Finance 2: Asset Allocation and Market Efficiency
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Finance 2: Asset Allocation and Market Efficiency

Michael Frömmel

Band 2: Textbooks in Finance

Wirtschaft & Management

ePDF

9,9 MB

DRM: Wasserzeichen

ISBN-13: 9783695779185

Verlag: BoD - Books on Demand

Erscheinungsdatum: 30.03.2026

Sprache: Englisch

Schlagworte: Investments, Financial Markets, Market Efficiency, Behavioural Finance, Asset Allocation

Barrierefreiheit: Eingeschränkt zugänglich

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Mehr Infos
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.
Michael Frömmel

Michael Frömmel

Michael Frömmel is a Full Professor of Finance at Ghent University, where he has been teaching and conducting research since 2007. His work focuses on empirical financial market analysis, including international financial markets, foreign exchange, market microstructure, and institutional asset management. He earned his doctoral degree in Economics from Leibniz University Hannover (summa cum laude) and has published a large number of articles in international peer reviewed journals, several books, and numerous book chapters.

He has held visiting research and teaching positions at universities and research institutes worldwide, including the London School of Economics, the Austrian National Bank, the Hungarian National Bank, the Bulgarian National Bank, the Higher School of Economics in Saint Petersburg, and Shanghai Dian Ji University. His international research visits also include collaborations with central banks and economic research institutes in Europe, working on projects related to exchange rate modelling, credit market dynamics, volatility, and financial market microstructure.

In addition to his academic output, Froemmel has collaborated with the financial industry in projects on trading behaviour, market efficiency, and asset pricing. He has coordinated major international research projects funded by national and international research foundations, and he has supervised many PhD students. He regularly presents his work at leading international finance conferences.

Website: https://users.ugent.be/~mfrommel/CV Froemmel.pdf

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