Loading, please wait...
:

product description page

Asset Pricing and Portfolio Choice Theory (Hardcover) (Kerry E. Back)

Asset Pricing and Portfolio Choice Theory (Hardcover) (Kerry E. Back) - image 1 of 1

About this item

In the 2nd edition of Asset Pricing and Portfolio Choice Theory, Kerry E. Back offers a concise yet comprehensive introduction to and overview of asset pricing. Intended as a textbook for asset pricing theory courses at the Ph.D. or Masters in Quantitative Finance level with extensive exercises and a solutions manual available for professors, the book is also an essential reference for financial researchers and professionals, as it includes detailed proofs and calculations as section appendices.The first two parts of the book explain portfolio choice and asset pricing theory in single-period, discrete-time, and continuous-time models. For valuation, the focus throughout is on stochastic discount factors and their properties. A section on derivative securities covers the usual derivatives (options, forwards and futures, and term structure models) and also applications of perpetual options to corporate debt, real options, and optimal irreversible investment. A chapter on "explaining puzzles" and the last part of the book provide introductions to a number of additional current topics in asset pricing research, including rare disasters, long-run risks, external and internal habits, asymmetric and incomplete information, heterogeneous beliefs, and non-expected-utility preferences. Each chapter includes a "Notes and References" section providing additional pathways to the literature. Each chapter also includes extensive exercises.
Number of Pages: 722
Genre: Business + Money Management
Sub-Genre: Finance
Series Title: Financial Management Association Survey and Synthesis Series
Format: Hardcover
Publisher: Oxford Univ Pr
Author: Kerry E. Back
Language: English
Street Date: February 1, 2017
TCIN: 51177701
UPC: 9780190241148
Item Number (DPCI): 248-17-4132
If the item details above aren’t accurate or complete, we want to know about it. Report incorrect product info.
$95.00

Guest reviews

Prices, promotions, styles and availability may vary by store & online. See our price match guarantee. See how a store is chosen for you.