CLAUS MUNK
FINANCIAL ASSET PRICING THEORY
The book is intended to serve as a textbook for a course in Asset Pricing
Theory or Advanced Financial Economics, either in a Ph.D. programme or in
an advanced Master of Science programme. It will also be a useful reference
book for researchers and finance professionals.
The overall purpose of the book is that, after reading through and understanding
the book, the reader will
• have a comprehensive overview of the classic and the current research in
theoretical asset pricing,
• be able to read and understand state-of-the-art research papers in the field,
• be able to evaluate and discuss such papers, and
• be able to apply the concepts and results of the book to their own research
projects or to real-life asset valuation problems.
