完整後設資料紀錄
DC 欄位語言
dc.contributor.author陳明吉en_US
dc.contributor.author曾琬婷en_US
dc.contributor.authorMing-Chi Chenen_US
dc.contributor.authorWan-Ting Tsengen_US
dc.date.accessioned2015-01-12T12:52:46Z-
dc.date.available2015-01-12T12:52:46Z-
dc.date.issued2008-10-01en_US
dc.identifier.issn1023-9863en_US
dc.identifier.urihttp://hdl.handle.net/11536/107754-
dc.description.abstract本研究旨在檢視國內不動產市場投資者是否有從眾行爲之現象,以及從眾行爲與不動產市場狀態之間的關係。本文以不動產三個次市場:預售屋、成屋與土地三市場進行實證分析。實證結果的確發現有從眾行爲,也就是當市場價格上漲時,預售屋市場個別區域報酬率有齊漲的從眾行爲情況,但各市場價格下跌時,從眾行爲結論則較不一致。其次,不動產次市場中的預售屋與成屋市場都有遞延的從眾行爲,而成屋市場有較強的遞延現象可能是因爲資訊比預售屋市場更爲封閉。最後,從不動產價格波動與從眾行爲之因果檢定,指出從眾行爲無法促進不動產市場之效率,但從市場交易量與從眾行為之因果檢定,可確認不動產市場投資者有追隨群體之現象。zh_TW
dc.description.abstractThe paper examines herding behavior of the Taiwan real estate market and whether herding behavior affects market condition. Three types of the real estate market, including pre-sale housing, existing housing and land markets, are empirically tested. Our results suggest when markets boom, evidence of herding behavior is found in the pre-sale housing market. However, when markets are sluggish, existences of herding behavior are not conclusive in these three markets. Herding behavior is lagged in the real estate market due to information insufficient, especially in the existing housing market. The Granger causality test indicates herding and price volatility are related, implying herding is not able to make market more efficient. Transaction volume Granger casues herding, reconfirming that investors are sensitive to price changes in the markets.en_US
dc.subject從眾行爲zh_TW
dc.subject不動產zh_TW
dc.subjectCSSD模型zh_TW
dc.subjectCSAD模型zh_TW
dc.subject因果關係zh_TW
dc.subjectHerdingzh_TW
dc.subjectReal Estatezh_TW
dc.subjectCSAD Modelzh_TW
dc.subjectCSSD Modelzh_TW
dc.subjectCausalityzh_TW
dc.title台灣不動產市場從眾行為之檢視zh_TW
dc.titleAn Examination of Herding Behavior in the Taiwan Real Estate Marketen_US
dc.identifier.journal管理與系統zh_TW
dc.identifier.journalJournal of Management and Systemsen_US
dc.citation.volume15en_US
dc.citation.issue4en_US
dc.citation.spage591en_US
dc.citation.epage615en_US
dc.contributor.departmentInstitute of Business and Managementen_US
dc.contributor.department經營管理研究所zh_TW
顯示於類別:管理與系統


文件中的檔案:

  1. 10239863-01504-108.pdf

若為 zip 檔案,請下載檔案解壓縮後,用瀏覽器開啟資料夾中的 index.html 瀏覽全文。