Risk and Return in Transportation and Other US and Global Industries / Edition 1

Hardcover (Print)
Buy New
Buy New from BN.com
$199.00
Used and New from Other Sellers
Used and New from Other Sellers
from $141.35
Usually ships in 1-2 business days
(Save 28%)
Other sellers (Hardcover)
  • All (5) from $141.35   
  • New (3) from $141.35   
  • Used (2) from $202.65   

Overview

This book undertakes industry analysis of the risk-return behaviour of sk returns in the US. It focuses on transportation and a number of non-transportation companies, with particular attention paid to water transportation. The market risk (measured by beta) is identified as the relevant metric to use for comparison. Single and multi-index models are employed to identify exposures (betas) to market, microeconomic and macroeconomic types of risk in each industry. These industries include water transportation, air transportation, trucks, rail transportation, electricity, gas, petroleum refining and real estate.
Microeconomic factors employed include market value of equity, book to market value of equity ratio, earnings to price ratio, asset to market value of equity ratio, and asset to book value of equity ratio. Macroeconomic factors include: industrial production, term structure of interest rates, oil prices, consumption and inflation. Returns of each industry seem to be explained by different sets of economic factors. For shipping, apart from the market, industrial production, oil prices, the market value of equity, and the asset to book ratio are significant. Moreover, the systematic risk of this industry is not different to that of the market, has not changed significantly under different market conditions, is lower than rail transportation, higher than real estate and similar to that of the remaining industries. The analysis is also extended beyond the US, to global industry portfolios.

Read More Show Less

Editorial Reviews

Booknews
Kavussanos and Marcoulis (both: City University Business School) present an analysis of risk-return behavior of stock invested in American companies, especially transportation companies. Applying single and multi-index models to water transportation, air transportation, trucking, railway, electric, gas, petroleum, and real estate companies, they identify market exposures and risks at the micro- and macro-economic levels. They then determine the economic factors determining returns in each industry. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Read More Show Less

Product Details

  • ISBN-13: 9780792373568
  • Publisher: Springer US
  • Publication date: 6/30/2001
  • Edition description: 2001
  • Edition number: 1
  • Pages: 192
  • Product dimensions: 9.21 (w) x 6.14 (h) x 0.56 (d)

Table of Contents

List of Figures. List of Tables. List of Abbreviations. List of Symbols. 1. Book Overview. 2. Statistical Methodology. 3. Data Definitions, Properties, Transformations. 4. Results from the CAPM - Capital Asset Pricing Model. 5. Microeconomic (Company Specific) Factors As Determinants of Equity Returns. 6. Macroeconomic (Economy Wide) Factors As Determinants of Equity Returns. 7. Microeconomic and Macroeconomic Factors - A Unified Approach. 8. Macroeconomic Factors and International Industry Returns. 9. Conclusion. List of Figures.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)