机构地区: 华中科技大学数学与统计学院数学系
出 处: 《华中科技大学学报(自然科学版)》 2004年第2期98-100,共3页
摘 要: 利用公司金融期权博弈理论 ,讨论了有限到期日保险债券的价值 ,分析了公司最优资本结构 ;在破产首次到达时的概率分布已知时 ,获得了股东内生破产阈值和担保人最优保险费率的解析表达式 。 The value of insured debt with limited maturity was d is cussed by using the options game theory of corporate finance. The endogenous ban kruptcy triggers and optimal insurance premium were obtained after analyzing the optimal capital structure of the firm under the probability distribution of the first passage time of bankruptcy. These results provided theoretic basis for th e design of insured debt.