摘要
债券定价模型阐释了在假定无交易税的条件下债券资产的定价机制。然而,交易税与所得税都会影响债券资产价格。拓展的债券含税定价模型能够揭示资产定价机制中的税收效应机理,并反映资产定价机制中的税收因素与风险因素的相互作用过程。
Bond pricing model illustrates the pricing mechanism of bond asset on the premise that transaction tax is free.However,transaction tax and income tax could influence bond asset price.Expanded bond pricing model including tax reveals the tax effect and further explains the interaction of tax factors and risk factors in asset pricing mechanism.
出处
《税务与经济》
CSSCI
北大核心
2011年第3期77-80,共4页
Taxation and Economy
基金
国家社会科学基金项目"金融市场税收政策效应评估与税制优化研究"(项目编号:07XJY033)的研究成果之一
关键词
债券定价机制
税收效应
风险效应
综合效应
bond pricing mechanism
tax effect
risk effect
comprehensive effect
