您选择的条件: Xiaoyuan Li
  • Analysis of the financial performance of listed companies in the real estate sector based on factor analysis

    分类: 管理学 >> 管理学其他学科 提交时间: 2022-11-25 合作期刊: 《Economics & Management Review》

    摘要: In August 2020, The People's Bank of China(PBOC) and Minstry of Housing and Urban-Rural Development of the People's of China(MOHURD) introduced the three red lines policy for the supervision and financing management of the real estate industry, which is a landmark event for the real estate industry. For many years, the main source of funding for real estate companies has been bank loans and real estate pre-receipts, which has led to a very high debt ratio for real estate companies, and while this high leverage has brought great opportunities for real estate companies to develop, it also harbours great risks. The introduction of the three red lines policy has prompted a number of companies to reduce their debt and mitigate their financial risks. This paper collects data on the financial indicators of listed real estate enterprises as at 31 December 2020 and uses factor analysis to evaluate their financial performance. The current operating status of real estate listed companies and possible risks are evaluated from a financial perspective, and corresponding suggestions are made from the perspective of improving the financial situation.