Financial Economics

Author: Wang Changyun
Publisher:
Publish Date: 2006-11-01
Features: Financial economics is the microeconomics of financial problems, which studies the formation and determination of asset prices from an economic perspective, as well as the financial decision-making of investors and enterprises. The research scope of financial economics covers two major areas: asset pricing and corporate financial policies. According to the above definition of the connotation of financial economics, the book is divided into four parts and 18 chapters to introduce the basic theories and methods of asset pricing and corporate financial decision-making. Part (i.e., Chapter 1) introduces the origin, development process, and new developments in financial economics since the 1980s; the second part includes Chapters 2–12, introducing and exploring modern asset pricing theory; the third part includes Chapters 13–17, introducing the theories and methods of corporate financial decision-making policies and corporate governance theory; the last part (i.e., Chapter 18) discusses the behavioral finance theory that has developed in recent years, exploring the new developments in asset pricing theory and corporate financial decision-making theory under the relaxation of the assumption of complete rationality.