銀行不動產投資行為研究
Other Title
Study on Bank’s Real Estate Investment Behavior
Date Issued
2000
Date
2000
Author(s)
DOI
892416H002018
Abstract
Over exposure to real estate risk has
been one of the major causes for bank
operating crisis. The over exposure
phenomenon can be seen from the fact that
banks put too much investment in real estate
loan and other real estate investment when
the market is booming. That is, because of
the good performance of asset return
performance, banks allocate more resources
on real estate related assets. An investment
strategy that increases investment after
returns have gone up and reduces after
returns have gone down represents a “trend-chasing”
investment strategy (that is, buying
high selling low). The purpose of this
study is to examine whether Taiwan banks
have trend-chasing behavior and whether
this kind of behavior causes the their poor
performance. This study finds that Taiwan
banks’ investments in real estate loans are
not significantly influenced by real estate
market situation. That is, this study cannot
prove that Taiwan banks have trend-chasing
behavior in real estate investments. The
results of this study also show that there might
be other significant issues needed to be further
investigated when study Taiwan banks’ stock
returns performance.
Subjects
Bank
Real estate investment behavior
Publisher
臺北市：國立臺灣大學財務金融學系暨研究所
Type
report
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892416H002018.pdf
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Format
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