浙江工商大学金融学院投资学英文复习资料.doc

浙江工商大学金融学院投资学英文复习资料 INVESTING CH01-04 CHAPTER 1Investments - Background and Issues 1.1 REAL ASSETS VERSUS FINANCIAL ASSETS Essential nature of in… 《社戏》(第一课时)课堂实录 达成目标: (1) 整体感知课文情节,理清文章的思路。 (2) 感受“淳朴民风”所带来的震撼和魅力。 教学课程: 一 、由两难的伦理故事引入 师: 前几天,我先生和我讨论一起案件,很给我启发。周末,一民警驾车去约会,途… 公司资本制度 公司资本制度有狭义和广义两种理解，狭义上的公司资本制度是指公司资本的形成、维持、退出等方面的制度安排；广义上的公司资本制度是指围绕股东的股权投资而形成的关于公司资本运作的一系列概念网、规则群与制度链的配套体系。 公司资本制度的分类 由于… INVESTING CH01-04 CHAPTER 1Investments - Background and Issues 1.1 REAL ASSETS VERSUS FINANCIAL ASSETS Essential nature of investment 1Reduced current consumption 2Planned later consumption Real AssetsAssets used to produce goods and services Financial AssetsClaims on real assets 1.2 A TAXONOMY OF FINANCIAL ASSETSMajor Classes of Financial Assets or Securities Debt Money market instruments Bank certificates of deposit Capital market instruments Bonds Common stock Preferred stock Derivative securities 1.3 FINANCIAL MARKETS AND THE ECONOMY Financial Markets Informational Role of Financials Markets Consumption Timing Allocation of Risk Separation of Ownership and Management Corporate Governance and Ethics Accounting ScandalsExamples – Enron and WorldCom Auditors watchdogs or consultantsExample – Arthur Andersen and Enron Sarbanes-Oxley ActTighten the rules of corporate governance 1.4 THE INVESTMENT PROCESS The Investor?s Portfolio Asset allocationChoice among broad asset classes Security selectionChoice of which securities to hold within asset class Security selection 1.5 MARKETS ARE COMPETITIVE Risk-Return Trade-Off How should one measure risk Assets with higher expected returns have greater risk What role does diversification play Efficient Markets Theory Should be neither underpriced nor overpriced securities Security price should reflect all information available to investors Active Versus Passive Management Active Management Finding undervalued securities Timing the market Passive Management No attempt to find undervalued securities No att