Økonomi og finans

Responsible Finance and Accounting positions itself as a key pillar in tomorrow's better world for business, society, and planet.

Updated edition of the definitive guide to investment valuation tools and techniques Investment Valuation: Tools and Techniques for Determining the Value of Any Asset delves into valuation techniques for a variety of different asset classes, including real options, start-up firms, unconventional assets, distressed companies and private equity, real estate, and many more, and explains how to choose the right model for any given asset valuation scenario. The models are presented with real-world examples so as to capture some of the problems inherent in applying these models, with discussion of differences and common elements between the models to provide readers with a holistic understanding of the subject matter. Written by a professor of finance who is widely regarded as one of the best educators and thinkers on the topic of investment valuation, this newly revised and updated Fourth Edition explores topics including: Understanding financial statements, the basics of risk, and tests and evidence for market efficiency Estimating risk parameters and costs of financing, terminal value, and equity value per share Using scenario analysis, decision trees, and simulations for probabilistic approaches in valuation Investment Valuation: Tools and Techniques for Determining the Value of Any Asset is an essential resource for all investors and students of financial markets seeking an all-in-one guide to expand their valuation knowledge and make better investment decisions.

Unlock the future of finance with Blockchain, Crypto, and DeFi Step into the realm of blockchain and cryptocurrency like never before with Blockchain, Crypto, and DeFi: Bridging Finance and Technology. Crafted by Marco Di Maggio, not just a Harvard Professor of Finance but an esteemed advisor to giants like Coinbase, this is your roadmap from foundational theories to cutting-edge applications. This is far from an academic discourse detached from reality; it seamlessly integrates theory with practice through detailed case studies and practical coding tutorials. Navigating the digital landscape today demands more than just passing familiarity with the latest technologies. Delving deep into blockchain and cryptocurrencies has become a pivotal skill set for anyone looking to thrive in this constantly shifting digital era. Whether you're a student aiming for a career in finance and technology, an academic seeking to expand your knowledge base, or a professional looking to stay ahead of the curve, this textbook offers unparalleled insights into the mechanics and implications of blockchain technologies. What Sets This Book Apart: Expertise Beyond the Classroom: Direct from the boards of the crypto world's titans, this book offers comprehensive coverage ensuring the book stands as an indispensable industry reference. Theory Meets Practice: Engage with complex blockchain concepts through practical case studies and coding tutorials. Learn, Build, Invest: Equip yourself to navigate the industry as an investor, entrepreneur, or innovator. Master the art of assessing protocols, crafting your own, and seizing opportunities in the blockchain and crypto space. Wit Meets Wisdom: Enjoy the journey with a narrative that combines profound insights with a witty tone, ensuring both enlightenment and entertainment. Blockchain, Crypto, and DeFi is not just a textbook but a journey into the heart of digital finance, marked by Di Maggio's engaging style and deep expertise. Accompanied by additional online resources, including slide decks and tutorials, this book is your go-to resource and your gateway to mastering the blockchain revolution. Embark on your blockchain adventure today.

Australia's best-selling guide for smart investing in the sharemarket When it's time to invest your earnings, you need accurate, trusted guidance that will weather cycles, outlive fads, and stand the test of time. In this 31st edition of Top Stocks, market expert Martin Roth gives you the essential knowledge you need to grow your portfolio and profits. An invaluable resource for novices and professionals alike, Top Stocks 2025 shares the clear, objective information and tried-and-tested techniques you need to make right picks -- and get more for your money. With well-defined criteria and rigorous analysis, you'll form a clear picture of which companies offer low-risk, long-term value. You'll see beyond the hype, the pricing, and the punditry. With Top Stocks 2025, you'll become an expert at evaluating the best of the Australian sharemarket, using concrete factors like profitability, debt levels, and dividends. Detailed, unbiased analysis of the latest results from top Australian companies Comparative sales and profits data as well as in-depth ratio analysis Tables that rank all companies according to financial data Comprehensive research exploring each company's overall outlook With numerous charts and tables that provide easy reference to essential company data points, Top Stocks 2025 is the jargon-free, up-to-date, go-to guide you need to make wise decisions for your wealth.

Do you want to know how to integrate environmental, social, and governance (ESG) data into business valuation? This book will help you do so step-by-step.The book primarily aims at reaching two types of audiences: practitioners and students in finance (graduate and undergraduate level). Practitioners in finance will find interest in the book, as it will give them access to academic knowledge in a format that suits them. Academic research has made substantial advances in the field of business valuation and ESG. The book intends to transform this knowledge into practical and rigorous methodologies for taking ESG into account when valuing a company. Graduate and undergraduate courses have recently developed in business schools, universities, and engineering schools. These courses usually directly refer to academic articles or valuation companies' website documentation, but not to academic books. Therefore, the book will allow students to have access to centralized and organized information about business valuation and ESG.Readers without prior knowledge of business valuation will be guided through the ESG integration process. They will first be introduced to the concept of value and the reasons for incorporating ESG into the value. They will then learn simple financial methods to value firms and see step-by-step use cases. For instance, the reader will learn how to value a firm in the renewable energy sector using cash flow and multiple valuation methods. After building knowledge of standard business valuation, readers will better understand ESG data and ratings. The reader will then learn how to integrate ESG into business valuation using cash flow and multiples approaches. Again, the reader will be able to replicate these methods as the book will provide practical cases for integrating ESG data in business valuation. Finally, for the readers that intend to go a bit further, they will learn about the academic research advances in ESG and businessvaluation.

This textbook provides a comprehensive introduction to portfolio management and investments. Focusing on four core areas ¿ portfolio management, equities, bonds, and derivatives ¿ it is primarily intended for undergraduate and graduate students alike. However, it will also benefit practitioners working in the fields of financial analysis and portfolio management and professionals who aspire to such professional activities in the financial industry. To ensure its high practical relevance, the book includes a host of case studies and examples from real-world practice, mainly from the German and Swiss financial markets. Additionally, the book shows how to implement the models in Microsoft Excel.

The rise of China poses a significant challenge to the existing, Western-dominated world economic order. The effectiveness of the Regional Comprehensive Economic Partnership (RCEP) is contingent on a smooth transition of the world¿s economic center toward the Asia-Pacific Region. For Western investors, the vast market opportunities can be tempting. However, the lack of experience and knowledge of international management in China ¿ a country with radically different business rules and cultural background ¿ poses a substantial risk.This book provides comprehensive insights into the fast-changing business world in China. Based on the authors¿ theoretical knowledge and invaluable years of practical experience, it discusses the various options for doing business in China, with current examples that demonstrate how European SMEs can successfully position themselves between multinational companies and local competitors. It also highlights new opportunities arising from Chinäs international involvement (New Silk Road, RCEP) and addresses risk management for European SMEs operating in China. Moreover, it sheds light on how to form relationships of mutual trust between Chinese policymakers and their advisors/cooperation partners from abroad.Readers with an interest in doing business in China will find this book particularly valuable.

In the COVID 19 post-pandemic era, sustainable financial systems are increasingly getting the attention they deserve, and policymakers are now moving toward investment and financing decisions based on sustainable development. Green finance plays an important role in mobilizing financial resources and hedging against environmental risk to achieve financially sustainable systems. Moreover, green financial instruments offer viable alternatives for investors and regulators with regard to portfolio management and risk minimization. Over the last few years, financial technology (FinTech) has grown to become one of the most topical areas in the global financial services industry. The development of distributed ledger technology, big data, smart contracts, peer-to-peer lending platforms, biometrics, and new digital has sparked innovation in the financial services industry and the development of new financing and investment strategies. The combination of sustainability and FinTech can help policymakers to achieve ESG targets when making investment and financing decisions.This book showcases a collection of recent advances in green finance and FinTech and explores their impact in achieving sustainable finance, investment strategy-making, and portfolio management. Presenting theoretical frameworks and the latest empirical studies in the field of green finance and FinTech, it offers a valuable asset for academics, professionals, policymakers, regulators, and investors who want to understand in-depth the impact of green finance and FinTech on future investment and financing strategies in the post-pandemic era.

This textbook is an introductory guide to applying behavioral sciences and systemic thinking into public policy design and implementation. It presents an innovative public management toolkit to handle 'wicked' social problems - those not very responsive to traditional public policy instruments - by incorporating insights from the behavioral sciences and systemic design in the diagnostics of public problems, based on the motivations and constraints of the 'real citizen' - beyond the ideal citizen's perfectly rational intentions and plans devoid of social context or self-control problems.This volume aims to motivate the inclusion of broader and deeper insights from the behavioral sciences - especially behavioral economics, cognitive psychology, and social psychology - to the repertoire of public managers by introducing new methodologies for diagnosing the root causes behind public problems and for designing effective policies to address them. The new diagnosis tool - theMSI framework (an acronym for Motivation, Self-control, and Inattention problems) -, will help identify new mechanisms underlying social problems or reinterpret known problems based on behavioral insights. The new methodology for policy design - the PRIx framework (an acronym for Pricing policies, Regulatory policies, and Information policies) -, will enrich existing policy tools with such behavioral insights.Behavioral Insights for Policy Design: A New Framework for Understanding Wicked Social Problems and Designing Policies for Real Citizens will be a useful and practical guide to public managers and students of graduate and advanced undergraduate courses in public management interested in learning how to apply innovative tools and methodologies inspired by the behavioral sciences into public policy design in a simple and practical way, even when dealing with complex social problems.

Responsible Firms: CSR, ESG, and Global Sustainability examines global contemporary models of the "responsible firm", investigating how broader social responsibilities are, or are not, integrated and proposing new concepts and frameworks to improve.

By studying little-known Japanese historical documents and corporate records, and focusing on the less-researched vegetable oil and industrial uses of soy, this book provides a better understanding of how this traditional Asian food was transformed into a global commodity embedded in contradictions.

This textbook begins by introducing the concept of the time value of money and explaining how it is applied in valuation. It then uses practical and easy-to-understand examples to illustrate the application of the time value of money concept in valuing cash flows, annuities, and perpetuities. This is followed by an in-depth discussion of the firm's financing sources and the determination of its cost of capital. The remainder of the textbook discusses the valuation of fixed-income securities, equity assets, and the firm, featuring specific examples and case studies from South Africa, Europe, and the Americas. Equity asset and firm valuation approaches discussed include variants of single and multiple-stage growth dividend discount models, free cash flows, residual income, and multiple valuation approaches. The practical examples and case studies equip students with the tools they need to apply these valuation approaches.  Aimed at upper undergraduate and postgraduate accounting and finance students, this textbook discusses in which context each valuation approach is most appropriate.  Electronic supplementary materials are available online by chapter.Vusani Moyo is an Associate Professor at the University of Venda, South Africa. He holds a PhD in Financial Management Sciences from the University of Pretoria, an MSc in Finance from the University of Leicester School of Management, an MBA in Finance from the University of Manchester Business School, and a BA (Hons) in Accounting and Finance (First Class) from the University of Derby. Vusani is also a Chartered Certified Accountant, a Chartered Management Accountant, and an ICAEW-Chartered Accountant. His current research interests include the capital structure of African financial and non-financial firms, cash flow sensitivity of cash, green banking, green finance, investment cash flow sensitivity of cash, cost of capital, dividend policy, and firm and equity asset valuation.

This book bridges the gap between theoretical and empirical understandings of the informal sector to provide insight into the role of the informal sector within the development process. By analysing three economic sectors, it sets out a framework for analysing urbanisation, rural-urban migration, agriculture- industry relationship, income inequality, structural change, employment, and optimal growth. Through highlighting the economic contribution of the informal sector, its impact on the national output and influence on the labour market is shown, alongside how employment opportunities in the informal sector drive rural and urban migration.This book presents a nuanced understanding of the dynamics of the informal sector and its role in the development of economies. It will be of interest to researchers and policymakers working within development economics and growth economics.

What is it really like to run an accountancy practice? Have you got what it takes? Are accountants really 'boring?' Nick's debut book explores the day-to-day worries, and shares humorous stories of both working in and running an accountancy practice.

This Rapids book's purpose is to discover and review the many relationships that maintenance will need to foster daily if it is to become best in class.

This new edition has been revised and expanded with new drawings to give the reader a complete picture of HVAC and heat pump systems.

A systematic rethinking of financialization, which explores how financial capitalism - especially the asset management industry - is organised, how the locus of power has shifted from public to private authority, and how its consequences have defined finance's societal purpose.

World-renown urban engineering expert Sybil Derrible reveals the behind-the-scenes machinations of the foundational systems that make our societies function. After reading The Infrastructure Book, readers will never look at a city the same way.

Big brands are the gods of today's world, and the algorithm is their gospel. What makes the cult marketing vortex so attractive to otherwise smart people, and how does online manipulation render us victim to the dangerous whims of digital companies, corporations, and conglomerates? Hoodwinked reveals the new world of digital marketing where steady, seductive tactics once used by spiritual charlatans are now applied to sell everything from toothpaste to apps and even political leaders. Companies have discovered that us consumers are lured by sophisticated and deceptive marketing techniques, like sensory marketing, cult branding, influencers, and AI programmed to induce maximum anxiety. Combined with behavior-modifying apps and persuasively designed UX that compels us to buy things we don't need or cannot afford, goods and services like prestige education, fitness trackers, makeup, and those viral leggings from American Eagle seem like must-haves rather than luxury extras. Aided by algorithms and buoyed by the greed of social media CEOs, marketers use the same deceptive and emotionally manipulative tactics that cults do, including scarcity, an all-encompassing ideology, and a charismatic leader. Once indoctrinated, consumer-followers become ensnared in the perfect capitalist loop: anxiety-purchase-anxiety-purchase-anxiety-purchase. Then, social media appearances reinforce the cycle of purchase, performance, and panic.Using memorable real-life cautionary tales, Dr. Einstein narrates how smart, sensible people are sucked into the cult marketing vortex and, importantly, what enables them to get out. Protection comes from understanding the scope of the problem and knowing how to spot the many pervasive tactics used. Combining industry interviews, advertising campaign analysis, and business and scholarly research, Hoodwinked offers an insider's view into how marketers co-opt our emotions in the name of corporate profits. Armed with this information, readers can learn to spot cult-inspired marketing so they can decide how, or if, they should engage with it.

This book offers a narrative commentary, along with a series of previously unpublished papers that the author presented during the 1970's, at Accounting Research workshops at the University of Chicago, as part of his dissertation research, that ultimately led to one of the bedrock papers in the field of the economics of auditing.

The book is a Classical Liberal response to the way leading economies have been (mis)managed in the last three decades and the principles and models that have guided such policies, particularly since the outbreak of the Global Financial Crisis in 2007-09, which has resulted in enlarged government deficits and public debt.

This book is an indispensable resource for accounting professionals, academics, and anyone interested in the global standardization of financial reporting.