PRICING FOR CORPORATE PROPERTY RIGHTS TRANSFER WITH STOCHASTIC MARKETS-中国期刊网

摘要 Thispaperemploystherealoptiontheorytodevelopapricingmodelforthetransferofpropertyrights.Welisttheconditionsforthegood,intermediateandbadfirmsrespectively,andworkouttheclosed-formsolutiontotheequilibriumtransferprice,theoptimaltransfertiming.Usingthecomparativestaticanalysis,wefindthatforgoodfirmsthetransferpriceofthetargetisincreasinginitscapital.Thehigherthecapitalofthetargetowns,thefasteritwillbetransferred.Forintermediateandbadfirms,similarconclusionscanbederived.Thelargergapbetweentheacquirer'ssizeandmarketpowerandthoseofthetarget,thelowerthetransfertriggeredprice.Thetransferpricegoesupasthecapitalratiooftheacquireroverthetargetdiminishes,whileitisdecreasingintheamountofthecapitalthetargetowns.

1Federica Gioia. trbitrage and Pricing in Financial Markets with Interval Data.国际贸易,2012-05.
2王桂兰. PRICING AND HEDGING OF AMERICAN CONTINGENT CLAIMS IN INCOMPLETE MARKETS.基础数学,1999-02.
3Xiang Hongqiao;Liu Zhenghua. Moral property rights and harmonious society.政治经济学,2007-02.
4LIU Wen-qiong;LI Sheng-hong. European option pricing model in a stochastic and fuzzy environment.基础数学,2013-03.
5Juan Ilich Perez Garcia;Martin C. Vera Martinez. Public Value and Privatization of Property Rights in the Americas.政治学,2015-10.
6Abdul Noor Basha;Gudimetla Venkata Satyasekhar. Modus operandi of transnational transfer pricing for window dressing.会计学,2010-06.
7. Intellectual property rights gained in coal gasification technology.电机,2005-01.
8SHI Xue-qiao. SWOT analysis of the Shanxi agriculture intellectual property rights.国际贸易,2010-06.
9Shufang Deng. Local Government-owner Bidder and Corporate Control Transfer.会计学,2006-06.
10José G Vargas-Hernández. The transfer of governance from the nation state to a corporate global economy.政治学,2008-06.

PRICING FOR CORPORATE PROPERTY RIGHTS TRANSFER WITH STOCHASTIC MARKETS

来源期刊

相关推荐

同分类资源更多

相关关键词

PRICING FOR CORPORATE PROPERTY RIGHTS TRANSFER WITH STOCHASTIC MARKETS

来源期刊

相关推荐

同分类资源 更多

相关关键词

同分类资源更多