Risk Factors on Capital Chain of Real Estate Business based on SEM

摘要：

Capital chain is somehow fragile in real estate business facing the complicated real world. For both practitioners and academia, its very interesting to disclose what factors affect the capital chain of real estate business and how they work. We have employed the Structural Equation Model(SEM) to study and examine the factors which are assumed to determine the risk of its capital chain, including governmental policy, financing, money manipulation, money return and refinancing. Based on our first hand data, it is found that the policy factor is most significant to the risk of capital chain in real estate business, as well other factors influence the risk more or less.

关键词： Real estate business Risk factors Capital chain Structural equation model (SEM)

作者: WANG Kun

作者单位: School of Management, Wuhan University of Technology, Wuhan, P.R.China 430070 Yunnan Chuxiong Diancao Real Estate Co.Ltd, Chuxiong, P.R.China 675000

会议类型: 国际会议

会议名称: The 5th International Conference on Product Innovation Management(第五届产品创新管理国际会议 ICPIM 2010)

会议地点: 武汉

会议语种:英文

页码: 11256-11260

在线出版日期: 2010-07-10（万方平台首次上网日期，不代表论文的发表时间）