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| 实物期权方法在果木林权流转中的应用 | |
| 引用本文： | 李超杰,徐静,王政. 实物期权方法在果木林权流转中的应用[J]. 价值工程, 2011, 30(34): 265-266 |
| 作者姓名： | 李超杰 徐静 王政 |
| 作者单位： | 1. 交通银行江苏分行,南京,210009 2. 南京森林警察学院,南京,210046 3. 东南大学经济管理学院,南京,211189 |
| 摘 要： | 文章以实物期权理论为基础,结合林权的期权特性,将实物期权的方法应用到林权流转中去,为果木林权的流转和果品的出售分别设计一个欧式看跌期权,以减少林权投资风险,增强经营的灵活性。同时,利用实物期权定价模型中的二叉树模型,对看跌期权的价值进行估值,以解决林权流转中价值评估的问题,为林权投资者的决策提供一定的价值参考。 |
| 关 键 词： | 实物期权 林权流转 看跌期权 二叉树模型 |
Application of Real Option Method in Delivery of Fruit Tree Property Right |
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| Li Chaojie,Xu Jing,Wang Zheng. Application of Real Option Method in Delivery of Fruit Tree Property Right[J]. Value Engineering, 2011, 30(34): 265-266 | |
| Authors: | Li Chaojie Xu Jing Wang Zheng |
| Affiliation: | Li Chaojie① ;Xu Jing② ;Wang Zheng③ (①Bank of Communications,Jiangsu Branch,Nanjing 210009,China;②Nanjing Forest Police College,Nanjing 210046,China; ③School of Economic and Management,Southeast University,Nanjing 211189,China) |
| Abstract: | This paper based on real option theory,tried to use real option method in the delivery of fruit tree property right combining with the futures characters of forestry property,then designed separately European put options for the delivery of fruit tree property right and sell of fruits products both to reduce risk of investing fruit tree property program and increase the flexibility of operation.And meanwhile,we used binomial tree model to estimate the price of put futures in order to solve the appraisement ... |
| Keywords: | real option forestry property delivery put option binomial tree model |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ | |