期权定价理论及在我国资产评估领域应用的分析

Option Pricing Theory and its Application in Valuation in China

本文首先介绍了布莱克——斯科尔斯期权定价模型(B-S模型)的产生背景、前提假设与期权定价理论的发展简史;然后介绍了B-S模型的一些变型,接着又介绍了二叉树期权定价模型及其假设,以及B-S模型在股指期权、货币期权、期货期权及实物期权等领域中的应用;最后,作者结合会计准则与评估准则,强调了继续研究期权定价理论的必要性和迫切性。

This article firstly introduced the backgrounds and assumptions of Black-Scholes Option Pricing Model and the development history of option pricing theories,and some derivative models of Black-Scholes Model.Then,the article introduced binomial option pricing model and its assumptions,and the application of Black-Scholes model in stock index option,monetary option,futures option and real option.Lastly,the author combined the accounting and valuation standards,and emphasized the necessity and urgency of further study on the option pricing theory.