Finance: A Quantitative Introduction
Cambridge University Press, 1/17/2013
EAN 9781107029224, ISBN10: 1107029228
Hardcover, 445 pages, 25.2 x 19.4 x 2.4 cm
Language: English
By providing a solid theoretical basis, this book introduces modern finance to readers, including students in science and technology, who already have a good foundation in quantitative skills. It combines the classical, decision-oriented approach and the traditional organization of corporate finance books with a quantitative approach that is particularly well suited to students with backgrounds in engineering and the natural sciences. This combination makes finance much more transparent and accessible than the definition-theorem-proof pattern that is common in mathematics and financial economics. The book's main emphasis is on investments in real assets and the real options attached to them, but it also includes extensive discussion of topics such as portfolio theory, market efficiency, capital structure and derivatives pricing. Finance equips readers as future managers with the financial literacy necessary either to evaluate investment projects themselves or to engage critically with the analysis of financial managers. Supplementary material is available at www.cambridge.org/wijst.
1. Introduction
2. Fundamental concepts and techniques
3. Modern portfolio theory
4. Market efficiency
5. Capital structure and dividends
6. Valuing levered projects
7. Option pricing in discrete time
8. Option pricing in continuous time
9. Real options analysis
10. Selected option applications
11. Hedging
12. Agency problems and governance
Solutions to exercises
Glossary
Index.
Advance praise: 'An excellent guide to modern finance. Professor van der Wijst provides clear and comprehensive explanations of the major theories in asset pricing, options, and corporate finance and the evidence for and against each. His book is remarkable both for its range and clarity.' Louis Ederington, Michael F. Price Chair in Finance, University of Oklahoma