關于券商投行業(yè)務的風險研究.pdf

1、同濟大學碩士學位論文關于券商投行業(yè)務的風險研究姓名：周雯申請學位級別：碩士專業(yè)：國際貿易學指導教師：陸寶群20031205同濟大學碩十學位論文關于國內券商投行業(yè)務的風險研究AbstractInChinabecauseoftherecessionofthestockmarkettherisksofthetraditionalinvestmentbankingoperationunderwritingaregetingmoreandmore

2、notablewhichrestrictthedevelopmentofthesecuritycompanies.Howtobalancetheproceedsandtherisksofunderwritinghasbecomeoneofthemostimportantproblemsforthecompanies.Firstfromtheangleofthesecuritycompaniesthispaperusesthetheori

3、esofriskandriskmanagementandcombineswiththefacttoanalyzetherisksofunderwriting.ThenfromtheangleofquantitativeanalysisitchoseVaR(valueatrisk)todescribethemarketriskofunderwriting.Afterthatthepaperusetheportfoliotheorytoan

4、alyzehowtherisksofunderwritingaffecttheoperationofthesecuritycompany.Finallyinordertomanagertheunderwritingrisksonthebasisofmaximizingthebenefitofthesecuritycompany!useEMR(enterprisewideriskmanagement)tomanagertherisks.A

5、ccordingtothethemementionedabovethispaperprovidesthedefinitiontheconnotationandthecharacterofRiskanalyzestheoperatingriskofthesecuritycompanybyreviewingitsprocessofdevelopmentbriefly.Afterspecializingthecharacteristicofi

6、nvestmentbankingthispaperdescribesallkindsofrisksandoperatingsituationofinvestmentbankingandpointsthenecessityofcontrollingtheserisks.ConsideringtheincontinuityofthisbusinessthispaperchoosesValueatRisk(VaR)tomeasureitsri

7、sk.Throughtheportfoliotheoryandriskdecentralizationthepapercomparesinvestmentbankbusinesswithotheronesinthesecuritycompanydiscussestheircorrelationanddecidesthatthisbusinesswillafectcapitalassignmentandsecurityofthewhole

8、company.WiththeanalysisaboveandbasicriskmanagementtheorytheauthorindicatesthatitistimetocarryoutEnterprisewideRisktomanagetherisksofunderwritingandputforwardsomeadviceincludingbuildinginnerriskmanagementsystemofthewholes