本研究主要的目的是分析可转换债券套利行为对发债公司股票流动性和股票有效性的影响。
The main aim of the paper is analyzing the impact of convertible bond arbitrage activity on stock market liquidity and efficiency.
本文考察了我国可转换债券市场结构、条款设计和外部条件的特殊性，利用无套利均衡分析的方法，以基准股票价格为驱动因素建立了有针对性的可转换债券定价模型。
Present thesis develop a stock-based pricing model with exogenous credit risk that accounts for almost all convertible bonds on Chinese market, which have soft put and soft call provisions.
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