摘要
针对中国证券市场的现实情况 ,本文为国有股权的退出设计了发行基于回售条款的可换股债券这一退出模式 ,在作理论分析的基础上 ,给出了定价的数值仿真算法 ,并结合实际情况给出了在实际应用中的一个具体的算例 .
Issuing putable convertible exchangeable bond (PCEB) is a better way for state owned equity to secede from competitive area according to the real status of China Mainland. On the basis of the theore tical analyses, the simulation arithmetic was presented to price PCEB. An applied example was given for listed companies in China. The results obtained were helpful to explore the state owned equity seceding method.
出处
《管理科学学报》
CSSCI
2001年第4期9-15,共7页
Journal of Management Sciences in China
基金
国家自然科学基金"九五"重大资助项目 (79790 13 0 )
教育部跨世纪优秀人才基金资助项目
