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Investments: Concepts & Applications is a contemporary exploration of the complexities of modern financial markets integrated with a contextual history of theory. The text maintains a strong emphasis on the techniques and applications of investment management set within a regional context. This fifth edition continues to link theory and research with the real-world financial markets, including an in-depth analysis of the Global Financial Crisis and expanded coverage on alternative investments.
List of contents
Part 1: The investment framework
1. The investment decision
2. Australian financial markets
3. The international investment environment
4. Financial management: derivative instruments and information sources
Part 2: Principles of passive management and asset pricing
5. Money market securities
6. Bonds
7. Investor preferences and portfolio concepts
8. Risky asset pricing models and the CAPM
9. Alternative risky asset pricing models
10. Market efficiency
Part 3: Practices of active equity management
11. Equity valuation models
12. Macro- and industry analysis of share markets
13. Qualitative stock selection
14. Quantitative company analysis
Part 4: Derivatives and risk management
15. Futures and forward contracts
16. Option contracts
17. Advanced issues in options
Part 5: Management of multi-asset portfolios
18. Alternative investment classes
19. Portfolio management
20. Performance evaluation of managed funds
About the author
Professor Brailsford is the Vice Chancellor and President of Bond University. Previous positions include Executive Dean at the University of Queensland, Dean at the Australian National University in Canberra, and other senior academic positions at the University of Melbourne and Monash University. He holds a PhD, Master and Honours degrees and is a Fellow of the Financial Services Institute of Australasia, Fellow of the Australian Institute of Management and Fellow of CPA Australia.
Professor Brailsford’s area of expertise is finance and investments. He was appointed as the inaugural Frank Finn Professor of Finance at the University of Queensland. As well as his Investments text with Cengage, he has published a number of books and research monographs and over 60 research papers.Richard teaches Honours students in an Advanced Investments class and graduate students in an Executive MBA managerial finance course. Previous positions include Professor at the Royal Melbourne Institute of Technology (RMIT), Head of the Commerce Department at the ANU, and teaching positions at the University of Queensland and the University of Newcastle. Prior to becoming an academic he worked as a programmer and as an accountant, and is a member of the Australian Computer Society (MACS), a Fellow of CPA Australia (FCPA) and a Certified Finance and Treasury Professional (CFTP).Richard's research interests include derivative pricing and derivative use, asset pricing and portfolio theory. He has published in a number of internationally recognised journals, with over twenty refereed publications in the last eight years.Chris Bilson is senior lecturer at the Australian National University (ANU). He holds a PhD in Finance and has lectured at the ANU for three years and at present is Convenor of the Honours Program in Finance.
Chris was the lead author for the Brailsford 4e and will continue to be for 5e. Chris' expertise lies in international finance, investments and capital markets. Apart from Brailsford, he has published in a number of journals, including the Pacific-Basin Finance Journal and the International Review of Financial Analysis. In addition, Chris has presented at a number of international and domestic conferences, including the Asia-Pacific Finance Association conference, the Australian Banking and Finance Association conference and the European Financial Management Association conference.
Summary
Investments: Concepts & Applications is a contemporary exploration of the complexities of modern financial markets integrated with a contextual history of theory. The text maintains a strong emphasis on the techniques and applications of investment management set within a regional context.
This fifth edition continues to link theory and research with the real-world financial markets, including an in-depth analysis of the Global Financial Crisis and expanded coverage on alternative investments.
