毕业设计--端义成.doc

图书分类号： 密 级： 毕业设计(论文) 银河房地产投资风险分析与防范 INVESTMENT RISK ANALYSIS AND PREVENTION OF YINHE REAL ESTATE 学生姓名 端义成 班 级 09房管1 学 号 20091512132 学院名称 管理学院 专业名称 工程管理（房地产经营管理） 指导教师 牛鸿蕾 2013年 5月 23日  摘要 近年来，我国房地产业迅猛发展。但是房地产建设周期长、项目投资额大，开发过程中不可预见的因素较多，投资方通常面临着各种风险。而且管理者风险意识淡薄，风险管理水平也比较低，导致房地产企业投资风险大大增加。本文在总结国内外投资风险研究的基础上，系统提出了房地产投资风险的类型以及房地产投资风险分析的必要性。然后以南京市银河房地产开发有限公司为研究对象，以银河项目为例进行敏感性分析与偿债能力分析，对房地产企业面临的投资风险进行了分析，并提出了一些防范措施，以希望对中小型房地产企业进行投资风险管理提供一些帮助。 关键词 房地产；投资；风险分析；防范措施 Abstract In recent years, the development of Chinas real estate industry has been very fast. However，because the investment of real estate project is large, the developing cycle is long and the unforeseen factors in process are numerous, the investors usually faced with all kinds of risks．And the managers are lack of risk awareness and the risk management levels are rather low, which causes that the risks in real estate developing process increase greatly. This paper analysis the summary of domestic and foreign real estate investment risks, systematically puts forward the types of real estate investment risk and the necessity of the real estate investment risk analysis. And then take the Nanjing galaxy real estate development limited company as the research object, take the yin he project as an example for sensitivity analysis and solvency analysis, analyzing the investment risk of the real estate enterprises which are facing, and put forward some prevention measures, In the hope of small and medium-sized real estate enterprises to invest in risk management to provide some help. Keywords real estate investment risk analysis prevention measures 目 录 1 绪论 1 1.1选题背景及意义 1 1.2国内外研究状况 1 1.2.1国外研究状况 1 1.2.2国内研究状况 2 2 房地产投资风险概述 3 2.1房地产投资风险的含义 3 2.2房地产投资风险的类型 3 2.3房地产投资风险分析的必要性 3 3银河房地产投资风险分析 4 3.1银河公司简介 4 3.2企业投资风险分析 4 3.2.1项目开发方案 4 3.2.2项目收入测算 4 3.2.3项目费用测算 5 3.2.4项目成本测算 6 3.2.5项目现金流测算 6 3.3项目财务指标分析 7 3.3.1投资利润率R 7 3.3.2财务净现值（FNPV） 7