【作者】 夏仕文；

【导师】 任飞；

【作者基本信息】 华东理工大学 ， 工商管理， 2012， 硕士

【摘要】 本文通过参考相关房地产投资理论和统计方法,包括房地产投资四象限模型、REITS融资理论,定性得到金融投资价格变动会通过影响商业地产开发数量而影响后期的转手价格。论文通过对2010-2011年全国主要一线城市、二线城市等地金融投资机构对商业地产的大宗收购与转让交易案例的调查和香港世邦魏理仕CBRE每月公布的房地产并购报告,运用描述性统计分析、一元回归分析、含虚拟变量的回归模型、金融投资倾向的SWOT分析等,对金融机构特性、交易金额和商业地产特性进行相关性分析和研究,探索金融投资对大宗商业地产交易的资本偏好,得到我国商业地产投资额和项目规模之间存在着双向的线性相关性。投资资金的来源和项目建成后的使用类别虽然从一定程度上影响了金融投资额的决策,但是目前能够影响项目规模和金融投资额度大小的因素是该项目所处的地理环境。而不同的区域环境则会给商业地产的金融投资带来不同的机遇和挑战。文章希望以此为第三方(数据信息平台服务商与咨询解决方案的提供商)的商业地产新业务模式提供发展建议。更多还原

【Abstract】 Reference to relevant theory and statistical methods of real estate investment, including four-quadrant model of real estate investment and REITS finance theory, this paper describes qualitatively that price change of financial investment will affect later resale price through affecting the quantity of commercial real estate. Based on the investigation of financial investment institutions of the nation’s major and secondary cities to block trading cases of commercial property from 2010 to 2011, and Hong Kong CBRE’s monthly real estate acquisition report, using descriptive statistical analysis, simple regression analysis, regression model with dummy variable and the SWOT analysis of financial investment propensity. This paper researches on the correlation of finance institutions character, transaction amount and commercial property character, and then explores the financial investment’s capital preference to block trading cases of commercial real estate. It concludes that the two-way linear correlation exsits between our commercial real estate investment amount and project size. Although a certain extent, the source of investment funds and the use of categories after completion of the project will affect the decisions of financial investment amount, at present it is the geographical location of the project that can affect the project size and the financial investment amount. Different areas environment will bring out different opportunities and challenges to financial investment of commercial real estate. I hope this paper could provide some valuable suggestions and references to the market-oriented company, developing their new business model about commercial real estate for data information platform service providers and consulting solutions providers.更多还原