Book Description
This book is a complimentary follow-on book to Operational Risk Control with Basel II. While the previous book focuses on operational risk, Economic Capital Allocation provides an overview of credit risk within the context of the Basel II accords.
The book provides:
* comprehensive coverage of the evolution of the banking industry with Basel II in mind
* extensive information on the capital requirements for bank liquidity and solvency
* coverage of the new rules as laid down by the supervisory authorities of the Group of Ten industrialized nations
* key information on the technical requirements for credit institutions such as: new credit rating scales, modeling of credit risk, control of operational risks, and, novel ways and means for the management of exposure to Credit Risk
* Basel II accords must be implemented by 2006 and require 2 years preparation for proper implementation
* Author at the forefront in the development of the Basel II Capital Adequacy Accord
* Based on intensive research in the US, UK and continental Europe
Customer Reviews:
no substance, a very quick read.......2007-03-29
i borrowed this book from a local library and is very disappointed after reading it. this book is mostly big words and no substance. there is no detailed real life or even theoretical solution to any of the problems he proposed. for example, section 7.4 is captial allocation at Deutsche Bank, sounds very intriguing, but when I actaully went to page 160, author only used less them half page to sum up Deutsche's strategy as Captial and Liquidy, no substance or detail whatsoever.
I finished this book in less than 3 hours and learned nothing except a few buzz words, and that is about it.
The previous commenter gave this book 5 star. take that 5 star with a huge grain of salt.
Read it before all the other Basel ii books.......2006-01-11
I found this to be an excellent read. It was extremely eye opening.
Chorafas focuses his attention on the processes, decisions, and actions which are needed to execute an appropriate compliance strategy effectively. His observations and recommendations are based on real-world data.
The material is carefully organized within sixteen chapters whose subjects range from "Economic Capital Defined" to "Software which can help in IRB implementations"
This text had the potential to be completely dry. Yet this book reads easily. It is well-written, understandable, and generally clear to professionals without a background in finance or economics.
Therefore, I highly recommend this book to all decision-makers and professionals responsible for compliance in all banks.
I also recommend this book to professionals who are looking to heal risk and compliance wounds from the past and present.
Well-done!
Average customer rating:
- Best Valuation Tool Available
- For valuation of nonpublic companies - A good read!
- 101 Fudge Factors For Those Ignorant of Risk Neutral Pricing
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Cost of Capital: Estimation and Applications
Shannon P. Pratt
Manufacturer: Wiley
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Business Valuation Discounts and Premiums
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Valuing A Business, 4th Edition
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ASIN: 0471224014 |
Book Description
An authoritative text on cost of capital for both the nonprofessional and the valuation expert -- now revised and expanded
In endeavoring to practice sound corporate finance, there is perhaps nothing so critical, nor slippery, as cost of capital estimation. The second edition of
Cost of Capital: Estimation and Applications combines a state-of-the-art treatise on cost of capital estimation with an accessible introduction for the nonprofessional.
This comprehensive yet usable guide begins with an exposition of basic concepts understandable to the lay person and proceeds gradually from simple applications to the more complex procedures commonly found in the marketplace. New features of the revised and expanded Second Edition include chapters on Economic Value Added (EVA) and reconciling cost of capital in the income approach with valuation multiples in the market approach, as well as expanded coverage of cost of capital in the courts and handling discounts for marketability.
Cost of Capital remains an incomparable resource for all parties interested in effective business valuation.
Customer Reviews:
Best Valuation Tool Available.......2000-12-19
Pratt took his many years of valuation experience and put it in this one book. The book reviews the theory and practice of how to derive a discount rate for use in a DCF. At present, it's the best book in print for appraisers.
For valuation of nonpublic companies - A good read!.......2000-01-31
The valuation profession has exploded among CPAs, CBAs and others who attend a few seminars and then undertake to do this complicated work. Many end up doing a shabby job, because they do not understand basic concepts of cost of capital. The understanding of aspiring business appraisers will grow from reading this book, as (I believe) mine did.
This book is NOT written by an academician (although I think I recall that Shannon has a PhD in finance). A fair example of an academician's work, reflecting a different approach and serving different needs, is Bradford Cornell's fine work on the equity risk premium.
Pratt has authored several classic books on business valuation. He has valued thousands and testified in US Tax Court, state courts and federal courts across the country. He continues to speak to business appraisers across the country. This book summarizes issues he knows need to be better understood by those of us who consult with closely held businesses.
This is a short book and an easy read, but packed with good information for those who want to better understand the cost of capital in the context of valuing small businesses.
101 Fudge Factors For Those Ignorant of Risk Neutral Pricing.......1999-05-30
This book should be titled "I do not know how to price all risks when valuing companies so here are 101 fudge factor guesses I use instead". This is the wrong way to value companies and is inconsistent with financial asset pricing theory. Look elsewhere for better resources.
Customer Reviews:
Excellent.......2007-05-06
I am not exactly sure why this book has never been reviewed. I found it in a public library. It is superb. I am doing a cost of capital project, and I happened to have checked this book out before. I found that it summed up many things from all the finance classes I have taken, including the assumptions that are always used in finance theory. Some people just take it that these assumptions are always correct. Obviously this is not so. I will not go into detail--just buy the book. I will, and this shows how it is really a good idea for an author to send out books to public libraries. I would not have known about this otherwise, and this is the first review of Amazon--which is another good source to find out about unknown books. Sometimes you can find out things from publisher's description on Amazon, but this is all very time-consuming.
Book Description
Does technology really add value? If so, when? What's the best way to quantify and maximize technology ROI? The IT Payoff gives you powerful new tools for answering critical technology investment questions. Discover where technology can add the greatest value; when to adopt new technologies; how to coordinate process and technology change, and more. Includes new metrics, hands-on templates, and a complete action plan for making smarter funding decisions!
One of the 5 Best Technology Books as cited by About.com
Download Description
Does technology really add value? If so, when? What's the best way to quantify and maximize technology ROI? The IT Payoff gives you powerful new tools for answering critical technology investment questions. Discover where technology can add the greatest v
Customer Reviews:
The IT Payoff Review.......2007-02-20
Easy to read book. Get's straight to the point. However, the case studies are out of date. A new, updated version is needed!
The IT Payoff: Measuring the Buiness Value of Information Technology Investments.......2006-11-10
Practical methodogy was introduced, it provides specific templates, metrics, and tools for making funding and IT investment decisions. It should be recommended reading for IT executives and managers.
The book is great however . . . . ........2005-05-07
The content appears to be good however I made the mistake of buying the digital e-book version without knowing that there is a form of protection that doesn't permit printing to paper.
The only reason I purchased it in this format was I needed it very quickly (I'm in Australia) for an assignment due this week so I can PRINT the book out, read it now and while travelling to and from work.
What a bloody shame. Amazon - why don't you highlight the above fact at least against all applicable e-books you sell so that the customer knows before he/she splurges any money instead of hiding it in a help or FAQ file. Last time I'll buy an ebook from here or anywhere where I can't print it out.
Great articulation of issues, poor analysis of solutions.......2003-10-30
I have trouble in understanding how this book got such positive reviews. I found it to provide a very eloquent and succinct description of the issues, but nothing very insightful in terms of solution, or recommendations. The model they present is obvious to the point of uselessness, and does not offer any real help in how to evaluate investments more effectively. Specifically what is missing for me is that the authors are still tied to the world where the IT project deliverers take no responsibility for the business (financial) outcome of their work. What I'm looking for is a proposal for model of IT projects that brings the business value into the heart of the project methodology, rather than as a parallel exercise.
In summary the book is painfully academic with fleeting references to a small number of case studies. This is a book that brings nice introduction to the issues for a student, but is of no value to the practitioner. This is an important area and it deserves more.
Fantastic Work.......2003-07-23
Clearly written, conveys the essence of making IT worthwhile. This book makes be believe in the long term promise of IT.
I particularly like the practical applications and references to successful methods. This book provides well grounded and leading edge, yet practical, methods to improve IT returns.
Overall, this book gives a clear road to increasing the value of the IT investment. Each organization should weigh which aspects to apply in its practices.
The main method is the age-old concept of measure what you want to manage. The book builds extensively on this concept and provides clear direction.
Although the manage by facts and measure, measure, measure themes are common in business thought, the proper application to the issues in corporate IT are insightful.
The pedigree and background of the authors is impressive. Combined with their experience and demonstrated rigour, this gives the book a basis of actionable credibility.
I highly recommend this book to anyone responsible for IT outcomes and return on IT investment.
Book Description
Technological advances and rapid changes in workforce demographics pose extensive challenges to human resources program evaluators. But little has been done to document successful human resources program assessment and implementation strategies.
The Human Resources Program-Evaluation Handbook is the first book to present state-of-the-art procedures for evaluating and improving human resources programs. Editors Jack E. Edwards, John C. Scott, and Nambury S. Raju provide a user-friendly yet scientifically rigorous "how to" guide to organizational program-evaluation. Integrating perspectives from a variety of human resources and organizational behavior programs, a wide array of contributing professors, consultants, and governmental personnel successfully link scientific information to practical application.
Offering authoritative guidance to both novice and experienced program evaluators, this unique guidebook includes
- New perspectives on organizational program-evaluation
- Methods to assess the efficiency of human resources programs
- Identification of potential pitfalls
- Real-life examples
- Additional references for program-evaluation best practices
The Human Resources Program-Evaluation Handbook provide program-evaluation teams with content-specific guidance. Supplying useful and accurate evaluation techniques, the editors present a manual for enhancing the effectiveness and efficiency of most major types of human resources programs.
Designed for academics and graduate students in industrial-organizational psychology, human resources management, and business, the handbook is also an essential resource for human resources professionals, consultants, and policy makers.
Average customer rating:
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Techniques for Capital Expenditure Analysis (Cost Engineering)
Thorne
Manufacturer: CRC
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ASIN: 0824790847 |
Book Description
This work examines the most important techniques for analyzing the profitability of capital investments. It discusses time value mechanics and financial concepts, including discounted cash flow, return on investment, incremental analysis, cash flow tables, income taxes, depreciation, cost of capital and risk analysis. It provides a broad introduction to project evaluation and data needs.;This book is intended for: cost, project, design, mechanical, chemical, industrial,electronic,electrical and construction engineers; project and budget managers; cost estimators and controllers; planners and schedulers; and upper-level undergraduate and graduate students in these disciplines.
Product Description
Do you wish you could plan more effectively for the changes you anticipate for your organization's financial situation? Do you believe better budgeting would reduce your stress and help you to plan for the future? Renaissance 5205 will help you to prepare budgeted financial statements, including income statements, balance sheets, and cash flow statements. It will also show you how to draft a capital plan for new developments and for re-investment in your organization.
Renaissance 5205 will improve your understanding and mastery of the budgeting process. It will bring more direction and clarity to your expectations for the future. ++++++++++
Major topics: Understanding Budgeting Basics ***** Creating an Operating Budget ***** Creating a Budgeted Balance Sheet ***** Creating a Cash Budget ***** Creating a Capital Budget ++++++++++
Book Description
This volume provides a thorough exposition of the theory relating to the cost of capital--a core subject in academic finance and also of genuine practical importance. Any serious attempt to value a business requires an estimate of its cost of capital. This book explains models and arguments in a way which does justice to this reasoning, while minimizing the prior knowledge of finance and maths expected of the reader. It is intended primarily for students at advanced undergraduate levels.
Customer Reviews:
Very useful for both, practitioners and academics.......2007-02-07
A very interesting book indeed. If you are an academic economist or a well-trained practitioner, nothing in the book will surprise you... except the whole picture. The author has an excellent job in putting all things together in a very coherent and clear way.
Book Description
Should we kill murderers? Do executions deter potential murderers, save money, and inspire respect for the law? Or, is the death penalty cruel and immoral, expensive and discriminatory?
Just Revenge presents a groundbreaking analysis of the complex and contentious issue of capital punishment. Mark Costanzo looks beneath stale, abstract arguments and shines a bright light on the reality of how the death penalty is actually used and what we really accomplish by executing murderers. This eloquent, clear-headed, and insightful book systematically strips away every argument offered up in support of capital punishment. The author ably summarizes evidence about the usefulness of capital punishment and places the practice of killing murderers in historical, political, and moral context. Just Revenge uses diverse sources of information--including trial arguments, murder rates, case histories, economic and demographic data, survey findings, and quotes from defendants, politicians, and the families of victims--to expose the extravagant costs, illusory benefits, and disturbing consequences of the death penalty. No matter how you feel about capital punishment, or even if you're not sure how you feel, this is the book to read.
Customer Reviews:
Just Revenge.......2007-10-02
This was a good and concise publication in opposition to capital punishment. It presented good arguments from various angles as to why the death penalty should be abolished. It would definitely be a great tool in a college classroom.
Thought provoking.......2006-04-12
This book clears up a lot of misconceptions about the death penalty. It discusses all the arugments, pro and con. It is well researched and documented to back up its assertions. No matter your view on capital punishment, you should read this book.
Deep in the Heart of Texas.......2002-05-16
This book was the most useful tool I have ever encountered for organizing my thoughts and arguments against capital punishment. Even if you don't read the book, this book is worth the cost simply for the extensive bibliography at the end which can further help your personal research. He dispels many myths about the death penalty (cost, deterrance, public opinion) while presenting a strong ethical argument against it as well. Anyone who truly analyzes this compelling evidence cannot help but be swayed to his way of thinking.
it's ok.......2001-07-19
I think the book is fine and it helped me in my debate. Lotsa details and good information and refutations against the death penalty. I read one review about the person who stood six hours and read it. Even though I'm on his side and am a believer in nothing, his argument is wrong about how Christians are commanded not to kill. Didn't God command the Israelites to kill many people when they went into the "promised land"? The commandment reads Thou shall not murder, not kill as my grandpa explained to me. I think he needs to do more research. But i agree that killing is wrong, be it by state or whatever. I recommend this book to all who are researching about this topic, but remember to use other books as well.
Interesting.......2001-07-12
This book helped me out so much with my research paper that I was doing on Capital punishment. I am in 10th grade,pro-life and, believe that everybody can change, even murderers. They don't deserve to die. I'm not a bible believing person or anything, but if the bible is about love, than why do I see so many bible experts supporting the death penalty? God has never commanded anyone to kill...has he? I wish the author would touch on the bible and how it relates to the death penalty more instead of the history of it. I think we should give death row inmates more chances to change their ways. Maybe if we set them free and trust them, than they would change. I would not be afraid of living with Ted Bundy even after he did all those cruel things to girls. The U.S. gov't is dumb in keeping the death penalty. Therefore, if we dd not have the deah penalty system, crime rate would decrease. They need to read this book so their attitudes will change. Killing is wrong.
Book Description
Value Based Management brushes aside the often-confusing amalgam of quick-fix management potions, and gives you tested tips and strategies designed to turn your company into an equity-enhancing machine. This long-awaited book describes how, once you have seen and tried the hundreds of different management theories that abound today, one goal will always remain: Enhancing Shareholder Value. Companies that focus on creating and building value become focused, goal-oriented, and successful at building the powerful business machines that are required in todayÕs give-no-quarter competitive environment. Performance measurement consultant James A. KnightÕs eye-opening book provides convincing proof that strategies designed to maximize shareholder value can benefit everyone involved. With its clear-cut diagrams, explanations, and case histories, Value Based Management demonstrates how every decision your management team makes can consistently create shareholder value. Its comprehensive benefits include a clear definition of the nature of corporate value, and how the act of enhancing it can create positive reverberations throughout the entire company; examples of companies that have successfully managed for value and how they have done it, alongside examples of companies that failed to manage for value and how you can avoid their pitfalls; and explanations of how Value Added Management creates the optimal balance between short and long term decisions, and helps your managers balance the trade offs between improved levels of profit and greater growth. Like so many journeys, the toughest step when focusing your company on Value Management is the first step. Take that first step today! Read Value Based Management, focus on the strategy and business questions it raises, then think about how its solutions can be tailored to fit your company. Once you have begun to implement Value Based Management your shareholders, along with your customers and employees, will recognize and reap the profitable benefits of a value based corporate mindset.
Customer Reviews:
Excellent introduction with detailed solutions.......1999-04-27
I've watched the words "Shareholder Value" creep into our business vocabulary over the past decade or so, and I've heard many explanations of how to optimize it. Unfortunately, there about as many definitions and techniques for measuring and managing it as there are books on the subject. I've read many of these other texts and worked with the other consultants Mr. Knight mentions in his book. But none of them have approached the precision and clarity of this book. Mr Knight starts with why management should understand the shareholder's needs and the proper methods for addressing those needs, then he takes the reader logically through all the steps (including the subtle nuances) of implementing such a program. There is no more comprehensive nor better written book on this subject on the market. If only Mr. Knight had written his book 10 years ago, many of us would have been saved from endless hours of vague and confusing meetings about what we were really trying to accomplish.
A very basic point of view.......1999-03-10
I expected much more of it. Very basic in it's assesments and definition. I cannot get a real signification of EVA until chapter 6. Good for earliers beginners not awaiting for much academic support
A must read book for companies striving for value creation.......1998-07-14
This book shows how to develop and implement strategies regarding value creation for shareholders. It has a very good mix of theory and business cases. The core aspect of this book is the theory behind the imperative link of: Strategic Planning, Budgeting, Financial Reporting and Incentive Compensation. This theory is tested against many sucessful business cases. The author also shows why some companies fail after incomplete or wrong assumptions on the value based management implementation.
Books:
- Economics of Money, Banking, and Financial Markets, Update (7th Edition) (Addison-Wesley Series in Economics)
- Economics of Money, Banking, and Financial Markets, Update (7th Edition) (Addison-Wesley Series in Economics)
- Effort-Less Marketing for Financial Advisors
- Entourage
- Entrepreneur's Notebook: Practical Advice for Starting a New Business Venture
- Equipment Leasing, 4th Edition
- Exceeding Customer Expectations: What Enterprise, America's #1 car rental company, can teach you about creating lifetime customers
- Execution: The Discipline of Getting Things Done
- Financial and Actuarial Statistics: An Introduction (Statistics: a Series of Textbooks and Monogrphs)
- Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts, and Applications
Books Index
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Managing Bank Capital: Capital Allocation and Performance Measurement, 2nd Edition
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Economic Capital: A Practitioner Guide
