The Relationship between the Corporate Real Estate Management and Performance

• Main Authors: HSIEH, I-TING, 謝伊婷
• Other Authors: CHIANG, MING-CHU
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/zx66tq

碩士 === 國立雲林科技大學 === 財務金融系 === 107 === This study discusses whether the company's stock return and asset application efficiency can be improved when the company obtains real estate through land use strategies. The results of this study find that, first, overseas investment has a negative impact on total systematic risk, indicating that the company's overseas investment can reduce risks. If the real estate investment entity is the parent company and the investment objective is to increase the company productivity will increase the risk. However, if the greater the proportion of real estate investment, the higher overall risk of the company. Second, real estate investment has no significant influence on the company's abnormal returns and excess returns. Finally, the yearly average return on assets (ROA) of the companies who have real estate investment showed a downward trend within five years after the investment.