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Type of bind: Hardcover
Dewey Decimal Number: 332
EAN num: 9780123693808
ISBN number: 0123693802
Label: Academic Press
Manufacturer: Academic Press
Quantity: 1
Page Count: 392
Printing Date: July 19, 2005
Publishing house: Academic Press
Release Date: July 19, 2005
Sale Popularity Level: 112916
Studio: Academic Press
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Editor's Notes and Comments:
Product Description:
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 number 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
*Completely updated edition of classic textbook that fills a gap between MBA level texts and PHD level texts
*Focuses on clear explanations of key concepts and requires limited mathematical prerequisites
*Online solutions manual available
* Updates 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
User popularity level:
Rated by buyers 
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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 very first graduate course in finance. This is a "must have" for anyone interested in the field.
Rated by buyers 
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The book is good and easy to follow ... it lacks some formality ... but from a pratical standpoint this book is enough.
The people searching for formal derivations and more in depth concepts, I suggest Ingersoll or Huang, or both.
I am pursuing my Master in Finance and the book alone was not sufficent to the course, although it clarified lots of arcane maths from Ingersoll/Huang.
Rated by buyers -
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.
Rated by buyers -
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.
Rated by buyers -
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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