Title :
Analyses on bond yields and risks of short-term financing bonds in unlisted state-owned enterprises
Author :
Cheng, Zhe ; Tang, Manping ; Jia, Mingwen ; Meng, Zening
Author_Institution :
Coll. of Econ. & Manage., Sichuan Agric. Univ., Chengdu, China
Abstract :
This paper analyzes main factors that affect yield rates and risks of short-term financing bonds in Huainan Mining Group by KMV model and SHIBOR standard. The result indicates a smaller credit risk, a potential increase of the interest risk and a smaller liquidity risk as well. In addition, other risks like safety risk, guarantee risk and environmental protection policy risk are also significant factors for investors and the management.
Keywords :
finance; risk analysis; KMV model; SHIBOR standard; bond yields; credit risk; environmental protection policy risk; guarantee risk; interest risk; liquidity risk; safety risk; short-term financing bonds; unlisted state-owned enterprises; Analytical models; Coal; Companies; Economic indicators; Finance; Safety; KMV model; SHIBOR; credit risk; interest risk; short-term financing bonds;
Conference_Titel :
Computer Science and Service System (CSSS), 2011 International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-4244-9762-1
DOI :
10.1109/CSSS.2011.5972198