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This book provides a comprehensive discussion of the issues related to risk, volatility, value and risk management. It includes a selection of the best papers presented at the Fourth International Finance Conference 2007, qualified by Professor James Heckman, the 2000 Nobel Prize Laureate in Economics, as a ""high level"" one. The first half of the book examines ways to manage risk and compute value-at-risk for exchange risk associated to debt portfolios and portfolios of equity. It also covers the Basel II framework implementation and securitisation. The effects of volatility and risk on the

Risk management --- Valuation --- Appraisal --- Capitalization (Finance) --- Economic valuation --- Property --- Accounting --- Management --- Finance --- IFC --- Asset pricing --- Value

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This Pivot book focuses on both the essentials of asset management and current industry trends, specifically the development from an active management approach to a focus on ESG investments. The first part of the book outlines the dynamics that have traditionally characterised the asset management industry, including the distinction between active and passive portfolio management, the emergence of Exchange Traded Funds (EFTs) which have dominated portfolio allocation over the last 25 years, and the growth of the factor investing approach. It then explores how ESG principles have evolved into a primary focus for investors over the last few years, and how the growing importance placed on the establishment of homogeneous ESG criteria across companies now involves investors and asset managers as well as regulators. The final section of the book considers climate finance as a new challenge for asset management, which insists on portfolio choices that aim to mitigate the effects of climate change. This book offers new perspectives on the academic debate around differing investment philosophies as well as offering an empirical analysis of ESG benchmarks used across the industry. It will be of interest to academics and practitioners in finance and banking broadly, including those working in climate finance, investment behaviour, and corporate governance. Enrica Bolognesi is an Associate Professor of Financial Markets and Intermediaries in the Department of Economics and Statistics of the University of Udine. She is the Director of the Bachelor’s and Master’s Degrees in Banking and Finance. Previously, she worked in the asset management industry as equity portfolio manager.

Financial services industry. --- Valuation. --- Financial risk management. --- Financial Services. --- Investment Appraisal. --- Risk Management. --- Risk management --- Appraisal --- Capitalization (Finance) --- Economic valuation --- Property --- Accounting --- Services, Financial --- Service industries --- Valuation

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This book focuses on the valuation needed to apply IFRS (International Financial Reporting Standards), and provides coverage of financial instruments – indeed this is the starting point of the exposition. The book adopts a logical sequence where models of financial instruments are explained first and models of other assets (such as property, an enterprise, or multiple intangibles) are presented as extensions. The book uses mathematical notation in presenting many of the models, but the focus is on application rather than proof. The mathematics is presented at a level that assumes sufficient background in high school algebra and coordinate geometry, prior knowledge of elementary probability, and a knowledge of basic statistics. Readers should also be aware of what linear regression does and should be able to run a regression and interpret the output. Calculus is not assumed. The models discussed almost always require a computer to apply. However, the emphasis is on understanding the models rather than learning computer skills, especially in the case of financial instruments.

Valuation. --- Appraisal --- Capitalization (Finance) --- Economic valuation --- Property --- Accounting --- Valuation --- Accounting. --- Bookkeeping . --- Accounting/Auditing. --- Double entry bookkeeping --- Business --- Business education --- Accountancy --- Business enterprises --- Commerce --- Commercial accounting --- Finance --- Financial accounting --- Bookkeeping --- Bookkeeping.

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This book aims at providing an empirical understanding of the main drivers affecting investors’ preferences in financing new ventures through equity crowdfunding (ECF) and determining fundraising campaign success. ECF is increasing in prominence as a route for new ventures in obtaining external financial resources. To raise capital, entrepreneurs are required to convey quality signals of their proposals with real-time information and knowledge sharing. This book advances knowledge in entrepreneurial finance by investigating the factors that affect individuals’ decisions to participate in ECF. The authors adopt a data mining approach to extract publicly available information from a multitude of crowdfunding platforms across different countries, producing a unique dataset. The book uses an innovative hybrid analysis to generate knowledge patterns creating data-driven models on one hand, and on the other test research hypotheses adopting statistical models to investigate empirical evidence in line, or in contrast, with the extant literature. The book also integrates organizational theories to examine the extent to which ECF platform managers follow a strategy of isomorphism in their choice of information disclosure. The final part of the book discusses how signals are interpreted by investors, how these affect financing preferences, and ultimately the successful completion of a fundraising campaign. The book will be of interest to academics and practitioners in entrepreneurial finance, FinTech, and investment behaviour. Francesco James Mazzocchini, Ph.D., is postdoctoral research fellow in Banking and Financial Markets at the Department of Management, Marche Polytechnic University – Italy. His scientific interests are in the fields of behavioural finance, decision-making under risk, FinTech, innovative financing, and entrepreneurial finance. Caterina Lucarelli is Full Professor of Banking and Financial Markets at the Department of Management, Marche Polytechnic University – Italy. Her scientific interests are in the fields of market microstructure, investors’ behaviour, decision-making under risk, gender diversity, entrepreneurship and sustainable finance. Since 2007, as National Coordinator of a Research Project supported by the Italian Ministry of University and Research, she has cooperated with psychologist and neuroscientists to study individual risk tolerance.

New business enterprises—Finance. --- Financial engineering. --- Economics—Psychological aspects. --- Valuation. --- Econometrics. --- Entrepreneurial Finance. --- Financial Technology and Innovation. --- Behavioral Finance. --- Investment Appraisal. --- Economics, Mathematical --- Statistics --- Appraisal --- Capitalization (Finance) --- Economic valuation --- Property --- Accounting --- Computational finance --- Engineering, Financial --- Finance --- Valuation

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“This important book breaks new ground in an important emerging area of research and practical applications. The comprehensive approach will help improve corporate and economic governance in a world that is facing severe ecological and related crises. Therefore, this is a most timely contribution.” —Haider A. Khan, John Evans Distinguished University Professor & Professor of Economics, University of Denver “Presenting the perspectives of two people who are the embodiment of Africa, this book makes an important contribution to the debate on this increasingly urgent subject. I thoroughly commend the authors for their honesty and their desire to present an African perspective to a conversation quite often led by those that the subject matter least affects.” —Jeff Quartermaine, CEO and Managing Director of Perseus Mining Limited “Very important book on ESG, enlightening analysis of Africa and the world’s ESG challenges and a study BADEA’s staff have already practically benefitted from during several years’ of association with the authors.” —Honourable Dr Sidi O. Tah, Director General & CEO, Arab Bank for Economic Development in Africa (BADEA) “ESG is essential for survival in Africa and beyond the continent. No one can be left out of the equation. This book very clearly explains the need for serious attention.” —Rockson Dogbegah, Chairman, African Corporate Governance Network & President, Institute of Directors Ghana Karamo NM Sonko has more than 20 years of experience in CSR, environmental oversight, government relations and corporate governance. He is Chairman, Heeno International; CEO, Jula Consultancy FZE; Chairman, Taf Africa Global; Strategic Adviser to the Managing Director & CEO, Perseus Mining; and Chairman, WellBoring (West Africa). He has worked at the UN and IMF and taught at five universities in Canada, France and the USA. Mariama Sonko has a bachelor’s degree from the Paris Sorbonne (Abu Dhabi campus) and a Master of Science (with Distinction) from Heriot-Watt University (Dubai). She holds postgraduate certificates from the Cambridge Judge Business School, in Circular Economy and Sustainability Strategies, Cambridge Institute of Sustainability Leadership, in Sustainable Finance, and Harvard Business School, in Financial Leadership. She is Sustainability Adviser at Jula Consultancy.

Development economics. --- Africa --- Sustainability. --- Valuation. --- Development Economics. --- African Economics. --- Investment Appraisal. --- Economic conditions. --- Economics --- Economic development --- Sustainability science --- Human ecology --- Social ecology --- Appraisal --- Capitalization (Finance) --- Economic valuation --- Property --- Accounting --- Valuation