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Asset pricing
Hardback
€94.25
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- Book Synopsis
- Modern asset pricing models play a central role in finance and economic theory and applications. This book introduces a structural theory to evaluate these asset pricing models and throws light on the existence of Equity Premium Puzzle. Based on the structural theory, some algebraic (valuation-preserving) operations are developed in asset spaces and pricing kernel spaces. This has a very important implication leading to practical guidance in portfolio management and asset allocation in the global financial industry. The book also covers topics, such as the role of over-confidence in asset pricing modeling, relationship of the portfolio insurance with option and consumption-based asset pricing models, etc.
- Product Details
-
- ISBN
- 9789812704559
- Format
- Hardback
- Publisher
- World Scientific Publishing, (23 July 2008)
- Number of Pages
- 76
- Weight
- 318 grams
- Language
- English
- Dimensions
- 9.26 x 6.02 x 11 mm
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