摘要
可转债是一种较为复杂的金融衍生产品。对我国可转债的理论价格与市场价格的差异做实证分析,表明在资本市场无法满足做空套利机制下,可转债理论价格远高于市场价格,需用偏最小二乘回归方法进行可转债的定价预测。
Convertible bonds is a kind of hybrid financial products. This article has investigated the ditterence between the theoretical pnces and the market prices of the convertible bonds in China. It is verified that the theoretical prices are higher than the market prices of the convertible bonds in China for the limitation of short sales. To solve the problem of pricing convertible bonds, the partial least squares method is presented.
出处
《广播电视大学学报（哲学社会科学版）》
2006年第2期83-86,共4页
Journal of Radio & TV University(Philosophy & Social Sciences)
