Book Description
Principles of Corporate Finance is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book the authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. The text is comprehensive, authoritative, and modern and yet the material is presented at a common sense level. The discussions and illustrations are unique due to the depth of detail blended with a distinct sense of humor for which the book is well known and highly regarded. This text is a valued reference for thousands of practicing financial managers. Richard A. Brealey and Stewart C. Myers welcome Franklin Allen as a new coauthor to this Eighth Edition. Sometimes the addition of a new coauthor means that one of the existing authors proposes to take a back seat. That is not the case with this team. Dr. Allen’s addition represents a genuine increase in capacity and brings fresh expertise and ideas to an already tremendously successful textbook and partnership.
Customer Reviews:
Just perfect........2007-09-06
Although I did not pass the exam that I took. The problem was with the exam not the book. This is an excellent book with lot of work done to ensure that the book is perfect.
The presentations available online with this book have a few mistakes.
Not great for the beginner.......2007-07-17
This book is not very clear in its explanations and does not have too many worked examples. Not sure why my MBA school prescribes this. I recommend reading Fundamentals of Corporate Finance Standard Edition by Stephen Ross, Randolph Westerfield.
Lacking Full Explanations.......2007-06-07
This book leaves me with more questions about finance than I have answers. Who do the authors think they are writing for? It surely is not the beginner MBA student. It seems like words are expensive because they do not fully or even partially explain concepts. Finance is difficult but it should not be impossible. I should not have to read and reread to figure out what the heck they are talking about. Maybe they should serve as advisors to this text and let someone who knows how to write actually write the book. These guys may be leaders and brillant but they are poor communicators. I'm not thrilled with my professor either. Is he a cheerleader or a teacher?
Good introductory finance book.......2007-04-11
This is an easy to ready comprehensive introduction to basic finance concepts. I would not recommend it to finance majors but I consider it a good choice for general MBA or other students that do not have a stong quantitative finance background.
Comprehensive text - you get your money's worth.......2007-01-09
I got this book for my Intro to Corp Finance class. The professor was aweful, but the book got me through the class. There are several other finance classes that use the same text, so for once I feel like I'll get my money's worth out of a textbook.
Book Description
BUSINESS: ITS LEGAL, ETHICAL AND GLOBAL ENVIRONMENT offers the most integrated approach to Legal Environment on the market - thoroughly exploring the intersection of law, business strategy, and ethics illustrated by emphasizing applications (nearly 300 real-world applications throughout the text). In addition to a providing very thorough coverage of the law, the book consistently applies legal concepts within a business context through a wealth of pedagogical devices, demonstrating to students on nearly every page the clear relevance of the material to issues they will face in the real world. This text fulfills current curricular and AACSB accrediting standards.
Customer Reviews:
FAST SHIPPING!!!.......2007-09-10
My textbook was in a great condition and when they said fast shipping, they meant FAST SHIPPING! I recommend this seller to everyone because they are excellent in providing the best service that I have ever encounter on the website. Thanks!!!
Quite Comprehensive.......2006-03-17
This text offers great details, but I did not rate it as 5 stars because (1) when searching for content, it is difficult to see the key words in the text and (2) the case studies are well selected, but since they are inserted throughout the chapter, it is challenging to determine where the case ends and the author's content begins.
Overall, I would recommend the Jennings text and will keep a copy on my shelf.
Good enough.......2005-09-12
The book was damaged but it looks like its the post office job because the envelope used to cover the book was damaged as well. Besides that, the transaction was good
15 days to tell us they didn't have the book........2004-11-16
I ordered the book from them on Nov1. On Nov 15 I called and they told me they didn't have it. The money was returned by Amazon.
Overall, I recommend it........2001-09-04
This book was assigned to one of my MBA classes. The book itself was a good source of reference not only for my business law class but also to other two classes. The book's language is simple and easy to understand. The only flaw I found about this this book was that some cases were complex and I had to refer to actual law books and regulations. Overall, I recommend this book.
Book Description
Law, Business, and Society, 8/e, by Tony McAdams, takes an interdisciplinary approach, utilizing elements of law, political economy, international business, ethics, social responsibility and management. The author produces a compelling holistic picture of these concepts by giving extensive attention to readings, provocative quotes and factual details. Students learn not merely the law but the law in context.
Customer Reviews:
Don't Buy.......2006-03-25
The book has no color at all, everything is in black and white; also the case files found in the book are briefed and are poor reflections from the orginal public documents. I had to buy this book for a college class, it was cheaper here than in the school book store but I feel the book is only worth $20.
Review of Law, Business, and Society.......2000-05-15
McAdams, et. al. provide an interesting mix of economics, law, business, and ethics in this textbook aimed at upper level undergraduates. This interdiscplinary approach is especially appropriate for business courses which should examine these issues from multiple perspectives. My only reservation is that perhaps too much emphasis is placed on the legal dimension within the text.
Book Description
Real Estate Advantages is for first-time as well as seasoned real estate investors. It reveals the tax and legal loopholes available and most important, how they can be used together to not only maximize your income--but accelerate your income from real estate investing. Sharon Lechter and Rich Dad's Advisor Garrett Sutton team up for the first time to deliver practical, proven strategies and formulas--from the perspective of successful investors, CPAs and asset protection attorneys--for acheiving the greatest leverage from real estate investing. Written in easy-to-understand language, this book de-mystifies the legal and tax aspects of investing with easy-to-follow, real life examples. Real Estate Advantages reveals how you can find good advisors, create steady monthly income, reduce your risk, pay less in taxes, make more money with your banker's money and, best of all, the government helps you!
Customer Reviews:
Loaded with Helpful Strategies .......2007-08-26
Very informative. This book is full of great strategies of how to maximize your return and how to protect your real estate investments and retire comfortably. You will learn how to choose the right asset protection for your investments, how to maximize your real estate investments to your retirement advantage, the use of 1031 exchange to pass on assets to your kids without paying capital gain tax, how to mix and match business entities if you have multiple RE investments in different states, learn the advantages and disadvantages of a Nevada, Wyoming, California, Texas corporation or LLC. After reading this book, I attended a seminar with the co-author lawyer, Garrett Sutton, at a National Real Estate Investment Club Expo in L.A Convention Center. We had a Q&A after his presentation. This guy really knows his stuff. He seems to be a nice and humble person. If you are a RE investor or thinking of becoming one, I highly recommend this book. I also recommend that you consult with his office for asset protection. He does business over the phone for all states. You can also get lots of tips and info in Garrett Sutton's websites.
A Solid Foundation for launching a RE Investing career..........2007-08-20
Of all the Real Estate "How To" books and programs I've purchased over the years, one thing was always lacking...the legal aspects of holding and protecting the property. A few may have touched on it, but nothing as meaty as this book. Very informative and easy to understand. Buying real estate without reading this book would be like going into combat without weapons and body armor...at some point you're going to end up getting killed ( or sued ). In this day and age where people are suing fast food restaurants for making them fat, or cigarette companies for giving them cancer, don't think some tenant won't sue you some day for something equally as stupid. This book is super cheap insurance...buy it if you're seriously considering real estate investing.
Road to sucess!.......2007-06-10
The money you will save buying this book will save you thousands!It is a reference book that help you avoid all the common tax and legal problems when investing in real estate.
The ultimate get started book.......2007-04-10
This has been one of the best books on real estate I have ever read. I am just about to get started and will definately put this book into action. It is hard to get all of the topics for real estate into one easy to read format, but the Rich Dad advisors have done it and with a little flare. It is an easy read and good for anyone serious about getting started or if you have made mistakes along the way.
Great Stuff for the Money wise!.......2007-04-10
Full of great information if you want to know how to avoid costly mistakes for managing your excess funds.
Book Description
From financial expert Douglas R. Andrew comes an extraordinary book that challenges the most basic and fundamental concepts of personal investing in a user-friendly format.In the 30 years Douglas R.Andrew has worked as a successful financial analyst, lecturer, and retirement consultant, he has routinely questioned and challenged the accepted tenets of personal finance. His conclusions are absolutely startling. In 23 informative chapters, Andrew reveals his no-nonsense, yet unconventional, financial growth strategies that challenge widespread money myths and make his clients rich with advice like: * You shouldn't pre-pay your mortgage* Don't expect your 401Ks and IRAs to cover retirement* You can (and should) buy a home with no money down* and more!Originally self-published as MISSED FORTUNE (Paramount Publications, 7/03) and targeted towards a more professional financial audience, the first edition of this book sold 10,000 copies. In 4/04, it was published in Warner Business Books trade paperback (0-446-69350-2). This new hardcover edition has been significantly condensed to appeal to the average personal investor.
Customer Reviews:
Unlike some advisors Mr. Andrew walks his talk! .......2007-10-02
I have had the occasion to meet Douglas Andrew and he is his own biggest client. He seems to be one of the most straight forward, straight shooting people I have ever met. I was a stock broker with my insurance license, a mortgage wholesale rep, as well as a real estate broker and I have to say the strategies that are espoused in this book are all... right on! Hey, nothing is completely risk free but this comes close. I took my own home equity out [by selling my home] before the prices went down. I am glad I did. Most of it I will put into this strategy over the next 4 years and some will be saved for a down payment when I think housing prices have bottomed. When that home goes up I will take the equity out and start another plan like this. It makes little if any sense to have your home equity sitting there doing nothing. I mean would I leave $100K or more sitting in my checking account, earning zip? NOT! Well money that was sitting in my own home was making me nothing. It's the same to me. Hey, if I can borrow at a simple interest rate and have it accumulate and grow [even tax favored maybe] and compound over time into a large sum, I am all for it. The idea of using home equity to grow wealth is not new but until now I have never seen a strategy that I was comfortable with. This book turns life insurance upside down and shows us how to maximum fund a contract and therefore use it as a great 'living' benefit rather than buy the most death benefit for the least amount of money and possibly outlive the insurance just when we are nearing the 'benefit', if you want call it that, since one has to die to get it. But let's face it, we all need life insurance and I know no better way to have it. The way Mr. Andrew explains it, if structured properly Uncle Sam is paying for it. The strategies in this book are varied and flexible. He also shows us how our qualified plans [401K, IRA, 403b, etc] may very well not be serving our best interest. This book is a must read for anyone that is willing to think for themselves [outside the box] and especially if you have been around long enough to understand what Douglas Andrew means when he says 'sometimes it's what we don't know that we don't know that can hurt us.'
Please be careful..........2007-10-02
I think I would sign up for this if I had a lot of money and have as a small part of my portfolio - but for the most of us this would mean putting all our eggs in one basket, and not be able to take them out again.
I had 2 telephone appointments with the author's son contemplating signing up with their method. I expressed our concerns about our liquidity if another disaster of some sort happens. When 9/11 happened our income went down significantly for 1-2 years afterwards, and if it happened again we would not be able to pay the much higher mortgage we would have if we re-financed according to his plan. He swiftly explained that we would just file for bankruptcy(!). We have worked hard for ten long years putting our sweat equity into making our little house our dream home that we never want to leave - you can't buy a view like ours for a mortgage of $800/month anymore - why would we want to gamble with that?? The negative amortization loan he suggested would easily be covered by the continually rising house values here in Southern California, he explained. I protested that nothing can keep going up and up forever, and I didn't want to sit with an upside-down situation in my house at re-finance time. He didn't agree - just look at history he said - it keeps going up! Fast forward a few weeks and the whole foreclosure heaven came down, and our house is worth a good $100.000 less than just a year before...
Boy are we happy we didn't put blinders on and get too gullable!
We will find another way to provide for our retirement, thanks.
Also his projections of payouts in retirement are not adjusted for inflation so it really doesn't tell you much. $70k might sound like enough today but what will it be in 30 years...?
Please look into your options, consult a few traditional financial planners and ask them to explain the differences and in particular the high fees associated with this method. We found out that we'd be pretty well off just by investing the difference between our current mortgage payment and the one we would have re-financed to. Also have an equity line on your house and you will have the liquidity the book tells you you can't have unless you go with their method.
Utter Garbage.......2007-10-01
Every flimflam man knows that the con must be carefully layered around a kernel of truth for credibility. Missed Fortune 101 by Doug Andrew succeeds in this by wrapping a number of preposterous ideas and prevarications around three basic and true axioms. They are: (1) income is taxed in what are essentially "chunks," (2) the only relevant tax rate for decision making is the marginal rate, and (3) tremendous wealth can be created by borrowing at one rate and investing at a higher rate. Everything else in this book is not only utter nonsense, but potentially lethal to one's financial health.
The author arrives at two basic conclusions. We should borrow out of our homes and invest the proceeds at a higher rate. Universal life insurance serves as Andrew's means to this end. We should also suffer the consequences of withdrawing from our IRAs and other retirement plans now rather than later, since the tax from such withdrawals will only get worse. Naturally, the leftover funds (heavily diluted by taxes) should be invested in the same insurance policies, which supposedly offer a higher--and safer--yield than whatever the retirement plans were invested in. By page 5, I realize I'm reading a book-length sales pitch and con that has the potential to wreak havoc in my clients' lives (disclosure: I've been an Enrolled Agent tax professional and Certified Financial Planner licensee for almost three decades).
Anything this full of nonsense is difficult to critique. Short of writing a book-length retort, I've settled on the idea of listing the multitude of problems by category and providing examples from each.
A far more comprehensive review is available at my personal sites; just Google my name to find me. This is an abstract from that review. Serious readers will want to check out my books to see what links may exist between financial abuse and the field of addiction. You may wish to start with Drunks, Drugs & Debits: How to Recognize Addicts and Avoid Financial Abuse or Alcoholism Myths and Realities: Removing the Stigma of Society's most Destructive Disease.
Highly misleading examples
(2) "A $6,000 interest expense deduction on an itemized tax return has the same impact as a $6,000 qualified plan contribution. They are simply reflected in different sections of the return." Aside from numerous other issues, the tax savings from the interest deduction may be zero if you don't already itemize deductions.
(3) He implies that ordinary investors can double their money for 20 periods by comparing one dollar pre-tax and one dollar taxed-as-earned, doubling each "period" for 20 such "periods." The number of humans who have done this or something equivalent numbers perhaps a few thousand, which wasn't accomplished by investing in insurance contracts.
Faulty and twisted logic
(4) "...Your home may likely sell much more quickly and for a higher price with a high mortgage balance rather than a low mortgage balance." What the heck does the balance on my mortgage have to do with what a buyer is willing to pay me for my house?
Broad, sweeping and misleading generalizations
(2) Andrew advises that we all sell our homes and repurchase with 100% financing with the goal of freeing up equity to invest in his recommended universal life policies. He ignores the higher interest and property mortgage insurance costs on such loans, overlooks possible increased property taxes and disregards fixed transaction and moving costs.
(4) "Unfortunately, non-spouse heirs far too often end up with only about 28 percent of the money that was left in their parents' IRAs and 401(k)s." This is scare-mongering.
Questionable predictions and grand assumptions
(3) "Conservatively, [our cozy retirement] cabin will double in value every ten years..." and our $100,000 cabin will be worth "$800,000 in thirty years." Very few areas in the country even during the late real estate boom of the last three decades have done that well. What would qualify as "aggressively"?
Assertions and generalizations that may be lethal to your retirement
(1) "Home equity has no rate of return when it is trapped in the house..." This is outright nonsense. The return is what you save in interest or rents.
(5) He concludes that if not done before, "roll-outs" from IRAs commence at age 59 ½ over a five year period and that some younger people under age 50 should commence withdrawals despite the imposition of early withdrawal penalties. The value of tax-deferred growth is ignored, as is the fact that "repositioning" of funds shrink the amount available for investment by the tax paid, which greatly distorts his calculations.
Inane or incorrect assertions
(2) He states that the interest on an equity line used to purchase universal life insurance from which you contemplate borrowing is deductible. Under IRC section 264(a)3, it isn't).
Sloppy editing of facts
(2) "One requirement [for withdrawing tax-free income from a Roth IRA] is that a distribution may not be made until at least five years after the first contribution is made." This is incorrect. Principle contributions, which are withdrawn before earnings, can be taken at any time at no cost in tax or penalty.
Poor writing and berating of those who disagree with him
(2) "There are two ways to handle information: ignore it as false or increase your level of understanding to accommodate new ideas." Obviously, we are supposed to accommodate his ideas or we're complete idiots.
(3) There are probably hundreds of examples poor writing. "...Premium payments can be varied, fluctuated, and adjusted according to circumstances..." should be, simply, "Premiums can be adjusted."
Throughout, Andrew uses variations of the typical bunko-artist salesman ploy: scare you into agreeing to do whatever he says because life will be filled with disasters if you don't. On the contrary: your financial life will likely turn into a catastrophe if you do.
What your Life Insurance Agent hopes you NEVER read.......2007-10-01
When did Life Insurance become a good Investment?
Did they stop charging those 90% plus commissions on target premiums?
When did the Life Insurance Agent become a charitable organization?
Anyone who is believing this so called NEW way of thinking is either really bad with math or simply does NOT understand Life Insurance. There is a REASON you don't see REAL professionals using this concept they KNOW the TRUTH!!!
What is the ROI on my home Equity? MORE THAN ANY LIFE POLICY!!!!
After you learn how to subtract out all the commissions and fees, then the REAL cost of the death benefit, loan fees for your house loan fees for the life policy let's sit down and compare which approach works best. Having my house free and clear with NO COMMISSIONS to pay, no loans, and no INCREASING internal costs for the life insurance will BEAT any Life Policy I GUARANTEE IT!
Here is a shocker to reality. If you bought into this BS and mortgaged your house and placed the money into a life policy order a current statement for your policy showing the SURRENDER CASH VALUE in the first year, HOW MUCH did you LOSE? Then look at the 5th year how much have you LOST? Tenth year? Do the REAL MATH find out the REAL FACTS.
LIFE INSURANCE is one of the HIGHEST commissioned products in the financial industry if not the HIGHEST FACT! Where do you think that money comes from, YOUR POCKET. 90% first year target premium commission and then about 6% commission each year thereafter. Do the math if the insurance company is paying out 90% of the first year target premium in commissions and 6% each year how long does it take for YOU to make MONEY or even breakeven on your so called investment? It will take OVER 20 YEARS!
Here is a little KNOWN FACT there are currently MANY so called experts out there today TRAINING for a large fee many other life insurance agents and mortgage brokers how to SELL LARGE COMMISSIONED life insurance policies. They don't care if you need a policy or NOT they only care about SELLING a policy. Check the facts. Some are even paying for cruises for Seniors then encouraging them to apply for insurance. IT IS HIGHLY PROFITABLE to someone BUT NOT YOU the policyholder.
You will see many lawsuits in the coming years from these abuses when the you know what finally hits the fan.
By the way did you know that it was illegal for you stock broker to encourage you to take out a mortgage to buy an REAL INVESTMENT? It should also be illegal for Insurance Agents but it's not, well not YET, time will tell.
I wish more people would ask the harder questions before believing this new line of BS.
FACTS: Insurance agents make about a 30-50% commission on term life insurance and around 90-95% commission on whole life products. Keep in mind that this is the first year commission on the premium and subsequent year commissions are much lower with an average of 6% per year for whole life products and 4% per year on term life insurance products.
One of the great problems with whole life is only an expert can tell if a policy you own or are considering will ever become a decent investment. James Hunt, actuary for the Consumer Federation of America, who has analyzed thousands of policies, notes that whole life policies hardly ever yield a reasonable return unless held for 20 years or more.
So if you buy one be prepared to pay into it for the very long haul.
The key to a whole life policy is its internal rate of return -- the yield on the policy after all fees and charges are subtracted. A competent analysis can determine at a minimum whether the weight of the fees and charges built into one of these policies will ever allow a worthwhile return. Such an analysis will also pinpoint the minimum amount of cash value that you can derive from a policy at any given time interval.
Some financial planners, actuaries and accountants can perform internal rate of return analysis on your policy. The Consumer Federation has a service that will do this, calculating the real return year by year and comparing it with other investments.
Promissing theme but not a panacea.......2007-09-30
Folks, this book will not apply to most readers.
I really wanted to understand and believe the method of this book because I certainly could benefit from it. The theme is to extract equity from your home(s) now before the bubble deflates. Then you invest it into insurance products for a guaranteed return. The whole book builds the reader up to find that magical solution, which climaxes at the end with a table of financial calculations.
Here is the problem with this method. His base figures are unrealistic to start with. Current rates for equity extraction (home loan/credit or refinance) are *higher* than what he uses in his tables. The returns from a fixed insurance contract are much *lower* than his tables. If you plug realistic figures into the calculations you will see this method barely makes sense.
There are many huge disadvantages to this method. First the upfront and yearly fees are so expensive it does not make sense to withdraw your money for at least 6 to 7 years should you need it. Second, you are paying a price for the guaranteed fixed return in the term of management fees which lower your return. If you invested in a regular taxed mutual fund, over a long period of time you will always do better than the insurance fixed return. Third, insurance contracts are not wise vehicles for passing on wealth to beneficiaries. Sure there is a payout, but should you live far past your average life expectancy, the majority your accumulated funds go into the insurance company's vault forever! Fourth, the method mentioned in the book is convoluted and is in part based on a series of tax loopholes. That means, as the author does acknowledged, the legality and advantages may change or vanish over time.
With all these drawbacks, why was the book written?
This book is essentially a sales pitch disguised as a presentation of logic and calculations. But as mentioned, the figures used for the foundation of the calculations are simply not realistic.
Financial planners make their biggest commissions on insurance products. The author is a financial planner.
Most financial gurus (Susy Orman, etc.) dislike insurance contracts and advise that individuals plan their own investments.
However, for those who would like a lower fixed return for a price and are less concerned about passing on their wealth to beneficiaries, this method could possibly apply.
Book Description
Learn to apply ethics in a business setting with BUSINESS ETHICS: CASE STUDIES AND SELECTED READINGS! A combination of both short and long cases, readings, hypothetical situations, and up-to-the-moment current, ongoing, and real ethical dilemmas provide you with an extremely well-rounded picture of the importance and pervasiveness of ethical decision making in business.
Customer Reviews:
Decent, but rather uneven coverage for an intro text........2005-06-23
One benefit of this book is that it contains articles, commentary, and discussion questions all in one text. It also covers a wide variety of issues, which is good since business ethics is a vast subject. On the negative side, I don't think the organization of the sections is the most effective way to approach the topic. The sections are organized based on a 1991 survey of CEOs in which the participants ranked their most important types of ethical dilemmas. As a result, there isn't the logical flow or progression of ideas from chapter to chapter that one might expect from a philosophy book. Unfortunately, the pragmatic interests of CEOs are not the same as the educational needs of students who are new to business ethics. There is also no discussion of ethical theories and no direct interaction between the articles. On the whole, this book may be beneficial if used in conjunction with a survey of ethical theories and ethical decision-making, but taken by itself it makes for a rather uneven introduction to business ethics.
Book Description
Financial Markets and Institutions, offers a unique analysis of the risks faced by investors and savers interacting through financial institutions and financial markets, as well as strategies that can be adopted for controlling and managing risks. The third edition further strengthens the book's risk management approach with expanded discussions of ethics, new technology integration, and much more!
Customer Reviews:
Not a good intro book.......2007-06-16
If anything, this book is only good for learning about financial institutions not covered in other intro finance books--extensive information on mortgage markets, the federal reserve, commercial banks, etc.
The authors' explanations of financial calculations are obscure (obsessive use of subscripts and acronyms). Paragraphs are often wordy.
For financial math, I would recommend:
Brealey, Myers, and Marcus for corporate finance principles
Bodie, Kane, and Marcus (not as good as Brealey, but still good) for investment principles
Madura for foreign exchange principles
Horrible Book.......2006-12-10
Our school told us to buy this book because supposedly it is a solid text. I'm warning everyone not to buy this book. This book is riddled with errors, and the answer key given is often wrong as well. Poor quality editing, for example, sometimes the book tells you to refer to something, but its the wrong table, or they add a certain element to a practice problem, but they refer to the wrong one. NOT worth 150 bucks.
Book Description
Become a better business manager with LAWS AND ETHICS IN THE BUSINESS ENVIRONMENT! Organized around a set of current controversies where law, ethics and business converge, this textbook provides the tools and practice you need to make the tough ethical choices and decisions that may confront you as a business manager. Ethics is brought to life with a wealth of interactive projects including role plays, mock trials, mock hearings, debates, roundtables, and negations.
Customer Reviews:
Good for Business.......2007-03-09
The book is very clearly outlined and easy to read. It goes it depth without unnecessary information. The cases in the back are interesting and are supplemented with plenty of visuals.
Used in MBA program.......2006-12-21
This book was used for my law and ethics class in my MBA program. The book is actually quite good in breaking down business topics and looking at the precedents that helped shape our current laws. The book is also good at applying the law to actual events such as the Enron scandal and other legal events in the past few years. While some people might say that it is a waste of time to read this book because you are not going to become lawyers, I would argue that it is important to at least have a basic understanding of some business law.
Law and Ehtics in the Business Environment.......2005-09-16
I would have to compliment the teacher that picks this book for their course. The book is interesting and easy to read. The fact that most of the cases are from real life situations makes the reading more interesting and easy to follow! Great book.
Excellent Supplement.......1998-09-23
This book provides an excellent supplement to a regular college business law text by exposing real world dilemmas, and how they were handled by the courts. Can be used to generate discussion on ethical responsibilities, sexual harassment, and some aspects of agency law.
Book Description
The banking industry affects the welfare of every other industry and the economy. Banks are the leaders of the financial-services industry as a whole, however, financial-service competitors are now challenging them more than ever before. Bank Management and Financial Services is designed to help students master established management principles and to confront the perplexing issues of risk, regulation, technology, and competition that bankers and other financial-service managers see as their greatest challenges for the future.
Book Description
Saunders and Cornett’s Financial Institutions Management: A Risk Management Approach 5/e focuses on managing return and risk in modern financial institutions. The central theme is that the risks faced by financial institutions managers and the methods and markets through which these risks are managed are becoming increasingly similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company. Although the traditional nature of each sector’s product activity is analyzed, a greater emphasis is placed on new areas of activities such as asset securitization, off-balance-sheet banking, and international banking.
Customer Reviews:
A comprehensive book on risk management from a financial institution's perspective.......2007-05-07
The text covers everything you would expect from a book about risk management: credit risk, IR risk, derivatives, securitization, etc. In my opinion the authors have done a nice job of explaining various models/concepts/ideas in a clear and concise fashion.
It's also noteworthy to mention that if you are using this book you're probably using it in a class. Head's up - the chapter problem solution keys provided by your professor from the publisher (the MSWord files the publisher distributes) contain a surprisingly large number of trivial errors here -- ie. incorrect algebra and other errors. The problems are otherwise helpful in terms of understanding the material nonetheless.
Okay.......2005-09-24
Great deal, but the edition it was listed under was the worng one. I thought I was getting the right edition, but it was an older one. It still works though.
A good entry-level book on Financial Institution Risk.......2003-09-24
Using only a minimal amount of mathematics,
Professor Saunders describes a very broad
range of risks run by a Financial Institution.
A particularly good description is given
for interest rate risk management of a
standard banking portfolio.
Excellent introduction to risk management.......2001-08-22
The book is very good and it starts describing the special nature of financial institutions and the industry. Then, in the second part you have complete chapters relating to every risk management: interest rate risk (maturity, repricing gaps and duration focuses, liquidity (e.g.maturity ladder), market risk (standarized Basel Committee and VaR approaches) credit risk (including Basel Committe standarized approach, defalult risk models like credit scoring), operating costs and technology risk, FX risk, sovereign risk.
In the last part there is a good section which describes how to manage risks , including liabilty and liquidity management,deposit insurance, capital adequacy, geographic diversification, derivatives, the new credit risk management techniques and securitization.
I had the chance to have Profesor Saunders as a risk management teacher and I only say that as his classes, his book is great. It shows you the best introduction to risk management. It discusses about financial institutions (banks, insurance and securities). That book just helped me to see financial institutions under the risk focus. I really recommend this book to understand risk management.
The Best Book on Financial Institutions. Period........2001-04-14
This is probably the best book in risk management available today. This is due to the combination of breadth and depth of the text. The author gently introduces the student to an important subject and explains with pains how to manage each and every kind of risk. The two chapters on Interest rate risk are absolutely fabulous. There is a sense of continuity because the concepts you learn in one chapter has applications in another. The problems at the end of the chapters are are also challenging and will require an in-depth understanding of the subject. This book is the ultimate.
Books:
- Principles of Financial Engineering (Academic Press Advanced Finance)
- Principles of Financial Engineering (Academic Press Advanced Finance)
- Productivity and Reliability-Based Maintenance Management
- Quantitative Trading Strategies (The Irwin Trader's Edge Series)
- QuickBooks 2007 The Official Guide
- Reading Financial Reports For Dummies
- Reinventing Strategy: Using Strategic Learning to Create and Sustain Breakthrough Performance
- Restaurant Financial Basics
- Schaum's Guideline of Managerial Accounting
- Strategic Market Management (Strategic Market Managment)
Books Index
Books Home
Recommended Books
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- Ashanti to Zulu: African Traditions
- The Economy As an Evolving Complex System, III: Current Perspectives and Future Directions
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- Among the Hidden
- 1997 Accolade Episcopal High School Yearbook Baton Rouge Louisiana
- Economic Theory in Retrospect
- The Political Economy of Fiscal Policy: Public Deficits, Volatility, and Growth
- Untitled
Corporate Finance
| Finance
| Business & Investing
| Subjects
| Books
Economics of Strategy
Valuation: Measuring and Managing the Value of Companies, Fourth Edition
Marketing Management (12th Edition) (Marketing Management)
Analysis for Financial Management + S&P subscription card
Financial Accounting: An Introduction to Concepts, Methods and Uses
Schaum's Outline of Financial Management
The Wall Street MBA: Your Personal Crash Course in Corporate Finance
Corporate Finance Demystified
Schaum's Quick Guide to Business Formulas: 201 Decision-Making Tools for Business, Finance, and Accounting Students
