Cross-Border Real Estate Direct Investment:An Example of Taiwan’s Insurance Industry / 海外直接不動產投資研究-以臺灣壽險業為例

碩士 / 國立臺北大學 / 不動產與城鄉環境學系 / 102 / This research tries to understand related theories of direct investment on real estate abroad and the operation condition of Taiwanese life insurance industry through literature review and secondary data collection. Then, the study conducts interviews with experts of oversea real estate investment to answer questions about direct investment on real estate abroad, and apply the method of expert questionnaire to construct an evaluation standard for life insurance industry’s direct investment on real estate abroad. The result shows that all interviewees express positive opinions towards Taiwanese life insurance industry’s direct investment on oversea real estate. The analysis on the affecting factors indicates that political environment has a strong impact on the investment, which accounts for 39.4% of the weight and runs a close second to the factor of economic environment’s 41.6%. The condition of the real estate itself accounts for only 19%, making it the least important factor.

Nonetheless, Taiwanese life insurance industry faces obstacles such as manager’s lack of expertise, inflexible decision-making mechanism, and Financial Supervisory Commission’s strict regulation, when investing on oversea real estate. The research would suggest Taiwanese life insurance companies in the future to improve employees’ ability to act in the international real estate market, to introduce foreign talents, and to delegate the power of making investment decision to professional managers. Meanwhile, the competent authority should loosen the restriction on shareholding ratio for real estate companies of specific purposes and the mechanism of case-by-case examination accordingly so that the life insurance companies could invest with more flexibility and better efficiency.

Identiferoai:union.ndltd.org:TW/102NTPU0133006
Date January 2014
CreatorsHE, BO-WEI, 何柏暐
ContributorsPENG, CHEIN-WEN, 彭建文
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format89

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