5000论坛币征集最优秀的金融资产评估学习资料

5000论坛币征集最优秀的金融资产评估学习资料

参与就有10-50个论坛币的奖励（符合格式），被选为优秀学习资料的将给予5000论坛币的奖励（共5-10个资料入选，每个500论坛币）！灌水与重复发帖无效。可以是图书、视频、期刊、文章和电子资料等，资料的格式形式不限。

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简介与推荐理由：

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如：
图书，《纳税筹划》，肖太寿，经济科学出版社（2010年）；
该书是 中国总会计师协会“税务会计师”(CTAC)系列教材，非常好的税收筹划资料。

学习系统征集资料话题：5000论坛币征集优秀的离岸公司相关制度及其历史学习资料
5000论坛币征集优秀的流动性风险管理相关学习资料
5000论坛币征集优秀的商业银行国际结算学习资料
5000论坛币征集VIE（可变利益实体）的学习资料

图书，《金融资产评估》，杨子江，中国人民大学出版社（2003）；

推荐理由：本书可以作为基本入门教材（本书为我校本科生学习教材）。通过介绍金融资产和资产评估的内涵与外延、产生与发展，分析金融资产评估的特征与途径、方法与模型，阐述金融资产评估工作的管理方法，介绍金融资产评估工作底稿和评估报告，列举国内上市企业的股权评估以及企业投资评估案例。该书将有助于读者揭开金融资产和金融资产价值是什么，金融资产这种索取实物资产的无形的权利究竟应该如何定价等一系列的谜团。


图书，《金融资产评估》，杨大锴、杨晔、曹建元，上海财经大学出版社（2009）；
推荐理由：该书可以作为实践操作者的参考用书，因为该书在吸收国内外经济流派对金融资产评估研究的最新成果和紧密联系中国实践的基础上，通过理论研究、实证分析、国际比较、技术模型、案例剖析等五种方法，深入探讨了金融资产评估的理论、国际经验借鉴、评估方法、分类评估以及金融资产评估在银行类金融机构与非银行类金融机构经营管理中的应用问题。金融业是一个高儿险的行业，金融危机一旦爆发，将会给整个经济发展和社会稳定带来深重危害。针对日益复杂化与专业化的金融资产，培养相应的具有复杂金融资产定价、金融资产评估与金融风险防范等专业职能的金融资产评估师就成为当务之急。

图书，资产评估，俞明轩 ，中国人民大学出版社，2009

从事资产评估工作和将要从事资产评估工作的人员，只有掌握了资产评估的基本原理、内在规律和专业方法，才能适应现代经济对资产评估的要求，才能在激烈的市场竞争中适应社会主义市场经济的全面、协调、可持续发展的要求。
　　 资产评估是一门实践性很强的学科，在学习过程中，应注重理论与实践相结合，通过对资产评估基本原理与方法的学习，熟悉资产评估的理论基础，把握资产评估的本质及其特征，着重掌握资产评估的收益法、市场法和成本法三大基本方法及其在机器设备评估、无形资产评估、房地产评估以及企业价值评估等实践中的应用，了解我国资产评估的历史及特色和国际评估动态。通过该课程的学习，培养和提高正确分析和解决资产评估实际问题的能力。

图书，资产评估，于翠芳 李永峰  ，中国矿业大学出版社，2009

本书可以作为经济类、管理类本科学生的教学用书，也可以作为研究生的学习参考用书。

图书，资产组合管理， 蔡明超、杨朝军  ，上海交通大学出版社，2009

本书适合作为高校金融学、管理学及相关专业的高年级本科教材，也适合相关研究人员参考阅读。

图书， 《金融资产评估》， 杨大楷 杨晔 曹建元， 上海财经大学出版社(2009年)；
《金融资产评估》在吸收国内外经济流派对金融资产评估研究的最新成果和紧密联系中国实践的基础上，通过理论研究、实证分析、国际比较、技术模型、案例剖析等五种方法，深入探讨了金融资产评估的理论、国际经验借鉴、评估方法、分类评估以及金融资产评估在银行类金融机构与非银行类金融机构经营管理中的应用问题。

图书， 《动态资产定价理论(第三版)》， 达雷尔.达菲(Darrell Duffie)著 潘存武译， 上海财经大学出版社(2004年)；
本书详细阐述了资产定价理论的主要思想和理论研究方法，主题思想是套利、最优化和均衡，这三点也是构架起全书整个理论体系的三大支柱。本书的主体内容共12章，详细阐述了资产定价理论的主要思想和理论研究方法，知识面宽，内容博大精深，在国外具有很大的影响，具有十分重要的参考价值。长期以来，该书已经成为证券市场领域高级博士课程的标准教程。

图书：<Asset Pricing> John H. Cochrane, Princeton University Press, 2005-01-03
"This is a brilliant and useful book, well-deserving of the TIAA-CREF Samuelson Award. . . . The clever intuition and informal writing style make it a joy to read. Like a star athlete does with the sport, Cochrane makes it look easier than it really is." -- Journal of Economic Literature
Review By Craig W. French (Yardley, PA United States):

"Given the innumerable finance books available, I find myself constantly trying to separate the wheat from the chaff (and, sadly, finding a whole lot more of the latter than the former). John Cochrane's Asset Pricing (2001, Princeton University Press) is not only wheat, but also perhaps the most finely milled flour baked to perfection into one's favorite dessert, served with a chilled glass of Chateau d'Yquem. Cochrane identifies his target audience as "economics and finance Ph.D. students, advanced MBA students, or professionals with similar background". Residing in the third camp, I can say from this point of view that this book could have been subtitled, "the Practitioner's Portable Ph.D." Academic researchers, students, and practitioners of finance should all value Cochrane's Asset Pricing enough to own a copy.

Asset Pricing is extremely readable, as Cochrane stresses economic intuition over formal proofs. The book is structured into four parts: 1) asset pricing theory; 2) asset pricing models; 3) options and interest rates; 4) an empirical survey. Cochrane begins powerfully, introducing us to the notion that the consumption-based asset pricing equation, given by an investor's first-order conditions, is the central formulation in asset pricing; market-based models simply consider the market returns specified in the consumption models to be exogenously determined free parameters. Cochrane emphasizes that all factor models are derived as specializations of the consumption-based model, using extra variables to proxy marginal utility.

In Part 1, Cochrane covers the field from the Law of One Price, to the mean-variance frontier, to the CCAPM, the CAPM, ICAPM and APT, covering both discrete- and continuous-time, as well as market- and consumption-oriented approaches. Cochrane begins with a simple concept: that price equals discounted payoff, and claims that this is the core of all asset pricing theory. I found this section to neatly clarify my understanding and perspective of these models. Cochrane argues effectively for the use of contingent-claims budget constraints as our lens rather than the traditional mean-variance frontiers and beta models: "...it has seemed that there are several different asset pricing theories: expected return-beta for stocks, yield-curve models for bonds, arbitrage models for options. In fact all three are just cases of p = E(mx)." Cochrane makes clear in his theorems of chapter 4 that the Law of One Price guarantees the existence of a discount factor, and the lack of pure arbitrage implies that the discount factor must be positive. Furthermore, the absence of arbitrage is the result of a positive discount factor, which is the natural result of any sort of utility maximization. Cochrane provides proofs of these relationships for both complete and incomplete markets. I also learned something new (to me) in Chapter 8: in addition to the famous Roll (1977) critique, which states that testing the CAPM using empirical data is impossible because the wealth portfolio is not observable, there is another basic but profound critique due to Hansen and Richard (1987), regarding the conditional versus unconditional CAPMs, which asserts that tests of the CAPM are doomed since the conditioning information of the agents is not observable.

Part 2 introduces us to The Generalized Method of Moments (GMM) approach to free parameter selection, distribution estimation, and model evaluation. GMM is quite powerful and is becoming increasingly popular in empirical studies; one recent example of applied GMM can be found in Andrew Lo's 2002 paper "The Statistics of Sharpe Ratios" (FAJ 58(4)). Cochrane provides the background and methodology for implementing the GMM approach of Hansen and Singleton (1982). Cochrane also covers time-series and cross-sectional (OLS and GLS) regressions for testing linear factor models, with a special emphasis on the Fama-MacBeth (1973) procedure, as well as Maximum Likelihood, which is a special case of GMM, and closes the section with examples of Monte Carlo and bootstrap simulations. Chapter 16, "Which Method?", highlights both Cochrane's pragmatism and masterful intuition of the subject (which is evident throughout the book); I especially enjoyed his brief commentary on statistical philosophy here.

In Part 3, Cochrane covers option pricing and term structure of interest rate models. Two chapters (17 and 18) is hardly enough to do justice to options pricing, which is better served by a complete text such as Cox and Rubinstein's "Options Markets" or Hull's "Options, Futures, and Other Derivatives", but given the limited space, Cochrane does an impressive job, using the Law of One Price to describe put-call parity, arbitrage bounds, early exercise rules for American options, and the Black-Scholes and Feynman-Kac solutions as well as real options. Chapter 19 is devoted to bond pricing. Cochrane covers bond basics, yield curves, and term structure models. The Cox-Ingersoll-Ross (1985) model and the Vasicek (1977) models are shown to be special cases of the affine class of term structure models, and Cochrane derives all three. He also provides a nice review of the literature of both affine and non-affine models, including as Constantinides' 1992 closed-form solution and many others.

Part 4 provides a well-written survey of the empirical work in the field, specifically on time-series predictability, cross-sectional models and equity premium puzzles, and new variations on the consumption-based models. Cochrane also provides an introduction to continuous-time stochastic processes in the Appendix, which succinctly covers Brownian motion, time-series diffusions and Ito's lemma. Most chapters include several problems at the end, a nice addition for readers who really want to dig in and explore asset pricing directly. Although solutions are not provided in the book, Cochrane's website,
http://gsbwww.uchicago.edu/fac/john.cochrane/research/Papers/,
offers them via e-mail to teachers using Asset Pricing as a class text. The website also offers a preview of the book through page 50, which encompasses the Contents, Preface, and chapters 1 and 2 in their entirety. The website also contains an important errata page describing more than 160 equation typos and errors, additions and clarifications to the manuscript.

Cochrane's experience as editor of the Journal of Political Economy shines through in his clear writing style, and his students at Chicago's GSB, where he is Theodore O. Yntema Professor of Finance, are lucky indeed if this book is any indication of his teaching ability. Asset Pricing is not a book to be missed. "

   图书， 《微观金融学：财务分析、资产定价与投资评估》——高等院校财务金融学系列教材， 陈信华， 上海财经大学出版社(2006年)
    陈信华，生于1954年于上海。祖籍浙江余姚。1982年毕业于上海师范学院中文系，获文学学士学位。1988年毕业于复旦大学世界经济系，获经济学硕士学位。2000年毕业于上海社会科学院世界经济研究所，获经济学博士学位。
    本书以企业、家庭或个人的投融资行为及财务运作为研究对象，特别强调从数量分析的角度剖析资金流动的具体特征，并引入货币的时间价值因素，围绕着财务分析技巧、资产定价模型以及投资项目评估程序与决策准则等微观经济主体的财务活动与投融资行为等内容来展开论述。
    全书内容共分成三篇十二章。第一篇为“企业财务分析技巧”。第二篇为“证券投资分析及资产定价”，这是微观金融活动的主要内容之一。第三篇为“项目投资评估与决策”。
    个人看过之后的体会：微观金融学的概念，在国内还不是很被认知，我们的金融学太多从银行业理解的偏差了，加上国内银行业国有独大的状况，好像学科发展 也一般。 微观金融学的概念就比较好了，囊括的是公司理财、投资学之类的内容，所以我觉得先无论内容深浅，单从这个角度来看，作者还是做出了较大贡献的。 而且从这个角度来学习金融资产评估，理解起来更加的与国际研究水平相接近。

大家继续努力推荐呀。。。。

呵呵，学习学习，谢谢