Research on the application of real options approach to real estate investment decision and its efficiency comment

被引：0

作者：

Zhang Shoujian ^{[1
]}

Wang Zhiying ^{[1
]}

机构：

[1] Harbin Inst Technol, Dept Construct & Real Estate, Harbin 150006, Peoples R China

来源：

Proceedings of 2006 International Conference on Construction & Real Estate Management, Vols 1 and 2: COLLABORATION AND DEVELOPMENT IN CONSTRUCTION AND REAL ESTATE | 2006年

关键词：

real estate development; investment decision; real options; real estate value;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In this paper, we've studied the application of real options to real estate development investment decision. Basing Chinese real estate markets' practical condition, we give an objective comment of its adaptation and give some concrete operating methods and some reasonable suggestion. We can conclude that this method can be very useful and simple to use in real estate appraisal practice if decision makers apply this method as the process and steps we've given. This theory can also explain why there is high-profit in real estate field to some extent.

引用

页码：258 / 261

页数：4

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