The Contributions of Stephen A. Ross to Financial Economics

Autor:	William N. Goetzmann, Stephen J. Brown, Jonathan E. Ingersoll, Philip H. Dybvig
Rok vydání:	2021
Předmět:	Corporate finance Economics and Econometrics Work (electrical) Valuation of options Financial economics Field (Bourdieu) Principal–agent problem Economics Capital asset pricing model Biography Finance
Zdroj:	Annual Review of Financial Economics. 13:1-14
ISSN:	1941-1375 1941-1367
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::67e1ee5b1a6283aa113a664a235fe914 https://doi.org/10.1146/annurev-financial-012921-053116 Zobrazit plný text záznamu