政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/135117
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113648/144635 (79%)
Visitors : 51581031      Online Users : 937
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/135117


    Title: 情緒會影響房市嗎？指數編制與驗證
    Will Sentiment Influence the Housing Market? Index Compilation and Verification
    Authors: 陳明吉
    Chen, Ming-Chi
    朱芳妮
    楊茜文
    蘇子涵
    Contributors: 財管系
    Keywords: 情緒指數 ; 房價 ; 交易量 ; 流動天數 ; 議價空間 
    sentiment index ; housing price ; trading volume ; time on the market ; price concession
    Date: 2020-12
    Issue Date: 2021-05-25 11:51:18 (UTC+8)
    Abstract: 經濟理論假設人是理性，但實際市場上卻充滿非理性投資者所造成的異常現象，本研究檢驗情緒是否會影響不動產市場。我們編制了不同的不動產市場情緒指標，包括使用直接法（透過問卷調查）編制了當前與未來情緒指標，以及透過影響房市的基本因素來編制兩種間接情緒指標，據以驗證情緒是否對價格決定（房價）、進場買賣（交易量）、決策時間（流動天數），以及折讓能力（議價空間）有影響。本研究發現情緒對房市具有統計上顯著的影響，情緒對市場的影響，不僅是在價格上（房價與議價空間），對交易量與流動性之影響也相當顯著。
    Traditional economics assumes rational investors, whereas markets are full of irrational investors. The abnormal phenomena in asset markets may stem from irrational investors` sentiment. This study examines whether investor sentiment influences the real estate market, transaction prices, trading volumes, time on the market and price concessions. We compile different sentiment indicators, including the direct methods (through questionnaires) producing current and future sentiment indicators, and the indirect methods (through proxies in the real estate market). This study finds that sentiment has statistically significant effects on the real estate market. The impact of sentiment is not only on the price (transaction prices and price concessions) but also on the trading volumes and liquidity.
    Relation: 住宅學報, 29卷2期, 35-68
    Data Type: article
    Appears in Collections:[Department of Finance] Periodical Articles
    [Department of Land Economics] Periodical Articles

    Files in This Item:

    File Description SizeFormat
    430.pdf1371KbAdobe PDF2339View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback