The relationship between company real estate and stock market performance: Empirical analysis from China

摘要

Company real estate (CRE) means the real estate such as land and buildings which owned by non-real estate companies in order to support the operation and development of the enterprise. In this paper, we will see the difference of CRE in different industries through comparative analysis of all the data. We take the empirical analysis methods and build the regression model based on the data from the listed non-real estate companies in Shenzhen Stock Exchange to analyze the relationship between a property-intensive non-real estate company's number of CRE holding and it's market performance. In this way we can understand why there are a plenty of non-real estate companies hold the real estate asset as investment, even for some non-real estate companies, real estate asset have been their largest asset projects. In some countries the real estate assets owned by some largest non-real estate company are compared in it in some big real estate.