证券投资者保护基金的收支系统研究——基于倒向随机微分方程的系统模型

证券投资者保护基金是投资者权益保护的重要工具,而对于证券投资者保护基金的收入和支出的定量分析研究更是其中的核心问题之一。本文基于倒向随机微分方程对证券投资者保护基金的收支系统进行探索式研究,将相关的现实内容进行模型化处理与数理表达。根据模型的数理结果,证券投资者保护基金向证券公司收费金额是预期赔偿金额的增函数,与市场风险资产的波动正向关联;但与无风险资产的收益率及风险资产的预期收益率均负向相关。本文据此提出了有针对性的政策建议。

Research on Income and Payment System of Security Investor Protection Fund

Security Investor Protection Fund is an important tool for investor protection,and its core problem is a systematic quantitative study of the income and payment system.First,the author does the literature summary,carding and classifying related literatures both domestic and overseas in depth,comprehensively and systematically.Then,the author describes and explains the theoretical and practical significance of this paper and makes use of microeconomic theoretical modeling methods to establish BSDE of Securit...