Asset Pricing is popular PDF and ePub book, written by Bing Cheng in 2008, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Asset Pricing can be Read Online from any device for your convenience.
Asset Pricing Book PDF Summary
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.
Detail Book of Asset Pricing PDF
- Author : Bing Cheng
- Release : 01 October 2024
- Publisher : World Scientific
- ISBN : 9789812704559
- Genre : Business & Economics
- Total Page : 91 pages
- Language : English
- PDF File Size : 19,9 Mb
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