摘要我国的房地产行业经历了20多年的发展已成为了我国国民经济的主要支柱,为了保证其健康稳定的发展,国家出台了一系列的宏观调控政策,在此背景下,我国的房地产企业的融资方式也有着很大的变化。研究宏观调控下我国房企融资方式的变化对房企应对宏观调控和宏观政策的调整有很大的借鉴意义。
本毕业论文主要是通过先研究国内相关宏观调控对企业特别是房地产企业融资方式变化的影响的文献,对宏观政策调控变迁下房地产企业的融资方式的变化有个初步了解。再结合现实中国内房地产企业的融资状况做大体的研究和实证分析之后得出结论:在宽松的宏观调控下,房企获得贷款比较容易,采用贷款进行融资的方式比较多,其他融资方式利用较少;在加强宏观调控时,有一系列紧缩房地产银行信贷的政策和措施相继出台,房地产企业获得贷款作为资金来源比较困难,就会相对减少国内贷款的规模,相对增加自筹资金的规模,由间接融资向直接融资过渡,因此房地产企业必须开拓新的融资渠道,进行多元化融资。19358
关键词 宏观调控 房地产 融资方式 实证分析
毕业论文外文摘要
Title Research of Chinese Real Estate business Financing Changes under the macro-control
Abstract
Our real estate industry after 20 years development has become one of the main pillars of our national economy,in order to ensure its steady and healthy development, our nation introduced a series of macro-control policies, in this context, our real estate financing companies have great changes. To study the changes of our real estate financing companies under the macro-control policy will have great meaning to cope with the macro-control and the adjustment of macro-control policy.
This paper will first study by the literatures of the impact of macro-control to the enterprises especially the real estate financing methods, to have a preliminary understanding of the changes of real estate financing companies under the macro-control. Then combined with domestic real estate enterprises financing situation in reality to do generally research and empirical analysis concluded that: because in the liberal macro-control ,real estate companies will be easy to get a loan, using the loan to finance more, the use of other forms of financing less ;when strengthen macro-control, there is a series of real estate bank credit tightening policies and measures were introduced, the real estate business is more difficult to obtain loans as a source of funding , it will reduce the relative size of the domestic loans , increase the relative size of the self-financing by indirect financing to direct financing of the transition ,and then the real estate business must develop new financing channels.
Key word Macro-control; Real estate; financing method; Empirical analysis
目 次
1 引言 2
1.1研究背景及意义 2
1.2 研究思路和方法 2
1.3 论文结构 3
2 文献综述 4
3 宏观政策变迁与房地产企业融资行为的理论分析 5
3.1 房地产企业的主要融资方式 5
3.2宏观政策变迁对房地产融资方式的影响分析 7
4 宏观调控对房地产企业融资方式影响的实证分析 9
4.1 理论构想 9
4.2 变量和数据 10
4.3 模型分析 11
4.4 实证结果 13
5 宏观政策变迁对房地产企业融资方式影响的进一步分析 14
6 结论 20
致 谢 21