Outline of finance: Difference between revisions

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The following [[Outline (list)|outline]] is provided as an overview of and topical guide to finance:

 

**[[Discounts and allowances]]

**[[Factoring (trade)]] & [[Supply chain finance]]

 

===Investment management===<!-- This section is linked from [[Finance]] -->

 

===Risk management===

 

=== Constraint finance===

 

===Corporate finance theory===

*[[Fisher separation theorem]]

*[[Modigliani–Miller theorem]]

**[[John Lintner#Lintner's dividend policy model|Lintner model]]

**[[Dividend policy#Residuals theory of dividends|Residuals theory]]

**[[Clientele effect]]

**[[Dividend puzzle]]

===Asset pricing theory===

{{main|Asset pricing}}

*[[Value (economics)]]

**[[Fair value]]

****{{slink|Agent-based model|In economics and social sciences}}

****[[Artificial financial market]]

*[[General equilibrium theory]]

**[[Supply and demand]]

**[[Economic equilibrium]]

**[[Partial equilibrium]]

*[[Arbitrage-free]] price

**[[Rational pricing]]

*[[Quantum finance]]

 

*Equilibrium pricing

**Equities; foreign exchange and commodities

*[[Swap (finance)|Swaps]]

**[[Swap (finance)#Valuation and Pricing|Swap valuation]]

****[[Multi-curve framework]]

*[[Interest rate derivative]]s ([[bond option]]s, [[swaption]]s, [[interest rate cap and floor|caps and floors]], and [[Interest rate derivative#Types|others]])

**[[Black model]]

**[[Treynor–Black model]]

 

 

=== Market and instruments ===

* Snowball

* Inverse floater

* Ratchet caps and floors

 

 

=== Designations and accreditation ===

* [[Certified Financial Planner]]

* [[Chartered Financial Analyst]]

*[[Valuation (finance)]] and specifically [[Valuation (finance)#Valuation overview|§ Valuation overview]]

*"[[The Theory of Investment Value]]"

*[[Valuation risk]]

*[[Real versus nominal value (economics)]]

***[[rational expectations]]

**[[Arbitrage-free]] price

 

===Context===

* ([[Corporate bond|Corporate]]) [[Bond (finance)|Bonds]]

** [[Bond valuation]]

* [[Stock|Equity]] valuation

** [[#Equity valuation]] above

** [[Fundamental analysis]]

** [[Stock valuation]]

** [[Business valuation]]

** ''[[The Theory of Investment Value]]''

*[[Real estate]] valuation

* Bond valuation

**Modeling

***embedded options:

****[[Pull to par]]

**Results

***[[Clean price]]

***[[sinking fund]] provisions

*Real estate valuation

**[[Income approach]]

***[[Net Operating Income]]

***[[German income approach]]

* Equity valuation

*** [[rNPV]]

*** [[Fed model]]

*** [[Sum of perpetuities method]]

*** [[Benjamin Graham formula]]

 

*Bonds

** [[Yield spread]]

*** [[I-spread]]

** [[Gross rent multiplier]]

** [[Sales comparison approach]]

** [[Cash on cash return]]

*Equity

**general

***[[Valuation of options]]

***[[#Derivatives pricing]] above

**as typically employed

***[[Real options valuation#Valuation|Real options valuation]]

***[[Monte Carlo methods in finance]]

*Applications

**Corporate investments and [[Corporate finance#Investment and project valuation|projects]]

***[[Real options]]

***[[Contingent value rights]]

***[[structured finance]] investments (funding dependent)

***[[special purpose entities]] (funding dependent)

 

=== Financial modeling ===

{{distinguish|Financial modeling#Quantitative finance}}

* [[Cash flow]]

** [[Operating cash flow]]

** [[EBIDTA]]

** [[NOPAT]]

** [[Free cash flow]]

**[[Cost of debt]]

**[[Capital asset pricing model]]

***[[Hamada's equation]]

***[[Pure play#Pure play method|Pure play method]]

**[[Arbitrage pricing theory]]

***[[Total Beta]]

**[[T-model]]

**[[Forecast period (finance)]]

**long term growth rate

*Forecasted [[financial statements]]

**[[Financial forecast]]

**Revenue

***[[Revenue model]]

***[[Net sales]]

**Costs

****[[Cost of goods sold]]

****[[Debtor days|Debtor & Creditor days]]

 

==Portfolio theory==

*[[Portfolio insurance]]

**[[Constant proportion portfolio insurance]]

*[[Quantitative investment]] / [[Quantitative fund]] (see [[#Quantitative investing|below]])

*[[Uncompensated risk]]

***[[Fama–MacBeth regression]]

***[[Hamada's equation]]

**[[Capital allocation line]]

**[[Capital market line]]

*[[Principal component analysis]] ([[Principal component analysis#Quantitative finance|§ Quantitative finance]])

*[[Deterministic global optimization]]

 

==Quantitative investing==

*[[Quantitative investing]]

*[[Quantitative fund]]

*{{slink|Quantitative analysis (finance)|Algorithmic trading quantitative analyst}}

*Trading:

**[[Automated trading]]

**[[Statistical arbitrage]]

*Portfolio optimization:

**[[Black–Litterman model]]

**[[Universal portfolio algorithm]]

**[[2010 flash crash]]

**{{section link|Black_Monday_(1987)|Causes}}

**[[Prediction Company]]

**[[Renaissance Technologies]]

== Financial modeling applications==

{{main article|Financial modeling}}

=== Corporate Finance ===

*[[Business valuation]] / [[stock valuation]] - especially via [[Valuation using discounted cash flows|discounted cash flow]], but including [[Valuation (finance)#Valuation overview|other valuation approaches]]

** [[Microcredit]]

** [[Mutual savings bank]]

** [[Offshore bank]]

** [[Private bank]]

*For the typical finance [[career path]] and corresponding education requirements see:

**[[Financial analyst]] generally, and esp. [[Financial analyst#Qualification|§ Qualification]], discussing various investment, banking, and corporate roles (i.e. financial management, corporate finance, investment banking, securities analysis & valuation, portfolio & investment management, credit analysis, working capital & treasury management; see {{section link|Financial modeling |Accounting}})

*[[Business education]] lists [[undergraduate degree]]s in business, commerce, accounting and economics; "finance" may be taken as a [[academic major|major]] in most of these, whereas "quantitative finance" is almost invariably postgraduate, following a [[Mathematics education#Content and age levels|math-focused Bachelors]]; the most common degrees for (entry level) investment, banking, and corporate roles are:

**[[Bachelor of Business Administration]] (BBA)

*At [[Business education#Postgraduate education|the postgraduate level]], the [[MBA]], [[master of commerce|MCom]] and [[Master of Science in Management|MSM]] (and recently the [[Master of Applied Economics]]) similarly offer training in finance generally; at this level there are also the following specifically focused [[master's degree]]s, with MSF the broadest - see {{section link|Master of Finance|Comparison with other qualifications}} for their focus and inter-relation:

**[[Master of Applied Finance]] (M.App.Fin)

**[[Master of Computational Finance]]

**Master's in Corporate Finance

**[[Chartered Alternative Investment Analyst]] (CAIA)

**[[Chartered Financial Analyst]] (CFA)

**[[CISI Diploma|CISI Diploma in Capital Markets]] (MCSI)

**[[Financial Risk Manager]] (FRM)

**[[Chartered Institute for Securities & Investment]]

**[[Global Association of Risk Professionals|GARP]]

**[[ICMA Centre]]

**[[The London Institute of Banking & Finance]]

**[[Swiss Finance Institute]]

*See also qualifications in related fields:

**[[Actuarial credentialing and exams]]

**[[Business education]]

**{{slink|Credit analyst|Education}}

**[[Economics education]]

 

== See also ==

* [[Outline of economics]]

* [[Outline of production]]

* [[List of business theorists]]

 

==References==

 

== External links ==

* [http://pages.stern.nyu.edu/~adamodar/ Prof. Aswath Damodaran] - financial theory, with a focus in Corporate Finance, Valuation and Investments. Updated Data, Excel Spreadsheets.

*[http://web.utk.edu/~jwachowi/wacho_world.html Web Sites for Discerning Finance Students] (Prof. John M. Wachowicz) -Links to finance web sites, grouped by topic

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[[Category:Outlines of economics|Finance]]

[[Category:Finance lists| ]]

[[Category:Business terms]]