投资性房地产准则应用疑难及解决办法

随着新企业会计准则的实施,《企业会计准则第3号——投资性房地产》首次出现在我国会计准则体系中,这是我国会计准则与国际会计准则趋同的一个鲜明体现。但同时,投资性房地产会计准则应用中也暴露出一些问题,需要我们进行全面深入的分析和研究。     

我国投资性房地产准则中公允价值应用影响分析

随着新会计准则的出台，公允价值的应用是新会计准则的一大亮点。从公允价值的定义及应用范围入手，着重分析公允价值的应用对我国投资性房地产的影响，充分考虑了基本国情，符合我国市场经济发展需要。     

谈投资性房地产准则对房地产企业的影响

地产。投资性房地产具有高风险、高收益的特征，财政部最近发布了《企业会计准则第3号一投资性房地产》。本文从该准则与企业会计制度的差异，两种计价模式对房地产企业的影响以及公允价值计量模式运用的难点进行分析，旨在揭示房地产企业在运用投资性房地产准则时应注意的相关问题并谨慎选择计量模式。     

谈投资性房地产准则对房地产企业的影响

地产.投资性房地产具有高风险、高收益的特征,财政部最近发布了<企业会计准则第3号一投资性房地产>.本文从该准则与企业会计制度的差异,两种计价模式对房地产企业的影响以及公允价值计量模式运用的难点进行分析,旨在揭示房地产企业在运用投资性房地产准则时应注意的相关问题并谨慎选择计量模式.     

公允价值计量属性在投资性房地产中的研究与运用

随着中国经济的不断发展,为了与国际企业会计准则趋同,我国在2006年引进了公允价值这一计量属性.由于对公允价值计量属性的关注越来越重视,因此,我国在2014年1月26日财政部重新修制了《企业会计准则第39号——公允价值计量》,准则中重新对公允价值的一些东西进行制定与修改.     

浅议新会计准则对投资性房地产计量的影响

本文在对国内外投资性房地产制度进行比较的基础上，分析了执行《投资性房地产》准则对企业财务状况和经营成果的影响，并对新准则在操作中面临的问题及挑战提出了相应的对策，仅供参考。     

公允价值的意义和在投资性房地产准则中的应用讨论

本文首先讲了公允价值的必要性和现实意义，然后谈了公允价值在投资性房地产准则中的应用讨论。     

浅谈《企业会计准则第3号——投资性房地产》

财政部2006年2月颁布了新的企业会计准则。其中首次颁布了《企业会计准则第3号——投资性房地产》，此项准则的颁布将会对企业投资性房地产的确认、计量、披露等提供客观的依据。通过该准则与国际会计准则40号——投资性房地产的分析与比较，指出二者之间的异同以及优缺点，从而为完善我国投资性房地产会计准则提出设想。     

投资性房地产的公允价值计量模式研究

公允价值计量属性是新准则的一大亮点。本文结合公允价值计量在我国投资性房地产中的应用现状,探讨该计量模式应用中出现的问题;通过相关理论以及数据分析,对会计实务中如何有效地实施公允价值这一计量模式提出相应的对策建议。     

对“投资性房地产”准则若干问题探讨

2007年新准则已在上市公司范围内执行,今明两年将会扩大实施范围,而当前房地产已经成为我国资本市场上主要投资手段之一。新准则对投资性房地产的确认有了进一步的划分,在保留现行实际成本计量属性的同时还引入了公允价值计量属性。“投资性房地产”准则在实施中,因公允价值计量模式的引入,可能产生新的问题。为了更好的运用新准则,应做好以下方面,加快会计理论研究、完善我国的市场体系、引入先进的估值方法、提高会计审计执业人员素质等。     

公允价值在投资性房地产中的应用及影响

会计计量是财务会计的核心问题,它涉及到企业生产经营的各个阶段和各个环节。而传统的会计模式是以历史成本计量为基础的,随着经济的发展,这种传统的历史成本计量模式的缺点越来越突出,要求对其进行改进乃至彻底改革的呼声越来越高,在这一大背景下,作为历史成本计量替代模式的公允价值模式应运而生。     

Speculative bubbles,financial crises and convergence in global real estate investment trusts

We test for price bubbles in 14 national real estate investment trust (REIT) markets, and measure the degree of their convergence towards a common trend. Our methodology consists of the recently developed test of Phillips, Shi and Yu (2014) for mildly explosive processes, and the Phillips and Sul (2007) method for modelling convergence among random variables. We find evidence of explosive behaviour in index levels of seven of the 14 markets. In contrast, explosive dynamics are found in only one price/dividend ratio. More than half of the episodes of explosive behaviour are date-stamped to periods prior to the 2007–2009 financial crisis. We also discover a number of periods over which the markets converge towards a common trend. Interestingly, all of the convergence intervals coincide either with periods of crisis, or with periods of market exuberance. For instance, evidence of convergence is found during the 2000 dot-com crash, the 2007–2009 subprime crisis and the 2010–2013 European sovereign debt crisis, as well as over the bubble period of 2004–2005.     

住房投资模型的经济学解释--兼论房地产泡沫产生的原因

随着中国经济的快速发展,房地产业进入快速发展阶段,并将逐渐成为支柱产业。这其中也伴随着各种问题,如房价的大幅上涨,空房率的上升,豪华别墅的大量建设等。这些问题都从某些方面反映了房地产市场的过热。从经济学的角度对房地产市场的供给需求关系进行分析,找出房地产价格的决定及其影响因素,对于认识房地产过热和泡沫的产生具有很强的现实意义。     

Understanding Chinese provincial real estate investment: A Global VAR perspective

This article investigates the spatial interdependence within China's real estate industry, a sector assuming increasing importance in the national economy. The Global Vector Autoregressive (GVAR) model allows us to explicitly address the presence of spatial linkages, including spillover and backwash effects, without a stringent requirement on data. Applying the model to monthly Chinese provincial data for the first time we highlight clear advantages in forecasting and steady-state value prediction. We also demonstrate through the contemporaneous correlation coefficients a growing divide between the previously highly industrialized north and the rest of China. The insights provided by our empirical study have clear value to a wide range of audiences, including researchers, policy makers, and business investors.     

Impact of environmental information disclosure and real estate segments on cost of debt: Evidence from the Chinese real estate industry

The novel part of this paper is to examine the individual and joint effects of the real estate segments (RETs) and environmental information disclosure (EID) on the cost of debt (COD) in the real estate industry in China. Building on extant literature, using 1,250 firm‐year observations from 2006 to 2016 and applying both Feasible General Least Squares and Two‐stage Least Squares Instrumental Variable approaches, we provide evidence that the commercial RET leads to an increase in the COD, while EID leads to a decrease in the COD. The joint effects of the RETs and EID on the COD indicate a significantly positive relationship with the COD. This signifies that even with the increased levels of EID in commercial real estate sectors, its COD is higher than for residential real estate sectors. These findings have important policy implications for environmental risk assessments for real estate sectors, their lending institutions and wider stakeholder groups.     

淮安市房地产投机度测量研究

选取城镇居民人均可支配收入、短期贷款利率、房地产价格实际增长率这三个影响房地产价格的主要因素,建立房地产投机度检验模型,运用e-views软件对淮安市房地产投机度进行回归分析,进而以此判断淮安市房地产市场的投机度是否严重,以期为相关部门制定房地产政策提供一些参考。     

房地产融资渠道多元化探析--基于我国金融信贷与房地产融资的实证分析

房地产业的发展是我国经济增长的稳定器。本文从研究目前我国房地产金融调控措施出发，通过回归和关联分析阐述金融信贷对房地产业发展的互动关系，并探析房地产融资的多元化渠道，进而提出完善建议，对促进房地产业健康发展具有重要意义。     

The integration of direct real estate and stock markets in Asia

Currently, there exists relatively little research investigating the long-term association between stock and direct real estate markets. Using appropriate transaction-based property indices, this study focuses on the relationship between stock and direct real estate markets in nine Asian countries from the period 1980 to 2012 through both linear and nonlinear cointegration techniques. We find empirical evidence of linear cointegration of stock and property markets in Taiwan, fractional cointegration in Singapore and Hong Kong and no evidence of cointegration in China, Japan, Thailand, Malaysia, Indonesia and South Korea. It is concluded that segmentation of property markets from stock markets does not appear to be linked to the differences in the maturity of national financial markets and that the differing degrees of integration across Asia may instead be reflective of a range of factors impacting upon the underlying economic structures in each country.     

投资性房地产公允价值计量模式的应用困境与对策

2011年是我国企业会计准则与国际财务报告准则持续趋同的关键时期,但在公允价值应用方面仍面临着许多特殊问题。新的企业会计准则已实施四年有余,投资性房地产公允价值计量模式仍面临应用困境。究其原因,市场条件不完善、准则限制条件严格、相关指引缺失、会计计量理念转变困难和上市公司的会计政策选择成为困境产生的主要原因。只有在始终保持审慎态度的基础上,积极采取相关措施才能应对公允价值计量模式的应用困境。     

浅析房地产泡沫的成因与危害

近年来,房地产市场持续火热,商品房全面热销,销售价格呈现较大幅度增长。而火爆的房地产市场也引发了有关房地产泡沫的争论。房地产泡沫的存在有利有弊,关键在于将其控制在适度的范围内,避免出现泡沫经济。因此,分析房地产泡沫的形成与危害,针对性提出了防止房地产泡沫的措施。