New Book - The Finance Crisis and Rescue: What Went Wrong? Why? What Lessons Can Be Learned?
Wednesday, November 26th, 2008TORONTO, Nov 25, 2008 /PRNewswire-USNewswire via COMTEX/ — A timely new book examining this year’s financial crisis is the second title to be published by Rotman/UTP Publishing, an Imprint of University of Toronto Press in partnership with the Rotman School of Management.
The Finance Crisis and Rescue: What Went Wrong? Why? What Lessons Can Be Learned? features thought leaders from the Rotman School explaining the financial crisis and rescue from a variety of perspectives.
“Covering everything from credit risk to value investing to leadership, our experts tackle the broken model and proposed rescue and provide insight for moving ahead and shaping the world of finance for the better,” writes Rotman Dean Roger Martin in the foreword to the book. “In the end, the treatment required to cure this unhealthy system may be deceptively simple: to produce more beneficial results for stakeholders and for society at large, firms must lower their expectations of monetary incentives and be more cognizant about setting them within a context that reduces the tendency for extremes of behaviour.”
The eleven chapters included in the book are:
— Derivatives and Risk Management: “The Financial Crisis of 2008:
Another Case of Irrational Exuberance” by John Hull, Maple
Financial Group Chair in Derivatives and Risk Management, Professor of
Finance and Co-Director — Master of Finance Program;
— Value Investing: “Value Investing in the Crisis: How Margins of
Safety Melted Away” by Eric Kirzner, John H. Watson Chair in Value
Investing and Professor of Finance;
— Financial Analysis: “Integrative Thinking (or Lack of) and the
Current Crisis” by Ramy Elitzur, Edward Kernaghan Professor of
Financial Analysis and Associate Professor of Accounting;
— Business Economics: “The Financial Crisis of 2008 and the
“Real Economy”: Damage but Not Disaster” by Peter Dungan,
Adjunct Associate Professor of Business Economics and Director — Policy
and Economic Analysis Program;
— International Business: “Global Lessons from the 2008 Financial
Crisis” by Wendy Dobson, Director — Institute for International
Business and Professor of Business Economics;
— Structured Finance: “Subprime, Market Meltdown and Learning from
the Past” by Laurence Booth, CIT Chair in Structured Finance and
Professor of Finance;
— Pension Management: Looking Across the Abyss: Pension Design and
Management in the Twenty-First Century” by Keith Ambachtsheer,
Director — International Centre for Pension Management and Adjunct
Professor of Finance;
— Behavioural Finance: ‘The Influence of Investor Behaviour” by
Lisa Kramer, Canadian Securities Institute Research Foundation Term
Chair and Associate Professor of Finance;
— Corporate Governance: “Where Were the Directors?” by David
Beatty, Conway Director — Clarkson Centre for Business Ethics and Board
Effectiveness and Professor of Strategic Management;
— Leadership: “Rescuing the Global Financial System: The Failure of
American Leadership” by Jim Fisher, Vice-Dean — Programs, CCMF
Chair in Entrepreneurship and Professor of Strategic Management;
— Public Policy: “Carts and Horses and Horses and Carts: How Public
Policy Led to the Subprime Disaster” by Michael Hlinka (Rotman MBA
‘86), Instructor, University of Toronto School of Continuing
Studies and Business Commentator, CBC TV and CBC Radio.
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