The Lunacy Of Modern Finance Theory And Regulation PDF Download
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| Author | : Les Coleman |
| Publisher | : Routledge |
| Total Pages | : 199 |
| Release | : 2014-08-01 |
| Genre | : Business & Economics |
| ISBN | : 1317662016 |
Download The Lunacy of Modern Finance Theory and Regulation Book in PDF, ePub and Kindle
This provocative book provides insight into a finance industry that is run for the benefit of banks and service providers who rely on Beatles-era theories and regulation which are totally unsuited to the modern world. The author has a near-unique perspective based on over 30 years of working – literally around the globe – for corporates, fund managers and as finance academic. In his last role his research has focused on investment decisions, and during 2012 he interviewed 34 fund managers in Istanbul, London, New York and Melbourne. He blends rich understanding of finance theory and practice to unravel the investment industry’s structure and show how banks and other finance institutions privilege themselves at investors’ expense. The book highlights that finance industry self-regulation is weak. Risks from inexpertise, theft, bad data and other sources are high. Regulation of the industry appears to be ineffectual with the setting of such a high bar that it is virtually impossible to successfully prosecute even the most blatant and egregious offenders. The book closes with the simple suggestion that corporations’ regulations be altered to introduce the strict liability offence of being a director or officer of a large bank that becomes bankrupt. This follows the strategy of legislation that has been effective in cleaning up the environment, making workplaces safer and reducing crime by punishing those responsible for an offence.
| Author | : Les Coleman |
| Publisher | : Springer |
| Total Pages | : 260 |
| Release | : 2017-02-14 |
| Genre | : Business & Economics |
| ISBN | : 3319439766 |
Download Applied Investment Theory Book in PDF, ePub and Kindle
Institutions now dominate trading in equities around the world. Mutual funds are the most prominent, and doubly important as custodians of retirement savings. Despite this, there is no comprehensive description of fund manager behaviour, much less a matching theory. This is troubling because one of the most economically significant puzzles in finance is why experienced, well-resourced fund managers cannot outperform the market. Applied Investment Theory: How Equity Markets Behave, and Why brings together academic research, empirical evidence and real market experience to provide new insights into equity markets and their behaviours. The book draws upon the author’s rich industry experience and academic research, plus over 40 interviews with fund managers on three continents and across different markets. The result is an innovative model that explains the puzzle of poor performance by mutual funds in terms of structural features of markets, the managed investment industry, and the conduct of fund managers. This book provides a fully integrated depiction of what markets and investors do, and why – insights that will resonate with the needs of investors, wealth managers and industry regulators. It is fully documented, but free of jargon and arcane math, and provides a grounded theory that is relevant to anyone who wants to pierce the opacity of mutual fund operations. Applied Investment Theory sets out a new paradigm in investment that is at the forefront of what should be an industrial-scale development of new finance theory following two decades of almost back-to-back financial crises.
| Author | : Daniel Woodley |
| Publisher | : Routledge |
| Total Pages | : 272 |
| Release | : 2019-10-29 |
| Genre | : Political Science |
| ISBN | : 1000691985 |
Download Finance, Accumulation and Monetary Power Book in PDF, ePub and Kindle
This accessible yet rigorous book examines the development of ‘financial socialism’ in advanced capitalist economies in the decade since the global financial crisis of 2007–2009. This new term refers to an attempt to resolve the accumulation crisis of capital through coordinated central bank activism, where state circuits of monetary capital assume a critical role in the reproduction of capitalist social relations. The book explains the dynamics of the crisis as it has developed and assesses the response of monetary elites to systemic financial risk in the global economy. Their failure to re-engineer growth following the technology boom of the late 1990s and the global financial crisis are driving fundamental changes in the form and function of capitalist money, which have yet to be theorized adequately. Finance, Accumulation and Monetary Power presents a revealing and radical critique of the failure of the International Political Economy to apprehend changes taking place within capitalism, employing a critical-theoretical analysis of contradictions in the capitalist reproduction scheme. The book will be of key interest to scholars, students and readers of international political economy, critical political economy, heterodox economics, globalization, international relations, international political sociology, business studies and finance.
| Author | : Les Coleman |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 280 |
| Release | : 2019-03-14 |
| Genre | : Business & Economics |
| ISBN | : 1789730635 |
Download New Principles of Equity Investment Book in PDF, ePub and Kindle
The book aligns the best of established theory, empirical evidence and industry practice to operationalise equity investment and match it to practices in the real world. It does not merely repackage the contemporary investment paradigm, but develops a new perspective that follows a rigorous research philosophy and is based on field evidence.
| Author | : Les Coleman |
| Publisher | : Taylor & Francis |
| Total Pages | : 175 |
| Release | : 2020-08-31 |
| Genre | : Business & Economics |
| ISBN | : 1000172120 |
Download Research in Crisis Book in PDF, ePub and Kindle
This book explores the weak explanatory and predictive power of theories across disciplines, explains reasons for limited expertise after centuries of scientific effort, and sets forth strategies to accelerate knowledge and manage a future we can only dimly comprehend. Gaps in knowledge arose because common, natural and artificial phenomena are fundamentally hard to understand, and in expertise persists because research is unproductive. This book argues that weak research comes with huge opportunity cost because it stymies optimum decision making by government, corporations and individuals. Research needs restructuring which must come from governments’ top down requirement that funding bodies foster applied research with real-world impact, and that universities influence scientific publishers to improve their publications’ integrity. This book seeks to catalyse extinction events for theories in most disciplines, which would clear a path for solving multiple crises in research. The author cautions that this process would be disruptive, unpopular and painful.
| Author | : Don Chandima Padmaperuma |
| Publisher | : Taylor & Francis |
| Total Pages | : 233 |
| Release | : 2023-03-16 |
| Genre | : Business & Economics |
| ISBN | : 1000851958 |
Download Banking and Microfinance Institution Partnerships Book in PDF, ePub and Kindle
This book examines partnerships between commercial banks and microfinance institutions (MFIs). It demonstrates that when set up properly, these partnerships have the potential to develop and enhance the financial inclusion agenda, and further support sustainable development. MFIs provide access to finance predominantly for those who are poor but economically active, and therefore their expansion is imperative for inclusive economic development. However, MFIs are faced with enormous challenges. The book discusses how partnering with a commercial bank can meet these challenges and the process of interaction contributing to the enhancement of institutional robustness of MFIs. Through two distinct case studies, in Cambodia and Australia, the book discusses the motivations, objectives, and operational dynamics of a partnership, as well as the challenges, success factors, and potential benefits, from the increase in outreach and sustainability, to the transference of knowledge and potential for capacity building. Similarly, the partnering banks benefit in line with the intended objectives – commercial or social besides help embedding social consciousness and improving staff engagement. Concluding with elucidating the characteristics of a partnership model that can succeed across different global contexts, the book will interest a range of researchers and students across development economics, banking, finance, and sustainable development.
| Author | : Kevin Dowd |
| Publisher | : John Wiley & Sons |
| Total Pages | : 433 |
| Release | : 2010-04-27 |
| Genre | : Business & Economics |
| ISBN | : 047068996X |
Download Alchemists of Loss Book in PDF, ePub and Kindle
An engaging look at how modern finance almost destroyed our global economy Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy. In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them, and the changes they made in business models and risk management on Wall Street and other major financial centers. Breaks down the events involved in the 2007-08 financial collapse Reveals how botched policy response made a bad situation worse Focuses on lessons that the practice of finance must learn from recent events The Alchemists of Loss will help you to understand how our financial system crashed and show you what it will take to make sure this won't happen again as we move forward.
| Author | : Pollman, Elizabeth |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 432 |
| Release | : 2021-09-28 |
| Genre | : Law |
| ISBN | : 1789902916 |
Download Research Handbook on Corporate Purpose and Personhood Book in PDF, ePub and Kindle
This insightful Research Handbook contributes to the theoretical and practical understanding of corporate purpose and personhood, which has become the central debate of corporate law. It provides cutting-edge thoughts on the role of corporations in society and the nature of their rights and responsibilities.
| Author | : Yuk-Shee Chan |
| Publisher | : |
| Total Pages | : 142 |
| Release | : 1976 |
| Genre | : |
| ISBN | : |
Download The Development of Modern Finance Theories and Their Implications Book in PDF, ePub and Kindle
| Author | : Colin P. Mayer |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 286 |
| Release | : 2018 |
| Genre | : BUSINESS & ECONOMICS |
| ISBN | : 0198824009 |
Download Prosperity Book in PDF, ePub and Kindle
What is business for? On day one of a business course, students learn that the purpose of business is maximizing shareholder profit. This single idea pervades thinking and teaching about business around the world - but it is fundamentally wrong, according to the author of this book. This idea has had disastrous and damaging consequences for economies, the environment, politics, and societies. In this book, the author challenges the fundamentals of business thinking by proposing a new agenda for establishing the corporation as a force for promoting economic and social wellbeing in its fullest sense - for customers and communities. The author presents a prescription for improving corporations, their ownership, governance, finance, and regulation. Drawing insights from business, law, economics, science, philosophy, and history, the author demonstrates how the corporation can realize its full potential to contribute to the economic and social wellbeing of the many, not just the few.
