Financial Darwinism Create Value or Self-Destruct in a World of Risk
by Tilman, Leo M.; Phelps, Edmund S.Buy New
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Summary
Author Biography
Table of Contents
| Foreword | p. ix |
| Preface | p. xv |
| Acknowledgments | p. xix |
| Understanding and Navigating the Financial Revolution | p. 1 |
| Introduction: The Need for Transformational Thinking | p. 1 |
| From George Bailey to the Golden Age | p. 5 |
| Accounting for Profits the Old-Fashioned Way | p. 7 |
| The "Great Moderation" As an Evolutionary Catalyst | p. 11 |
| Economic Performance in the Dynamic New World | p. 14 |
| Pressures on Static Business Models | p. 18 |
| Dynamic Finance Perspective on Financial Crises | p. 21 |
| Pillars of Strategic Decision Making | p. 25 |
| Value Creation Through Dynamism and Business Model Transformations | p. 26 |
| Beyond the Facade: The Importance of Risk-Based Transparency | p. 35 |
| The Old Regime and Its Demise | p. 39 |
| Economic Performance and Viability of Financial Institutions | p. 39 |
| Static Business Models | p. 41 |
| Dominant Forces: The Future that Has Already Happened | p. 46 |
| Pressures on Static Business Models | p. 55 |
| The Dynamic New World | p. 65 |
| Risk-Based Economic Performance | p. 65 |
| Balance Sheet Arbitrage | p. 68 |
| Principal Investments | p. 69 |
| Systematic Risk Exposures | p. 71 |
| Fees and Expenses | p. 74 |
| Capital Structure Optimization | p. 75 |
| Economic Performance Attribution | p. 75 |
| Business Model Transformations | p. 79 |
| Pillars of Strategic Decisions in a Dynamic World | p. 79 |
| Responsive Recalibrations of Business Models | p. 81 |
| Full-Scale Business Model Transformations | p. 86 |
| Making the Strategic Vision a Reality | p. 93 |
| The Road to Financial Darwinism | p. 99 |
| Real-World Business Model Transformations | p. 99 |
| Stakeholder Communication & Equity Valuation in a Dynamic World | p. 109 |
| Economic Value Creation (and Destruction) by Non-Financial Corporations | p. 112 |
| The Infamous "Carry Trade" and the Old Ways of Thinking | p. 115 |
| A Dynamic Finance Perspective on Modern Financial Crises | p. 118 |
| Beyond the Facade: The Need for Risk-Based Transparency | p. 127 |
| Conclusion | p. 129 |
| Epilogue: Financial Darwinism and the Crisis of 2007-2008 | p. 133 |
| The Risk-Based Economic Performance Equation | p. 137 |
| A Case Study in Dynamic Finance | p. 141 |
| Notes | p. 157 |
| References | p. 163 |
| About the Author | p. 167 |
| Index | p. 169 |
| Table of Contents provided by Ingram. All Rights Reserved. |
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