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Asset Pricing: A Structural Theory and Its Applications [Hardcover]

By Bing Cheng (Author) & Howell Tong (Author)
Our Price $ 48.30  
Retail Value $ 69.00  
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Item Number 165077  
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Item description for Asset Pricing: A Structural Theory and Its Applications by Bing Cheng & Howell Tong...

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.

Contents: Introduction to Modern Asset Pricing; A Structural Theory of Asset Pricing; Algebra of Stochastic Discount Factors; Investment and Consumption in a Multi-Period Framework.

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Item Specifications...

Studio: World Scientific Publishing Company
Pages   92
Est. Packaging Dimensions:   Length: 8.98" Width: 6.14" Height: 0.47"
Binding  Hardcover
Release Date   Jul 21, 2008
Publisher   World Scientific Publishing Company
ISBN  9812704558  
ISBN13  9789812704559  

Availability  0 units.

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Product Categories

1Books > Subjects > Business & Investing > Economics > General
2Books > Subjects > Business & Investing > Finance
3Books > Subjects > Business & Investing > General
4Books > Subjects > Professional & Technical > Accounting & Finance > Finance > General
5Books > Subjects > Professional & Technical > Accounting & Finance > Finance
6Books > Subjects > Science > Mathematics > General
7Books > Subjects > Science > Mathematics

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