题名

企業持有自用性不動產之風險探討

并列篇名

The Risk Analysis of Corporations' Holding of Self-Used Real Estate

作者

洪志興(Chih-Hsing Hung)；陳勤明(Chin-Ming Chen)；陳瑛琥(Ying-Hu Chen)；劉禹宏(Yu-Hong Liu)

关键词

自用性不動產 ； 企業持有不動產決策 ； 不動產風險 ； 企業不動產 ； 廠房及設備類別 ； Owner-occupied property ； estate holding decision ； Real estate risk ； class of property ； plant and equipment

期刊名称

住宅學報

卷期/出版年月

32卷2期（2023 / 12 / 01）

页次

83 - 103

内容语文

繁體中文;英文
中文摘要

不動產是企業經營的要素，企業對不動產的投資行為更牽動此市場變化，尤其在市場處於高度波動的時期。緣此，本文以臺灣市值前150大的公司為樣本，觀察不動產風險，對於公司持有自用性不動產的影響。實證結果發現，不動產個別風險與其企業自用性不動產影響，可能因企業對於自用性不動產的必要性需求危機感增加，增加其自用性不動產持有，或因不動產市場的非系統性風險影響，企業融資之抵押品價值變動所造成的外部融資成本改變；最終導致企業減少其自用性不動產的持有，此現象在金融危機期間更為顯著。
英文摘要

Real estate is an important element of corporate operations, and investment behavior of corporate can affect real estate market fluctuations, especially when the market is in a period of high volatility. The study examines the impact of real estate risks on corporations holding real estate for self-use, using a sample of the top 150 companies in Taiwan by market value. The empirical results found that individual real estate risks and the impact of corporate self-use real estate may increase during periods of high market volatility, leading to changes in external financing costs and a decrease in corporate ownership of self-use real estate, especially during financial crises.
主题分类 社會科學 > 社會學
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被引用次数
  1. (2024)。女性高階主管能否創造股東財富價值？台灣營建公司新推建案宣告之實證。住宅學報，33(2)，63-110。
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