Portfolio Selection and Asset Pricing:
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. Origi...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin, Heidelberg
Springer Berlin Heidelberg
2002
|
| Ausgabe: | 1st ed. 2002 |
| Schriftenreihe: | Lecture Notes in Economics and Mathematical Systems
514 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | 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 markets are made. The first chapter surveys ideas and principles of modeling the investment decision process of economic agents. It starts with the Markowitz criteria of formulating return and risk as mean and variance and then looks into other related criteria which are based on probability assumptions on future prices of securities |
| Beschreibung: | 1 Online-Ressource (XII, 200 p. 7 illus) |
| ISBN: | 9783642559341 |
| DOI: | 10.1007/978-3-642-55934-1 |
Internformat
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Datensatz im Suchindex
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| author | Wang, Shouyang Xia, Yusen |
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| dewey-ones | 332 - Financial economics |
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| discipline | Mathematik Wirtschaftswissenschaften |
| discipline_str_mv | Mathematik Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-3-642-55934-1 |
| edition | 1st ed. 2002 |
| format | Electronic eBook |
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| indexdate | 2024-07-10T08:56:13Z |
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| isbn | 9783642559341 |
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| spelling | Wang, Shouyang Verfasser aut Portfolio Selection and Asset Pricing by Shouyang Wang, Yusen Xia 1st ed. 2002 Berlin, Heidelberg Springer Berlin Heidelberg 2002 1 Online-Ressource (XII, 200 p. 7 illus) txt rdacontent c rdamedia cr rdacarrier Lecture Notes in Economics and Mathematical Systems 514 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 markets are made. The first chapter surveys ideas and principles of modeling the investment decision process of economic agents. It starts with the Markowitz criteria of formulating return and risk as mean and variance and then looks into other related criteria which are based on probability assumptions on future prices of securities Finance, general Quantitative Finance Finance Economics, Mathematical Aktienmarkt (DE-588)4130931-5 gnd rswk-swf Portfolio Selection (DE-588)4046834-3 gnd rswk-swf Capital-Asset-Pricing-Modell (DE-588)4121078-5 gnd rswk-swf China (DE-588)4009937-4 gnd rswk-swf China (DE-588)4009937-4 g Aktienmarkt (DE-588)4130931-5 s Portfolio Selection (DE-588)4046834-3 s Capital-Asset-Pricing-Modell (DE-588)4121078-5 s DE-604 Xia, Yusen aut Erscheint auch als Druck-Ausgabe 9783540429159 Erscheint auch als Druck-Ausgabe 9783642559358 https://doi.org/10.1007/978-3-642-55934-1 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Wang, Shouyang Xia, Yusen Portfolio Selection and Asset Pricing Finance, general Quantitative Finance Finance Economics, Mathematical Aktienmarkt (DE-588)4130931-5 gnd Portfolio Selection (DE-588)4046834-3 gnd Capital-Asset-Pricing-Modell (DE-588)4121078-5 gnd |
| subject_GND | (DE-588)4130931-5 (DE-588)4046834-3 (DE-588)4121078-5 (DE-588)4009937-4 |
| title | Portfolio Selection and Asset Pricing |
| title_auth | Portfolio Selection and Asset Pricing |
| title_exact_search | Portfolio Selection and Asset Pricing |
| title_exact_search_txtP | Portfolio Selection and Asset Pricing |
| title_full | Portfolio Selection and Asset Pricing by Shouyang Wang, Yusen Xia |
| title_fullStr | Portfolio Selection and Asset Pricing by Shouyang Wang, Yusen Xia |
| title_full_unstemmed | Portfolio Selection and Asset Pricing by Shouyang Wang, Yusen Xia |
| title_short | Portfolio Selection and Asset Pricing |
| title_sort | portfolio selection and asset pricing |
| topic | Finance, general Quantitative Finance Finance Economics, Mathematical Aktienmarkt (DE-588)4130931-5 gnd Portfolio Selection (DE-588)4046834-3 gnd Capital-Asset-Pricing-Modell (DE-588)4121078-5 gnd |
| topic_facet | Finance, general Quantitative Finance Finance Economics, Mathematical Aktienmarkt Portfolio Selection Capital-Asset-Pricing-Modell China |
| url | https://doi.org/10.1007/978-3-642-55934-1 |
| work_keys_str_mv | AT wangshouyang portfolioselectionandassetpricing AT xiayusen portfolioselectionandassetpricing |