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.

    Supported in partVerified against the work's full text

    Publisher description supports Cochrane 2005's unified SDF framework but says nothing about Black-Scholes (1973).

    “By using a single, stochastic discount factor rather than a separate set of tricks for each asset class, Cochrane builds a unified account of modern asset pricing.”

    Read by an automated reader; not a human review. How support was checked

• 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.

Verification

Does it exist? Not checked yet. This entry carries no identifier to resolve. It was extracted from the citation as written in the article, normalized, and deduplicated against the rest of the registry.

Does it back the claim? Read against the text for 1 of 2 citations: 1 supported in part. Each verdict is shown under its citation below, with what in the work backs the sentence.

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See how references were verified.

Registry ID ref:b48b611c231c · see in the full table