INVESTMENT, VOL 2 SECRITIES PRICING AND PERFORMANCE ELTON Księgarnia

INVESTMENTS

Securities Prices and Performance

Investments, a two-volume collection of articles in investment and portfolio management, spans the thirty-five-year collaborative effort of two key figures in finance. Each of the nine sections begins with an overview that introduces the main contributions of the pieces and traces the development of the field. Each volume contains a foreword by Nobel laureate Harry Markowitz.

This volume covers the authors' work on analysts' expectations; performance evaluation of managed portfolios, including commodity, stock, and bond portfolios; survivorship bias and performance persistence; debt markets;and immunization and efficiency.

Edwin j. Eiton and Martin j. Gruber are both Nomura Professors of Finance at the Leonard N. Stern School of Business, New York University, and former Presidents of theAmerican Finance Association.

Contents

Foreword by Harry Markowitz xi Preface xxi Sources xxiii

I Expectations and Performance I

1 Improved Forecasting through the Design of Homogeneous Groups

2 Professional Expectations: Accuracy and Diagnosis of Errors with Mustafa Gultekin

3 Expectations and Share Prices with Mustafa Gultekin

4 Expectational Data and Japanese Stock Prices

5 Discrete Expectational Data and Portfolio Performance with Seth Grossman

II The Performance of Managed Portfolios

Theoretical

6 Differential Information and Timing Ability

Empirical Commodities Partnerships

7 Professionally Managed, Publicly Traded Commodity Funds with Joel C. Rentzler Journal of Business

8 New Public Offerings, Information, and Investor Rationality: The Case of Publidy Offered Commodity Funds with Joel Rentzler

9 The Performance of Publicly Offered Commodity Funds with Joel Rentzler

Mutual funds-Stock Investments

10 Efficiency with Costly Information: A Reinterpretation of Evidence from Managed Portfolios with Sanjiv Das and Matthew Hiavka

11 Survivorship Bias and Mutual Fund Performance with Christopher R. Blake

12 The Persistence of Risk-Adjusted Mutual Fund Performance with Christopher R. Blake

Mutual funds-Bond Investments

13 The Performance of Bond Mutual Funds with Christopher R. Blake

14 Fundamental Economic Variables, Expected Returns, and Bond Fund Performance with Christopher R. Blake

Debt Markets

15 Intra-Day Tests of the Efficiency of the Treasury Bill FuturesMarket Joel Rentzler

16 Employing Financial Futures to Increase the Return on Near CashTreasury Bill) Investments C. Rentzler

17 Bond Returns, Immunization and the Return Generating Process Prafulla G.. Nabar

18The Structure of Spot Rates and Immunization with Roni Michaely

425 pages

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czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.