Intermediate Financial Theory

Name: Intermediate Financial Theory
Price: 66.99 USD
Availability: InStock
ISBN: 9780443289026

by Jean-Pierre Danthine, John B. Donaldson, Samuel Danthine

4th Edition

Publisher: Academic Press

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Book Details

Print ISBN	9780443289026
eText ISBN	9780443289446
Publisher	Academic Press
Publishing Year	2025
Edition	4th Edition
Language	English
Pages	600

Intermediate Financial Theory, 4th Edition, by Jean-Pierre Danthine, John B. Donaldson, and Samuel Danthine, provides graduate students in finance, business, and economics with a comprehensive examination of asset pricing principles. Academic Press publishes this textbook to examine how modern financial markets operate and structure valuation under uncertainty.

The material guides readers through core theoretical frameworks, starting with choice under uncertainty and the measurement of risk aversion. It expands into portfolio selection and foundational valuation frameworks, including the Capital Asset Pricing Model and the Consumption Asset Pricing Model. Subsequent chapters address Arrow-Debreu state-contingent pricing, Martingale measures, and Arbitrage Pricing Theory alongside selected topics in corporate finance.

A defining analytical focus of the book is its explicit contrast between equilibrium and arbitrage perspectives on asset evaluation. The volume offers structured theoretical grounding for students with prior training in economics seeking advanced analytical skills.

Chapter 1: On the Role of Financial Markets and Institutions
Chapter 2: Finance in the 21st Century: Crisis and Sustainability
Chapter 3: The Challenges of Asset Pricing: A Road Map
Chapter 4: Making Choices in Risky Situations
Chapter 5: Measuring Risk and Risk Aversion
Chapter 6: Risk Aversion and Investment Decisions, Part I: Subtitle?
Chapter 7: Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory
Chapter 8: Risk Aversion and Investment Decisions, Part III: Challenges to Implementation
Chapter 9: The Capital Asset Pricing Model
Chapter 10: Arrow–Debreu Pricing, Part I
Chapter 11: The Consumption Asset Pricing Model, Part I
Chapter 12: The Consumption Asset Pricing Model, Part II.
Chapter 13: Arrow–Debreu Pricing, Part II
Chapter 14: The Martingale Measure, Part I
Chapter 15: The Martingale Measure, Part II
Chapter 16: The Arbitrage Pricing Theory
Chapter 17: Safe Asset Shortage
Chapter 18: Portfolio Management in the Long Run
Chapter 19: Discounting, the Dice Model as a CAPM
Chapter 20: Sustainable Finance
Chapter 21: Selected Topics in Corporate Finance
Chapter 22: Financial Equilibrium with Di_erential Information