Risk measurement model and empirical study based on VaR for convertible bond

Pei Wu Dong*, Jian Wen Lin, Fu Gao Bai

*此作品的通讯作者

    科研成果: 书/报告/会议事项章节会议稿件同行评审

    摘要

    Convertible Bond is a financial derivative with characteristics of fixed income securities and equity securities. This paper analyzes the value of convertible bonds, and constructs the short-term investment risk model measuring the bonds with the method of Value at Risk. The greatest loss of Shuiyun convertible bond one day in the future is forecasted in the risk measurement model by collecting some continuous closing prices of the bond and the relevant stock, and the result is satisfactory with the error below 5 percent, which shows that the risk measurement model provided effective forecasting for decision making.

    源语言英语
    主期刊名Proceedings of 2007 International Conference on Management Science and Engineering, ICMSE'07 (14th)
    出版商Institute of Electrical and Electronics Engineers Inc.
    1911-1915
    页数5
    ISBN(印刷版)9787883580805
    DOI
    出版状态已出版 - 2007
    活动2007 International Conference on Management Science and Engineering, ICMSE'07 - Harbin, 中国
    期限: 20 8月 200722 8月 2007

    出版系列

    姓名Proceedings of 2007 International Conference on Management Science and Engineering, ICMSE'07 (14th)

    会议

    会议2007 International Conference on Management Science and Engineering, ICMSE'07
    国家/地区中国
    Harbin
    时期20/08/0722/08/07

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