Applied Asset and Risk Management

Applied Asset and Risk Management

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This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory they should not? - How do investors deal with such crises in terms of their risk measurement and management and as a consequence, what are the implications for the chosen investment strategies? The book presents and discusses two different approaches to finance and investing, i.e., modern portfolio theory and behavioral finance, and provides an overview of stock market anomalies and historical crashes. It is intended to serve as a comprehensive introduction to asset and risk management for bachelora€™s and mastera€™s students in this field as well as for young professionals in the asset management industry. A key part of this book is the exercises to further demonstrate the concepts presented with examples and a step-by-step business case. An Excel file with the calculations and solutions for all 17 examples as well as all business case calculations can be downloaded at Guide to Modern Portfolio Management and Behavior-Driven Markets Marcus Schulmerich, Yves-Michel Leporcher, Ching-Hwa Eu ... Holiday. Effect. The turn- of-the-month effect and the holiday effect are two typical seasonal anomalies. They are explained here together because they share similar properties. 3.4.1 Description The turn-of-the-month effect is a typical seasonal stock market anomaly.

Title:Applied Asset and Risk Management
Author:Marcus Schulmerich, Yves-Michel Leporcher, Ching-Hwa Eu
Publisher:Springer - 2014-10-20


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