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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 costs of substance abuse in the workplace are staggering. Workplace substance abuse adversely affects shareholder, the workforce, customers, and society. The employee assistance program (EAP) has demonstrated its effectiveness in combating the many types of personal problems that impair work performance. EAPs come in many forms, but each costs money. Smits and Pace provide a practical guide to help corporate decision makers construct and fund an EAP tailored to their needs. To help insure a reasonable return on the corporation's EAP investment, the authors suggest linking it strategically to other human resource programs and operating it in a businesslike manner with performance objectives, measurement systems, and accountability for agreed-upon outcomes. The investment model organizes the book into three parts and concludes with an integrative case designed to help the reader apply the concepts presented in the first ten chapters. Part I, Making the Investment, focuses on needs, options, and investment levels. It encourages the reader to think about the EAP as part of a portfolio of human resource programs linked strategically to the organization's business strategy. Part II, Managing the Investment, examines the nuts and bolts of the implementation and operation of the EAP. Part III, Monitoring the Investment, advocates an EAP management information system to help improve EAP efficiency and tttttttveness, to assess the return on investment, and to help guide corporate decision makers when reinvesting in their EAP.
While there are a number of outstanding texts on valuation of interest rate derivatives, there are hardly any that provide a comprehensive treatment of the relevant accounting principles. Venkata Subramani’s well-structured book does a great job in filling this void. For each instrument, the author first provides a clear description of the product and its associated cashflows. He then proceeds to discuss the finer aspects of accounting using detailed examples which will
Prof. R. L. Shankar
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