Intermediate Financial Theory

good reference book in finance field clear illustration on the main asset pricing theories must buy

This book follows the structure of Huang & Litzenberger but in a language more familiar to M.A. students. Furthermore, it is a pleasure to read. It includes the most important results in modern finance to fully understand investment decisions. It is the perfect textbook for a first graduate course in finance. This is a "must have" for anyone interested in the field.

This is the perfect book whether one is interested in understand asset pricing in an intermediate level. It includes all the important topics such as CAPM, CCAPM, APT avoiding unecessary math. On the other hand, the second edition was not carefully reviews, and there are a lot of erros in the excercise section . For a third edition, my recomendation is to include an additional chapter about efficient markets.

I recommend this book for everyone who is studying finance or work on it. This is an excellent work paper to understand these matters. Furthermore it has a quite understandable language even for those which have some handicaps about this subject. This book was recommended to me from my Investment professor in a Finance Master Course and I found it a very good investment.

This book does admirably what it sets out to do - provide a bridge between MBA-level finance texts and PhD-level texts. While the mathematical prerequisites are relatively limited (comfort with matrices and Lagrangians), they may not be in the toolkit of most MBAs. (Note that many books claim to require little prior mathematical training, but this one actually does so.)This book may be a good one for Ph.D students outside finance who need some basic training in financial theory or for those looking for a more user-friendly introduction to advanced theory.The exercises are very good. There are some typographical errors but no more than typical for this kind of book.