面向资本结构优化的债券发行参数建模

Proceedings of the Fourth Workshop on Computer Modelling in Decision Making (CMDM 2019) Pub Date : 2019-12-12 DOI:10.2991/ahcs.k.191206.001

Yulia Semernina, K. Odinokova, E. Nesterenko, E. Korobov, A. Usmanova

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引用次数: 0

摘要

本文提出了利用债券发行作为系统工具，通过最优资本结构为企业资产融资的八步算法计算模型。该模型的关键是在方法上准确地计算平均信用利差，考虑到可销售和模型问题的成熟度差异以及考虑市场因素。该模型允许使用债务融资作为财务经理的融资和降低资本成本的工具。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Modeling of the Bond Issue Parameters for the Capital Structure Optimization

The article proposes a computational model with eightstep algorithm for usage bond issuance as a systematic instrument to finance corporate assets by optimal capital structure. The crucial model points are methodologically accurate calculation of the average credit spread accounting the difference in maturity of marketable and modeled issues and the consideration of market factors. The model allows using debt financing as a financial manager’s tool for funding and lowering cost of capital.

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Proceedings of the Fourth Workshop on Computer Modelling in Decision Making (CMDM 2019)

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