财经科学
財經科學
재경과학
Finance and Economics
2011年
10期
117~124
,共null页
价格波动独立 存货组合质押 质押率 影响因素
價格波動獨立 存貨組閤質押 質押率 影響因素
개격파동독립 존화조합질압 질압솔 영향인소
Price Fluctuation Independence; Double Category Inventory Financing; Loan- to- Value Ra- tio; Influencing Factors
本文假设静态质押模式下组合质押存货的价格变动相互独立并服从对数正态分布。在此基础上，构建质押率决策模型并对其影响因素进行分析。研究结果表明：存在使银行期望利润最大化的最优质押率；质押率与银行贷款利率呈同向递增趋势，随着贷款周期的增加呈现先增加后减小趋势。
本文假設靜態質押模式下組閤質押存貨的價格變動相互獨立併服從對數正態分佈。在此基礎上，構建質押率決策模型併對其影響因素進行分析。研究結果錶明：存在使銀行期望利潤最大化的最優質押率；質押率與銀行貸款利率呈同嚮遞增趨勢，隨著貸款週期的增加呈現先增加後減小趨勢。
본문가설정태질압모식하조합질압존화적개격변동상호독립병복종대수정태분포。재차기출상，구건질압솔결책모형병대기영향인소진행분석。연구결과표명：존재사은행기망리윤최대화적최우질압솔；질압솔여은행대관리솔정동향체증추세，수착대관주기적증가정현선증가후감소추세。
In this paper, It has been assumed that the price change of double category inventory financing under the mode of static pledge is mutual independence and has followed lognormal distribution. On this basis, a decision model has been established and some analyses have been between loan- to- value ratio and its influence factors were analyzed. The results have indicated that： an optimal loan- to- value ratio should have existed. Loan- to- value ratio has shown a coincidental increasing trend with a bank loan interest rate, and shown a first increases, then decreases trend with mortgage cycle.
