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The Stock Market Cliff Pratten (University of Cambridge)

The Stock Market von Cliff Pratten (University of Cambridge)

The Stock Market Cliff Pratten (University of Cambridge)


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Zusammenfassung

The Stock Market describes and assesses theories of the determination of the level of and fluctuations in share prices. The practices of fund managers, who now dominate activity on the stock market, are analysed and related to Keynesian theories.

The Stock Market Zusammenfassung

The Stock Market Cliff Pratten (University of Cambridge)

The Stock Market explains the instability of stock market prices. It describes and assesses theories of the determination of the level of, and fluctuations in, share prices. The practices of fund managers, who now dominate activity on the stock market, are analysed and related to Keynes's theories. Keynes's analysis of the stock market was at the heart of his explanation of economic instability and it is apt to reassess his theory at a time when economic instability is greater than at any time since the 1930s. The book provides a wealth of information about the operations of the stock market and returns on investment.

The Stock Market Bewertungen

'... the book is unusual, and welcome, in providing a wealth of new information on the behaviour of an important class of market professional, the investment fund manager'. Terence C. Mills, Economic Affairs

Inhaltsverzeichnis

Introduction; Part 1. Theory: 1. Keynes's explanation for the instability of share prices and investment; 2. The Efficient Markets Hypothesis; 3. Other explanations for the volatility of share prices; Part II. Markets and Returns on Investment: 4. The volatility of share prices; 5. The slow growth of real dividends; 6. The underevaluation of equities; 7. The property market; Part III. The Survey: 8. The sample of institutions; 9. The allocation of investments; 10. Selection of shares; 11. Market makers and views of the market; 12. Competition between fund managers and investment strategies; Part IV. OTHER EVIDENCE: 13. Keynes as an investor; 14. The performance of fund managers; 15. The Press; Part V. Conclusions: 16. Keynes's propositions, the efficient Markets Hypothesis and bubbles; 17. Implications of the study; 18. Are equities undervalued.

Zusätzliche Informationen

GOR001763616
9780521440653
0521440653
The Stock Market Cliff Pratten (University of Cambridge)
Gebraucht - Sehr Gut
Gebundene Ausgabe
Cambridge University Press
1993-10-07
226
N/A
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