摘要
利用二叉树定价原理,以碳中和领域龙头企业盈峰环境科技集团股份有限公司发行的盈峰转债为例,选取2021年5月13日到2021年6月2日之间盈峰转债的数据,比较分析碳中和可转换债券的理论价值和市场价格,结果显示:碳中和产业可转债的内在理论价值与实际市场价格之间存在较大偏差。针对碳中和产业现状分析偏离原因提出了建议。
Based on the binary tree pricing principle,this paper took the Yingfeng convertible bonds issued by Infore Environment Technology Group Co.Ltd.as an research example,which is a leading enterprise in the field of carbon neutrality.It compared and analyzed the theoretical value and market price of carbon neutral convertible bonds by selecting the data of Yingfeng convertible bonds from May 13,2021 to June 2,2021.It drew the conclusion including there was a big deviation between the intrinsic theoretical value of carbon neutral industrial convertible bonds and the actual market price.It analyzed the reasons for the deviation and then put forward some suggestions according to the current situation of carbon neutral industry.
作者
沈一诺
张胜良
SHEN Yi-nuo;ZHANG Sheng-liang(College of Economics and Management,Nanjing Forestry University,Nanjing 210037,China)
出处
《中国林业经济》
2022年第3期140-143,共4页
China Forestry Economics
基金
教育部人文社科基金项目“基于两种市场决策机制的林业碳汇价值评估研究”(21YJC790162)。
关键词
碳中和
可转债价值
二叉树模型
Carbon neutral
Value of convertible bonds
Binary tree model
