房地产上市公司的投资效率评价及影响因素资料.docx

分类号密级UDC 编号本文为个人毕业论文，仅供参考，请勿抄袭！谢谢！题 目 房地产上市公司的投资效率影响 因素研究 Title The influence factors of investment efficiency of realestatlistingCorporations摘要本文针对我国房地产行业的发展现状，对行业的上市公司的投资效率情况进行了相关研究，文章旨在考察哪些因素对我国的房地产业上市公司的投资效率水平产生影响？这些因素如何影响该类上市公司投资效率，它们之间存在怎样的联系？这些疑问也是诸多学者们所关心的论题，科学合理地回答和论证上述论题在实践中对于优化上市公司投资决策，提高我国房地产类上市公司投资效率水平有着重要的意义。为了回答上述疑问，就必须找出影响该类上市公司投资效率的因素，并通过科学的方法来摸清这些因素与企业的投资效率存在怎样的联系。本文通过借鉴国内外现存有关企业效率评价方面研究的文献，并综合运用公司投资的相关理论，合理地选取了用于评价上市公司投资效率的投产指标，通过DEA模型对我国房地产业上市公司的投资效率水平做出了科学的评价，并在此分析基础之上，从宏观和微观两个角度更全面地对投资效率的影响因素进行了理论上的分析，并以2012年—2014年房地产上市公司数据为研究样本，建立面板回归模型对理论分析中所提出的各研究假设进行了统计学上的实证检验，对理论研究所得的各因素与房地产上市公司的投资效率之间存在的联系进行了论证，最后在对文章进行梳理和总结的基础上提出了提升我国房地产业上市公司投资效率的建议。关键词：投资效率；影响因素；DEA；房地产AbstractBasing on the development situation of the real estate industry, the investment efficiency of real estate listing Corporation was studied, aiming to investigate the factors which affect the investment efficiency of the real estate listing Corporations in China. Many scholars are concerned about the topic, and to solve these problems is of important significance for the optimization of investment decision and to improve the investment efficiency of the listing Corporations. In order to solve this problem, we must find out the influence factors and the influence mechanism of enterprise investment efficiency.By drawing on domestic and foreign literature about the research on enterprise efficiency evaluation and combining with the companys investment theory, reasonable?input and output indicators are selected to?scientifically?evaluate the?investment efficiency?of the listing Corporations with DEA model. Basing on that analysis, influencing factors?of?investment?efficiency were getting a more comprehensive?theoretical analysis?from the two angles of both macroscopic and microscopic. We use listed real estate companys financial data during 2012 - 2014 as the study sample, then use a panel regression model to gives an empirical test for the theoretical ana