基于倒向随机微分方程理论的企业融资决策研究-research on enterprise financing decision based on backward stochastic differential equation theory.docxVIP

优秀毕业论文 精品参考文献资料 权益性资本越小；当债务资本的利率和企业的期望收益率一定时，企业的收益波 动系数与企业的权益性资本成正相关，即企业的利润波动系数越大，则企业的股 权资本越大。两点结论都可以在日常的社会生活中得到合理的验证。其次，从定 量分析的角度来看，通过本文的研究，得出了企业通过自身的收益率、收益波动 率、债务资本的利率与企业的股权融资资本之间的公式关系，通过这样的公式， 又可以求出具体的数值。 关键词： 倒向随机微分方程；融资决策；股权融资；债权融资 III Research on Financing Decision Based on BSDE Theory Abstract In the modern market economy, every enterprise have to face the difficult position which the fund is insufficient when it needs to grow, thus the enterprise will collect fund through some methods. With the fast development of the finance market, there are lots of ways to collect fund for the enterprise, therefore the best financial decision is a question each enterprise have to face, and also it is one of important problem the enterprise could survive or not in a long term. Until now, domestic and foreign specialists attach importance to it, so the financial decision theory has a mature development recently. But nowadays, financial market is even more active, increases the ways to collect fund greatly. It provide more methods for the enterprise when it needs fund, but unreasonable financial decision will causes financial crisis in the short-term and increase risk. This thesis has conducted the innovative research in the enterprise financial decision theory, put the backward stochastic differential equation and the financing decision-making theory together, applies the backward stochastic differential equation into the financing behavior , not only have the traditional qualitative investigation, but also have new Quantitative Research. First the article builds a new model which applies backward stochastic differential equation into financial decision, then analyzes this modal, and find the solutions from according to the goal of the enterprises. Besides it solve uncertainty problem in the market economy. This research plans to use the standard research and the Empirical research .Through the literature research, it builds a new modal which apply backward stochastic di