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Portfolio Selection and Asset Pricing by Shouyang Wang, Yusen Xia (auth.) is a nonfiction available to read on EtoBox.

What is Portfolio Selection and Asset Pricing about?

In our daily life, almost every family owns a portfolio of assets. This portfolio could contain real assets such as a car, or a house, as well as financial assets such as stocks, bonds or futures. Portfolio theory deals with how to form a satisfied portfolio among an enormous number of assets. Originally proposed by H. Markowtiz in 1952, the mean-variance methodology for portfolio optimization has been central to the research activities in this area and has served as a basis for the development of modem financial theory during the past four decades. Follow-on work with this approach has born much fruit for this field of study. Among all those research fruits, the most important is the capital asset pricing model (CAPM) proposed by Sharpe in 1964. This model greatly simplifies the input for portfolio selection and makes the mean-variance methodology into a practical application. Consequently, lots of models were proposed to price the capital assets. In this book, some of the most important progresses in portfolio theory are surveyed and a few new models for portfolio selection are presented. Models for asset pricing are illustrated and the empirical tests of CAPM for China's stock m

Who reads Portfolio Selection and Asset Pricing?

Author

Shouyang Wang, Yusen Xia (auth.)

Publisher

Springer-Verlag Berlin Heidelberg

Published

2002

Language

EN

ISBN

9783540429159

Category

nonfiction

Subjects

Finance, Science, Mathematics