Innovations in Financial Markets and Institutions

Investment Management and Mismanagement

History, Findings, and Analysis

Authors: Anderson, Seth

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eBook $109.00
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  • ISBN 978-0-387-33830-9
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Hardcover $139.00
price for USA
  • ISBN 978-0-387-33829-3
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Softcover $139.00
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  • ISBN 978-1-4419-4152-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

INVESTMENT MANAGEMENT AND MISMANAGEMENT: History, Findings, and Analysis is designed for academic researchers, legal professionals, and practitioners who are interested in the various issues surrounding both professional and individual investment management. These issues include performance, anomalies, market timing, suitability, and churning, among others. The construct of mismanagement is presented in light of the impact of various costs on investment returns.

"The book starts with a concise, yet informative, history of the primary entities of the investment industry. The first part of the book interestingly points out that many of the industry’s challenges are not particularly new, but have been played out again and again throughout the existence of our financial markets. Against that backdrop, the author then proceeds to lay out the myriad of challenges inherent in today’s environment. The book covers important topics, ranging from mutual funds’ inability to consistently provide value, to the performance of individual investors. As to the problems of suitability and churning, the material clearly leads the reader to understand that these issues are rooted in the traditional method of compensation to brokers. The conflict of interest inherent in this method cannot be resolved until the manner of compensation is revised. This is a good review for the experienced investment professional, as well as an excellent overview for the novice."

Kathleen A. Wayner

President and CEO

Darren C. Kavesh

Chief Investment Officer

Bowling Portfolio Management

513-871-7776

About the authors

Seth Anderson is a Professor of Finance with expertise in Investments/International Finance at the University of North Florida. He has served as a research consultant for several large pension plans including EIDupont. He also served as an expert witness work in the area of portfolio management. He is the author of Mutual Funds: Fifty Years of Research Findings, Closed-End Fund Pricing: Theories and Evidence, Initial Public Offerings: Findings and Theories, and Closed End Investment Companies: Issues and Answers. He has also authored more than forty articles published in Journal of Financial Research, Financial Services Review, Journal of Behavioral Economics, Financial Analysts Journal, Journal of Portfolio Management among others. His research findings have been cited in Barron’s, Business Week, CBS Radio News, Forbes, Money, Mutual Fund Magazine, The Wall Street Journal, and other national and local media.

Table of contents (1 chapters)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-0-387-33830-9
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.00
price for USA
  • ISBN 978-0-387-33829-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $139.00
price for USA
  • ISBN 978-1-4419-4152-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Investment Management and Mismanagement
Book Subtitle
History, Findings, and Analysis
Authors
Series Title
Innovations in Financial Markets and Institutions
Series Volume
17
Copyright
2006
Publisher
Springer US
Copyright Holder
Springer-Verlag US
eBook ISBN
978-0-387-33830-9
DOI
10.1007/0-387-33830-6
Hardcover ISBN
978-0-387-33829-3
Softcover ISBN
978-1-4419-4152-7
Edition Number
1
Number of Pages
XII, 178
Topics