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Asset Pricing: A Structural Theory And Its Applications, Hardback Book

Asset Pricing: A Structural Theory And Its Applications Hardback


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.


  • Format: Hardback
  • Pages: 92 pages
  • Publisher: World Scientific Publishing Co Pte Ltd
  • Publication Date:
  • Category: Investment & securities
  • ISBN: 9789812704559

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