An Introduction to Risk and Return from Common Stocks - Couverture rigide

Brealey, Richard A.

 
9780262020473: An Introduction to Risk and Return from Common Stocks
Couverture rigide
ISBN 10 : 0262020475 ISBN 13 : 9780262020473
Editeur : The MIT Press, 1969

Synopsis

This book draws upon a wide range of American and British research material to present a concise analysis of the fundamental character of stock price changes. The viewpoint is that of the statistician, but the book assumes no statistical knowledge on the part of its readers and should appeal especially to the professional investor and finance student. Care is taken at each stage to consider the implications of the findings for methods of investment management.

The book takes the form of three self-contained sections. It opens with a description of the random walk hypothesis of stock price movement and an analysis of the evidence and its implications. The author proceeds to discuss the nature of risk and its relationship to expected return. The section concludes with an examination of the co-movement between stocks.

The second part demonstrates the link between the price behavior of a stock and changes in investor expectations for the company's earnings. This leads to an analysis of the behavior of company earnings.

The final section is concerned with the implications of previous findings for portfolio construction. It discusses the way in which an investor's actions should be influenced by his willingness to accept risk and the effect on risk of diversification.

The assumptions behind the measure of risk adopted throughout the book are treated in a special appendix.

The evidence on any topic is clearly illustrated by graphs and tables in the text.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l?auteur

Richard Brealey is Emeritus Professor of Finance at London Business School.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
The MIT Press
Date d'édition
1969
Langue
anglais
ISBN 10 
0262020475
ISBN 13 
9780262020473
Reliure
Relié
Nombre de pages
152
Coordonnées du fabricant
non disponible
Personne responsable
non disponible

Autres éditions populaires du même titre

9780262521161: An Introduction to Risk and Return from Common Stocks

Edition présentée

ISBN 10 :  0262521164 ISBN 13 :  9780262521161
Editeur : MIT Press, 1986
Couverture souple