元智大學管理學院
YUAN ZE UNIVERSITY
College of Management / MS Finance
Course: Investments
Instructor: Chin-Wen Hsin
Office Hours: (Room 3620; Tel. 463-8800 ext. 2662)
Tue: 4:30 – 6:30 pm
Wed: 5:00 – 6:30 pm (or by appointment)
Fall, 2026
Required Textbook: "Investments”, by Bodie, Kane and Marcus, McGraw-Hill, 14th Edition, 2026.
(華泰書局代理) (The prior edition (13th ed.) is acceptable.)
Grading:
Mid-term Exam:
Final Exam:
Presentation:
Term Report:
25%
30%
15%
30%
Topics
Readings
1. Investments: Background and Issues
Chaps. 1 & 18
2. Asset Classes and Financial Instruments / Securities Markets
Chaps. 2 & 3
3. Mutual Funds and Other Investment Companies
Chap. 4
4. Risk and Return
Chap. 5
5. Capital Allocation / Efficient Diversification
Chaps. 6 & 7
6. Index Model / Multifactor Models of Risk and Return
Chaps. 8 & 10
7. Capital Asset Pricing Model
Chap. 9
8. Efficient Market Hypothesis
Chaps. 11 & 13
9. Behavioral Finance
Chap. 12
10. Bond Prices / Term Structure of Interest Rates/ Managing Bond Portfolios
Chaps. 14, 15 & 16
Journal Article Readings:
- Ang, A., Hodrick, R. J., Xing, Y., Zhang, X., 2006. The cross-section of volatility and expected returns. Journal of
Finance 51, 259-299.
- Baker, M., Wurgler, J., 2006. Investor sentiment and the cross-section of stock returns. Journal of Finance 61,
1645-1680.
- Babina, T., Fedyk, A., He, A. X., Hodson, J., 2024. Artificial Intelligence, Firm Growth, and Product Innovation.
Journal of Financial Economics 151, Article 103745.
- Barber, B. M., Odean, T., 2008. All that Glitters: The Effect of Attention and News on the Buying Behavior of
Individual and Institutional Investors, Review of Financial Studies, Vol. 21, 785-818.
- Diether, K. B., Malloy, C. J., Scherbina, A., 2002. Differences of opinion and the cross section of stock
returns. Journal of Finance 57, 2113-2141.
- Fama, E., French, K., 2015. A five-factor asset pricing model. Journal of Financial Economics 116, 1-22.
-
Saffi, P., Sigurdsson, K., 2011. Price efficiency and short selling. Review of Financial Studies 24, 821–852.
Zhang, X., 2006. Information uncertainty and stock returns. Journal of Finance 61, 105-137.
0
