2009•Yunnan Caijing Daxue xuebaoRequires access
Review on the Theoretical Research of Warrants
Jing Liu
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Abstract
Since 1970s,an intensive study has been made by the academic cycle on warrant,a kind of derivative financial instrument.Great attention has been paid on the research literatures in five aspects,including the pricing of warrant,measuring and risk-avoiding of warrant risks,price discovery function of warrant,the influence of warrant on stocks and the domestic warrant market.A review is made on the theoretical value of the literatures,and new thoughts on the warrant research are proposed by the author.