Intermediate Financial Theory

✍ Scribed by Jean-Pierre Danthine; John B Donaldson

• Publisher: Elsevier Science, Academic Press
• Year: 2014
• Tongue: English
• Leaves: 545
• Series: Academic Press Advanced Finance
• Edition: 3
• Category: Library

✦ Synopsis

Targeting readers with backgrounds in economics, Intermediate Financial Theory, Third Edition includes new material on the asset pricing implications of behavioral finance perspectives, recent developments in portfolio choice, derivatives-risk neutral pricing research, and implications of the 2008 financial crisis. Each chapter concludes with questions, and for the first time a freely accessible website presents complementary and supplementary material for every chapter. Known for its rigor and intuition, Intermediate Financial Theory is perfect for those who need basic training in financial theory and those looking for a user-friendly introduction to advanced theory.

• Completely updated edition of classic textbook that fills a gap between MBA- and PhD-level texts
• Focuses on clear explanations of key concepts and requires limited mathematical prerequisites
• Online solutions manual available
• Updates include new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, and a new chapter on asset management for the long-term investor

✦ Table of Contents

Content:
Front-matter, Pages i,iii
Copyright, Page iv
Preface, Pages xv-xvii
Epigraph, Page xix
Dedication, Page xxi
Chapter 1 - On the Role of Financial Markets and Institutions, Pages 3-29
Chapter 2 - The Challenges of Asset Pricing: A Road Map, Pages 31-52
Chapter 3 - Making Choices in Risky Situations, Pages 55-86
Chapter 4 - Measuring Risk and Risk Aversion, Pages 87-114
Chapter 5 - Risk Aversion and Investment Decisions, Part 1, Pages 115-141
Chapter 6 - Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory, Pages 143-179
Chapter 7 - Risk Aversion and Investment Decisions, Part III: Challenges to Implementation, Pages 181-205
Chapter 8 - The Capital Asset Pricing Model, Pages 209-245
Chapter 9 - Arrow–Debreu Pricing, Part I, Pages 247-267
Chapter 10 - The Consumption Capital Asset Pricing Model, Pages 269-322
Chapter 11 - Arrow–Debreu Pricing, Part II, Pages 325-359
Chapter 12 - The Martingale Measure: Part I, Pages 361-386
Chapter 13 - The Martingale Measure: Part II, Pages 387-415
Chapter 14 - The Arbitrage Pricing Theory, Pages 417-442
Chapter 15 - An Intuitive Overview of Continuous Time Finance, Pages 443-467
Chapter 16 - Portfolio Management in the Long Run, Pages 469-505
Chapter 17 - Financial Structure and Firm Valuation in Incomplete Markets, Pages 507-526
Chapter 18 - Financial Equilibrium with Differential Information, Pages 527-543
Index, Pages 545-553
List of Frequently Used Symbols and Notation, Pages 555-557

✦ Subjects

Финансово-экономические дисциплины;Финансы;Теория финансов;