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Global Stock Markets
Wolfgang Drobetz
€ 65.58
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Description for Global Stock Markets
Paperback. Num Pages: 332 pages, 26 black & white tables, biography. BIC Classification: KJS; KJSM. Category: (G) General (US: Trade). Dimension: 229 x 152 x 19. Weight in Grams: 521.
"While the state-preference approach is perhaps more general than the mean variance approach and provides an elegant framework for investigating theo retical issues, it is unfortunately difficult to give it empirical content. " I The state of the art in asset pricing has substantially changed over the past years. While the seminal CAPM represents an equilibrium model derived under rather restrictive assumptions on preferences or return distributions and places a lot of emphasis on the efficiency of a somehow arbitrary market portfolio, subsequent models were much less restrictive with respect to the underlying economic struc ture. For example, the arbitrage ... Read more
"While the state-preference approach is perhaps more general than the mean variance approach and provides an elegant framework for investigating theo retical issues, it is unfortunately difficult to give it empirical content. " I The state of the art in asset pricing has substantially changed over the past years. While the seminal CAPM represents an equilibrium model derived under rather restrictive assumptions on preferences or return distributions and places a lot of emphasis on the efficiency of a somehow arbitrary market portfolio, subsequent models were much less restrictive with respect to the underlying economic struc ture. For example, the arbitrage ... Read more
Product Details
Format
Paperback
Publication date
2000
Publisher
Deutscher Universitats-Verlag Germany
Number of pages
332
Condition
New
Number of Pages
332
Place of Publication
Wiesbaden, Germany
ISBN
9783824472727
SKU
V9783824472727
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Wolfgang Drobetz
Dr. Wolfgang Drobetz ist Assistent am Schweizerischen Institut für Banken und Finanzen der Universität St. Gallen, wo er bei Prof. Dr. Heinz Zimmermann promovierte.
Reviews for Global Stock Markets