| 논문명 |
[논문] 외국자본의 서울 오피스 빌딩 투자 행태 연구 / Investment Behavior of Foreign Funds in Seoul Office Market |
| 저자명 |
이상경 ; 이인철 |
| 발행사 |
대한국토도시계획학회 |
| 수록사항 |
국토계획, v.40 n.5(통권 144호) (2005-10) |
| 페이지 |
시작페이지(177) 총페이지(12) |
| ISSN |
12267147 |
| 주제분류 |
도시 |
| 주제어 |
오피스 ; 외국자본 ; 투자행태 ; 보유기간 ; 자본환원율//Office ; Foreign Fund ; Investment Behavior ; Holding Period ; Capitalization Rate |
| 요약1 |
이 논문은 외국자본의 서울 오피스 빌딩 투자 행태를 분석하는 것을 연구 목적으로 한다. 외국자본의 투자특성과 선택행태, 보유기간, 투자수익률을 중심으로 국내자본과 비교하는 방식으로 연구가 진행되며, 부동산 투자자문회사인 SAMS3)가 제공한 서울시 오피스 빌딩 매매사례 자료가 연구에 이용된다. |
| 요약2 |
Foreign funds have become very important investors in Seoul office market since the 1997 currency crisis. Nonetheless, few papers have been made public on their investment. The purpose of this paper is to analyze the investment behavior of foreign funds in Seoul office market. Data was collected and furnished by SAMS which specialized in property management from 2000 to 2004. This study is carried by comparing behavior of foreign funds with local funds and focuses on the following: the characteristics of purchases, holding period and rate of return. The results are as follows; By exploratory data analysis and logistic regression analysis, it is revealed that foreign funds bought office buildings in CBD than in Kangnam and they had preferences for big size buildings and asset backed securities(ABS). By survival analysis, it is examined that the holding period of foreign funds was shorter than local funds. The average capitalization rate of foreign funds was higher than local funds and the same went for the actual rate of return. This paper is useful for fund managers and policymakers. |
| 소장처 |
대한국토도시계획학회 |