Synopses & Reviews
A fascinating read both for the general reader on film and also those with a serious interest in the subject of the film industry and film-makingFor the past 80 years the British film industry has struggled to compete with Hollywood. The early control of distribution by American companies in London and the lack of investment in domestic production gave Hollywood a commercial advantage that persists to this day. Successive British governments have introduced measures to protect the industry from overseas competition and stimulate British production, all with little long-term success.
This book traces the history of the British film business from the days of the early pioneers, through its near collapse in the immediate post-war era to the current age of digitally enhanced blockbusters.
The authors chart the successes and failures and show how Government intervention has often failed to assist the industry. They provide comment on recent developments and suggest how these could help British film making talent reach the wider audience that it frequently deserves.
Bill Baillieu is a non-practising barrister with twenty years corporate finance and licensing experience in the development and funding of creative and growth businesses. His career began in the venture capital industry in the City of London, and he now specialises in the management, exploitation and valuation of intellectual property rights ranging from copyright portfolios to patented technology.
John Goodchild is an experienced investment analyst and currently an associate with the London stockbrokers Walker Crips Weddle Beck plc. He has been fascinated by the British cinema since childhood when he first heard his aunt's recollections of life as a wardrobe assistant at Gainsborough Studios in the 1930s. He is also joint editor of Professional Investor where Bill Baillieu's articles on the industry were the starting point for The British Film Business
Review
"…very informative and interesting…a bias-free look at the film industry from a UK perspective with a global outlook…" (M2 Best Books, 23 July 2002)
Synopsis
This unique book demonstrates that Excel and VBA can play an important role in the explanation and implementation of numerical methods across finance. It takes a comprehensive look at equities, options on equities and options on bonds from the early 1950s to the late 1990s. Each area contains both standard material and more advanced topics.
All models are developed fully in both spreadsheets, bringing clarity to teaching in finance, and user-defined functions in VBA, giving a ready-made library of portable functions that can be used in Excel. The spreadsheets and VBA functions are provided on a CD-ROM.
Synopsis
Dieses neue und einzigartige Buch macht deutlich, da Excel und VBA (Visual Basic f r Applikationen) eine wichtige Rolle in der Finanzwelt spielen bei der Erl uterung und Implementierung numerischer Methoden. Advanced Modelling in Finance behandelt detailliert Aktien, Aktienoptionen und Rentenoptionen der fr hen 50er bis in die sp ten 90er Jahre. Dabei f hren die Autoren schrittweise ein die komplexeren Aspekte der Excel- und VBA-Programmierung und erl utern, wie diese Programmierungsverfahren bei Aktien, Renten und Optionen zur Modellierung oder Manipulierung von Finanzdaten eingesetzt werden k nnen. In der modernen Finanzwelt gewinnen Analysen und die Entwicklung von immer komplexeren was w re wenn-Szenarios immer mehr an Bedeutung. Deshalb ist dieses Buch die ideale Lekt re f r Finanzexperten, die ihre Fertigkeiten im Bereich finanzwirtschaftliche Modellbildung verbessern m ssen. Es liefert das n tige Know-How und Praxiswissen. Die beigef gte CD-ROM, enth lt die komplette Software f r die besprochenen Beispiele.
Synopsis
This book will appeal to both graduate students and practitioners. Students will value the Excel spreadsheets allowing them to develop their knowledge of modelling in finance, using a step-by-step approach accompanied by explanations using elementary mathematical statistics and probability. Practitioners will value the VBA functions as a source of up-to-date and efficient programs that can be easily used from Excel.
Standard material covered includes:
* portfolio theory and efficient frontiers
* the Capital Asset Pricing Model, beta and variance-covariance matrices
* performance measurement
* the Black-Scholes option pricing formula
* binomial trees for options on equities and bonds
* Monte Carlo simulation
* bond yield-to-maturity, duration and convexity
* term structure models from Vasicek and Cox, Ingersoll and Ross
Advanced topics covered include:
* Value-at-Risk
* style analysis
* an improved binomial tree (Leisen and Reimer)
* Quasi Monte Carlo simulation
* volatility smiles
* Black, Derman and Toy trees
* normal interest rate trees
The book is accompanied by a CD-ROM containing the spreadsheets, VBA functions and macros used throughout the work.
Synopsis
This new and unique book demonstrates that Excel and VBA can play an important role in the explanation and implementation of numerical methods across finance. Advanced Modelling in Finance provides a comprehensive look at equities, options on equities and options on bonds from the early 1950s to the late 1990s.
The book adopts a step-by-step approach to understanding the more sophisticated aspects of Excel macros and VBA programming, showing how these programming techniques can be used to model and manipulate financial data, as applied to equities, bonds and options. The book is essential for financial practitioners who need to develop their financial modelling skill sets as there is an increase in the need to analyse and develop ever more complex 'what if' scenarios.
- Specifically applies Excel and VBA to the financial markets
- Packaged with a CD containing the software from the examples throughout the book
Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.
Synopsis
MARY JACKSON and MIKE STAUNTON have worked together teaching spreadsheet modelling to both graduate students and practitioners since 1985.
MARY JACKSON was Assistant Professor of Decision Sciences at London Business School. She is author of three previous books for John Wiley Sons: Understanding Expert Systems (1992), Advanced Spreadsheet Modelling (1988) and Creative Modelling (1985).
MIKE STAUNTON is Visiting Lecturer in Numerical Methods at City University Business School and Director of the London Share Price Datbase at London Business School. He is co-author, with Elroy Dimson and Paul Marsh, of Millennium Book II: 101 Years of Investment Returns (2001) and Millennium Book: A Century of Investment Returns (2000).
Synopsis
This book traces the history of the British film business from the days of the early pioneers. through its near collapse in the immediate post-war era to the current age of digitally enhanced blockbusters. The authors chart the successes and failures and show how Government intervention has often failed to assist the industry. They provide comment on recent developments and suggest how these could help British film making talent to reach the wider audience that it frequently deserves.
Synopsis
For the past 80 years the British film industry has struggled to compete with Hollywood. The early control of distribution by American companies in London and the lack of investment in domestic production gave Hollywood a commercial advantage that persists to this day. British actors, directors and production companies are highly regarded internationally, yet few films are financed solely with British capital. Even Working Title, producers of such recent hits as Four Weddings and a Funeral and Notting Hill, has attracted the bulk of its funding from the USA.
Successive British governments have introduced measures to protect the industry from overseas competition and stimulate British production, all with little long-term success. In fact, a failure to understand the nature of the industry has often resulted in legislation that has hampered rather than supported film-makers. Over the years there have been isolated triumphs abroad, from Korda's The Private Life of Henry VIII onwards, but the lack of British films has proved a major financial stumbling block.
In this book, the authors discuss the development of the industry from the beginning to the end of the 20th century and highlight the lessons that can be learned for financing British feature films. The century ended with a Labour Government appearing to have a more sympathetic attitude to British film-makers and, combined with the establishment of the Film Council, there were grounds for optimism. Let us hope that it is not 'one more new botched beginning.'
About the Author
BILL BAILLIEU is a non-practising barrister with 20 years corporate finance and licensing experience in the development and funding of creative and growth businesses, where know-how is the main asset. His career began in the venture capital industry in the City of London, and he now specialises in the management, exploitation and valuation of intellectual property rights ranging from copyright portfolios to patented technology. A regular contributor of articles on franchising, film finance and knowledge management, he is a business angel and an avid fan of the cinema,
JOHN GOODCHILD is an experienced investment analyst and currently an associate with the London stockbrokers Walker Crips Weddle Beck plc. He heas been fascinated by the British cinema since childhood when he first heard his aunt's recollections of life as a wardrobe assistant at Gainsborough Studios in the 1930s. He is also joint editor of Professional Investor where Bill Baillieu's articles on the industry were the starting point for The British Film Industry. John Goodchild recently (with Clive Callow) edited Double Takes and Brands:Visions and Value for John Wiley.
Table of Contents
Preface.
Acknowledgements.
Introduction.
ADVANCED MODELLING IN EXCEL.
Advanced Excel Functions and Procedures.
Introduction to VBA.
Writing VBA User-Defined Functions.
EQUITIES.
Introduction to Equities.
Portfolio Optimisation.
Asset Pricing.
Performance Measurement and Attribution.
OPTIONS ON EQUITIES.
Introduction to Options on Equities.
Binomial Trees.
The Black--Scholes Formula.
Other Numerical Methods for European Options.
Non-Normal Distributions and Implied Volatility.
OPTIONS ON BONDS.
Introduction to Valuing Options on Bonds.
Interest Rate Models.
Matching the Term Structure.
Appendix: Other VBA Functions.
Index.