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: 30/04/2007
- Category: Investment & securities
- ISBN: 9789812704559
- PDF from £87.30