Asset Pricing

Cochrane, J. H. (2005). Asset Pricing. Princeton University Press.

Type

Book

Intellectual base

Review or monograph

Year

2005

Link

https://press.princeton.edu/books/hardcover/9780691121376/asset-pricing

Cited from

economics_finance

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Discounting (Present Value)
  • Black-Scholes (1973) resolved this in derivatives pricing through continuous-time discounting and risk-neutral measures, but the unified framework (stochastic discount factors; Cochrane 2005

    This sourceTraces all asset pricing to 'price equals expected discounted payoff' via a single stochastic discount factor; supports the T5 claim that the unified stochastic-discount-factor framework remains underutilized in practical corporate-finance valuation.

• Risk–Return Tradeoff
  • 2005

    This sourceComprehensive modern treatment of asset-pricing theory; unifies risk-return frameworks through stochastic-discount-factor approach; integrates equilibrium, factor models, and empirical methods.

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