风险偏好与民间借贷利率定价文献综述  

Literature Review of Risk Preference and Private Lending Rate Pricing

作　　者：何涌 董怡云 谢宁 HE Yong;DONG Yiyun;XIE Ning(College of Economics and Trade,Hunan University of Technology,Zhuzhou Hunan 412007,China;College of Business,Hunan University of Technology,Zhuzhou Hunan 412007,China)

机构地区：[1]湖南工业大学经济与贸易学院,湖南株洲412007 [2]湖南工业大学商学院,湖南株洲412007

出　　处：《湖南工业大学学报》2018年第6期78-84,共7页Journal of Hunan University of Technology

基　　金：教育部人文社会科学研究规划基金资助项目(18YJAZH026);湖南省社会科学成果评审委员会基金资助项目(XSP18YBZ022)

摘　　要：在投资行为学领域,风险偏好已经成为学者们关注的热点,风险偏好影响着利率定价,民间借贷作为正规金融的必要补充,其利率定价回归合理区间尤为重要。民间借贷利率与某些指标的具体相关关系,不能反映民间借贷利率独特的结构特点和变化规律。在系统梳理相关风险偏好研究文献的基础上,综述了风险中立、风险厌恶和风险追求与民间借贷利率定价的关系,以期从风险偏好的角度,引出对民间借贷利率水平定价方法的相应研究。In the field of investment behavior, risk preference has become a research hotspot for current scholars. Risk preference affects interest rate pricing, and private lending, and as a necessary supplement to formal finance it is of particular importance for its interest rate pricing to return to a reasonable range. However, the specific correlation between private lending interest rate and some indicators fails to reflect the unique structural characteristics and changing rules of private lending interest rate. Based on the systematic review of the relevant research literature of risk preference, this paper summarizes the relationship between risk neutrality, risk aversion, risk seeking and the pricing of private lending interest rate, with a view to eliciting corresponding research on the pricing method of private lending interest rate level from the perspective of risk preference.

关 键 词：风险偏好 民间借贷 利率定价 随机贴现因子 

分 类 号：F830.5[经济管理—金融学]