无套利均衡分析

1

无套利均衡分析在公司理财领域的运用最早体现在莫迪格莱尼和米勒（1958）研究企业资本结构与企业价值之间关系的MM理论中。

While it is Modigliani and Miller who first use no arbitrage principle in corporate finance field to explain MM theory , which is about the relationship of firm 's capital structure and it 's value .
2

本文使用金融工程组合分解和无套利均衡分析方法，先将结构化产品分解为债券和期权合约，再运用常见的方法和技术模型对其定价。

In this paper , with the use of financial engineering techology and no-arbitrage analysis , we divided into bonds and options contracts .
3

本文考察了我国可转换债券市场结构、条款设计和外部条件的特殊性，利用无套利均衡分析的方法，以基准股票价格为驱动因素建立了有针对性的可转换债券定价模型。

Present thesis develop a stock-based pricing model with exogenous credit risk that accounts for almost all convertible bonds on Chinese market , which have soft put and soft call provisions .
4

无套利原理在众多的财务理论中的广泛应用，使得基于无套利原理的无套利分析方法与均衡分析方法一道成为公司理财学的基本分析方法。

With no arbitrage principle used in more corporate finance theory research , no arbitrage analysis becomes a basic analysis method in corporate finance , just as equilibrium analysis .