斯蒂芬·A·罗斯对金融经济学的贡献

The Contributions of Stephen A. Ross to Financial Economics

Annual Review of Financial Economics · 2021
被引 3
ABS 3

中文导读

本文回顾了斯蒂芬·A·罗斯在金融经济学领域的开创性贡献,包括套利定价理论、风险中性定价、二项式期权定价模型、利率期限结构理论、代理理论以及事后业绩衡量中的条件偏差等,适合对金融经济学发展史和资产定价理论感兴趣的学者快速了解其核心工作。

Abstract

Stephen A. Ross was one of the most influential scholars in the field of financial economics in the late twentieth century. Ross's work was central to several novel domains of economic inquiry. His contributions included the arbitrage pricing theory (APT), the risk-neutral pricing of contingent claims, the binomial option pricing model, a theory of the term structure of interest rates, a seminal contribution to the economic theory of agency, and insights about conditioning biases in ex post performance measurement. In this article, we discuss his seminal papers and the broad scope of his curiosity within the arc of a remarkably productive and influential career that spanned five decades and yet ended sooner than most who knew him expected.

金融经济学资产定价套利定价理论期权定价代理理论