The Essential Financial Toolkit: Everything You Always Wanted to Know About Finance but Were Afraid to Ask
Math and jargon make essential financial concepts seem intimidating, but that is simply because most books do not have the goal of being accessible to interested readers – this book does. In ten easy-to-read chapters, it explains all the essential financial tools and concepts, fully illustrated with real-world examples and Excel implementations.
Editor’s Note: see a review at Content: Book | Author: Javier Estrada | Subject: Finance
The Fed Model: Flawed!
The widely used Fed model leads too many analysts, portfolio managers and financial commentators down the wrong road. It often leads investors to believe that by comparing two numbers – earnings yields and bond yields – they can easily determine whether the stock market is mispriced. Even worse, some investors believe that such a simple comparison is the shortcut to abnormal returns.
In the paper “The … [ Read more ]
Content: Article | Author: Javier Estrada | Source: IESE Insight | Subjects: Economics, Finance
Risk and Return in Emerging Markets: Family Matters
In order to evaluate projects, value firms, optimize capital structures and implement investment strategies, companies and investors need to know the risk variables that ultimately determine expected returns. While in developed markets there is at least a “model to beat,” the CAPM, in emerging markets there is no standard, widely accepted way of estimating required returns on equity. In this article, the authors perform a … [ Read more ]
Content: Article | Authors: Ana Paula Serra, Javier Estrada | Source: IESE Insight | Subjects: Finance, International