Research on the Loan-to-value Ratio of CERs Financing

摘要：

This paper focuses on the loan-to-value ratio of CERs financing when enterprises have CERs in current or in future. And it conies to a conclusion that the bank has a right to choose to face the default risk or not by the loan-to-value ratio when the enterprise takes the current CERs to pledge. Finally, a model of the loan-to-value ratio in which the bank has downside risk is built and the ratio can be solved.

关键词： CERs financing the loan-to- value ratio the default risk

作者: Guoxing Zhang Peng Liu Jianpeng Zhou

作者单位: School of Management, Lanzhou University, 730000 Lanzhou, China

会议类型: 国际会议

会议名称: The Fourth International Joint Conference on Computational Science and Optimization(第四届计算科学与优化国际大会 CSO 2011)

会议地点: 昆明、丽江

会议语种:英文

页码: 1137-1139

在线出版日期: 2011-04-15（万方平台首次上网日期，不代表论文的发表时间）