摘要
房地产业的迅猛发展对房地产投资理论提出了新的要求。借鉴西方发达国家成熟的现代组合投资理论和成功的房地产投资经验,以风险—收益为核心思想,在房地产投资组合中引入了系统风险和非系统风险的概念。通过分析预期收益下,寻求风险最小的房地产组合投资模型,讨论了该模型的有关假设、模型中有关参数的确定,并进行实例分析,最终得出预期收益下,投资者通过调整投资组合策略,可使组合投资风险远远小于单项投资的结论。
The high-speed development demands new real estate investment theory. Using the experiences of the Western developed countries for reference in property investment and modern portfolio investment theory, the paper introduces the conception of systematic and unsystematic risk with the centre of risk and profit. Consequently, the model of real estate base on least risk and anticipated profit is studied in the discussion of its concerned hypothesis and determining the concerned parameters. With living example analysis, we reach the conclusion that portfolio investment risk is smaller than single investment if the investor adjusts the tactics of portfolio investment.
出处
《重庆大学学报（自然科学版）》
EI
CAS
CSCD
北大核心
2004年第7期152-154,共3页
Journal of Chongqing University
关键词
组合投资
房地产组合投资
风险
收益
portfolio investment
real estate portfolio investment
risk
profit
