Intermediate Financial Theory
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Book Overview
The second edition of this authoritative textbook continues the tradition of providing clear and concise descriptions of the new and classic concepts in financial theory. The authors keep the theory accessible by requiring very little mathematical background. First edition published by Prentice-Hall in 2001- ISBN 0130174467. The second edition includes new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, as well as a new chapter on asset management for the long term investor. "This book does admirably what it sets out to do - provide a bridge between MBA-level finance texts and PhD-level texts....
many books claim to require little prior mathematical training, but this one actually does so.
This book may be a good one for Ph.D students outside finance who need some basic training in financial theory or for those looking for a more user-friendly introduction to advanced theory.
The exercises are very good."
--Ian Gow, Student, Graduate School of Business, Stanford University
many books claim to require little prior mathematical training, but this one actually does so.
This book may be a good one for Ph.D students outside finance who need some basic training in financial theory or for those looking for a more user-friendly introduction to advanced theory.
The exercises are very good."
--Ian Gow, Student, Graduate School of Business, Stanford University
Format:Hardcover
Language:English
ISBN:0123693802
ISBN13:9780123693808
Release Date:August 2005
Publisher:Academic Press
Length:392 Pages
Weight:2.45 lbs.
Dimensions:1.1" x 7.3" x 10.3"
Customer Reviews
5 ratings
good reference book in finance field
Published by Thriftbooks.com User , 15 years ago
good reference book in finance field clear illustration on the main asset pricing theories must buy
Will provide you the tools to understanding financial theory
Published by Thriftbooks.com User , 16 years ago
This book follows the structure of Huang & Litzenberger but in a language more familiar to M.A. students. Furthermore, it is a pleasure to read. It includes the most important results in modern finance to fully understand investment decisions. It is the perfect textbook for a first graduate course in finance. This is a "must have" for anyone interested in the field.
Excelent book, there are opportunities to improvement.
Published by Thriftbooks.com User , 18 years ago
This is the perfect book whether one is interested in understand asset pricing in an intermediate level. It includes all the important topics such as CAPM, CCAPM, APT avoiding unecessary math. On the other hand, the second edition was not carefully reviews, and there are a lot of erros in the excercise section . For a third edition, my recomendation is to include an additional chapter about efficient markets.
INTERMEDIATE FINANCIAL THEORY
Published by Thriftbooks.com User , 18 years ago
I recommend this book for everyone who is studying finance or work on it. This is an excellent work paper to understand these matters. Furthermore it has a quite understandable language even for those which have some handicaps about this subject. This book was recommended to me from my Investment professor in a Finance Master Course and I found it a very good investment.
Accurate title for an excellent book
Published by Thriftbooks.com User , 21 years ago
This book does admirably what it sets out to do - provide a bridge between MBA-level finance texts and PhD-level texts. While the mathematical prerequisites are relatively limited (comfort with matrices and Lagrangians), they may not be in the toolkit of most MBAs. (Note that many books claim to require little prior mathematical training, but this one actually does so.)This book may be a good one for Ph.D students outside finance who need some basic training in financial theory or for those looking for a more user-friendly introduction to advanced theory.The exercises are very good. There are some typographical errors but no more than typical for this kind of book.
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