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Title links lead to book details on the IFoA Library catalogue. From there, IFoA members and students can 'Request' the book from the IFoA Library Service, subject to availability. Members can also follow the ‘Access eBook’ links below after logging in through the member portal.
SP5 core reading for the current year is the key study reference for this exam and is available from the IFoA e-shop.
Students may also work with study guides and course materials for this exam from an IFoA recognised tuition provider.
Books
- Asset pricing. Revised edition - Cochrane, J.H. Princeton University Press, 2005. ISBN 9780691121376.
- The monetary and financial system. 4th ed. Goacher, D. Chartered Institute of Banking, 1999. ISBN 9780852975404.
- Options, futures and other derivatives. 11th edition, 2021. ISBN 9781292410623
Access eBook after member login- The 11th edition is also suggested reading for subject CM2, and core reading for SP6 and SA7 subjects of the IFoA exam curriculum from 2019.
- The IFoA Library has other editions of this title.
- Understanding infrastructure investments. Mackay-Fisher, K. CEO Forum Group, 2003.
- Principles of corporate finance: international edition. 14th ed. Brealey, R. A.; Myers, S. C.; Allen, F., Edmans, A. - McGraw-Hill, 2023. ISBN 9781265652463
Access eBook after member login-
- Library holds earlier 12th ed., 2017. ISBN: 978125925331
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- A survey of behavioral finance. Barberis, N. and Thaler, R. Handbook of the Economics of Finance, 1B: Financial markets and asset pricing. Chapter 18, 1053-1128. (2003).
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Articles and papers
The following journal articles and papers are cited in 'References' of SP5 Core Reading on theory of finance and behavioural finance. Most are available via the 'JSTOR' links below after member login
- Are investors reluctant to realize their losses? Odean, T. The Journal of Finance (1998) 53(5): 1775-1798.
https://jstor.org/stable/117424 - Boys will be boys: gender, overconfidence, and common stock investment. Barber, B.M. and Odean, T. Quarterly Journal of Economics (2001) 116(1): 261-292.
https://jstor.org/stable/2696449 - The cross‐section of expected stock returns. Fama, E.F. and French, K.R. The Journal of Finance (1992) 47(2): 427-465.
https://jstor.org/stable/2329112 -- https://doi.org/10.2307/2329112 - Does the stock market overreact? Bondt, W.F. and Thaler, R. The Journal of Finance (1985) 40(3): 793-805.
https://jstor.org/stable/2327804 -- https://doi.org/10.2307/2327804 - The end of behavioral finance. Thaler, R.H. Financial Analysts Journal (1999) 55(6): 12-17.
https://jstor.org/stable/4480205 - Equity portfolio diversification. Goetzmann, W.N. and Kumar, A. Review of Finance (2008) 12(3): 433-463.
https://doi.org/10.2139/ssrn.627321 - From efficient markets theory to behavioral finance. Shiller, R.J. The Journal of Economic Perspectives (2003) 17(1): 83-104.
https://jstor.org/stable/3216841 - Good day sunshine: Stock returns and the weather. Hirshleifer, D. and Shumway, T. The Journal of Finance (2003) 58(3): 1009-1032.
https://jstor.org/stable/3094570 - Herd behavior in financial markets. Bikhchandani, S. and Sharma, S. IMF Economic Review (2000) 47(3): 279-310.
https://jstor.org/stable/3867650 - Investor sentiment and the cross‐section of stock returns. Baker, M. and Wurgler, J. The Journal of Finance (2006) 61(4): 1645-1680.
https://jstor.org/stable/3874723 - Naive diversification strategies in defined contribution saving plans. Benartzi, S. and Thaler, R.H. American Economic Review (2001) 91(1): 79-98.
https://doi.org/10.1257/aer.91.1.79 - Noise trader risk in financial markets. De Long, J.B., Shleifer, A., Summers, L.H. and Waldmann, R.J. Journal of Political Economy (1990) 98(4): 703-738.
https://jstor.org/stable/2937765 - Prospect theory: An analysis of decision under risk. Kahneman, D. and Tversky, A. Econometrica: Journal of the Econometric Society (1979) 47(2): 263-291.
https://jstor.org/stable/1914185 - Returns to buying winners and selling losers: implications for stock market efficiency. Jegadeesh, N. and Titman, S. The Journal of Finance (1993) 48(1): 65-91.
https://jstor.org/stable/2328882 -- https://doi.org/10.2307/2328882 - Sentiment and stock prices: the case of aviation disasters. Kaplanski, G. and Levy, H. Journal of Financial Economics (2010) 95(2): 174-201.
https://doi.org/10.1016/j.jfineco.2009.10.002 - Sports sentiment and stock returns. Edmans, A., Garcia, D. and Norli, Ø. The Journal of Finance (2007) 62(4): 1967-1998.
https://www.jstor.org/stable/4622322 - Time series momentum. Moskowitz, T.J., Ooi, Y.H. and Pedersen, L.H. Journal of Financial Economics (2012) 104(2): 228-250.
https://doi.org/10.1016/j.fineco.2011.11.003 - Trading is hazardous to your wealth: the common stock investment performance of individual investors. Barber, B.M. and Odean, T. The Journal of Finance (2000) 55(2): 773-806.
Please contact libraries@actuaries.org.uk for guidance on access to these online articles.