摘要
从资产价格的角度研究存在于北京市房地产市场的羊群行为。利用检验证券市场羊群行为的基于GCAPM的测度方法,对北京市房地产市场进行实证分析,结果表明,2003年之前北京市场不存在明显的羊群行为,2003年之后存在显著的羊群行为。
This paper makes an analysis on whether herd behavior exists in Beijing real estate market from the angle of asset price by using the model developed for securities market based on GCAPM. The empirical test result for Beijing real estate market shows that the year of 2003 is the turning point:herd behavior didn t exist before it while it s obvious after that.
出处
《建筑经济》
北大核心
2008年第S2期96-100,共5页
Construction Economy
