Finance 2: Asset Allocation and Market Efficiency

4. Auflage 2025
ISBN: 978-3-7693-5655-7
Verlag: BoD - Books on Demand

Buch, Englisch, Band 2, 380 Seiten, Paperback, Format (B × H): 170 mm x 220 mm, Gewicht: 661 g

Reihe: Textbooks in Finance

This books builds on 'Finance 1: Portfolio Theory and Management'. Both volumes are linked through the asset allocation process. While Finance 1 focuses on portfolio theory and strategic asset allocation, Finance 2 deals with tactical asset allocation and market efficiency.
We start by reviewing the asset allocation process, market timing and the approach by Black and Litterman. Section 2 deals with the predictability of prices, including technical analysis and momentum. Turning to factors that may cause the predictability - if there is any - we discuss models from behavioural finance. The subsequent section deals with bubbles and herd behaviour, before we cover market microstructure and its implications. The book's last section deals with price manipulation as a cause for inefficiencies.

Autoren/Hrsg.

Frömmel, Michael

Über Autor(innen)

Frömmel, Michael
Michael Frömmel is a Professor of Finance at Ghent University, Belgium, where he is the program director of the Master of Banking and Finance. He worked as a visiting researcher at several central banks and taught at universities in various countries in Europe and Asia. He is (co)author of several books and articles in, inter alia, the Journal of Finance, Journal of Financial Markets, the Journal of International Money and Finance, the International Review of Financial Analysis, and the Financial Analysts Journal.

Michael Frömmel:
Michael Frömmel is a Professor of Finance at Ghent University, Belgium, where he is the program director of the Master of Banking and Finance. He worked as a visiting researcher at several central banks and taught at universities in various countries in Europe and Asia. He is (co)author of several books and articles in, inter alia, the Journal of Finance, Journal of Financial Markets, the Journal of International Money and Finance, the International Review of Financial Analysis, and the Financial Analysts Journal.