The impacts of Tiananmen Square events on Hong Kong real estate and non-real estate wealth

被引：7

作者：

He, LT ^{[1
]}

Myer, FCN

Webb, JR

机构：

[1] Christopher Newport Univ, Sch Business, Dept Econ & Finance, Newport News, VA 29606 USA

[2] Cleveland State Univ, Dept Finance, James J Nance Coll Business Adm, Cleveland, OH 44115 USA

来源：

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 1998年 / 16卷 / 03期

关键词：

Tiananmen Square events; price sensitivity; Hong Kong real estate;

D O I：

10.1023/A:1007771531534

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Based on the unique characteristics of real estate, the hypothesis of significant additional political sensitivity of real estate has been developed and tested in this study. By classifying six major kinds of events that took place preceding and during the Tiananmen Square demonstrations and performing the multivariate test, this study finds evidence that Hong Kong real estate, overall, is more sensitive than other Hong Kong industries to major political events in China.

引用

页码：289 / 299

页数：11