TAILIEUCHUNG - Lecture Financial institutions, instruments and markets: Chapter 6 - Christopher Viney

Chapter 6 - Investors in the share market. In this chapter students will be able to: Appreciate the range of investment choices available for the investor, identify relevant issues for potential investors, understand the factors that influence a company’s share price. | Chapter 6 Investors in the Share Market Websites: Learning Objectives Appreciate the range of investment choices available for the investor Identify relevant issues for potential investors Understand the factors that influence a company’s share price Chapter Organisation Introduction Stock Exchange Investment Buying and Selling Shares Taxation Financial Performance Indicators Pricing of Shares Stock Market Indices and Published Share Information Summary Introduction Recall from previous chapters Publicly listed corporation Primary and secondary markets Ordinary shares have the potential to provide a return to investors by way of dividends and capital gains Depth of the market The overall capitalisation of corporations listed on the stock exchange (SX) Introduction (cont.) Liquidity The volume of trading relative to the size of the market . turnover Efficient price discovery The speed and efficiency that new information is reflected in the current share price Chapter Organisation Introduction Stock Exchange Investment Buying and Selling Shares Taxation Financial Performance Indicators Pricing of Shares Stock Market Indices and Published Share Information Summary Stock Exchange Investment The SX offers a wide range of security types to the investor Securities listed on the SX are categorised into industry groups allowing investors a choice within a range of economic sectors Stock Exchange Investment (cont.) Two types of risk impact on security returns Systematic risk Factors that generally impact on shares prices in the market . economic growth, and changes in interest rates and exchange rates Unsystematic risk Factors that specifically impact on the share price of a corporation . resignation of the CEO, technology failure, board problems Stock Exchange Investment (cont.) Diversified investment portfolio A portfolio containing a .

• Tài chính doanh nghiệp
• Financial institutions
• Financial Instruments
• Financial markets
• Financial system
• Impact of globalisation
• Functions of the financial system
• Lecture Financial markets and institutions
• Financial institutions markets
• Risks at financial institutions
• Market risk
• Savings institutions
• Credit unions
• Commercial banks
• Financial statements
• Financial markets and institutions
• Interest rates change
• Financial institutions exist
• Central banking
• Capital markets
• Money markets
• Interest rate fundamentals
• Interest rates
• Security valuation
• Federal reserve system
• Monetary policy
• Money market yields
• Bond markets
• Municipal bonds
• Mortgage markets
• Primary mortgage market
• Stock markets
• Common stock
• Foreign exchange markets
• Foreign exchange
• Derivative securities markets
• Futures markets
• Commercial bank liabilities
• Regulation of commercial banks
• Deposit guarantee funds
• Insurance companies
• Life insurance companies
• Securities firms
• Investment banks
• Mutual funds
• Hedge funds
• Pension funds
• Private pension funds
• Managing credit risk
• Balance sheet
• Managing liquidity risk
• Managing interest rate risk
• Insolvency risk
• Managing risk
• Loan sales
• Managing risk off the balance sheet