AN OPTION-BASED EMPIRICAL INVESTIGATION OF CHINESE CORPORATE LIQUIDITY VALUE

被引：0

作者：

Du, Jinmin ^{[1
]}

Zheng, Lingyun ^{[2
]}

机构：

[1] Jinan Univ, Faulty Finance & Inst Finance Res, Guangzhou 510632, Guangdong, Peoples R China

[2] Jinan Univ, Inst Finance Res, Guangzhou 510632, Guangdong, Peoples R China

来源：

2008 INTERNATIONAL CONFERENCE ON NEURAL NETWORKS AND SIGNAL PROCESSING, VOLS 1 AND 2 | 2007年

关键词：

corporate liquidity; investment option; insurance option; exchange option;

D O I：

暂无

中图分类号：

TP18 [人工智能理论];

学科分类号：

081104 ; 0812 ; 0835 ; 1405 ;

摘要：

Corporate liquidity pricing is a new topic. With the discussion of the essence of liquidity, this paper established an exchange-option-based corporate liquidity pricing model which combines the investment option and insurance option taking into considerations of their execution probabilities. And we apply the model to investigate the liquidity value of Chinese firms with the data of the listed companies in Shanghai stock market.

引用

页码：37 / +

页数：3

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