26、 市场无效说 Delong, Shleifer, Summers, Waldmann, Delong, Shleifer, Summers, Waldmann, “Noise Trader Risk in financial Markets”, Journal of Political Economy, (98)1990.
27、 行为资本资产定价模型 Hersh Shefrin, Meir Statman, Hersh Shefrin, Meir Statman, “Behavioral Capital Asset Pricing Theory”, Journal of Financial and Quantative Analysts, September 1994.
28、 期望理论(又称前景理论) D. Kahneman, A.Tversky D. Kahneman, A.Tversky, “Prospect Theory: An Analysts of Decision Making Under Risk”, Econometrica, March 1979.
29、 积极反馈投资策略 Summers De long, J.B. Shleifer, A. Summers and Roberts J.W, “Positive feedback investment strategies and destabilizing rational speculation”, The Journal of Finance, Vol. 45
30、 噪声交易 Noise trade Black ,F Black ,F, 1986, “Noise”,Journal of Finance 41,July:529-43
31、 MBO
32、 无套利模型 休伯曼 Huberman,G.1982, “A simple approach to arbitrage pricing”, Journal of Economic theory28:183-91
33、 布莱克-斯科尔斯期权定价模型 布莱克、斯科尔斯 Black,F. and Scholes,M.J.1973, “The pricing of options and corporate liabilities”, Journal of Political Economy81(3),May:637-54
34、 二项式期权定价模型 考克斯(Cox)、罗斯(Ross)、罗宾斯坦(Robinstein)等人于1979年在《金融经济学月刊》上发表了论文期权定价:一种简易的方法
35、 贴现现金流模型(Discount cash flow model) 布伦南 Brennan,M. 1979, “The pricing of contingent claims in discrete time models”, Journal of Finance34 :53-68
36、 贝叶斯决策理论 Bayesian decision theory 托马斯.贝叶斯 Bayes,T.1763,”An essay towards solving a problem in the doctrine of chances”, Philosophical Transactions of the royal society:370-418
37、 折旧的经济理论 霍特林 Hotelling ,H.1925. “A general mathematical theory of depreciation”, Journal of the American statistical association 20, September: 340-53
38、 违约溢价模型 默顿 Merton,R.C. 1974, “on the pricing of corporate debt: the risk structure of interest rates”, Journal of Finance 29:449-70
39、 股票回报模型 希勒 Shiller,R. 1981, “Do stock prices move too much to be justified by subsequent changes in dividends?” American Economic Review 71:421-36
40、 委托-代理模型 哈特 Hart,O. 1983 “Optimal lab information :an introduction”,Review of Economic Studies 50:3-35
41、 公司控制理论 施莱弗、萨默斯 Shleifer ,A. and Summers, L. 1988 , “Breach of trust in hostile takeovers”, In Corporate Takeovers: Causes and consequences ed. A. Auerbach, Chicago Press
42、 公司治理结构 法马 Fama,E. 1980, “Agency problems and the theory of the firm”, Journal of Political Economy 88:288-307
43、 委托-代理 (Principle and Agency) 罗斯 Ross,S. 1973, “The economic theory of agency: the principle’s problem”, American review 63(20,May:134-9
44、 非公开信息 哈里斯 Harris,I.E. “Liquidity, trading rules,and electronic trading systems”, Monograph Serious in Finance and Economics,New York University Salomon Ceter,New York
45、 风险厌恶 普拉特 Pratt,J.W.1964.,“Risk aversion in small and in large”, Econometric 32:122-36
46、 理性泡沫模型 Flood, Garber Flood,R.P. and Garber, P.M. “Market fundamentals Versus price-level bubbles: The first Tests”, Journal of Political Economy, August 1980
47、 系统性风险 威廉.夏普 Sharp,W.1964, “Capital asset prices: a theory of market equilibrium under conditions of risks” Journal of Finance 19:425-42
48、 股利折现模型
49、 股利增长模型
银行中介
银行中介 理论 作者 出处
1、 逆向选择 Akerlof Akerlof ,The market for “Lemons”, Quarterly Economics 84(3), Aug.488-500
2、 不完全信息理论 Stiglitz和Weiss Stiglitz,Weiss “A credit rationing in markets with imperfect information”, American Economics Review, June 1981
3、 信用可获性理论 R.V. Rosa G., H. Kare Kenn R.V. Rosa G., H. Kare Kenn, “Interest rate and central bank”, Money, Trade and Economic Growth, 1951“Lenders’ preferences, credit rationing and the effectualness of monetary policy”,Review of Economics and statistic, Aug. 1957
4、 道德风险 (Moral Hazard) 阿罗 Arrow K.J .1964,“Essays in the Theory of risk- Bearing. Chicago: Aldine
5、 适应性预期 (adaptive expectation) 欧文.费雪 Fisher, I. 1911, “The purchasing power of money”, New York: Macmillan; latest edn, A.M. Kelley: New York, 1963
6、 资金可得性学说 鲁萨 Roosa,R.V.1951, “Interest rates and the central bank” In money, Trade, and Economic Growth: Essays in Honor of John H. Williams, New York: Macmillan
7、 不完全信息条件下的信贷配给模型 斯蒂格利茨,韦斯 Stiglitz,J. and Weiss,A.1981,“Credit rationing in markets with imperfect information”, American Economic Review71(3),June:393-410
8、 戴蒙德模型 戴蒙德 Diamond ,D. 1984, “Financial intermediation and delegated monitoring”, Review of Economic studies 51:393-414
9、 利率期限结构理论
10、 真实票据学说
11、 自由银行学派