Study on Real Estate Enterprise Group Capital Management
The real estate industry is an important pillar of the national economy. In recent years, with the government’s macroeconomic regulation and collectivization trend of the real estate enterprise, capital management becomes more important then ever. Efficient capital management can alleviate the pressure of the financing difficulties. This paper combines the real estate enterprise group operating characteristics, fund management situation and existing problems in China now, to contrast and analysis different operational characteristics of four capital management models. Through the comparison, it proved that cash pool is the optimal mode in real estate enterprise group of the capital management. In this paper we use Gemdale to be an example. Through the data analysis, we found it have capital management problems. So we design a new capital management system, cash pool mode, for Gemdale, which shows an optimization result.
real estate enterprise group capital management cash pool
Qian LIU Yuhong KANG
Department of Applied Economics, Harbin Instituteof Technology, Harbin, China 150001 Department of Applied Economics, Harbin Institute of Technology, Harbin, China 150001
国际会议
2011 International Conference on Construction & Real Estate Management(2011建设与房地产管理国际会议)
广州
英文
544-548
2011-11-19（万方平台首次上网日期，不代表论文的发表时间）