Research on external financial risk measurement of China real estate

2020 ◽  
Author(s):  
Yuexiang Jiang ◽  
Luyuan Zheng ◽  
Jiazhen Wang
Keyword(s):  
Real Estate ◽  
Financial Risk ◽  
Risk Measurement

Real estate risk measurement and early warning based on PSO-SVM

2020 ◽  
pp. 101001
Author(s):  
Wenwen Zhou ◽  
Mengyao Chen ◽  
Zaoli Yang ◽  
Xiaobo Song
Keyword(s):  
Real Estate ◽  
Early Warning ◽  
Risk Measurement

scholarly journals Research on Risk Measurement of Supply Chain Emergencies in International Capacity Cooperation

2019 ◽  
Vol 11 (19) ◽  
pp. 5184
Author(s):  
Bo-Rui Yan ◽  
Qian-Li Dong ◽  
Qian Li
Keyword(s):  
Supply Chain ◽  
Financial Risk ◽  
Fuzzy Ahp ◽  
Risk Index ◽  
Risk Measurement ◽  
Country Risk ◽  
Analytic Hierarchy ◽  
Analytic Hierarchy Process Method ◽  
Measurement Index System ◽  
Hierarchy Process

International capacity cooperation is easily affected by the interweaving of its internal and external environment. As the risk accumulation exceeds the threshold, a supply chain crisis and even emergency will occur and serious losses will be caused. Regarding multinational operation and international capacity cooperation, 208 cases were summarized to identify risk types and high-incidence areas, and a risk measurement index system was established. A Fuzzy AHP (Analytic Hierarchy Process) method was used to evaluate the importance of each risk index. It was found that country risk was the main cause of supply chain emergencies in international capacity cooperation. Construction, water and electricity supply, mining and manufacturing were major areas of emergencies. In international capacity cooperation, country risk and cross-cultural risk were more important in external risks, while in internal risk, financial risk and decision risk were more important.

scholarly journals International Real Estate Review

2010 ◽  
Vol 13 (3) ◽  
pp. 282-322
Author(s):  
Massimo Biasin ◽  
◽  
Anna Grazia Quaranta ◽  
Keyword(s):  
Real Estate ◽  
Financial Risk ◽  
Market Price ◽  
Policy Implications ◽  
Share Price ◽  
Prudential Regulation ◽  
Market Prices ◽  
Capital Theory ◽  
Bankruptcy Risk ◽  
Almost All

In contrast to the US experience, most international (European) real estate investments trusts (REITs) are subject to prudential regulation. This paper investigates the effects of prudential regulation on capital structures and consequently, the REIT share values of major legal and market constraints (i.e. leverage limitations, market discount on net asset value (NAV), tax controls) that affect non-US REITs. Italian market data are used for an empirical analysis. Our hypothesis is that in a constrained environment, the effects on share price significantly depend on the adopted valuation perspective, i.e. if shares are valued by following a NAV or a financial approach. The logic for this hypothesis is that the two valuation methodologies perceive leverage and implied financial risk differently. In particular, we argue that NAV valuation techniques incentivise REITs to maximize leverage regardless of the financial theory which indicates a contrasting impact of debt on the market value of shares. Differences in financial risk perception could also partially explain market price discounts on NAVs.The empirical results seem to support these expectations. Almost all Italian REITs tend to increase debt ratios over time. NAV discounts are significantly related to leverage. The discount effect is largely attributable to NAV increases that result from rising debt levels. On the contrary, share market prices tend to be independent from leverage. The latter result may indicate that the classic capital theory applies and current debt ratios do not imply bankruptcy risk. The results have significant policy implications in terms of an optimal regulatory design.

Expect the Unexpected: Risk Measurement and Management in Commercial Real Estate

2017 ◽  
pp. 1-16
Author(s):  
Craig Furfine
Keyword(s):  
Real Estate ◽  
Private Equity ◽  
Foreign Currency ◽  
Cash Flows ◽  
Commercial Real Estate ◽  
Risk Measurement ◽  
High Quality ◽  
Logistics Market ◽  
Overseas Investment ◽  
Future Condition

In early December 2013, Roxann Biller, Associate at the Chicago-based private equity firm Delta Quantitative Real Estate Capital, was asked to assess the risk associated with the firm's first potential overseas investment. Haifu Sentā Gendaino (HSG) was a large multi-tenant logistics property located in the Gaikando area of Tokyo. High-quality tenants currently occupied the property, so at first glance the risks of investing in the property seemed minimal. However, Biller knew that she had to consider the potential drawbacks. This would mean gaining a better understanding of each tenant, trying to forecast the future condition of the Tokyo logistics market, and considering what new risks her firm would face because the property's cash flows were in a foreign currency.

scholarly journals Risk Analysis and Portfolio Modelling

2019 ◽  
Vol 12 (4) ◽  
pp. 154 ◽  
Author(s):  
David Edmund Allen ◽  
Elisa Luciano
Keyword(s):  
Risk Analysis ◽  
Financial Risk ◽  
Measurement Techniques ◽  
Risk Measurement ◽  
Risk Takers

Financial risk measurement is a challenging task because both the types of risk and their measurement techniques evolve quickly. This book collects a number of novel contributions for the measurement of financial risk, which addresses partially explored risks or risk takers in a wide variety of empirical contexts.

Sign in / Sign up

Export Citation Format

Share Document