投资银行学PDF电子书下载

Chapter 1 Introduction　 1

1.1 What Is Investment Banking? 2

1.2 Investment Banking Activities 2

1.3 Investment Banking versus Commercial Banking 5

1.4 Industry Overview 8

1.5 The Investment Banker as an Individual 11

1.6 A Brief History of the Industry 13

1.7 Scope of This Book 17

Chapter 2 Financial Securities 20

2.1 Bonds 21

2.2 Stocks 27

2.3 Derivative Securities 31

2.4 International Securities 33

2.5 Risks of Bonds and Stocks 34

Chapter 3 Investment Analysis 38

3.1 Macroeconomic Analysis 38

3.2 Industry Analysis 44

3.3 Financial Statements Analysis 46

3.4 Technical Analysis 55

3.5 Efficient Market Theory 67

Chapter 4 Primary Market Making Ⅰ：Equity Financing 71

4.1 Public Offerings and Private Placements 71

4.2 Motivations of Issuers 74

4.3 The IPO Team 76

4.4 The Public Offering Process 79

4.5 Agreements of an IPO 85

4.6 Risks of an IPO 91

4.7 Revenues of Underwriters 92

4.8 The Costs of Going Public 93

4.9 Aflermarket Trading 95

4.10 Direct Offerings,Shells,and Equity Takedowns 98

4.11 International Listings 100

4.12 China's Practices 101

Chapter 5 Primary Market Making Ⅱ：Debt Financing 103

5.1 Government Securities 103

5.2 Treasury Securities Markets 107

5.3 Municipal Securities Markets 114

5.4 Corporate Debt Markets 118

5.5 Corporate Bonds 120

5.6 Private Placements 128

5.7 Foreign Bonds 130

5.8 Eurobonds 130

5.9 Treasury Bond Transactions in China 131

5.10 China's Enterprise Bonds 133

Chapter 6 Secondary Market Making 135

6.1 Dealing versus Brokering 136

6.2 Dealer Activities in the Financial Markets 137

6.3 Managing Dealer Risks 142

6.4 Financing Dealer Inventory 146

6.5 Brokering Activities in the Financial Markets 148

6.6 Possible Abuses 152

Chapter 7 Trading:Speculation and Arbitrage 156

7.1 Speculation 157

7.2 Arbitrage Trading 162

Chapter 8 Mergers and Acquisitions 170

8.1 Market Overview 170

8.2 Motivations 172

8.3 Strategic Planning and Intermediary 174

8.4 Investment Banking Fees and Agreements 175

8.5 Valuation and Financing 177

8.6 Closing and Regulatory Issues 184

8.7 Takeover Defenses 189

8.8 Legal Considerations in Buying Public Targets 191

8.9 Post-Acquisition Integration 193

Chapter 9 Venture Capital 195

9.1 Venture Capital Investing 195

9.2 Market Overview 198

9.3 Historical Development 199

9.4 Setting up Venture Capital Operations 200

9.5 Investing Strategy 202

9.6 Venture Capital Transactions 204

9.7 Legal Documentation 210

9.8 Exit Strategies 214

Chapter 10 Asset Securitization 216

10.1 Market Overview 216

10.2 Benefits and Costs 218

10.3 Structure and Basic Elements 220

10.4 Mortgage-Backed Securities 223

10.5 Asset-Backed Securities 227

Chapter 11 Money Management 231

11.1 Money Management Business 232

11.2 Types of Money Management Operations 233

11.3 Organization and Operation of a Mutual Fund 235

11.4 Development and Growth of Mutual Funds 238

11.5 The Institutional and Retirement Markets 240

11.6 Hedge Funds 241

Chapter 12 China's Market and Future Trends 250

12.1 China's Market 250

12.2 Future Trends 264