bokomslag Asset Pricing: A Structural Theory And Its Applications
Samhälle & debatt

Asset Pricing: A Structural Theory And Its Applications

Bing Cheng Howell A M Tong

Inbunden

1259:-

Funktionen begränsas av dina webbläsarinställningar (t.ex. privat läge).

Tillfälligt slut online – klicka på "Bevaka" för att få ett mejl så fort varan går att köpa igen.

  • 92 sidor
  • 2008
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.
  • Författare: Bing Cheng, Howell A M Tong
  • Format: Inbunden
  • ISBN: 9789812704559
  • Språk: Engelska
  • Antal sidor: 92
  • Utgivningsdatum: 2008-07-01
  • Förlag: World Scientific Publishing Co Pte Ltd