摘要
研究目的:综述房地产市场有效性的研究成果。研究方法:文献回顾法、归纳法。研究结论:有效性是市场研究的重要内容。自从市场有效性概念提出后,尤其是Fama将市场有效性分为三类后,关于市场有效性的实证检验渐多。但主要是集中在对金融市场有效性的研究上。国外对房地产市场有效性的研究主要是从投资角度进行的,研究主要集中在两个方面:一是对采用数据的研究;二是对某一市场的有效性进行检验。国内对市场有效性的研究历史很短,主要是运用已有的方法对中国资本市场有效性的研究。对房地产市场有效性的研究,多半将重点放在规范性研究上,主要集中在制度完善和发展趋势的定性研究上,对房地产市场有效性达到什么程度还没有正面的定量研究。
The purpose of this study is to review the efficiency of real estate market. Methods of literature review and induction were employed. Results indicate the efficiency is important to market researches. After Fama divided the market efficiency into three types, more and more case studies have been carried out to test them in which most of studies have focused on the efficiency of financial market. The studies abroad mainly are from the viewpoint of investment including researches on data and on certain market. In China, the relevant studies have a short history and mainly target the capital market focusing on the normalization, institutional arrangement and trends. No quantitative researches have been carried out on the efficiency of real estate market.
出处
《中国土地科学》
CSSCI
北大核心
2006年第5期54-59,共6页
China Land Science
基金
教育部"十五"规划重点课题:城市不动产资产证券化机制与创新和影响的系统研究(01KA790052)
上海市青年基金课题:上海市不动产证券化机制与创新和影响的系统研究(01QN49)
