English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113648/144635 (79%)
Visitors : 51630052      Online Users : 532
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/140.119/135866


    Title: 影響台灣保險業不動產投資行為因素的分析
    The Determinants of Real Estate Investment for the Insurance Industry in Taiwan
    Authors: 彭金隆
    Peng, Jin-Lung
    王健安
    Contributors: 風管系
    Keywords: 保險業 ; 不動產投資 ; 制度性因素 ; 集團聯屬關係 
    insurance company ; real estate investment ; institutional factors ; affiliated group
    Date: 2018-12
    Issue Date: 2021-06-25 09:47:31 (UTC+8)
    Abstract: 本研究使用36家保險公司在2007年1月∼2016年3月的資料，分析影響其投資於不動產的因素。實證結果發現：(1)在制度性因素方面，保險公司如隸屬之集團同時經營建築業者，或經營權為地產公司主導者，其不動產投資比重的成長率會顯著高於同業。當保險公司的風險性資本適足率越低，負債／資產的財務槓桿程度越高時，則會減少不動產的持有。(2)在總體因素方面，低利率與利差與不動產投資為反向關係；租金或房價水準越高時，則會增加不動產的持有。(3)在個體因素方面，資產規模越大、獲利程度越好，以及設立年份越久者，越傾向持有更多的不動產投資。
    Using 36 insurance firms and quarterly data from 2007Q1 to 2016Q3, this paper investigates the determinants of real estate investment for the insurance industry in Taiwan. There are three main findings. First, the affiliated group between the insurance and construction business is shown to be highly related to the ratio of real estate investment. The regulation ratio of risk-based capital (RBC) and the leverage (proxied by debt/assets) are negative in relation to the real estate investment. Second, the level of spread and interest rate also exhibit a negative relationship with the growth ratio of real estate investment. However, the level of rent and housing price are both positively related to the growth ratio of real estate investment. Finally, the insurance firms that are larger in terms of assets, have better performance (proxied by ROA and ROE), and have been in operation longer tend to increase the ratio of real estate buying.
    Relation: 住宅學報, Vol.27卷, No.2期, pp.P39 - 59
    Data Type: article
    Appears in Collections:[風險管理與保險學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    149.pdf1433KbAdobe PDF2291View/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