서울지역 아파트 시장의 이례현상 중 단지규모 효과에 관한 연구

• 영문명: A Study on the Condominium Complex’s Market Capitalization Size Effect of Anomalies in Seoul Condominium Market
• 발행기관: 한국부동산학회
• 저자명: 서후석(Suh, Hoo Suk) 임재만(Lim, Jae Man)
• 간행물 정보: 『부동산학보』不動産學報 第44輯, 5~16쪽, 전체 12쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2011.02.28

영문 초록

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to examine the existence of condominium complex size(market capitalization) effect of anomalies in Seoul condominium market. (2) RESEARCH METHOD Data from Real Estate 114 Co. Ltd were used to construct a monthly equally weighted portfolio of condominium complex over the time period 2002 through 2009. The return of the portfolios were examined for evidence of condominium complex size effect. The following regression models were used in this study. Model 1: Rp,t = αt + βtlog (SIZEp,t-₁) + єt Model 2: Rp,t = αt + β₁tlog (SIZEp,t-₁) + β₂t (Sp,t-₁) + єt Model 3: Rp,t = αt + β₁tlog (SIZEp,t-₁) + β₂t (Sp,t-₁) + β₃t (Up,t-₁) + єt (3) RESEARCH FINDINGS The results of three models do show the existence of condominium complex size(market capitalization) effect of anomalies in Seoul condominium market. 2. RESULTS The reurns of small market cap. complex portfolio tend to be higher than large small market cap. complex portfolio.

목차

ABSTRACT

Ⅰ. 서론

Ⅱ. 선행연구

Ⅲ. 자료와 분석방법

Ⅳ. 실증분석의 결과

Ⅴ. 결론

參考文獻

키워드

Anomalies small size(market cap.) complex effect Calendar anomalies Market efficiency Small-firm effect 이례현상 소규모(시가총액) 단지 효과 계절적 이례현상 시장 효율성 소기업 효과