Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It’s time for MPT to evolve.The authors propose a new imperative to improve f...

Each year we pay billions in fees to those who run our financial system. The money comes from our bank accounts, our pensions, our borrowing, and often we aren’t told that the money has been taken. These billions may be justified if the finance industry does a good job, but as this book shows, it too often fails us. Financial institutions regularly place their business interests first, charging for advice that does nothing to improve performance, employing short-term buying strategies that...

SELECTED AS A 2008 BEST BUSINESS BOOK OF THE YEAR BY THE ECONOMIST"ONE OF THE SMARTEST INVESTORS ON THE PLANET."--MONEY MAGAZINE“This book is an essential read for those whowish to understand the modern world of investing.”—Alan GreenspanWinner of the 2008 Financial Times and Goldman Sachs Business Book of the Year AwardWhen Markets Collide is a timely alert...

The world is changing and has never been more challenging to private equity players, public companies, and investors. With record market volatility and a global economic crisis, decision makers of all types can learn from successful private equity players and other top value builders.Private equity is growing at a rapid rate, with $2.7 trillion in transactions since 2001 and buyouts occurring in every type of market, including declining ones. And now, with the end of investment ban...

Pleasing Wall Street used to be easy for executives. Not anymore. The stock market is an uncertain place, and every day executives have to figure out what investors really want. There are right ways and wrong ways to do this. Get it wrong, and you risk alienating investors as well as employees, consumers, and suppliers-which can erode your earnings and stock price.In Winning Investors Over, Baruch Lev draws on his own and other finance scholars’ research to present authori...

Offering a fresh look at the commonly accepted view of what constitutes good governance, Donald Nordberg explores the contexts of board decisions and draws upon his academic research and years of business and financial journalism in Europe, North America and Asia to provide a distinctive and pertinent contribution to the literature on corporate governance. The book:- Features 21 detailed case studies, drawn from international examples, to prompt discussion and analysis- Pro...

Today more and more people want their investments to reflect their social, environmental and/or humanitarian values.This ground-breaking book explains how you can put your money where your heart is and still make healthy profits.The Ethical Investor covers all aspects of this complex topic. It includes: performance comparisons for ethical and mainstream managed funds approaches to screening investments discussion of the chief ethical issues, from animal rights to weapons manufacture a ques...

The collection of lectures and publications from the Schumacher Center for a New Economics represents some of the foremost voices on a new economics.Michael Shuman asks his audience how many have pension funds, and a fair number of hands go up, then enquires of those who have them, "How many are primarily invested in local business?” Almost no one raises a hand. Why is it that even “the most local-economy-minded people” do not own stock in local companies? It’s not because loc...

The legendary founder of Vanguard "presents an insider's view of what's wrong with corporate America and what can be done to improve it" (Burton G. Malkiel, author of A Random Walk Down Wall Street).New York Times-bestselling author of Enough and The Little Book of Common Sense Investing John Bogle has seen firsthand the innermost workings—and grotesque abuses—of the financial industry, and is renowned as an advocate for the small...

The Theory of the Firm presents a path-breaking general framework for understanding the economics of the firm. The book addresses why firms exist, how firms are established, and what contributions firms make to the economy. The book presents a new theoretical analysis of the foundations of microeconomics that makes institutions endogenous. Entrepreneurs play a central economic role by establishing firms. In turn, firms create and operate markets and organizations. The book provides innovat...

Infrastructure and its effects on economic growth, social welfare, and sustainability receive a great deal of attention today. There is widespread agreement that infrastructure is a key dimension of global development and that its impact reaches deep into the broader economy with important and multifaceted implications for social progress.At the same time, infrastructure finance is among the most complex and challenging areas in the global financial architecture. Ingo Walter, Profes...

Having the right investment beliefs and putting them into practice is key to delivering the right results. Decision makers in the investment industry should worry less about the stocks and products they pick for their clients and more about getting the big picture right; developing investment beliefs are instrumental in making the right choices.