Intermediate Financial Theory
Academic Press Inc (Verlag)
978-0-12-369380-8 (ISBN)
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The second edition of this authoritative textbook continues the tradition of providing clear and concise descriptions of the new and classic concepts in financial theory. The authors keep the theory accessible by requiring very little mathematical background.
First edition published by Prentice-Hall in 2001- ISBN 0130174467.
The second edition includes new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, as well as a new chapter on asset management for the long term investor.
"This book does admirably what it sets out to do - provide a bridge between MBA-level finance texts and PhD-level texts....
many books claim to require little prior mathematical training, but this one actually does so.
This book may be a good one for Ph.D students outside finance who need some basic training in financial theory or for those looking for a more user-friendly introduction to advanced theory.
The exercises are very good."
--Ian Gow, Student, Graduate School of Business, Stanford University
Jean-Pierre Danthine is Honorary Director of the Enterprise for Society Center (E4S), a center affiliated to UNIL-HEC, IMD and EPFL, of which he was Managing Director from its foundation in December 2019 until 30 April 2023. He is a Distinguished Research scholar at IMD and an honorary professor at the University of Lausanne and the EPFL (Ecole Polytechnique de Lausanne). From 2015 to 2021 he was President of the Paris School of Economics. From 2010 to 2015 he was a member of the Governing Board of the Swiss National Bank, of which he was Vice-Chairman from 2012. He was Managing Director of the Swiss Finance Institute from its foundation in 2006 until the end of 2009. Professor Danthine previously taught at Columbia University and held visiting appointments at CUNY Graduate Center, University of Southern California (Los Angeles), Université d'Aix-Marseille, Université Laval (Québec), as well as Universities of Toulon and Dijon. His publications have appeared in Econometrica, the Journal of Political Economy, the Review of Economic Studies, the Journal of Finance and other leading international journals. John B. Donaldson holds the Mario J. Gabelli Professorship in Finance at Columbia Business School. For many years he taught courses both in corporate finance and options. More recently his teaching has been devoted to macroeconomics. His research focuses on the influence of business cycle phenomena on the pricing of financial assets, with a particular emphasis on the impact of the real side of the economy. Most recently he has studied the possible financial implications of a more stakeholder oriented economy. His work has appeared in numerous professional journals, including the Journal of Economic Dynamics and Control, Econometrica, the Journal of Economic Theory, Quantitative Analysis, and the Journal of Monetary Economics.
PART I : INTRODUCTION
Chapter 1: On the Role of Financial Markets and Institutions
Chapter 2: The Challenges of Asset Pricing: A Roadmap
PART II: THE DEMAND FOR FINANCIAL ASSETS
Chapter 3: Making Choices in Risky Situations
Chapter 4: Measuring Risk and Risk Aversion
Chapter 5: Risk Aversion and Investment Decisions, Part I
Chapter 6: Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory
PART III: EQUILIBRIUM PRICING
Chapter 7: The Capital Asset Pricing Model: Another View about Risk
Chapter 8: Arrow-Debreu Pricing I
Chapter 9: The Consumption Capital Asset Pricing Model (CCAPM)
PART IV: ARBITRAGE PRICING
Chapter 10: Arrow-Debreu Pricing II: the Arbitrage Perspective
Chapter 11: The Martingale Measure : Part I
Chapter 12: The Martingale Measure : Part II
Chapter 13: The Arbitrage Pricing Theory (APT)
PART V: EXTENSIONS
Chapter 14: Portfolio Management in the long run
Chapter 15: Financial Structure and Firm Valuation in Incomplete Markets
Chapter 16: Financial Equilibrium with Differential Information
EXERCISES
| Erscheint lt. Verlag | 25.7.2005 |
|---|---|
| Verlagsort | San Diego |
| Sprache | englisch |
| Maße | 184 x 260 mm |
| Gewicht | 1070 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| ISBN-10 | 0-12-369380-2 / 0123693802 |
| ISBN-13 | 978-0-12-369380-8 / 9780123693808 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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