2013

Chen, Z., H. Yang, S. Zhang——Journal of Systems Science and Systems Engineering: Pricing for Corporate Property Rights Transfer with Stochastic Markets

时间:2013-03-22
his paper employs the real option theory to develop a pricing model for the transfer of property rights.We list the conditions for the good,intermediate and bad firms respectively,and work out the closed-form solution to the equilibrium transfer price,the optimal transfer timing.Using the comparative static analysis,we find that for good firms the transfer price of the target is increasing in its capital.The higher the capital of the target owns,the faster it will be transferred.For intermediate
上一篇:张杰——《中国高校社会科学》:证券性金融支持与中国资本市场的性质和作用 下一篇:张杰 ——《金融评论》:金融分析的制度范式:哲学观及其他
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