References

1. Portfolio Management BKM: Bodie, Kane and Marcus, Investments, McGraw-Hill, International 2008, 7th edition Sharpe, Alexander and Bailey, Investments, Prentice-Hall, 1999, 6th edition

SAB:

SOLNIKM: Bruno Solnik and Mcleavey, International Investments, AddisionWesley, 2004, 5th edition GK: Grinold and Kahn, Portfolio Management, Probus Publishing, Chicago, Cambridge (U.K.) Blake, D. (2006): Pension Finance. Scherer, B. (2003): Asset and Liability Management Tools Fabozzi, F.J. (1999): Investment Management Leibowitz, M.L.; L.N. /Bader & S.K. Kogelman (1996): Return Targets and Shortfall Risks. Muralidhar, A.S. (2001): Innovations in Pension Fund Management.

B: S: F: LBK:

M:

2. Equity Valuation and Analysis SAB: Sharpe, Alexander and Bailey, Investments, Prentice-Hall, 1999, 6th edition Brealey and Meyers Allen, Corporate Finance, McGraw-Hill, International 2006, 8th edition Bodie, Kane and Marcus, Investment, McGraw-Hill, International 2008, 8th edition

BMA:

BKM:

SOLNIKM: Solnik and Mcleavey, International Investment, Addision-Wesley, International 2004, 4th edition

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3. Bond Valuation and Analysis SAB: Sharpe, Alexander and Bailey, Investment, Prentice-Hall, 1999, 6th edition Bodie, Kane and Marcus, Investments, McGraw-Hill, International, 2008 7th edition Fabozzi Frank, J., Bond Markets, Analysis and Strategies, Prentice-Hall, International 2007 6th edition

BKM:

FAB:

HULL(f): Hull, Fundamentals of Futures and Options Markets, Prentice-Hall, 200, 6th edition HULL Hull, Options, Futures and Other Derivatives, Prentice-Hall, International 2006, 6th edition Felsenheimer, Jochen, Gisdakis, Philip and Zaiser, Michael, Active Credit Portfolio Management, A practical guide to credit risk management strategies, Wiley, 2006

FEL:

4. Derivative Valuation and Analysis HULL(f): Hull, J., Fundamentals for Futures and Options Markets, Prentice-Hall, International 2008, 6th edition SAB: Sharpe, Alexander and Bailey, Investments, Prentice-Hall, 1999, 6th edition Bodie, Kane and Marcus, Investments, McGraw-Hill, International 2008, 7th edition Fabozzi Frank, J., Bond Markets, Analysis and Strategies, Prentice-Hall, 2007, 6th edition Eiteman, Stonehil and Moffett, Multinational Business Finance, Addison-Wesley, International 2007, 11th edition Hull, J. , Options, Futures & Other Derivatives, Prentice-Hall, International, 2006, 6th edition

BKM:

FAB:

ESM:

HULL

5. Corporate Finance BMA: Brealey and Meyers and Allen, Principle of Corporate Finance, McGraw-Hill, International 2006, 6th edition Eiteman, Stonehil and Moffett, Multinational Business Finance, Addison-Wesley, International 2007, 11th edition

ESM:

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6. Financial Accounting and Financial Statement Analysis WSF: White, Sondhi and Fried, The Analysis and Use of Financial Statements, John Wiley & Sons Inc., 1994 Eiteman, Stonehil and Moffett, Multinational Business Finance, Addison-Wesley, 1995, 8th edition Bill Rees, Financial Analysis, Prentice-Hall, 1995

ESM:

REES:

PENMAN Stephen, Financial statement analysis and security valuation, McGrawHill, International edition, 2001. ABJ: Alexander David, Anne Britton and Ann Jorissen, International financial reporting and analysis, Thomson, 2005. Palepu Krishna, Paul Healy and Victor Bernard, Business analysis and valuation using financial statements, Thomson Learning, 2nd edition, 2000.

PHB:

BENNINGA Simon and Oded SARIG, Corporate finance: A valuation approach, McGraw-Hill, 1997 IFRS/IAS Accounting Standards 7. Economics KO: Krugman and Obstfeld, International Economics, Theory and Policy, Addison-Wesley, 2003, 6th edition Mankiw, Macroeconomics, Worth Publishers, 2007, 6th edition

Mankiw:

Blanchard: Blanchard, Macroeconomics, Pearson Prentice Hall, 2006, 4th edition Dornbusch: Dornbusch, Fischer and Startz, Macroeconomics, McGraw-Hill, 2003, 9th edition

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Further Readings
1. Portfolio Management Elton, E. and Gruber, M., Modern Portfolio Theory and Investment Analysis, New York, John Wiley & Sons Inc. 1991 Margin, J.L., Tuttle, D. L. (ed)., Managing Investment Portfolios, Warren, Gortham & Lamont, 1990, 2nd edition Farell, Portfolio Management, Theory and Applications, McGraw-Hill, 2nd edition Chopra & Ziembra, The effect of errors in means, variance and covariance on optimal portfolio choice, JPM, 1993 Fischer & Statman, The mean-variance optimization puzzle: security portfolios and food portfolio, FAJ, 1997 Perold & Sharpe, Dynamic Strategies for Asset Allocation, FAJ, 1988 Odier & Solnik, Lessons for International Asset Allocation, FAJ, 1993 Jorion, Risk, Measuring the risk in value at risk, FAJ, 1996 Beckers, Manager Skill and Investment Performance: How strong is the link?, JPM, Summer 1997 Kahn, R., What Practicioners need to know about backtesting, FAJ, 1990

2. Equity Valuation and Analysis

3. Bond Valuation and Analysis Douglas, L., Bond Risk Analysis, New York, Institute of Finance, 1990. Elton, E. and M. Gruber, Modern Portfolio Theory and Investment Analysis, Wiley, 1991, chap. 18-20 Fabozzi, F. (ed)., Bond and Mortgage Markets, Probus, 1989 Fabozzi, F. (ed)., The Handbook of Fixed Income Securities, Irwin, 1991. Joel Stem and Donald H Chew, Jr (eds), The Revolution in Corporate Finance, Blackwell, 1998 London, J. Modelling Derivatives Applications, FT Press, 2007 Neftci, Salih N. Principles of Financial Engineering, Elsevier Academic Press, 2004 Elton, Edwin J. Gruber, Martin J. Agrawal, Deepak and Mann, Christopher, Expaining the rate spread on corporate bonds, Journal of Finance, Feb 2001 Dynkin, Lev, Gould, Anthony, Hyman, Jay, Konstantinovsky, Vadim, Phelps Bruce, Quantitative Management of Bond Portfolios, Princeton University Press, 2007

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Duffie, D. Singleton, Kenneth J. Credit Risk, Pricing, Meaurement and Management, Princeton University Press, 2007 Deutsche Bundesbank(BUBA), Credit Default Swaps-Funktionen, Bedeutung und Informationsgehalt, Monatsbericht, Dec 2004 Das, Sanjiv R., Hanouna, P. Credit Defaualt Swap Spreads, working paper, Santa Clara University , California, 21 June 2006 Bank fr internationalen Zahlungsverkehr (BIZ) Indextranchen von Credit Default Swaps und die Bewertung von Kreditriskokorrelaionen, BIZQuartalsbericht, Mrz 2005

4. Derivative Valuation and Analysis Hull, J., Options, Futures and other Derivatives and Securities, 4th edition, 1997 Chriss, N., Block-Scholes and beyond; option pricing models, 1997 Rebonato, R., Interest-Rate Option Models, 1997 Galitz, L., Financial Engineering, 1995 Natenberg, S., Option Volatility and Pricing, 1994

5. Corportate Finance Clifford W. Smith, Raising Capital: Theory and Evidence (in JS & DC) Yakov Amihud and Haim Mendelson, Liquidity and Cost of Capital: Implication for Corporate Management (in JS & DC) Barr Rosenberg and Andrew Rudd: The Corporate Uses of Beta (in JS & DC) S.P. Kothari and Jay Shanken, In Defence of Beta (in JS & DC) Stewart Myers, The Search for Optimal Capital Structure (in JS & DC) Stewart Myers, Still Searching for Optimal Capital Structure (in JS & DC) Merton Miller; The Modigliani Miller Propositions after Thirty Years Randal Woolridge and Chinmoy Gosh, Dividend Cuts: Do They Always Signal Bad News? Michael Jensen, The Takeover Controversy: Analysis and Evidence Allen Michel, Israel Shaked, RJR: A Case Study of a Complex Leveraged Buyout, FAJ, September-October 1991 Mike Wright and Ken Robbie, Corporate Restructuring, Buy-outs and Managerial Equity, The European Dimension Clifford Smith and D. Skyes Wilford, Managing Financial Risk Philippe Jorion, Risk: Measuring the Risk in Value at Risk, FAJ, November/December, 1996 Joel Stem and Donald H Chew, Jr (eds), The Revolution in Corporate Finance, Blackwell, 1998

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6. Analysis of Financial Reports and Accounts Elliot and Elliot, Financial Accounting and Reporting, Prentice-Hall, 2nd edition, 1996 Foster, Financial Statement Analysis, 2nd edition, Prentice-Hall, 1986

7. Economics Krugmann, Paul R. & Obstfeld, Maurice (1994), International Economics: Theory and Policy, 3rd edition, HarperCollins College Publishers (Scott, Foresman & Co), New York Samuelson, Nordhaus (1998), Economics, 16th edition, Irwin McGraw-Hill, New York Solnik, Bruno (1996), International Investment, 3rd edition, Addision-Wesley, Reading, MA

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