试论我国房地产金融发展存在问题与对策.docVIP

试论我国房地产金融发展存在的问题及对策 摘 要：随着我国市场经济体制的逐步建立和完善,房地产业对调整经济结构、促进经济增长发挥了重要作用,而房地产金融成长对房地产业的发展起着重要的推动作用。在当前我国宏观经济持续快速发展,金融深化进程不断推进的背景下,房地产金融在国家金融业中的地位作用也日益突出。加快我国房地产金融在市场、制度、机构等方面的建设成为现阶段深化发展的现实需要。 目前,国内外关于房地产金融的研究多是从实务角度出发,针对房地产金融工具、方式、制度等方面的系统性研究较少，本文对于我国房地产金融的探析具有重大的理论和现实意义 Abstract Since 2010, from the consideration of the overheated real estate market and peoples livelihood issues, the government tightened the money supplement for the real estate enterprises and real estate investment in the credit market, which resulted in a huge gap between the funding supplement and demand in real estate financial market. Chinese real estate financial innovation has come in to being and developed under this background. Due to asymmetric information, opportunism and the principal-agent problem, there are still many problems in the development of our real estate financial innovation. Based on this background, how to overcome the immaturity and imperfect of the financial markets in China and promote the reasonable development of standard real estate financial innovation though building institutional arrangements is very new subject worthy of study. In this paper, comprehensive using the theory of transaction cost, property rights, contract theory and institutional change in new institutional economics, and the other relevant methods such as game theory, we redefined the connotation of the real estate finance innovation system. After the analysis of the microscopic interest structure of all stakeholders and the governance issues of the contractual relations in the innovative real estate financial investment instruments, we promoted some recommendations about institutional arrangements for our policy maker. The rest of the paper is structured as follows: Firstly, we defined related concepts of the real estate financial innovation. Based on these summarizes, this paper gave an overview of foreign real estate financial innovation, including the innovation of real estate financial instr