文档介绍：华中科技大学硕士学位论文房地产投资风险分析与投资决策姓名:张铁平申请学位级别:硕士专业:工商管理指导教师:王韬 20061014 华中科技大学硕士学位论文 I 摘要房地产业作为国民经济基础性、先导性产业之一的地位日益巩固,成为当今主要的投资热点。为适合国际、国内整体形势的需要,用先进的、科学的、完善的理论研究作为房地产业可持续发展的行动指南,有利于促进房地产业的健康发展。本文通过对房地产投资基本形式和基本特点的介绍,定性地分析了房地产投资的风险因素,辨识风险的特征。风险包括确定型风险、随机型风险和不确定型风险三种,房地产投资企业一般都是用财务指标来判断,如财务指标分析法、盈亏平衡分析法、敏感性分析法和概率分析法等。针对房地产投资企业的特点,本文对房地产项目中所涉及到的宏观环境、行业技术和项目自身的风险因素都进行了分析,并对几个主要风险因素进行了深入研究,通过借鉴项目风险管理的层次分析方法,提出了房地产项目投资风险指标体系及评价方法。最后,通过一个较为详尽的房地产投资案例, 介绍了投资环境及其投资过程, 分析了房地产投资风险的影响因素,以及在进行房地产投资决策时如何有效控制和规避投资风险,从定性、定量方面阐述房地产投资决策分析过程。并说明风险指标体系及评价方法在房地产投资风险分析中的应用。关键词: 房地产风险分析投资决策华中科技大学硕士学位论文 II Abstract Real estate as the status that one of the foundation and pillar in national economy strengthen, so it e the hot field for investment. In order to fit the needs of development of international and domestic actuality. advanced, scientific and perfect theory is needed to guide the estate practice. The risk is departed into confirmed risk, stochastic risk and unconfirmed risk. Many finance index are usually used to judge th e investment risk by the real estate corporations,and formed finan ce index analytical method, prof it-loss-balanced analytical method and sensitivity analytical method. The integrity concepts of this paper include: Introduce the basic form and character of esta te investment, With the help of qualitative analysis of risk factor and identify the risk 's author get the system of risk index and estimate method. The system can resolv e the problem, and define the degree of risk factors. At the last part of the paper ,a particular example is shown to explain the method. Detailed analysis is given on th e factor of real estate ventur e, investment environment and investment process of real estate investme nt, policies of how to control and hedge the investment risk in the real estate investme nt decision process, d ecision making process from the angle of quality and the conclusion part, put forward the proposition of estate