Book Description
"Brigham/Houston: A Classic, redefined...because a classic never goes out of style." The market leader, Brigham/Houston, continues to grow in reputation and amount of users as the most effective approach for teaching the first undergraduate corporate finance course. The seamless, integrated ancillary package, still painstakingly prepared by the authors, is a hallmark of the Brigham/Houston package which reduces course preparation time for instructors and makes the subject more accessible for learners. New for this edition is the addition of iLrn Finance, an online student assessment and tutorial resource to help improve student performance. Additionally, access to Thomson ONE - Business School Edition, an online financial database that students can use to complete projects or select end of chapter exercises, is included with each new text.
Customer Reviews:
Funadmentals of Financial Management.......2007-09-25
I'm using this book as a part of my master of science and it is pretty good, easy to understand even for non financial people, I hihgly recomend this book
Again not enough info.......2007-03-29
It goes into the questions but does not go into how to solve the problem well enough. Like every other financial book. Just once I wish the authors would realize they cannot skip steps on solving the problems! Instead of giving a COMPLETE answer. How hard is it????
This book deserves 0 star.......2007-02-04
This book is required for my finance class. However, this book doesn't explain the concepts well. For example what the book covered on the chapters have nothing to do with what were asked on the exercises. Students are often left in the dark trying to find themselves to come up with the formula (luckily we have the internet). If you buy this book make sure you have the TI BA II plus calculator. The book ONLY explains how to do most of the problems on THAT particular calculator instead of giving us the formula to use on any other calculator or using spreadsheet. Although there are some chapters that mentioned they will give instructions on how to solve the problems using MS excel but so far only chapter 1 gave us some basic information and rest of the chapters don't show anything (even though they mentioned it). So the words on the book and what you are actually getting don't match. Unless you have a very good instructor who's willing to work without getting help from the book, you are pretty screwed.
This book needs some serious editing (as I said the words and the contents don't match).
Target Market is for undergraduates.......2006-12-30
If interested in an MBA text, you might examine Brigham's Intermediate Financial Management. This Fundamentals text is outstanding for the undergraduate, intro course. JWB
Too basic for an MBA class.......2006-11-21
I got this book as the accompanying textbook to a Financial Management Class. Our class had to study most of the material on its own. As it usually is, the majority of the work is done at home hitting textbooks and figuring out how formulas are derived, which variables go where, and how fundamnetal coefficients (beta, alpha) are calculated.
Well this book is not well suited to acquire a solid foundation in finance without consulting better books or the internet. The result is: one needs much more time than actually necessary to learn the material.
Furthermore there are some statements; for instance "...multinational corporations (MNCs) issue stock in foreign countries..."; well I knew that, too, prior to this class. But why doesn't this book a little bit better explain why MNCs actually do this? There are several of such unexplained statements in the book. I am very disappointed.
Even though this book is really just about the fundamentals, it should have much better caught those fundamentals. I think I have to go to the Stanford, Harvard, or MIT MBA syllabi to find a good financial management book which goes a bit more in depth.
This book is priced by weight not by content! Definitely not worth the ~$160.
Book Description
"Brigham/Houston: A Classic, redefined...because a classic never goes out of style." The market leader, Brigham/Houston, continues to grow in reputation and amount of users as the most effective approach for teaching the first undergraduate corporate finance course. This Concise version of the extremely successful, Brigham/Houston-Fundamentals of Financial Management, contains the same level of topical rigor while also reflecting the latest in theory, research, real-world examples, and use of technology as Fundamentals. The seamless, integrated ancillary package, still painstakingly prepared by the authors, is a hallmark of the Brigham/Houston package which reduces course preparation time for instructors and makes the subject more accessible for learners. New for this edition is the addition of iLrn Finance, an online student assessment and tutorial resource to help improve student performance. Additionally, access to Thomson ONE - Business School Edition, an online financial database that students can use to complete projects or select end of chapter exercises, is included with each new text.
Customer Reviews:
Excellent textbook for gaining an understanding of Finance.......2007-03-10
This text book is an excellent resource for understanding Financial Management. It was a required text in my MBA program and the book is easy to go through on your own. There are exercises, or self tests, at the end of each section in the chapters, as well as many types of problems and self test questions at the end of the chapters.
We had a mediocre teacher in my MBA program, so going through the text was imperative. The authors do a great job breaking down concepts and some of the examples at end of chapter sections have the answers.
I comes with a supplemental booklet to further help undertand the "Time Value of Money" which, according to the authors, is a difficult concept.
One big plus for this text is that it shows you how to figure out the problems using formulas, using financial caluclators, and using an Excel spreadsheet.
I highly recommend doing the examples and problems in the book, and ordering the study guide. The study guide has additional examples and problems to work through and is the perfect supplement.
This is one text I am going to keep!
Great Service.......2006-12-21
The book is in an excellent condition, the package was terrific, well wrapped against rain or snow. Ryan did a great job packing and shipping the item. I received it on the 2nd business day after placing the order. I am very happy with the service.
fundamentals of financial management.......2006-11-06
It was in great condition but it just took too long for what I pay for the shipping but overall the item was just right brand new great.Needs to improve their shipping only two thumbs up!!
great book.......2006-09-26
bought the book for a bit cheaper than the price cover but got exactly what i paid for on time.
pc6.......1999-02-25
capital structur
Book Description
The best-selling Fundamentals of Corporate Finance (FCF) is written with one strongly held principle– that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, there are three basic themes that are the central focus of the book: 1) An emphasis on intuition—underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. 2) A unified valuation approach—net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects. 3) A managerial focus—the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment. The Seventh Edition continues the tradition of excellence that has earned Fundamentals of Corporate Finance its status as market leader. Every chapter has been updated to provide the most current examples that reflect corporate finance in today’s world. The supplements package has also been updated and improved. From a new computerized test bank that is easier than ever to use, to new narrated PowerPoint for students, to new interactive learning modules, student and instructor support has never been stronger. There is also an optional, exciting new web-based program called “Homework Manager” that will help your students learn corporate finance by duplicating problems from each chapter in the textbook and by providing automatic grading and feedback to both students and instructors.
Customer Reviews:
finance.......2007-07-17
i only looked at the book once because the professor didnt require us to use the book for studying purposes. im sure it's a useful book, i just didnt get to use it.
Worthless.......2006-11-01
This text book has been by far the worst text book for any class I have taken in my 4 years of college. The text is laid out in such a fashion that learning in nearly impossible. Normally I would enjoy a class like this, because I enjoy solving problems that are used in real life situations. I have not found this book to help me learn The Fundamentals of Corporate Finance at all.
For everyone who has to use this book for a class I hope that your professor is able to explain what you are supposed to be learning because this book will not help at all.
Excellent text.......2006-03-24
I really enjoyed using this text book. It is clearly written and the student CD really helped me learn the material.
Excellent readibility and examples, did well in class.......2006-02-25
I purchased this book for a class where it was required, but saved $ by purchasing through amazon. I paid about $120 and see that the price has gone up in the last 2 months. This book seems long but is filled with examples of calculations and process. I found that reading the book gave me a clearer and more thorough explanation than even my teacher could give. I have learned a lot and would highly recommend this book to anyone trying to learn finance.
Good Text For Beginners.......2005-12-16
I am a non-finance major and this book helped me get through the class very well. Not only does the author explain the material in common language, but it is an easy reader. My favorite part of the book is the CD that comes with it. It has a lot of interactive ways to learn the material, from quizzes to narrative Power Points.
Book Description
The best-selling Fundamentals of Corporate Finance (FCF) is written with one strongly held principle– that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, there are three basic themes that are the central focus of the book: 1) An emphasis on intuition—underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. 2) A unified valuation approach—net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects. 3) A managerial focus—the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment. The Seventh Edition continues the tradition of excellence that has earned Fundamentals of Corporate Finance its status as market leader. Every chapter has been updated to provide the most current examples that reflect corporate finance in today’s world. The supplements package has also been updated and improved. From a new computerized test bank that is easier than ever to use, to new narrated PowerPoint for students, to new interactive learning modules, student and instructor support has never been stronger. There is also an optional, exciting new web-based program called “Homework Manager” that will help your students learn corporate finance by duplicating problems from each chapter in the textbook and by providing automatic grading and feedback to both students and instructors.
Book Description
Fundamentals of Corporate Finance, by Richard A. Brealey, Stewart C. Myers and Alan J. Marcus, has been applauded for its modern approach and interesting examples. Professors praise the authors’ well-organized and thoughtful writing style and their clear exposition of what many students consider difficult material. The authors accomplish this without sacrificing an up-to-date, technically correct treatment of core topic areas. Since this author team is known for their outstanding research, teaching efforts, and market-leading finance textbooks, it’s no surprise that they have created an innovative, and market-driven revision that is more student friendly than ever. Every chapter has been reviewed and revised to reflect the current environment in corporate finance.
Average customer rating:
- Highly recommended
- Right to the point!
- Financial Management of Healthcare Organizations
|
Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts, and Applications
William N. Zelman ,
Michael McCue ,
Alan Millikan , and
Noah Glick
Manufacturer: Blackwell Publishing Limited
ProductGroup: Book
Binding: Hardcover
 Corporate Finance
| Finance
| Business & Investing
| Subjects
| Books
General
| Business & Investing
| Subjects
| Books
Health
| Insurance
| Industries & Professions
| Business & Investing
| Subjects
| Books
Social Services & Welfare
| Poverty
| Current Events
| Nonfiction
| Subjects
| Books
General
| Administration & Policy
| Medicine
| Subjects
| Books
Health Care Delivery
| Administration & Policy
| Medicine
| Subjects
| Books
Hospital Administration
| Administration & Policy
| Medicine
| Subjects
| Books
Medicaid & Medicare
| Administration & Policy
| Medicine
| Subjects
| Books
General
| Administration & Medicine Economics
| Medical
| Professional & Technical
| Subjects
| Books
Health Care Delivery
| Administration & Medicine Economics
| Medical
| Professional & Technical
| Subjects
| Books
Hospital Administration
| Administration & Medicine Economics
| Medical
| Professional & Technical
| Subjects
| Books
Medicaid & Medicare
| Administration & Medicine Economics
| Medical
| Professional & Technical
| Subjects
| Books
General
| Finance
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
Look Inside Business Books
| Trip
| Specialty Stores
| Books
Look Inside Nonfiction Books
| Trip
| Specialty Stores
| Books
Look Inside Science Books
| Trip
| Specialty Stores
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Business & Investing
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Medicine
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Nonfiction
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Professional
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Similar Items:
-
Essentials of Health Care Finance
-
Strategic Management of Health Care Organizations (5th Edition)
-
Cases in Healthcare Finance, Third Edition
-
The Financial Management of Hospitals and Healthcare Organizations
-
Health Care Management: Organization Design and Behavior
ASIN: 063123098X |
Book Description
This new edition of Financial Management of Health Care Organizations offers an introduction to the most-used tools and techniques of health care financial management, including health care accounting and financial statements; managing cash, billings and collections; making major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing.Avoiding complicated formulas and using numerous spreadsheet examples, its pedagogy includes: more advanced information in chapter appendices for those who want to go beyond the basics; a detailed outline beginning each chapter; a summary concluding each chapter; and 'perspectives', real-world situations and events which illustrate concepts discussed in the chapters. Now completely updated, this book provides students with the practical, up-to-date tools they need to succeed in this dynamic field.New to the Second Edition:Key terms and key equations listed at the end of each chapter; each set of key terms now becomes the first question for each chapterExpanded use of marginal definitions and key pointsAdditional questions and problems for the chapters; where possible, problems are provided in pairs so that the first can be used as an example, and the second can become part of an assignmentUpdated perspectives throughout the textInstructor's Manual available on CD-ROM including all exhibits in PowerPoint and Excel, answers to all problems in PowerPoint and Excel, and working spreadsheet models of exhibits and selected problems for classroom use
Customer Reviews:
Highly recommended.......2005-03-28
A very comprehensive and informative book, even though the examples are for the US it can be used and applied to other countries and systems. Gives a good grounding for financial understanding of healthcare entities. Highly recommend it to anyone looking interested in financial managment of health care organizations
Right to the point!.......2004-03-28
I found it very consice, and at the same time understandable with lots of examples, and practical. It is very well customized for health care organizations. It's worth your time and your money!
Financial Management of Healthcare Organizations.......2003-05-16
This text proved an invaluable guide to the subject of hospital finances. This was a subject I was not particularly interested in, and the book surprised me. It is readable and clear. The logic flows smoothly. There are plenty of examples, illustrating assorted principles. After reading several books on the topic of hospital finances, this one stands out for its clarity.
Book Description
The market leader, Brigham/Houston, continues to grow in reputation as the most effective approach for learning the basic finance principles, tools, and applications. The Concise version of the extremely successful Fundamentals of Financial Management text offers an briefer alternative containing the same level of rigor concerning the topics covered. It is also updated to reflect the latest in theory, research, real-world examples, and use of technology. The seamless, integrated ancillary package - done by the authors - is a hallmark of this package that makes the subject more accessible for learners.
Customer Reviews:
Excellent textbook with clear explanations.......2006-12-09
This textbook is very well done. Difficult concepts are clearly explained and there are simple examples backing up explanations. Exercises are plenty and the accompanying CD is an excellent resources.
All major concepts of corporate finance are covered and links to real world examples are very helpful. The authors always keep the subject close to the real world by telling how corporate finance is practice by corporate. So none of what is in this book is ever abstract of too academic.
A very good book, a very useful resource. Highly recommended.
Fundamentals of Financial Management .......2006-05-31
The quality of the book was good and the price was even better. It arrived within 5 days of my purchase which was good because my class starts tomorrow.
Fundamentals of Financial Management: Concise.......2005-09-14
The quality of the book was very good. There was a large amount of highlighting but, the price was fair. The book was shipped with good packing materials and received in an expected time frame.
The Long Way Book.......2004-03-22
I was very disappointed in this book because I looked forward to my finance class in college. But this book was poorly put together - one short paragraph would talk about carry forward and back but nothing was elaborated on the subject - it would just go right into the equation. I heavily depended on the professor's lecture and not once referred to the book when studying for the exam. However, I did use the book to make sure I was using the correct terminology for the exam.
Book Description
Fundamentals of Investments was written to: 1. Focus on students as investment managers, giving them information they can act on instead of concentrating on theories and research without the proper context. 2. Offer strong, consistent pedagogy, including a balanced, unified treatment of the main types of financial investments as mirrored in the investment world. 3. Organize topics in a way that makes them easy to apply--whether to a portfolio simulation or to real life--and support these topics with hands-on activities. The approach of this text reflects two central ideas. First, there is a consistent focus on the student as an individual investor or investments manager. Second, a consistent, unified treatment of the four basic types of financial instruments--stocks, bonds, options, and futures--focusing on their characteristics and features, their risks and returns, and the markets in which they trade.
Customer Reviews:
Excellent book.......2007-01-23
This is a great investments textbook. Very easy to read and arranged in a readable format.
Don't waste your money.......2006-11-27
I was forced to buy this book for a finance class. I look forward to throwing it away. The explanations in this book are poor, and as a financial reference, this book is useless. I had better luck with Google. There are a lot of finance books out there that do a much better job covering the same topics in this book. Don't waste your money on this one.
This seller sucks!!!.......2006-09-21
This seller took a month to get me my book, never responded to my e-mails, and then sent me the wrong edition! Order at your own risk!!!
The worst financial textbook I have EVER seen.......2006-03-19
This book is the biggest waste of money that I have been forced to suffer through. The examples in each chapter are poorly written and are so much simpler than the actual "test questions" at the end of each chapter so as to be useless. Additionally, the selected answers in the back of the book seem to be wrong as often as they are right. You couldn't pay me enough to recommend this book to anyone.
Book Description
TABLE OF CONTENTS
Chapter 1: The Basics of Risk Management This chapter introduces how banks work. It describes how they make money, how they often lose money, and how they try to manage their losses. It includes thirteen short case studies showing how banks have lost money.
Chapter 2: Risk Measurement at the Corporate Level: Economic Capital and RAROC Chapter Two discusses the meaning of capital and how the risks that a bank faces are related to the amount of capital that the bank should hold. It then describes the two fundamental building blocks of integrated risk measurement: Economic Capital and Risk Adjusted Return on Capital (RAROC).
Chapter 3: Review of Statistics Chapter Three is useful for those readers who do not have a recent working knowledge of statistics. It reviews the statistical relationships that are commonly used in risk measurement and provides reference material for the rest of the book. Examples are provided using financial loss data.
MARKET RISK SECTION
Chapter 4: Background on Traded Instruments This chapter gives an overview of the main types of traded instruments: bonds, equities and derivatives. It gives a qualitative description of the instrument, examples of calculating the instrument’s value and the basic risk metrics such as duration and the Greeks. This chapter is useful for those readers who are new to the finance industry.
Chapter 5: Market Risk Measurement This chapter describes the most common ways to measure market risks: Sensitivity analysis, Stress testing, Scenario testing, Sharpe Ratio and Value at Risk. It gives detailed examples of using each of the metrics.
Chapter 6: The Three Common Approaches for Calculating Value at Risk Value at Risk (VaR) has become the standard approach for measuring market risk. This chapter is devoted to explaining the details of the three common approaches to calculating VaR: Parametric VaR, Historical VaR and Monte Carlo VaR. We work though increasingly complex examples and compare the strengths of each approach. (Note: many readers will be particularly interested in this chapter because the name “VaR” is well known and has a certain mystery)
Chapter 7: Value at Risk Contribution The Value at Risk Contribution (VaRC) is a useful way of pinpointing the source of the portfolio’s risk. VaRC can break down the risk by instrument, trading desk or market risk factor. Examples are given for several types of VaRC.
Chapter 8: Testing VaR Results to Ensure Proper Risk Measurement This chapter discusses the procedures required by regulators to backtest VaR calculators to check that their predictions of losses are consistent with market events.
Chapter 9: Calculating Capital for Market Risk VaR is used as the basis for calculating both Regulatory Capital and Economic Capital for Market Risks. In this chapter VaR also extended to measure the risk of Asset Management operations.
Chapter 10: Overcoming VaR Limitations Although VaR is the best single metric for market risks, is has several limitations. The limitations and typical solutions are discussed in this chapter.
Chapter 11: The Management of Market Risk This chapter concludes the market risk section by describing how the results of risk measurement are used by management to identify the sources of risk. It also describes the process of setting VaR Limits. (Note: readers should be particularly interested in VaR Limits because it is difficult and an important element in controlling a bank’s risk).
ASSET/LIABILITY MANGEMENT SECTION
Chapter 12: Introduction to Asset Liability Management Asset Liability Management (ALM) is primarily concerned with the interest rate and liquidity risks that are created when commercial banks take in short term deposits from customers and give out long term loans. This chapter describes how those risks arise and the risk characteristics of different types of deposits and loans.
Chapter 13: Measurement of Interest Rate Risk for ALM This chapter discussed the primary techniques used to measure interest rate risk: Gap reports, Rate shift scenarios and Simulations
Chapter 14: Funding Liquidity Risk in ALM The measurement of liquidity risk is broken into three groups: expected, unusual and crisis events. Measurement techniques are given for each group.
Chapter 15: Funds Transfer Pricing and the Management of ALM Risks A key use of asset/liability measurement is the calculation of the fair price at which funds should be lent from one department to another within a bank. This is one of the keys to integrated risk measurement and is a critical component in measuring risk-adjusted profitability and setting prices to customers. A typical balance sheet is used to illustrate how transfer pricing works in detail.
CREDIT RISK SECTION
Chapter 16: Introduction to Credit Risk This chapter discusses the sources of credit risk and how measurement is used to manage the risks
Chapter 17: Types of Credit Structure For readers who are unfamiliar with lending operations, we discuss the ways that credit exposures are structured in commercial and retail lending. It also describes the calculation of credit exposure for derivatives trading operations and gives an overview of credit derivatives.
Chapter 18: Risk Measurement for a Single Facility This chapter shows how the Expected Loss and Unexpected Loss for a loan can be calculated from the Probability of Default, Loss In the Event of Default, Exposure at Default and the Grade Migration Matrix.
Chapter 19: Estimating Parameter Values for Single Facilities One of the main difficulties in credit risk measurement is the estimation of values for Probability of Default, Loss Given Default and Exposure at Default. This chapter discusses estimation techniques such as Discriminant Analysis and the Merton Model. It also gives parameter values that can be used as the basis for the reader’s own models. The parameter values are used in examples to demonstrate how the credit risk calculations are used.
Chapter 20: Risk Measurement For A Credit Portfolio: Part One To estimate the overall risk for a portfolio many credit instruments, we must examine the correlation between losses. This chapter describes the Covariance Credit Portfolio Model and the different approaches available for estimating default correlations. It also describes how the correlations can be used to estimate the Unexpected Loss Contribution and the Economic Capital for a single facility within a portfolio.
Chapter 21: Risk Measurement For A Credit Portfolio: Part Two This chapter describes the four other widely used approaches for estimating the risk of credit portfolios: the actuarial model, the Merton-based simulation model, the macro economic default model and the macro economic cashflow model used for structured and project finance. It concludes with a section describing how the models can be combined in a unified framework to create an integrated simulation of all the bank’s risks
Chapter 22: Risk Adjusted Performance and Pricing for Loans Knowing the economic capital for a loan, this chapter shows how to calculate the minimum price that should be charged to a loan customer. The analysis shows how to include multi-year effects such as grade migration. Illustrative examples are included. (Note: this chapter should be of interest to readers because loan pricing is another difficult and important subject that is rarely discussed in other books)
Chapter 23: Regulatory Capital for Credit Risk The Basel Committee on Banking Supervision (often called the BIS) is planning fundamental changes to the way that banks must calculate the capital that they hold. The new calculations will be very similar to the calculations described in the rest of this book for economic capital. This chapter summarizes the history of the Capital Accords then compares the different approaches that the BIS will allow. It also gives a standard plan for implementing the new Accords. (Note: this should be of interest to readers because the shift to BIS measurement is of major importance, it will be difficult for most banks, and it must be completed by 2005)
OPERATING RISK SECTION
Chapter 24: Operating risk The quantification of Operating Risks is on the frontier of the industry’s understanding of risk measurement. The risk estimation approaches can be categorized as either qualitative, structural or actuarial. These approaches are described including Key Risk Indicators and the BIS approaches.
INTEGRATED RISK SECTION
Chapter 25: Inter-risk Diversification and Bank-Level RAROC This chapter describes how all the models are linked to calculate Economic Capital and Risk Adjusted Profitability for the Bank as a whole. It concludes with of the steps normally required to implement the bank-wide measurement of Economic Capital and RAROC.pital and RAROC.
Customer Reviews:
Excellent overview of bank risk management.......2005-10-21
I really can't say enough about this book. From the perspective of a banker who wants to understand the fundamentals it is comprehensive, well organized and presented in a style that makes understanding the materials easy (or as easy as can be expected given the topic).
I recently took a copy to an Fx class I presented to the central bank staff in Azerbaijan. They liked the book so much that I was forced (not literally - maybe 'encouraged' would be a better word) to leave my copy behind. I promptly ordered another on my return.
While there are certainly more advanced texts on this same topic, I have yet to see one that does a better job of communicating the core concepts.
Great job!
Nice Overview.......2004-08-30
It was a nice overview of some existing models but it lacked the drill down needed for the next step. I did not find that it allowed you to handle actual data.
Fantastic book.......2003-05-23
Moving from academia to the real world is made much smoother with this great text by Dr. Marrison. This book integrates interest rate, liquidity and credit risk with bank management perfectly. Anyone interested in gaining a strong economic background with a quantitative degree like myself will find this book extremely useful.
One of the Best Books for Risk Management.......2002-10-23
Marrison has written an outstanding book on risk management. What is attractive about the treatment is the fact that it covers all aspects of risk management for financial institutions. Lots of books focus only on "new" techniques (VaR, portfolio credit risk models) or only on "traditional" techniques (credit analysis, ALM). Marrison treats them all, and uses capital allocation as a unifying theme.
Two previous reviews that suggest Marrison is too basic or merely repeats other authors are, in my humble opinion, dishonest. Marrison is a sophisticated book for sophisticated readers who are new to risk management. This includes MBA students taking courses on the capital markets or risk management. It also includes professionals working in their first risk management position. Marrison did not invent VaR or ALM, but authors of other books did not invent these concepts either. An author's task is to describe established concepts in a manner that is accessible to and useful for his audience. In this respect, Marrison's book is a dramatic step forward. His choice of topics, organization and writing are superb.
One of those previous reviews recommended that you read books by certain other authors instead of Marrison. Of those books, the only one that Marrison competes with is Jorion's Value-at-Risk. Marrison is an order of magnitude better than that book. The other books cover unrelated topics or are more advanced treatises on specific topics. You might graduate to such books from Marrison, but they are not alternatives to Marrison.
Finally, you can't beat the price on this book. Marrison simultaneously offers a bargain AND one of the best books available on risk management.
A great primer.......2002-09-11
Chris Marrison's book is something I have been seeking for a very long time. It is well organized and easy to read. I have spent several years in strategic financial services consulting, wherein a strong foundation in risk measurement concepts and tools is essential for consultants across experience levels. Though having studied undergraduate finance and statistics, I ended up developing my rudimentary (and incomplete) knowledge of risk measurement in a very ad-hoc, context-specific and inefficent fashion. Now an MBA student at Harvard, I come across peers also seeking to understand the business, technical and practical aspects of risk measurement, as conceptually, 'risk management' is a common idea but an abstract practice for many professionals. There is no other textbook I've come across that addresses the essentials of risk measurement in as tangible a manner. I will not hesitate to recommend this book as a great primer to fellow students. The only caveat I offer is that this book is for those truly interested in jumping into the practical applications of risk measurement - for more of an overview of risk management theory, or esoterica for that matter, you're better off looking elsewhere.
Books:
- Game Theory: A Nontechnical Introduction
- Guide to the Sarbanes-Oxley Act: What Business Needs to Know Now That it is Implemented
- Harvard Business Essentials Guide to Negotiation
- Harvard Business Review on Brand Management (Harvard Business Review Paperback Series)
- Harvard Business Review on Decision Making
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- How to Start a Magazine
- Indoor/Outdoor Team Building Games For Trainers: Powerful Activities From the World of Adventure-Based Team Building and Ropes Courses
- Interest Rate Models - Theory and Practice: With Smile, Inflation and Credit (Springer Finance)
Books Index
Books Home
Recommended Books
- The Gaming Industry: Introduction and Perspectives
- Montessori Play And Learn: A Parent's Guide to Purposeful Play from Two to Six
- Flowers in the Dustbin: The Rise of Rock and Roll, 1947-1977
- History: Fiction or Science
- Essential Software Architecture
- Proust, Marcel Remembrance Things Past
- Lean Mean Thirteen
- Management Accounting- Information Strategy, Fourth Edition: For May and November 2004 Exams
- Handbook of Labor Economics Volume 3 : Volume 3A
- Me and My Baby View the Eclipse
Study Guide for Brigham/Houston's Fundamentals of Financial Management, 11th
Operations Management for Competitive Advantage with Student DVD
Texas Instruments BA II Plus Professional Calculator
Texas Instruments BA II Plus Business Analyst Calculator
Intermediate Accounting
