房地产行业收益质量研究

发布时间：2018-04-25 08:13

本文选题：房地产行业上市企业 + 结构方程模型　；参考：《西安建筑科技大学》2017年硕士论文

【摘要】：房地产行业与民生息息相关,作为国民经济支柱性产业,其巨额收益也被列为广泛关注的焦点。收益关乎债权人、投资者、政府监管机构等的利益,同时收益也是企业重要的会计信息之一,也成为人们关注的焦点。然而人们只关注收益的数量而不注重收益的质量。收益质量能够为信息使用者提供更加科学全面的信息,提高经济决策合理性。基于以上原因,本文认为对房地产行业的收益质量进行研究是具有实用价值的。本文选取72家上市房企的数据为样本,首先从房地产行业收益质量的安全性、现金保障性、稳定性、持续性、成长性、可靠性六个特点入手,利用结构方程模型的思想寻找到测量收益质量的基本潜变量,最终选取16项可测量指标对潜变量进行描述和支撑,建立房地产行业的收益质量测量模型,并对模型进行拟合和修正,证明所选测量指标大多较为合理;其次,依据测量模型结果得到收益质量六个特点所对应的潜变量分别对收益质量的影响是不同的,其中,除可靠性效益外持续性是收益质量最重要的一个特点,稳定性、安全性与现金保证性与收益质量成正相关关系,且后两者是相辅相成的;再次,对测量结果进行分析,证实了模型的实用性;最后选取三家具有代表性的上市房企进行实证分析,并根据最终的收益质量得分和行业整体现状提出了完善房地产行业收益质量的对策及建议。
[Abstract]:As a pillar industry of national economy, the real estate industry is closely related to people's livelihood. Income is related to the interests of creditors, investors, government regulators and so on. At the same time, income is one of the important accounting information of enterprises, and has also become the focus of attention. However, people only pay attention to the quantity of income rather than the quality of income. Income quality can provide more scientific and comprehensive information for information users and improve the rationality of economic decision-making. Based on the above reasons, this paper believes that the real estate industry income quality research is of practical value. This article selects the data of 72 listed housing enterprises as the sample, starts with six characteristics of the real estate industry income quality security, cash security, stability, sustainability, growth and reliability. Using the thought of structural equation model to find out the basic latent variable of measuring the income quality, finally selecting 16 measurable indexes to describe and support the latent variable, and establish the income quality measurement model of the real estate industry. By fitting and modifying the model, it is proved that most of the selected measurement indexes are reasonable. Secondly, according to the results of the measurement model, the potential variables corresponding to the six characteristics of income quality are different, among which, Besides reliability and benefit, persistence is one of the most important characteristics of income quality. Stability, security and cash assurance are positively correlated with income quality, and the latter two are complementary to each other. Thirdly, the measurement results are analyzed. Finally, three representative listed housing enterprises are selected for empirical analysis, and according to the final income quality score and the industry as a whole, the paper puts forward the countermeasures and suggestions to improve the income quality of real estate industry.
【学位授予单位】：西安建筑科技大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F299.233.42

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