mathematical models. --- Capital asset pricing model --- CAPM (Capital assets pricing model) --- Pricing model, Capital assets --- Capital --- Finance --- Investments --- Asset requirements --- Mathematical models --- Capital assets pricing model --- Investing --- Investment management --- Portfolio --- Disinvestment --- Loans --- Saving and investment --- Speculation --- Funding --- Funds --- Economics --- Currency question --- E-books --- Finances --- Preus --- Models matemàtics --- Models (Matemàtica) --- Models experimentals --- Models teòrics --- Mètodes de simulació --- Anàlisi de sistemes --- Mètode de Montecarlo --- Modelització multiescala --- Models economètrics --- Models lineals (Estadística) --- Models multinivell (Estadística) --- Models no lineals (Estadística) --- Programació (Ordinadors) --- Simulació per ordinador --- Teoria de màquines --- Models biològics --- Comerç --- Consum (Economia) --- Cost --- Costos de producció --- Economia --- Deflació --- Política de preus --- Preu de transferència --- Preus predatoris --- Tarifes --- Cost de la vida --- Economia financera --- Operacions financeres --- Actius financers derivats --- Amortització --- Beneficis --- Bons --- Borsa de valors --- Capitalistes --- Crèdit --- Dones en les finances --- Enginyeria financera --- Entitats financeres --- Especulació --- Finances eclesiàstiques --- Finances internacionals --- Finances privades --- Finances públiques --- Gestió financera --- Gestió pressupostària --- Mercat financer --- Qüestió monetària


Book
Counting statistics for dependent random events : with a focus on finance
Authors: ---
ISBN: 303064250X 3030642496 Year: 2021 Publisher: Cham, Switzerland : Springer,

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Mathematical and statistical methods for actuarial sciences and finance
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ISBN: 3030996379 3030996387 Year: 2022 Publisher: Cham, Switzerland : Springer,

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Finance --- Insurance --- Statistical methods. --- Mathematical models. --- Matemàtica actuarial --- Finances --- Models matemàtics --- Estadística matemàtica --- Estadística descriptiva --- Inferència estadística --- Matemàtica estadística --- Mètodes estadístics --- Estadística --- Anàlisi d'error (Matemàtica) --- Anàlisi de regressió --- Anàlisi de sèries temporals --- Anàlisi de variància --- Anàlisi multivariable --- Anàlisi seqüencial --- Astronomia estadística --- Correlació (Estadística) --- Dependència (Estadística) --- Estadística no paramètrica --- Estadística robusta --- Física estadística --- Mètode dels moments (Estadística) --- Models lineals (Estadística) --- Models no lineals (Estadística) --- Teoria de l'estimació --- Teoria de la predicció --- Tests d'hipòtesi (Estadística) --- Biometria --- Mostreig (Estadística) --- Models (Matemàtica) --- Models experimentals --- Models teòrics --- Mètodes de simulació --- Anàlisi de sistemes --- Mètode de Montecarlo --- Modelització multiescala --- Models economètrics --- Models multinivell (Estadística) --- Programació (Ordinadors) --- Simulació per ordinador --- Teoria de màquines --- Models biològics --- Economia financera --- Operacions financeres --- Economia --- Actius financers derivats --- Amortització --- Beneficis --- Bons --- Borsa de valors --- Capital --- Capitalistes --- Crèdit --- Deflació --- Dones en les finances --- Enginyeria financera --- Entitats financeres --- Especulació --- Finances eclesiàstiques --- Finances internacionals --- Finances privades --- Finances públiques --- Gestió financera --- Gestió pressupostària --- Mercat financer --- Qüestió monetària --- Càlcul actuarial --- Ciència actuarial --- Matemàtica financera


Book
New Trends in Finance and Accounting : Proceedings of the 17th Annual Conference on Finance and Accounting
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ISBN: 3319495593 3319495585 Year: 2017 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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This book presents the most current trends in the field of finance and accounting from an international perspective. Featuring contributions presented at the 17th Annual Conference on Finance and Accounting at the University of Economics in Prague, this title provides a mix of research methods used to uncover the hidden consequences of accounting convergence in the private (IFRS) and public sectors (IPSAS). Topics covered include international taxation (from both the micro- and macroeconomic level), international investment, monetary economics, risk management, management accounting, auditing, investment capital, corporate finance and banking, among others. The global business environment shapes the international financial flows of finance and the demand for international harmonization of accounting. As such, the field of global finance and accounting has encountered some new challenges. For example, policy-makers and regulators are forced to restructure their tools to tackle with new features of trading at global capital markets and international investment. This book complements this global view of development with country-specific studies, focusing on emerging and transitioning economies, which are affected indirectly and in unforeseen ways. The combination of global perspective and local specifics makes this volume attractive and useful to academics, researchers, regulators and policy-makers in the field of finance and accounting.

Keywords

Business. --- Corporate governance. --- Business enterprises --- Accounting. --- Macroeconomics. --- Business and Management. --- Business Finance. --- Macroeconomics/Monetary Economics//Financial Economics. --- Corporate Governance. --- Financial Accounting. --- Finance. --- Financial statements --- Finance --- Governance, Corporate --- Balance sheets --- Corporate financial statements --- Earnings statements --- Financial reports --- Income statements --- Operating statements --- Profit and loss statements --- Statements, Financial --- Business organizations --- Businesses --- Companies --- Enterprises --- Firms --- Organizations, Business --- Industrial management --- Directors of corporations --- Accounting --- Bookkeeping --- Business records --- Corporation reports --- Business --- Business enterprises-Finance. --- Accountancy --- Commerce --- Commercial accounting --- Financial accounting --- Economics --- Business enterprises—Finance. --- Empreses --- Macroeconomia --- Govern corporatiu --- Comptabilitat --- Comptabilitat comercial --- Comptabilitat d'empreses --- Comptabilitat financera --- Aritmètica --- Ensenyament comercial --- Negocis --- Amortització --- Comptabilitat comparada --- Comptabilitat social --- Comptes corrents --- Estats financers --- Estocs --- Facturació --- Gestió comptable --- Liquidació --- Matemàtica financera --- Meritació (Comptabilitat) --- Normes comptables --- Reserves (Comptabilitat) --- Valoració --- Anàlisi de ratios --- Auditoria --- Ciències empresarials --- Informació comptable --- Tenidoria de llibres --- Govern de l'empresa --- Poders empresarials --- Direcció d'empreses --- Administradors de societats --- Anàlisi econòmica --- Demanda (Teoria econòmica) --- Economia --- Microeconomia --- Teoria econòmica --- Empresa --- Empreses comercials --- Empreses industrials --- Organitzacions empresarials --- Indústria --- Aliança d'empreses --- Conglomerats d'empreses --- Cooperació empresarial --- Creació d'empreses --- Dimensió de les empreses --- Empreses familiars --- Empreses virtuals --- Grans empreses --- Sucursals --- Corporate Finance. --- Macroeconomics and Monetary Economics. --- Business finance --- Business financial management --- Financial analysis of business enterprises --- Financial management, Business --- Financial management of business enterprises --- Financial planning of business enterprises --- Managerial finance


Book
Mathematical and Statistical Methods for Actuarial Sciences and Finance
Authors: --- --- --- ---
ISBN: 9783030996383 Year: 2022 Publisher: Cham Springer International Publishing :Imprint: Springer

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Keywords

Matemàtica actuarial --- Assegurances --- Finances --- Models matemàtics --- Estadística matemàtica --- Estadística descriptiva --- Inferència estadística --- Matemàtica estadística --- Mètodes estadístics --- Estadística --- Anàlisi d'error (Matemàtica) --- Anàlisi de regressió --- Anàlisi de sèries temporals --- Anàlisi de variància --- Anàlisi multivariable --- Anàlisi seqüencial --- Astronomia estadística --- Correlació (Estadística) --- Dependència (Estadística) --- Estadística no paramètrica --- Estadística robusta --- Física estadística --- Mètode dels moments (Estadística) --- Models lineals (Estadística) --- Models no lineals (Estadística) --- Teoria de l'estimació --- Teoria de la predicció --- Tests d'hipòtesi (Estadística) --- Biometria --- Mostreig (Estadística) --- Models (Matemàtica) --- Models experimentals --- Models teòrics --- Mètodes de simulació --- Anàlisi de sistemes --- Mètode de Montecarlo --- Modelització multiescala --- Models economètrics --- Models multinivell (Estadística) --- Programació (Ordinadors) --- Simulació per ordinador --- Teoria de màquines --- Models biològics --- Economia financera --- Operacions financeres --- Economia --- Actius financers derivats --- Amortització --- Beneficis --- Bons --- Borsa de valors --- Capital --- Capitalistes --- Crèdit --- Deflació --- Dones en les finances --- Enginyeria financera --- Entitats financeres --- Especulació --- Finances eclesiàstiques --- Finances internacionals --- Finances privades --- Finances públiques --- Gestió financera --- Gestió pressupostària --- Mercat financer --- Qüestió monetària --- Assegurances aèries --- Assegurances col·lectives --- Assegurances contra els riscs de guerra --- Assegurances d'accidents --- Assegurances d'automòbils --- Assegurances d'incendis --- Assegurances d'invalidesa --- Assegurances de crèdit --- Assegurances de l'empresa --- Assegurances de malaltia --- Assegurances de mercaderies --- Assegurances de responsabilitat civil --- Assegurances de viatgers --- Assegurances de vida --- Assegurances marítimes --- Companyies d'assegurances --- Gestió del risc --- Primes (Assegurances) --- Reassegurances --- Agents d'assegurances --- Risc (Assegurances) --- Càlcul actuarial --- Ciència actuarial --- Matemàtica financera --- Finance --- Insurance --- Statistical methods. --- Mathematical models.

The Statistical Mechanics of Financial Markets
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ISBN: 3540262857 3642065783 354026289X 9783540262855 Year: 2005 Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer,

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This highly praised introductory treatment describes the parallels between statistical physics and finance - both those established in the 100-year long interaction between these disciplines, as well as new research results on financial markets. The random-walk technique, well known in physics, is also the basic model in finance, upon which are built, for example, the Black-Scholes theory of option pricing and hedging, plus methods of portfolio optimization. Here the underlying assumptions are assessed critically. Using empirical financial data and analogies to physical models such as fluid flows, turbulence, or superdiffusion, the book develops a more accurate description of financial markets based on random walks. With this approach, novel methods for derivative pricing and risk management can be formulated. Computer simulations of interacting-agent models provide insight into the mechanisms underlying unconventional price dynamics. It is shown that stock exchange crashes can be modelled in ways analogous to phase transitions and earthquakes, and sometimes have even been predicted successfully. This third edition of The Statistical Mechanics of Financial Markets especially stands apart from other treatments because it offers new chapters containing a practitioner's treatment of two important current topics in banking: the basic notions and tools of risk management and capital requirements for financial institutions, including an overview of the new Basel II capital framework which may well set the risk management standards in scores of countries for years to come.

Keywords

Capital market --- Finance --- Financial engineering --- Statistical physics --- 305.91 --- AA / International- internationaal --- Physics --- Mathematical statistics --- Computational finance --- Engineering, Financial --- Capital markets --- Market, Capital --- Financial institutions --- Loans --- Money market --- Securities --- Crowding out (Economics) --- Efficient market theory --- Statistical methods --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles --- Financial engineering. --- Statistical physics. --- Statistical methods. --- Mathematics. --- Statistics. --- Economic theory. --- Game Theory, Economics, Social and Behav. Sciences. --- Complex Systems. --- Statistics for Business, Management, Economics, Finance, Insurance. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Statistical Physics and Dynamical Systems. --- Economic theory --- Political economy --- Social sciences --- Economic man --- Statistical analysis --- Statistical data --- Statistical science --- Mathematics --- Econometrics --- Math --- Science --- Game theory. --- Dynamical systems. --- Statistics . --- Dynamical systems --- Kinetics --- Mechanics, Analytic --- Force and energy --- Mechanics --- Statics --- Games, Theory of --- Theory of games --- Mathematical models --- Finances --- Mercat financer --- Estadística matemàtica --- Física estadística --- Processos estocàstics --- Física --- Integrals de camí --- Mecànica estadística --- Percolació (Física estadística) --- Sistemes oberts (Física) --- Teoria cinètica de la matèria --- Teoria cinètica dels líquids --- Transformacions de fase (Física estadística) --- Càlcul estocàstic --- Funcions aleatòries --- Processos aleatoris --- Probabilitats --- Anàlisi estocàstica --- Aproximació estocàstica --- Camps aleatoris --- Filtre de Kalman --- Fluctuacions (Física) --- Martingales (Matemàtica) --- Mètode de Montecarlo --- Processos de Markov --- Processos de ramificació --- Processos gaussians --- Processos puntuals --- Rutes aleatòries (Matemàtica) --- Semimartingales (Matemàtica) --- Sistemes estocàstics --- Teoremes de límit (Teoria de probabilitats) --- Teoria de cues --- Teoria de l'estimació --- Teoria de la predicció --- Estadística descriptiva --- Inferència estadística --- Matemàtica estadística --- Mètodes estadístics --- Estadística --- Anàlisi d'error (Matemàtica) --- Anàlisi de regressió --- Anàlisi de sèries temporals --- Anàlisi de variància --- Anàlisi multivariable --- Anàlisi seqüencial --- Astronomia estadística --- Correlació (Estadística) --- Dependència (Estadística) --- Estadística no paramètrica --- Estadística robusta --- Mètode dels moments (Estadística) --- Models lineals (Estadística) --- Models no lineals (Estadística) --- Tests d'hipòtesi (Estadística) --- Biometria --- Mostreig (Estadística) --- Mercat de capitals --- Mercat de capitals a llarg termini --- Mercats financers --- Capital --- Borsa de valors --- Agències d'avaluació de crèdit --- Mercat monetari --- Economia financera --- Operacions financeres --- Economia --- Actius financers derivats --- Amortització --- Beneficis --- Bons --- Capitalistes --- Crèdit --- Deflació --- Dones en les finances --- Enginyeria financera --- Entitats financeres --- Especulació --- Finances eclesiàstiques --- Finances internacionals --- Finances privades --- Finances públiques --- Gestió financera --- Gestió pressupostària --- Qüestió monetària


Book
Continuous Time Processes for Finance
Authors: ---
ISBN: 9783031063619 Year: 2022 Publisher: Cham Springer International Publishing :Imprint: Springer

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This book explores recent topics in quantitative finance with an emphasis on applications and calibration to time-series. This last aspect is often neglected in the existing mathematical finance literature while it is crucial for risk management. The first part of this book focuses on switching regime processes that allow to model economic cycles in financial markets. After a presentation of their mathematical features and applications to stocks and interest rates, the estimation with the Hamilton filter and Markov Chain Monte-Carlo algorithm (MCMC) is detailed. A second part focuses on self-excited processes for modeling the clustering of shocks in financial markets. These processes recently receive a lot of attention from researchers and we focus here on its econometric estimation and its simulation. A chapter is dedicated to estimation of stochastic volatility models. Two chapters are dedicated to the fractional Brownian motion and Gaussian fields. After a summary of their features, we present applications for stock and interest rate modeling. Two chapters focuses on sub-diffusions that allows to replicate illiquidity in financial markets. This book targets undergraduate students who have followed a first course of stochastic finance and practitioners as quantitative analyst or actuaries working in risk management.

Keywords

Finances --- Models matemàtics --- Estadística matemàtica --- Processos estocàstics --- Anàlisi de sèries temporals --- Models (Matemàtica) --- Models experimentals --- Models teòrics --- Mètodes de simulació --- Anàlisi de sistemes --- Mètode de Montecarlo --- Modelització multiescala --- Models economètrics --- Models lineals (Estadística) --- Models multinivell (Estadística) --- Models no lineals (Estadística) --- Programació (Ordinadors) --- Simulació per ordinador --- Teoria de màquines --- Models biològics --- Economia financera --- Operacions financeres --- Economia --- Actius financers derivats --- Amortització --- Beneficis --- Bons --- Borsa de valors --- Capital --- Capitalistes --- Crèdit --- Deflació --- Dones en les finances --- Enginyeria financera --- Entitats financeres --- Especulació --- Finances eclesiàstiques --- Finances internacionals --- Finances privades --- Finances públiques --- Gestió financera --- Gestió pressupostària --- Mercat financer --- Qüestió monetària --- Anàlisi cronològic (Estadística) --- Anàlisi de sèries de temps --- Anàlisi de sèries cronològiques --- Sèries cronològiques --- Sèries temporals --- Probabilitats --- Anàlisi harmònica --- Càlcul estocàstic --- Funcions aleatòries --- Processos aleatoris --- Anàlisi estocàstica --- Aproximació estocàstica --- Camps aleatoris --- Filtre de Kalman --- Fluctuacions (Física) --- Martingales (Matemàtica) --- Processos de Markov --- Processos de ramificació --- Processos gaussians --- Processos puntuals --- Rutes aleatòries (Matemàtica) --- Semimartingales (Matemàtica) --- Sistemes estocàstics --- Teoremes de límit (Teoria de probabilitats) --- Teoria de cues --- Teoria de l'estimació --- Teoria de la predicció --- Estadística descriptiva --- Inferència estadística --- Matemàtica estadística --- Mètodes estadístics --- Estadística --- Anàlisi d'error (Matemàtica) --- Anàlisi de regressió --- Anàlisi de variància --- Anàlisi multivariable --- Anàlisi seqüencial --- Astronomia estadística --- Correlació (Estadística) --- Dependència (Estadística) --- Estadística no paramètrica --- Estadística robusta --- Física estadística --- Mètode dels moments (Estadística) --- Tests d'hipòtesi (Estadística) --- Biometria --- Mostreig (Estadística) --- Finance --- Time-series analysis. --- Stochastic processes. --- Statistical methods. --- Random processes --- Probabilities --- Analysis of time series --- Autocorrelation (Statistics) --- Harmonic analysis --- Mathematical statistics --- Probabilities. --- Social sciences --- Econometrics. --- Actuarial science. --- Probability Theory. --- Mathematics in Business, Economics and Finance. --- Actuarial Mathematics. --- Quantitative Economics. --- Mathematics. --- Statistics --- Insurance --- Economics, Mathematical --- Probability --- Statistical inference --- Combinations --- Mathematics --- Chance --- Least squares --- Risk

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