中南大学学报：社会科学版
中南大學學報：社會科學版
중남대학학보：사회과학판
Journal of Central South Huiversity: Social Science
2007年
2期
193~197
,共null页
房地产价格 抵押贷款风险 对数正态分布模型
房地產價格 牴押貸款風險 對數正態分佈模型
방지산개격 저압대관풍험 대수정태분포모형
price of real estate; risk of mortgage loan; model of logarithm normal distribution
借鉴金融理论中关于资产收益率的正态分布规律，依据房地产抵押贷款中抵押人与抵押权人所拥有房地产价值的差异，构建并修正了房地产价格对数正态分布模型。在此基础上，给出了一种度量房地产抵押贷款风险的方法，得出了房地产抵押贷款风险值与价格波动率、折旧率、抵押比、处置费用和置信度等因素有关的结论。
藉鑒金融理論中關于資產收益率的正態分佈規律，依據房地產牴押貸款中牴押人與牴押權人所擁有房地產價值的差異，構建併脩正瞭房地產價格對數正態分佈模型。在此基礎上，給齣瞭一種度量房地產牴押貸款風險的方法，得齣瞭房地產牴押貸款風險值與價格波動率、摺舊率、牴押比、處置費用和置信度等因素有關的結論。
차감금융이론중관우자산수익솔적정태분포규률，의거방지산저압대관중저압인여저압권인소옹유방지산개치적차이，구건병수정료방지산개격대수정태분포모형。재차기출상，급출료일충도량방지산저압대관풍험적방법，득출료방지산저압대관풍험치여개격파동솔、절구솔、저압비、처치비용화치신도등인소유관적결론。
This paper draws lessons from the law of the nomal distrubition in the property rate of return of the financial theories, it sets up and revises the model of logarithm normal distribution according to the difference of the value of the real estate owned between the mortgagor and the mortgagee in the real estate mortgage loan. Based on the above analysis, the authors suggest a method of compution on the risk of real estate mortgage loan risk, and draw the conclusion that Real Estate Value at Risk of Mortgage Loan is related with the rate of price stochastic volatility, the rate of deoreciation, the rate of mortagage, the fee of disposition and believability.
