Allocation Efficiency Research On Credit Capital Of Real Estate

In western economics, capital allocation is the core of economics, and also thecore of the allocation of resources. It is a basic investment research that how toallocate the capital reasonable to different project, different enterprises and differentregions. The real estate industry plays an important role in economic development inour country, and its healthy development has important influence on our overalleconomic development. At present, the funds of the real estate industry almost fromcredit funds in banks or other finance institution. The key factor affects the healthydevelopment of the real estate industry is whether the credit funds can maximize itsutility nor create the largest investment output. And in the real estate industry, theallocation of credit funds almost decides the efficient allocation of the capital in theindustry because the average credit funds in the amount of the capital in the industrymore than half.In the process of real estate credit capital allocation, a complete process can bedescribed as two parts. First, social capital through credit markets and stock marketallocate capital to different enterprises. Second, different enterprises credit capitalallocation to its subsidiary or department, and configure it to different projects. If realestate credit funds can efficient allocation, it must be effective in the two steps. Anystep problem will affect the entire industry credit fund allocation.This article select macroscopic area and microcosmic enterprise to be theresearch view. And the factors affect the real estate credit capital allocationefficiency in two aspects: credit funds scale factors, policy factors, the bank’smanagement efficiency and enterprise operation efficiency. With these, this paperhave a empirical research on macroscopic area and microcosmic to find the creditcapital allocation efficiency with the marginal efficiency method and DEA efficiencyevaluation model. At the same time, make a simple evaluation to the various factorsof the effect of allocation efficiency by using the linear regression model. And usethe partial correlation research to find and analyze the reasons for the phenomenon,to support approaches to China’s real estate credit funds allocation. After theseapproaches, make a promotion to our country’s real estate industry, let it developshealthy and sustainable at present.