期权

只有少数几家公司向所有员工提供股票期权方案。

Only a handful of firms offer share option schemes to all their employees .

两家银行都同意给予对方其19.9%股份的期权。

Each bank has granted the other an option on 19.9 % of its shares .

这个集团成为了商品期权交易市场的销售巨头。

The group became a sales juggernaut in the commodity options business .

官员说这些期权会给投资者提供更长的利润积累期。

Officials say the options will offer investors a longer time in which to accrue profits .

确定美式Spread期权自由边界的一种算法

Numerical Method for Free Boundary Problem of American Spread Option

项目投资中的真实期权（RealOption）方法是目前金融经济学研究的热点问题。

The real option method in the project investment is a hot point problem in the research of current financial economics .

第二章尝试创建了融合实物期权思想的FDI理论。

In the chapter 2 , we tried to establish a FDI theory combined with real options thinking .

GH（集团）公司股票期权激励计划研究

The Analysis of the Stock Option Stimulating Program of GH Group

基于市场的战略柔性是指公司产生配置和重新配置优越的顾客价值的实物期权（RealOption）的意图和能力。

Strategic flexibility based on market refers to the intention and ability which a company has when producing the real option to configure and reconfigure superior customer value .

B2B电子市场下供应链期权合同协调模型与优化

Models and optimization of option contract coordination in supply chain with B2B E-market

Lagrange方法和期权定价

The Lagrange Method and Option Pricing

利用Fourier变换方法求出了带一般收益函数的欧式回望期权的定价公式。

By the method of Fourier transformation , the price formula for the European lookback options with general payoff function is determined .

作为一种重要的激励机制，经营者股票期权（ExecutiVeStockOption，以下简称ESO）在西方发达国家得到了广泛的应用。

As an important incentive mechanism , Executive Stock Option ( hereafter referred to as ESO ) has got the extensive application in the western developed country .

经理人股票期权（简称ESO）是现代公司的激励机制之一。

ESO ( executive stock option ) is one of the stimulating mechanisms of modern companies .

Black-Scholes期权定价模型

Black-Scholes Option Pricing Model

本文针对BlackScholes期权定价的定价偏差，介绍了一种对该模型的改进模型，它是通过将gamma过程作为时变过程嵌入BlackScholes期权定价模型中的布朗运动来实现的。

This paper introduces a new modification to Black Scholes option pricing model for pricing biases correction by bringing gamma process into Brownian motion as the time change process .

由于RD项目属于高风险项目，因此本文对RD项目所具有的各种可能的风险因素进行了深入分析，鉴别了可能存在的实物期权。

As R D project belongs to the high risk project , all kinds of risk element that can exist in R D project are analyzed and the Real Options that can exist in R D project are identified .

首先，对经典的Black-Scholes期权定价模型进行了分析，并利用风险中性定价方法推导出了Black-Scholes期权定价公式。

Firstly , the article studies the classic Black-Scholes Option Pricing Model and concludes the Black-Scholes Option Pricing Formula with the Risk-Neutral valuation method .

本文以此假设出发建立起一个更适合于评价RD项目现实期权价值的模型，并采用飞利浦的案例对其进行实证研究。

Based on this assumption , a model more suitable for assessing real options value of RD projects is built , and Philips ′ case is adopted to carry out empirical study .

随后依据KMV模型建立了基于期权的资金信托违约风险模型，提出了计算理论违约概率的方法；

In the paper , founded on the methodology of KMV model , the author constructs the option-based default risk model for money trusts .

采用线性回归及F检验，对我国上市公司当前股票期权及其涉及的会计处理和披露问题进行实证分析，并提出了会计处理方法的改进设想；

Using the linearity recursion and F test method , the paper makes positive investigation analysis about the accounting and disclosure problems of stock option plan in listed companies and then proposes the betterment of the stock option accounting process ;

方法改变Black-Scholes期权定价模型的基本假设，运用随机微分方程研究标的资产服从混合过程的期权定价。

Methods By changing basic assumption of Black-Scholes option pricing model , utilize the partial differential equation to study underlying asset pricing process which is mixed process .

股票期权（ExecutiVeStockOption）于1952年由美国辉瑞制药公司为避税引入薪酬体系之中。

Executive stock option which originated from using the Stock Option into the employee 's salary system for the purpose to avoiding the tax law by Pfizer pharmaceuticals company , United States in 1952 has become classic encouraging mode over a long period of time .

它不但找回DCF方法所低估的价值，还运用自身的优越性，帮助企业生成各种不同的实物期权（决策灵活性），从而增加了创业企业在高风险情况下的价值。

It could get back the underestimated value of DCF and help enterprises create various real options ( decision flexibility ), consequently , adding the value during high risks .

介绍了两种面向期权期货的保证金算法&基于情景的SPAN准则算法和基于最终净值的SEC准则算法，给出了这两种保证金都是一致性风险度量的具体证明，对两种算法进行了比较。

The paper introduced two methods on calculating the margins of options and futures , SPAN method and SEC method , presented detail proofs of the coherence of the two methods , and gave a brief comparison between them .

并应用神经网络B-P算法得到模型的参数，给出了一种新的期权定价模型。

The parameter of mixture gaussian distribute model is given by using the neural network B-P algorithm and a new option pricing mode is provided .

参照一篮子期权的几何平均B-S期权定价模型，给出了基于实物期权的多项土地资源储备与开发的算术平均收益的夏普比率优化目标函数。

The objective Sharpe ratio function of land development arithmetic average value portfolio is deduced based on the geometric average B-S model of the basket options in the paper .

直接利用随机微分方程的FeynmanKac定理推导出欧式股票权定价的BlackScholes公式，这种方法还可推广用于其他期权的定价。

By Feynman_Kac 's theorem in stochastic differential engineering , we obtain the Black_Scholes'pricing formula of European option underlying stock . This pricing method can be used in other options pricing models as well .

另外，本文首次讨论了期权价值变化相对于红利率和执行价格变化的比率Phi值和Tau值。

In addition , some conclusions about Phi value and Tau value were firstly presented , which relate the change of options price to the change of dividend and the change of exercise price respectively .

着重研究了保险期权的欧式期权与永久性美式期权定价，并在文献[2]基础之上，根据等价鞅或风险中性性质获得了比较令人兴奋的结论&类似于Black-Scholes期权定价公式与Merton期权定价公式。

Based on reference [ 2 ] and using equivalent martingale or the risk-neutral nature , the author reaches exciting conclusions , which are similar to the Black-Scholes option pricing formula and Merton option pricing formula .