企业碳排放权资产评估研究.docVIP

PAGE I 企业碳排放权资产评估研究——基于B-S 期权定价模型 摘 要 从工业革命开始，人类在工业生产过程中排放了大量的温室气体，这导致全球气候变暖，生态环境破坏。为了保护环境，人类开始转变生产方式，发展低碳经济。随着碳交易市场的发展，企业越来越重视对碳排放权的资产评估。通过研究对碳排放权资产评估，有利于中国碳交易市场往体系化建设。 首先本文简单描述了国内外碳交易市场的发展状况；然后，通过无形资产的特点来比较碳排放权，确认将碳排放权视为无形资产来评估资产；接着，分析传统无形资产的评估方法，并分析其适用性；再之，引入实物期权法中B-S 期权定价模型，通过该模型来进行实例分析，评估碳排放权资产；最后通过实例分析结果，总结B-S 期权定价模型在运用时的不足，并针对缺陷提出建议。 关键词：碳排放权；资产评估；B-S 期权定价模型  Research on Asset Evaluation of Enterprise Carbon Emission Rights——Based on the B-S option pricing model ABSTRACT Since the industrial revolution, humans have emitted a large amount of greenhouse gases in the process of industrial production，This leads to global warming and destruction of the ecological environment.In order to protect the environment, human beings have begun to transform their production methods and develop a low-carbon economy.With the development of carbon trading market, enterprises pay more and more attention to the asset evaluation of carbon emission rights.Through research on the assessment of carbon emission rights assets, it is conducive to the systematic construction of Chinas carbon trading market. First of all, this paper briefly describes the development of carbon trading markets at home and abroad;Then, compare carbon emission rights through the characteristics of intangible assets, and confirm that carbon emission rights are regarded as intangible assets to evaluate assets;Next, analyze the evaluation methods of traditional intangible assets and analyze their applicability;Furthermore, the B-S option pricing model in the real option method is introduced, and the model is used to conduct case analysis and evaluate carbon emission rights assets;Finally, through the analysis of the results of examples, it summarizes the shortcomings of the B-S option pricing model in the application, and puts forward suggestions for the shortcomings. Key Words: Carbon Emission Rights; Asset Evaluation; B-S Option Pricing Model. 目 录 TOC \o 1-3 \u 摘 要 I ABSTRACT II 1 引言 3 2 企业碳排放权的概述