金融学的研究领域 金融市场 宏观层面:金融框架 微观层面:定价、风险管理 公司财务
金融学的研究领域 • 金融市场 – 宏观层面：金融框架 – 微观层面：定价、风险管理 • 公司财务
历史 ·H.M. Markowitz均值-方差模型( Mean-variance model) Harry m. markowitz. portfolio Selection Journal of Finance 7(1): 77-91,1952 W.F. Sharpe,J, Lintner, J Mossin资本资产定价 模型 Capital asset pricing model(CAPM) W.F. Sharpe, Capital Asset Prices: A Theory od Market equilibrium Under Conditions of risk Journal of Finance, 20(3): 425-442, 1964
历史 • H. M. Markowitz 均值-方差模型 (Mean-variance model) – Harry M. Markowitz, Portfolio Selection, Journal of Finance, 7(1):77-91, 1952. • W. F. Sharpe , J. Lintner, J. Mossin 资本资产定价 模型 Capital Asset Pricing Model (CAPM) – W. F. Sharpe, Capital Asset Prices: A Theory od Market Equilibrium Under Conditions of Risk, Journal of Finance, 20(3):425-442, 1964
S.A.RoSS套利定价理论 Arbitrage Pricing Theory(aPt) S. A. RoSs, The Arbitrage Theory of Capital Asset Pricing,, Journal of Economic Theory, 13(3):341-360,1976 F. Modigliani m.h. miller modigliani- Miller 定理 Modigliani, F. and m.h. miller The cost of Capital, Corporation Finance, and the Theory of Investment. American Economic Review June 1958.261-297
• S. A. Ross 套利定价理论Arbitrage Pricing Theory(APT) – S. A. Ross, The Arbitrage Theory of Capital Asset Pricing,, Journal of Economic Theory, 13(3):341-360, 1976. • F. Modigliani M. H. Miller Modigliani - Miller 定理 – Modigliani, F., and M. H. Miller, The Cost of Capital, Corporation Finance, and the Theory of Investment, American Economic Review, June 1958, 261-297
·F. Black M. Scholes r. Merton期权定价的 Black-scholes公式 F. Black and M. Scholes, The Pricing of Options and Corporate Liabilities, Journal of Political economy, 81(3): 637-654 R. Merton, Theory of Rational Option Pricing Bell Journal of Economics and management Science,4(1):141-183
• F. Black M. Scholes R. Merton 期权定价的 Black-Scholes 公式 – F. Black and M. Scholes, The Pricing of Options and Corporate Liabilities, Journal of Political Economy, 81(3):637-654. – R. Merton, Theory of Rational Option Pricing, Bell Journal of Economics and Management Science, 4(1):141-183
第一章金融市场
第一章 金融市场