房地产私募基金的风险管理

发布时间：2018-01-08 21:10

本文关键词：房地产私募基金的风险管理　出处：《天津大学》2012年硕士论文　论文类型：学位论文

【摘要】：房地产私募基金现在已经得到国际上的认可，并且在金融市场上占据着重要的地位，但我国的金融体制还不完善，监管机制还不健全，房地产市场受宏观调控影响太大，因此房地产私募基金风险管理和风险控制是及时和必要的。本文首先陈述了房地产私募基金的概念，然后从我国房地产私募基金的特性和发展现状出发，系统分析了目前我国房地产私募基金发展的风险因素和风险特征，指出我国房地产私募基金存在的不足。本文第二部分对房地产私募基金风险因素进行识别，目前我国房地产私募基金主要存在政策环境风险、经济金融风险、不可抗力风险、私募市场风险、房地产项目风险、管理风险和信用风险等七个主要风险因素,并分析了这些因素的主要特性和影响因子。本文第三部分分介绍了有关房地产私募基金的风险管理理论和风险识别方法，，通过对常用的几种方法分析研究，最终得出灰度分析法是房地产私募基金风险分析的一种客观有效的分析方法，并详细介绍灰度分析法的主要概念和分析流程，通过编制VB程序，形成分析模型，通过引用案例进行系统描述，充分体现灰度分析的实用性和可操作性。第四部分是本文的结论，提出了房地产私募基金风险管理的最终对策，并分析当前房地产宏观背景下，经济环境风险因素比重最强的情况下，房地产公司的应对策略，以及房地产私募基金未来发展的风险防范的主要方向，形成本文的结论。
[Abstract]:Real estate private equity funds have been recognized internationally and occupy an important position in the financial market, but our financial system is not perfect, the regulatory mechanism is not perfect. The real estate market is too affected by macro-control, so risk management and risk control of real estate private equity funds is timely and necessary. This paper first describes the concept of real estate private funds, and then starts from the characteristics and development of real estate private equity funds in China. This paper systematically analyzes the risk factors and risk characteristics of the development of real estate private equity funds in China, and points out the shortcomings of the real estate private equity funds in China. The second part of this paper identifies the risk factors of real estate private equity funds. At present, there are seven main risk factors such as policy environment risk, economic and financial risk, force majeure risk, private market risk, real estate project risk, management risk and credit risk. The third part of this paper introduces the risk management theory and risk identification methods of real estate private equity fund, through the analysis of several common methods. Finally, it is concluded that gray analysis is an objective and effective analysis method of real estate private equity fund risk analysis, and detailed introduction of the main concept of gray analysis and analysis process, through the preparation of VB program. Form an analysis model, through quoting cases for systematic description, fully reflect the practicality and operability of gray level analysis. 4th is the conclusion of this paper, put forward the final countermeasures of risk management of real estate private equity fund. And analyzes the current real estate macro background, the economic environment risk factor proportion is the strongest, the real estate company's coping strategy, as well as the real estate private equity fund future development risk prevention main direction. The conclusion of this paper is formed.
【学位授予单位】：天津大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F293.3;F832.5;F224

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