{"id":"https://openalex.org/W3149283008","doi":"https://doi.org/10.1155/2021/5510715","title":"Application of Nonarbitrage Pricing Model and Finite Element Numerical Solution in the Value of Convertible Bonds in the Stock Market","display_name":"Application of Nonarbitrage Pricing Model and Finite Element Numerical Solution in the Value of Convertible Bonds in the Stock Market","publication_year":2021,"publication_date":"2021-01-01","ids":{"openalex":"https://openalex.org/W3149283008","doi":"https://doi.org/10.1155/2021/5510715","mag":"3149283008"},"language":"en","primary_location":{"id":"doi:10.1155/2021/5510715","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/5510715","pdf_url":"https://downloads.hindawi.com/journals/wcmc/2021/5510715.pdf","source":{"id":"https://openalex.org/S235346","display_name":"Wireless Communications and Mobile Computing","issn_l":"1530-8669","issn":["1530-8669","1530-8677"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Wireless Communications and Mobile Computing","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://downloads.hindawi.com/journals/wcmc/2021/5510715.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5046914467","display_name":"Xiaoxiao Guo","orcid":"https://orcid.org/0000-0002-9410-2360"},"institutions":[{"id":"https://openalex.org/I4210154710","display_name":"Wuxi Taihu Hospital","ror":"https://ror.org/05qp6pd10","country_code":"CN","type":"healthcare","lineage":["https://openalex.org/I4210154710"]},{"id":"https://openalex.org/I4405262778","display_name":"Wuxi Taihu University","ror":"https://ror.org/054ea1q94","country_code":"CN","type":"education","lineage":["https://openalex.org/I4405262778"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Xiaoxiao Guo","raw_affiliation_strings":["College of Commercial, Wuxi Taihu University, Wuxi, 214064 Jiangsu, China","College of Commercial, Wuxi Taihu University, Wuxi, 214064 Jiangsu"],"raw_orcid":"https://orcid.org/0000-0002-9410-2360","affiliations":[{"raw_affiliation_string":"College of Commercial, Wuxi Taihu University, Wuxi, 214064 Jiangsu, China","institution_ids":["https://openalex.org/I4210154710","https://openalex.org/I4405262778"]},{"raw_affiliation_string":"College of Commercial, Wuxi Taihu University, Wuxi, 214064 Jiangsu","institution_ids":["https://openalex.org/I4210154710","https://openalex.org/I4405262778"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5046914467"],"corresponding_institution_ids":["https://openalex.org/I4210154710","https://openalex.org/I4405262778"],"apc_list":{"value":2550,"currency":"USD","value_usd":2550},"apc_paid":{"value":2550,"currency":"USD","value_usd":2550},"fwci":0.2078,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.52182559,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":"2021","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9740999937057495,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9740999937057495,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9733999967575073,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9549000263214111,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/convertible-bond","display_name":"Convertible bond","score":0.9038457870483398},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5760345458984375},{"id":"https://openalex.org/keywords/convertible-arbitrage","display_name":"Convertible arbitrage","score":0.525058925151825},{"id":"https://openalex.org/keywords/black\u2013scholes-model","display_name":"Black\u2013Scholes model","score":0.4571019411087036},{"id":"https://openalex.org/keywords/embedded-option","display_name":"Embedded option","score":0.45095908641815186},{"id":"https://openalex.org/keywords/finite-element-method","display_name":"Finite element method","score":0.45058107376098633},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.41579368710517883},{"id":"https://openalex.org/keywords/bond","display_name":"Bond","score":0.3553808927536011},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3442957401275635},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.297046422958374},{"id":"https://openalex.org/keywords/capital-asset-pricing-model","display_name":"Capital asset pricing model","score":0.2966540455818176},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.2150479555130005},{"id":"https://openalex.org/keywords/arbitrage-pricing-theory","display_name":"Arbitrage pricing theory","score":0.18923869729042053}],"concepts":[{"id":"https://openalex.org/C192081164","wikidata":"https://www.wikidata.org/wiki/Q1056625","display_name":"Convertible bond","level":3,"score":0.9038457870483398},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5760345458984375},{"id":"https://openalex.org/C171493342","wikidata":"https://www.wikidata.org/wiki/Q5166503","display_name":"Convertible arbitrage","level":5,"score":0.525058925151825},{"id":"https://openalex.org/C163128081","wikidata":"https://www.wikidata.org/wiki/Q1338307","display_name":"Black\u2013Scholes model","level":3,"score":0.4571019411087036},{"id":"https://openalex.org/C24446708","wikidata":"https://www.wikidata.org/wiki/Q5370008","display_name":"Embedded option","level":3,"score":0.45095908641815186},{"id":"https://openalex.org/C135628077","wikidata":"https://www.wikidata.org/wiki/Q220184","display_name":"Finite element method","level":2,"score":0.45058107376098633},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.41579368710517883},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.3553808927536011},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3442957401275635},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.297046422958374},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.2966540455818176},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2150479555130005},{"id":"https://openalex.org/C142450864","wikidata":"https://www.wikidata.org/wiki/Q629941","display_name":"Arbitrage pricing theory","level":3,"score":0.18923869729042053},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.0},{"id":"https://openalex.org/C97355855","wikidata":"https://www.wikidata.org/wiki/Q11473","display_name":"Thermodynamics","level":1,"score":0.0},{"id":"https://openalex.org/C42854785","wikidata":"https://www.wikidata.org/wiki/Q2154735","display_name":"Risk arbitrage","level":4,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1155/2021/5510715","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/5510715","pdf_url":"https://downloads.hindawi.com/journals/wcmc/2021/5510715.pdf","source":{"id":"https://openalex.org/S235346","display_name":"Wireless Communications and Mobile Computing","issn_l":"1530-8669","issn":["1530-8669","1530-8677"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Wireless Communications and Mobile Computing","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:e710741a47af407ba563abeee3d9dc32","is_oa":false,"landing_page_url":"https://doaj.org/article/e710741a47af407ba563abeee3d9dc32","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Wireless Communications and Mobile Computing, Vol 2021 (2021)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2021/5510715","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/5510715","pdf_url":"https://downloads.hindawi.com/journals/wcmc/2021/5510715.pdf","source":{"id":"https://openalex.org/S235346","display_name":"Wireless Communications and Mobile Computing","issn_l":"1530-8669","issn":["1530-8669","1530-8677"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Wireless Communications and Mobile Computing","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","score":0.5,"display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[{"id":"https://openalex.org/F4320321605","display_name":"Government of Jiangsu Province","ror":"https://ror.org/004svx814"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3149283008.pdf","grobid_xml":"https://content.openalex.org/works/W3149283008.grobid-xml"},"referenced_works_count":14,"referenced_works":["https://openalex.org/W1507836501","https://openalex.org/W1972897822","https://openalex.org/W2028461145","https://openalex.org/W2031270155","https://openalex.org/W2054582645","https://openalex.org/W2157714812","https://openalex.org/W2256629614","https://openalex.org/W2593449789","https://openalex.org/W2600705285","https://openalex.org/W2607101269","https://openalex.org/W2683536169","https://openalex.org/W3121836621","https://openalex.org/W3122251602","https://openalex.org/W6735172584"],"related_works":["https://openalex.org/W2390482838","https://openalex.org/W592649936","https://openalex.org/W2360942112","https://openalex.org/W4388130578","https://openalex.org/W3126024987","https://openalex.org/W609833282","https://openalex.org/W2370618425","https://openalex.org/W2359086898","https://openalex.org/W1948687210","https://openalex.org/W1972897822"],"abstract_inverted_index":{"Because":[0],"of":[1,21,30,34,45,54,72,97,106,112,126,140,154,169,179,199,222,230,237,252,257,268],"its":[2,15],"creditor\u2019s":[3],"rights,":[4],"equity,":[5],"and":[6,17,70,94,130,145,150,164,189,226,244,249,290],"options,":[7],"convertible":[8,35,46,107,232,259],"bonds":[9,36,47],"have":[10,18],"been":[11],"developed":[12],"rapidly":[13],"since":[14],"emergence":[16],"become":[19],"one":[20],"the":[22,26,31,42,65,73,86,91,95,98,104,124,138,141,152,157,161,170,176,180,186,196,200,206,214,219,223,227,231,234,238,242,245,250,253,258,265,269,279],"main":[23],"tools":[24],"in":[25,48,68,90,103,203,272],"financial":[27],"market.":[28],"One":[29],"core":[32],"problems":[33],"is":[37,50,115,165,211,275],"pricing.":[38],"The":[39,109,135,261],"research":[40],"on":[41],"pricing":[43,88,120,128,143,181,201,270],"model":[44,89,121,125,136,158,202,210,243,271],"China":[49],"relatively":[51],"late.":[52],"Most":[53],"them":[55],"use":[56],"foreign":[57],"technologies,":[58],"but":[59],"they":[60],"are":[61,75],"quite":[62],"different":[63],"from":[64],"actual":[66,197],"situation":[67],"China,":[69],"most":[71,168],"models":[74],"characterized":[76],"by":[77,122],"a":[78,118],"single":[79],"factor.":[80],"Therefore,":[81],"this":[82,113,155,204,273],"paper":[83,114,274],"puts":[84],"forward":[85],"nonarbitrage":[87,127,142],"stock":[92],"market":[93,172,224],"application":[96],"finite":[99,131,146],"element":[100,132,147],"numerical":[101,133,148],"solution":[102],"value":[105],"bonds.":[108],"biggest":[110],"innovation":[111],"to":[116,193],"design":[117,153],"combined":[119],"using":[123],"theory":[129,144],"solution.":[134],"combines":[137],"advantages":[139],"solution,":[149],"through":[151],"paper,":[156,205],"effectively":[159],"improves":[160],"calculation":[162,187],"accuracy":[163],"suitable":[166],"for":[167],"current":[171],"environment.":[173],"While":[174],"improving":[175],"comprehensive":[177,266],"performance":[178,267],"model,":[182,248],"it":[183],"also":[184],"simplifies":[185],"methods":[188],"steps.":[190],"In":[191],"order":[192],"further":[194],"verify":[195],"effect":[198,240],"traditional":[207,280],"binary":[208,246,281],"tree":[209,247,282],"taken":[212],"as":[213],"experimental":[215],"contrast":[216],"object,":[217],"including":[218],"comparative":[220,235],"analysis":[221,251],"price":[225,229,255],"theoretical":[228],"bond,":[233],"experiment":[236],"prediction":[239],"between":[241],"relative":[254],"error":[256],"bond.":[260],"results":[262,289],"show":[263],"that":[264],"significantly":[276],"better":[277],"than":[278],"model.":[283],"This":[284],"study":[285],"has":[286],"achieved":[287],"ideal":[288],"can":[291],"be":[292],"widely":[293],"recommended.":[294]},"counts_by_year":[{"year":2022,"cited_by_count":1}],"updated_date":"2026-07-23T08:03:31.855105","created_date":"2025-10-10T00:00:00"}
