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Evaluation Of Growth Of Real Estate Enterprises And Its Relationship With Life Cycle And Spatial Distribution

Posted on:2019-05-07Degree:MasterType:Thesis
Country:ChinaCandidate:Z Y PangFull Text:PDF
GTID:2429330566477114Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
Real estate plays an important role in China's national economy.The reasonable growth of real estate economy is of great significance for the healthy development of the national economy.But as a real estate entity,the growth problem of real estate enterprises is becoming more and more prominent.The real estate enterprise debt is generally high,with the Commission and the CBRC has issued a statement to tighten housing financing channels,the real estate enterprise financing difficulty becomes large,the financing cost is high,small and medium enterprises face the risk of rupture of funds is increasing;in the policies applied by the city's real estate control policies of real estate enterprises layout the city is too single will increase the systemic risk,in addition,a single city limited market space is not enough to support the real estate business expansion,so more and more real estate enterprises to open a cross regional layout of the road;decreased gradually in the increasingly fierce competition and profit rate under the condition of different life cycle of the real estate enterprises choose a different route of development,some enterprises choose to continue the expansion of the scale of the rapid growth of some enterprises,and steady step,some enterprises even by Gradually out of the real estate market to other industries.How to objectively evaluate the growth of real estate enterprises in the face of various problems of real estate enterprise growth? Is there an inevitable link between the spatial layout and the growth of the enterprises in real estate enterprises? Is there a relationship between the different path choices of real estate companies with different life cycles and their growth in the face of industry competition?First,it extracts 14 indexes,such as the ratio of flow,speed ratio,asset liability rate,net asset yield,return on assets,net profit,total asset turnover,inventory turnover,turnover of accounts receivable,turnover rate of fixed assets,growth rate of total profit,total asset growth rate,and growth rate of earnings per share.Secondly,we collect data and deal with the data,get the relevant data of 60 effective sample real estate enterprises for 2012~2016 years,and then use factor analysis to select the selected indexes,eliminate the collinearity,and determine the order of the factors in the mutation progression method,then use the mutation progression method to evaluate the growth of the real estate enterprises;then,use the hypothesis.Test and test the relationship between the growth of real estate enterprises and the spatial layout and the relationship between them.Finally,we use the method of industrial economics to divide the life cycle stages of real estate enterprises and explore the relationship between the real estate enterprises and the growth of real estate enterprises by t test.Through the above research mainly draws 4 conclusions: the effect of growth by solvency and profitability,operation ability,development ability of the real estate enterprises;sample enterprises in four dimensions of solvency,profitability,operation ability,development ability and performance there are significant differences;the growth ability of real estate enterprises the spatial layout of the different way of overall layout is better than that of cross regional regional roots more scattered due to the type layout;growth of real estate companies related to the life cycle,growth index and life cycle of inverted U type on the whole.This paper makes a quantitative study on the growth evaluation of real estate enterprises and focuses on the relationship between the growth of real estate enterprises and the life cycle and space layout.This is a kind of attempt and development from the qualitative to quantitative direction,which enriches the practice of the growth evaluation of real estate enterprises and expands the application field of the growth evaluation.This paper studies the growth of enterprises from the perspective of life cycle and spatial distribution,enriching the connotation of growth evaluation.This paper studies how to understand,evaluate and improve the relationship between the growth,the growth and the life cycle and the spatial layout of their own enterprises,so that the real estate enterprises can be familiar with the aspects of improving the real estate growth and how to achieve sustainable growth.
Keywords/Search Tags:Real estate enterprise, Growth, Catastrophe theory, Spatial distribution, Life cycle
PDF Full Text Request
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