艺术品证券化的风险分析与现实反思

发布时间：2018-04-18 21:27

本文选题：艺术品证券化 + 资本资产定价模型　；参考：《统计与信息论坛》2013年06期

【摘要】：从艺术品证券化发展历程中的特点可以看出艺术品证券化模式是一把"双刃剑",从实证分析中可以看出它的收益与系统性风险呈负相关关系,违背了"高风险高收益"的基本投资原则,不存在CAPM所设想的系统性风险与收益之间的显著线性相关关系,说明中国艺术品证券投资市场是一个不成熟不健全的投资市场。目前艺术品证券化模式已经被叫停,因此有必要对这种模式进行反思总结,并探索一条适合中国艺术品投资实际的新路子。
[Abstract]:From the characteristics of the development of art securitization securitization can be seen in art is a "double-edged sword", it can be seen from the empirical analysis of income and systemic risk is negatively correlated, contrary to the basic principles of investment with high risk and high income ", there is no significant linear between risk and return system CAPM envisions the relationship that China art of securities investment market is not a mature imperfect investment securitization market. The artwork has been stopped, so it is necessary for the model to reflect summary and explore a new way for the China art investment practice.

【作者单位】：广西师范大学经济管理学院;
【基金】：教育部人文社会科学研究青年基金项目《西部地区文化产业升级机制与路径研究——基于波特钻石模型的视角》(11YJC630114)
【分类号】：J124;F832.51

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