| 问题债务投资策略与风险研究 |
| |
| 引用本文： | 李安勇,常海中.问题债务投资策略与风险研究[J].东北师大学报(哲学社会科学版),2006(6):74-77. |
| |
| 作者姓名： | 李安勇 常海中 |
| |
| 作者单位： | 中山大学,教育学院,广东,广州,510275;辽宁大学,经济学院,沈阳,辽宁,110036 |
| |
| 摘 要： | 问题债务投资策略包括主动投资与被动投资,在主动投资策略中,投资者可以利用问题债务进行套利活动、购买私有公司问题债务并将其置换为私有股权来取代原有股东或购买问题债务并将其转换为公司股权来达到收购目标公司的目的;在被动投资策略中,投资者主要通过发掘被低估的问题债务进行投资和持有问题债务分散投资风险。在问题债务投资给市场参与者带来可观收益的同时,其蕴含的风险也不容小觑,问题债务投资风险主要包括流动性风险、持有期风险和破产清盘风险。
|
| 关 键 词： | 问题债务 投资策略 投资风险 |
| 文章编号： | 1001-6201(2006)06-0074-04 |
| 修稿时间： | 2006年7月3日 |
Study on the Strategies and Risk of Investing Distressed Debt |
| |
| LI An-yong,CHANG Hai-zhong.Study on the Strategies and Risk of Investing Distressed Debt[J].Journal of Northeast Normal University(Social Science),2006(6):74-77. |
| |
| Authors: | LI An-yong CHANG Hai-zhong |
| |
| Abstract: | The investing strategies of distressed debt involve into passive investing and active investing.In active investing,investors may buy the debt and short the common stock of the distress debt to make arbitrage,turn distressed debt into private equity or purchase distressed debt to obtain controlling position for a takeover of the distressed firm.On the other hand,passive investing allows investors to purchase distressed debt as an undervalued security or to diversify portfolio risk.Investing distressed debt may gain sizeable return,but it includes some risks that can't be ignored.These risks mainly are liquidity risk,holding period risk and liquidation risk. |
| |
| Keywords: | distressed debt investing strategies investment risk |
| 本文献已被 CNKI 万方数据 等数据库收录！ |
|
