Policy uncertainty and overseas property purchases: Evidence from China

被引：3
|
作者：
Qiu, Leiju [1 ]
Li, Tianyu [2 ]
He, Qing [3 ]
Zhao, Daxuan [4 ]
机构：
[1] Cent Univ Finance & Econ, China Ctr Internet Econ Res, Beijing, Peoples R China
[2] Jilin Univ, Business Sch, Changchun, Peoples R China
[3] Nankai Univ, Sch Finance, Tianjin, Peoples R China
[4] Renmin Univ China, Sch Business, Beijing, Peoples R China
来源：
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2021年 / 58卷
基金：
中国国家自然科学基金;
关键词：
Political transition; Foreign buyers; Property market; China; BUSINESS-CYCLE; PRICE; PRIVATE; PERFORMANCE; INVESTMENT; RIGHTS;
D O I：
10.1016/j.ribaf.2021.101439
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
A political leadership transition occurs in China every five years. This shift in leadership is accompanied by tremendous uncertainty within Chinese society, particularly for the nation's wealthy people. Examining private residential property transaction data in Singapore, this paper reveals that the number of transactions by Chinese mainland buyers increases by half during political transitions that occurred between 1998 and 2013, in comparison to buyers from Malaysia, the US, and Hong Kong.
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页数：10
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