Security Investment Analysis (Second Edition)

Author: Yang Zhaojun, Editor-in-Chief
Publisher:
Publish Date: 2007-01-01
Features: Under the influence of the global trend of financial securitization, security investment has naturally become a major research field in contemporary finance, and Security Investment Analysis has consequently become an important textbook for finance programs in prestigious management schools of developed countries in Europe and America. It can be said that security investment analysis is a profound discipline. On the knowledge level, security investment not only encompasses traditional investment analysis theories and methods such as macroeconomics, microeconomics, industry analysis, and company research, but also incorporates a vast array of modern investment analysis techniques since the birth of modern portfolio theory in the 1980s, such as Modern Portfolio Theory (MPT), Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT), and option theory. With the support of rapidly advancing computer technology, modern portfolio investment analysis is playing an increasingly significant role in large-scale institutional investment management. It can be said that the emergence of modern portfolio theory marked a major revolution in finance, not only profoundly altering the logic and scope of traditional investment analysis but also rapidly permeating the entire financial field, such as in the study of banking and insurance. This book is written as a textbook for graduate students in economics, finance, and management, senior undergraduate students, as well as college teachers and professionals engaged in security investment research. With over 500,000 words, the authors introduce the fundamental concepts of security investment, provide a detailed explanation of security investment decision-making theory, and explore practical operational issues such as pricing, management, and performance evaluation in the process of asset portfolio realization in the securities field.