Journal of Northeastern University(Social Science) ›› 2019, Vol. 21 ›› Issue (6): 575-582.DOI: 10.15936/j.cnki.1008-3758.2019.06.004

• Economics and Management • Previous Articles     Next Articles

Research on Measurement of the Risk of Sharing Economy System in China——Taking the Bicycle Sharing Enterprise YOUON as an Example

SUN Liang1, LYU Dan-ni2   

  1. (1. College of Comprehensive Foundation Studies, Liaoning University, Shenyang 110036, China; 2. Office of Party and Government Affairs, Anshan TV Station, Anshan 114001, China)
  • Received:2019-05-10 Revised:2019-05-10 Online:2019-11-25 Published:2019-11-26
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Abstract: With the maturity of mobile Internet technology, sharing economy has shown a savage development in China. At the same time, the huge risks behind this new economy have aroused more and more concerns of all circles. Aiming at the deficiency to measure new economic risk model in the existing research literature, this paper brings the investment risk measurement model in financial engineering to sharing economy system risk analysis. Under the condition that all ARCH LM tests are passed, the VaR risk sequence value of YOUON, a bicycle sharing enterprise, is calculated through three extended VaR models. A posteriori test of the risk measurement results is carried out. The results show that the extended VaR models can accurately simulate the risks involved in sharing economy with higher risk measurement reliability.

Key words: sharing economy, risk measurement, VaR model

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