政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/71490
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文筆數/總筆數 : 113656/144643 (79%)
造訪人次 : 51753884      線上人數 : 547
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜尋範圍 查詢小技巧：
  • 您可在西文檢索詞彙前後加上"雙引號"，以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋，建議至進階搜尋限定作者欄位，可獲得較完整資料
    •  進階搜尋
    政大機構典藏 > 商學院 > 統計學系 > 期刊論文 >  Item 140.119/71490


    請使用永久網址來引用或連結此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/71490


    題名: 台灣不動產市場從眾行為之檢視
    其他題名: An Examination of Herding Behavior in the Taiwan Real Estate Market
    作者: 陳明吉;曾婉婷 Chen, Ming-Chi;Tseng, Wan-Ting
    貢獻者: 財管系
    關鍵詞: 從眾行爲;不動產;CSSD模型;CSAD模型;因果關係
    Herding;Real Estate;CSAD Model;CSSD Model;Causality
    日期: 2008
    上傳時間: 2014-11-14 18:18:39 (UTC+8)
    摘要: 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。
    The 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.
    關聯: 管理與系統, 15(4), 591-615
    資料類型: article
    顯示於類別:[統計學系] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    591-615.pdf658KbAdobe PDF2851檢視/開啟


    在政大典藏中所有的資料項目都受到原著作權保護.


    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 ©   - 回饋