期刊論文

技術報告

研討會論文

Working paper

 

期刊論文 (Journal Publications)

1.         Chen, Ming-Chi, Hsiu-Jung Tsai, Tien-Foo Sing, Chih-Yuan Yang (2014), Contagion and Downside Risk in the REIT Market During the Subprime Mortgage Crisis, International Journal of Strategic Property Management (SSCI), forthcoming

2.         Hung, Chih-Hsing, Chen Ming-Chi, Lin Wen-Yuan (2014), The relationship with REITs and bank loans: Capital structure perspectives, Finance Research Letters (SSCI), forthcoming

3.         Tsai, I-Chun, Tien-Foo Sing, Ming-Chi Chen, Ma Tai (2014), The Structure of REIT-Beta, Applied Financial Economics (EconLit, JEL), forthcoming

4.         Tsai, Hsiu-Jung, Ming-Chi Chen, Chih-Yuan Yang (2014), A Time-varying Perspective on the CAPM and Downside Betas, International Review of Economics and Finance (SSCI), 29: 440-454

5.         Huang, Wei-Ling, An-Pin Wei, Chih-Yuan Yang and Ming-Chi Chen (2013), The Role of Market Imperfections in the Relationship between Housing Prices and Household Credit: Evidence from Taiwan, Asian-Pacific Economic Literature (SSCI), 27(2): 131143

6.         Tsai, I-Chun and Ming-Chi Chen (2013), Asymmetric Correlation and Difference between the Volatility of Housing and Stock Price Indexes: Analysis Based on the Threshold Volatility and Cointegration Model, Journal of Financial Studies (財務金融學刊) (TSSCI, EconLit), 21(4): 25-58

7.         蔡怡純、陳明吉 (2013),房價之不對稱均衡調整:門檻誤差修正模型應用,台灣土地研究(TSSCI),第十六卷一期 ,37-58

8.         陳文意、周美伶、林玉惠、陳明吉 (2013),抑制房價以提高生育率:以台北都會區為例,都市與計劃(TSSCI),第四十卷二期,189-214

9.         Zeng, Jhih-Hong, Chi-Lu Peng Ming-Chi Chen, Chien-Chiang Lee (2013), Wealth effects on the housing markets: Do market liquidity and market states matter?, Economic Modelling (SSCI), 32, 488-495

10.      Hung,Chih-Hsing, Ming-Chi Chen and Shyh-Weir Tzang (2012), Modeling the Mortgages with Prepayment Penalties, Emerging Markets Finance and Trade (SSCI), Vol.48, No.3, 1156-173

11.      Lin, Shih-Kuei, I-Chun Tsai, Ming-Chi Chen, Ming-Che Chuang (2012), The Valuation of Mortgage Insurance Contracts Under Housing Price Cycles: Evidence from Housing Price index, Journal of Financial Studies (財務金融學刊) (TSSCI, EconLit), Vol.20, No3, 49-70

12.      Chen, Ming-Ch, Chin-Yu Wang, So-De Shyu (2012), Liquidity and the Future Stock Returns of the REIT Industry, Journal of Real Estate Finance and Economics (SSCI), Vol.45, No.3, 588-603

13.      Chen, Ming-Chi, Chin-Oh Chang, Chih-Yuan Yang, Bor-Ming Hsieh (2012), Investment Demand and Housing Prices in an Emerging Economy, Journal of Real Estate Research (SSCI), Vol.34,  No.3, 345-374

14.      Chen, Ming-Chi, Chi-Lu Peng, So-De Shyu, Jhih-Hong Zeng (2012), Market States and the Effect on Equity REIT Returns due to Changes in Monetary Policy Stance, Journal of Real Estate Finance and Economics (SSCI), Vol.45, No.2, 364-382

15.      Chen, Ming-Chi, I-Chun Tsai and Gary Chen (2011), A Preliminary Analysis of the Measurement of Operating Performance for Real Estate Investment Trusts in Taiwan, Net Income vs. Funds From Operations, Contemporary Management Research, Vol.7, No.4, 271-290

16.      蔡怡純、陳明吉、張光亮 (2011),台灣不動產投資信託基金具有防禦性嗎?,證券市場發展季刊(TSSCI),第二十二卷三期, 199-224

17.      Chiu-Fen Kao, David Shyu and Ming-Chi Chen (2011), Volatility Transmission between Exchange Rate and Interest Rate in the G7 Countries, The Empirical Economics Letters (EconLit), Vol 10, No 1, 87-95

18.      Chen, Ming-Chi, Chia-Chien Chang, Shih-Kuei Lin, David Shyu (2010), Estimation of Housing Price Jump Risks and Impact on the Valuation of Mortgage Insurance Contacts, Journal of Risk and Insurance (SSCI), Vol. 77, No. 2, 399-422

19.      蔡怡純、胥愛琦、陳明吉 (2010),不動產投資信託基金變得更危險了嗎? 亞洲市場實證研究,經濟與管理論叢 (EconLit)Vol.6, No.2 , 271-298

20.      Tsai, Hsiu-Jung and Ming-Chi Chen (2010), The Impacts of Extreme Events of Dynamic Interactions on Interest Rate, Real House Price and Stock Markets, International Research Journal of Finance and Economics (EconLit, JEL), Issue 35, 187-201

21.      I-Chun Tsai, Ming-Chi Chen, Tai Ma (2010), Modelling House Price Volatility in the United Kingdom by Switching ARCH Models, Applied Economics (SSCI), Vol. 42, Issue 9, 1145 1153

22.      陳明吉、蔡怡純、李曉盈 (2009),不動產投資信託基金在投資組合中之角色與貢獻度分析,亞太經濟管理評論,第十三卷第一期,73-92

23.      張金,陳明吉,鄧筱蓉,楊智元 (2009),台北市房價泡沫知多少?- 房價VS.租金、房價VS.所得,住宅學報(TSSCI), 第十八卷第二期,1-22

24.      Yang, Chih-Yuan and Ming-Chi Chen (2009), The Role of Co-Kurtosis in the Pricing of Real Estate, Journal of Real Estate Portfolio Management (EconLit, JEL, FLI), Vol. 15, No.2, 185-196

25.      I-Chun Tsai, Ming-Chi Chen (2009), Asymmetric Volatility of House Prices in the UK, Property Management, (ABI/INFORM), Vol.27, No.2, 80-90

26.      蔡怡純、陳明吉 (2008),台北地區不動產價格波動之不對稱性探討,住宅學報(TSSCI),第十七卷第二期,1-11

27.      陳明吉、曾婉婷 (2008),台灣不動產市場從眾行為之檢視,管理與系統 (TSSCI),第十五卷第四期,591-615

28.      彭芳祺、張金、陳明吉 (2008),不同拍賣機制對不良資產價格之影響,中山管理評論 (TSSCI),第十六卷第三期,401-428

29.      陳明吉、蔡怡純 (2007),房價蛛網與投資人行為,經濟論文 (EconLit, JEL, TSSCI),第三十五卷第三期,315-344

30.      蔡怡純、馬黛、陳明吉 (2007),限價單或是市價單? 價格改善與延遲交易之抵換關係探討,經濟與管理論叢 (EconLit),第三卷第二期,201-223

31.      蔡怡純、陳明吉  (2007),台北地區不動產價格波動與蛛網理論,台灣土地研究(TSSCI),第十卷第二期,1-12

32.      Chen, Ming-Chi, I-Chun Tsai and Chin-Oh Chang (2007), House Prices and Household Income: Do They Move Apart? Evidence from Taiwan, Habitat International (SSCI), Vol.31, 243-256.

33.      蔡怡純、陳明吉、馬黛 (2007),股票購回影響因素之理論與實證: 資訊不對稱觀點分析,中山管理評論 (TSSCI),第十五卷第一期,165-185

34.      Sing, Tien Foo, I-Chun Tsai and Ming-Chi Chen (2006), Price Dynamics in Public and Private Housing Markets in Singapore, Journal of Housing Economics (SSCI), Vol.15, No.4, 305-320

35.      Chen, Ming-Chi and Tien Foo, Sing, (2006), Common Structural Time Series Components in Inflation and Residential Property Prices, Journal of Real Estate Portfolio Management (EconLit, JEL, FLI), Vol12, No.1, 23-36

36.      陳明吉、羅容恆、莊葳丞 (2006),不動產抵押貸款證券之評價固定利率與浮動利率之比較分析,管理研究學報,第六卷第一期,1-47

37.      蔡怡純、陳明吉 (2004),住宅市場結構性轉變與價格均衡調整,都市與計畫 (TSSCI),第三十一卷四期 ,365-390 

38.      陳明吉、蘇培魁、羅容恆 (2004)BOT計畫投資時點選擇之價值評估以大鵬灣國家風景區為例,中山管理評論 (TSSCI),第十二卷四期 ,825-853

39.      陳明吉、郭照榮 (2004),台灣營建類股投資績效之長期檢視 - 直接與間接不動產投資比較分析,管理研究學報,第四卷第二期 ,144-168

40.      Chen, Ming-Chi, Yuichiro Kawaguchi, and Kanak Patel, (2004), An Analysis of the Trend and Cyclical Behaviours of House Prices in the Asian Markets, Journal of Property Investment and Finance (FLI), Vol.22 No.1, 55-75

41.      陳明吉、蔡怡純、張金 (2003),住宅負擔能力惡化之再檢視-台北市住宅市場分析,台大管理論叢 (TSSCI),第十四卷第一期,47-78 

42.      Chen, Ming-Chi (2003), Time-Series Properties and Modelling of House Prices in Taiwan, Journal of Housing Study (住宅學報) (TSSCI), Vol,12, No.2, 69-90 

43.      張金、翁偉翔、陳明吉 (2003), 不動產證券化可行性之研究-需求面分析,住宅學報 (TSSCI),第十二卷第一期, 1-29

44.      Chen, Ming-Chi and Kanak Patel, (2002), An Empirical Analysis of Determination of House Prices in the Taipei Area(台北地區住宅價格決定因素之實證研究), Taiwan Economic Review (經濟論文叢刊) (EconLit, JEL, TSSCI), 第三十第四期,563-595. 

45.      陳明吉、花敬群、張金 (2001),獎勵民間參與公共建設的新誘因-土地開發外部利益分配,公營事業評論,第二卷第三期,45-67 

46.      Chen, Ming-Chi and Kanak Patel, (1998), "House Price Dynamics and Granger Causality: An Analysis of Taipei New Dwelling Market", Journal of Asian Real Estate Society (International Real Estate Review), Vol. 1, No.1, 101-126 

 

專書與技術報告

1.         Chang, Chin-Oh and Ming-Chi Chen (2014), Construction Financing in Taiwan: Current State and Policy Regime,in The Global Financial Crisis and Housing. ed. Susan Wachter, Man Cho and Moon Joong Tcha. Edward Elgar Publishing Ltd

2.         Chang, Chin-Oh and Ming-Chi Chen (2011), Taiwan: Housing Bubbles and Affordability, in Global Housing Markets: Crises, Policies, and Institutions. ed. Ashok Bardhan, Robert Edelstein, Cynthia Kroll, New Jersey: John Wiley & Sons, Inc.

3.         陳明吉、蔡怡純、杜采萍 (2009),台灣REITs價位合理嗎?,台灣金融財務季刊,第十第三期 ,59-83

4.         吳怡蕙、張金、陳明吉 (2008),台灣REITs個人與法人投資需求 之研究過去、現在與未來,台銀季刊,第五十九卷第三期,72-94

5.         張金、陳明吉、鄧筱蓉 (2008),台北市房價泡沫知多少?--房價、租金、所得之相互關係與隨機折現模型之應用,政治大學台灣房地產研究中心

6.         陳明吉 (2008),投機或投資?由經濟與行為財務學的觀點檢視消費者的購屋行為及對房價的影響,2008台灣地區房地產產業年鑑,政治大學商學院信義不動產研究發展中心

7.         陳明吉、鄭傑榮 (2007),不動產投資信託風險分析 - 亞洲與美國市場為例,貨幣觀測與信用評等,68期,54-69

8.         陳明吉、蔡怡純、李育菁 (2006),台北房地產市場報酬波動特性之長期觀察,貨幣觀測與信用評等,59期,20-35

9.         沈水金、陳明吉、蔡敦浩 (2005),銀行區域消費金融中心營運之探討,企銀季刊,第二十八卷第三期,81-110

10.      陳明吉、廖茂成 (2005),資產市場關聯性與財富效果-台灣股票市場與不動產市場之分析,台灣土地金融季刊,第四十二卷第一期,25-42

11.      陳明吉、羅容恆、王達榮 (2004),推動不動產投資信託之資金來源分析,經社法治論叢,第三十三期,77-115

12.      陳明吉、顏龍男 (2003) 國內資產管理公司設立對不動產市場可能影響與因應, 台灣銀行季刊,第五十四卷第一期,97-123

13.      陳明吉 (2002),都市更新投資信託可行性之議及其對房地產參與角色的影響,台灣金融財務季刊,第三第二期,37-60 (PDF)

 

研討會論文 (Conference Papers)

1.         Chen, Ming-Chi (2013), An Analysis of Influence of Financial Environment and Policy on the Taiwanese Housing Market , the 2013 AsRES International Conference, Kyoto, Japan

2.         陳明吉 (2013),台灣住宅金融與購屋貸款制度之發展,世界華人不動產學會第五屆年會,中國北京

3.         林文淵、洪志興、陳明吉 (2012)The Analysis of Mortgage Risk Premium for Housing Investor and Lending2012 亞洲財務學會&臺灣財務金融學會聯合研討會,台北

4.         陳明吉、蔡怡純、謝明喜 (2012),美國不動產與金融市場關聯結構之研究,世界華人不動產學會第四屆年會,中國澳門(最佳論文獎)

5.         張嘉倩、陳明吉 (2012)Pricing of Presale Contracts with Macroeconomic Factors and Stochastic Basis Risk,世界華人不動產學會第四屆年會,中國澳門

6.         Chen, Ming-Chi,  I-Chun Tsai, Ming-Si Sie (2012), An Analysis of Dependence Structure between the Real Estate Markets and Financial Markets in the U.S., Joint 2012 AsRES-AREUEA International Conference, Singapore

7.         Sing, Tien Foo, I-Chun Tsai and Ming-Chi Chen (2012),Changing Characteristics of Equity REIT Betas, 2012 Asia Pacific Real Estate Research Symposium Tsinghua University, Beijing

8.         洪志興、陳明吉、沈柏甫 (2011),考慮罰則下不動產抵押貸款提前清償之房價突破點,中華民國住宅學會第二十屆年會暨學術研討會

9.         陳明吉、洪志興、施鍠瑋 (2011),不動產抵押貸款違約因素與代理問題研究,中華民國住宅學會第二十屆年會暨學術研討會

10.      陳明吉、陳國興 (2011),反向抵押房貸市場之影響因素研究 借鏡美國經驗,2011年臺灣商管與資訊研討會,台北(佳作論文獎)

11.      陳明吉、楊智元 (2011) Segmented or Integrated? The Interaction between Taiwan Stock Market and Real Estate Market ,世界華人不動產學會第三屆年會,中國杭州(最佳論文獎)

12.      I-Chun Tsai, Tien Foo Sing, Ming-Chi Chen (2010), Housing market booms and busts: regime-switching expectations of investors, The 15th Asian Real Estate Society (AsRES) Annual Conference, Kaohsiung, Taiwan

13.      林士貴、蔡怡純,莊明哲,陳明吉 (2010) 景氣循環下不動產抵押貸款保險之評價:房價指數之實證,世界華人不動產學會第二屆年會,台灣台北(最佳論文獎)

14.      吳仰哲、邱聖賢、林金源、陳明吉 (2010)Valuing mortgage insurance contracts with foreclosure risk under the reduced-form default probability ,世界華人不動產學會第二屆年會,台灣台北

15.      蔡怡純、程天富、陳明吉 (2010)Housing market booms and busts: regime-switching expectations of investors,世界華人不動產學會第二屆年會,台灣台北

16.      楊智元、陳明吉、黃瑋苓、魏安平 (2010)Asymmetric Dynamic Relationship between Housing Prices and Household Credit: Evidence from Taiwan, 世界華人不動產學會第二屆年會,台灣台北

17.      陳明吉、蔡繡容、楊智元、陳昱亨(2010),次級房貸風暴期間是否存在蔓延效果?REITs市場之系統風險與預期報酬之關係,世界華人不動產學會第二屆年會,台灣台北

18.      Chiu-Fan Kao, Chih-Yuan Yang, Chia-Chien Chang, Ming-Chi Chen (2009), Volatility Transmission between the Direct Real Estate and Stock Markets, Joint 2009 AsRES-AREUEA International Conference, Los Angeles, USA

19.      Yang, Chih-Yuan and Ming-Chi Chen (2009), The Role of Co-Kurtosis in the Pricing of Real Estate, Joint 2009 AsRES-AREUEA International Conference, Los Angeles, USA

20.      Chen, Ming-Chi and Chih-Yuan Yang (2009), An Analysis of Asset Market Intergration in the Presence of Transaction Costs, Joint 2009 AsRES-AREUEA International Conference, Los Angeles, USA

21.      高秋芬、楊智元、張嘉倩、陳明吉 (2009)Volatility Transmission between the Direct Real Estate and Stock Markets2009年證券投資暨風險管理研討會,高雄

22.      YangChe Wu, MingChi Chen, ShengHsien Chiu (2009), Pricing Mortgage Insurance Contracts with Default Actural Costs Using an OptionsBased Approach, 2009 International Conference of Taiwan Finance Association

23.      楊智元、高秋芬、陳明吉、徐守德 (2009),下方風險、高階動差與不動產報酬,2009 中部財金學術聯盟研討會,台中

24.      張金、鄧筱蓉、陳明吉、楊智元 (2008),台北市房價泡沫知多少?-房價、租金、所得之關係與狀態空間模型之應用。世界華人不動產學會成立大會暨產業與學術研討會,上海,中國

25.      Ming-Chi Chen, Chih-Yuan Yang (2008), Threshold Effect of Macro-economy to Real Estate Prices, The 13th Asian Real Estate Society Annual Conference, Shanghai, China

26.      Tien-Foo Sing, I-Chun Tsai, Ming-Chi Chen (2008), New Evidence for the Asymmetric REIT-Beta Puzzle, The 13th Asian Real Estate Society Annual Conference, Shanghai, China

27.      Hsiu-Jung Tsai, Ming-Chi Chen, Lih-feng Lin (2008), Nonlinear Dynamic Process of Basis Change of the Stock Index Future, BAI 2008 International Conference on Business and Information, Seoul, Korea

28.      Hsiu-Jung Tsai, Ming-Chi Chen, Lih-feng Lin (2008), An Investigation of Volatility Based on Dynamic Conditional Correlation Among Interest Rate, REITs, House Price and Stock Market, BAI 2008 International Conference on Business and Information, Seoul, Korea

29.      C-C Chang, D. Shyu, M-C Chen, S-K Lin (2008), Does the Housing Price Have Jump Risks ? Modeling, Empirical Performance, and Valuation of Mortgage Insurance Contracts, The 6th NTU International Conference on Economics, Finance and Accounting, Taipei, Taiwan

30.      陳明吉、楊智元 (2008),房價變化原因之再詮釋 - 門檻模型之應用,中華民國住宅學會第十七屆學術研討會,台南,台灣

31.      Ming-Chi Chen, I-Chun Tsai, Tien-Foo Sing (2007), A Cobweb Theory of House Price Incorporated with the Behavior of Investors, The 12th Asian Real Estate Society (AsRES) Annual Conference and The 2007 AREUEA International Conference

32.      I-Chun Tsai, Ming-Chi Chen (2007), Modelling House Price Volatility in the United Kingdom by Switching ARCH Models, The 12th Asian Real Estate Society (AsRES) Annual Conference and The 2007 AREUEA International Conference

33.      陳明吉、蔡怡純 (2006),房價蛛網與投資人行為,中華民國住宅學會第十六屆學術研討會

34.      陳明吉、曾婉婷(2006),台灣不動產市場從眾行為表現與驗證,中華民國住宅學會第十六屆學術研討會

35.      陳明吉、蔡怡純 (2005),台北地區不動產投資報酬與蛛網理論,中華民國住宅學會第十五屆學術研討會

36.      陳明吉、蔡怡純、李育菁 (2005),台北房地產市場報酬波動特性之長期觀察,中華民國住宅學會第十五屆學術研討會

37.      陳明吉、羅容恆、王達榮 (2004),不動產投資信託之資本結構決策分析,中華民國住宅學會第十四屆學術研討會

38.      Sing, Tien Foo, I-Chun Tsai and Ming-Chi Chen, (2004),Price Discovery and Policy Impacts in the Public and Private Housing Markets in Singapore, 9th Asian Real Estate Society (AsRES) International Conference, Delhi, India

39.      Chen, Ming-Chi and Gary Chen, (2004),The Measurement of Operating Performance for Real Estate Investment Trusts in Taiwan, Net Income vs. Funds From Operations, 9th Asian Real Estate Society (AsRES) International Conference, Delhi, India

40.      陳明吉、蔡怡純 (2003),結構性轉變與住宅價格預測-均衡調整之分析,中華民國住宅學會第十三屆學術研討會論文集(論文獎)

41.      楊宗憲、張金、陳明吉 (2002),住宅市場產品之偏離度與產品定位分析-建商市場行為分析之研究,中華民國住宅學會第十二屆學術研討會論文集

42.      陳明吉,顏龍男 (2002) 國內資產管理公司設立對不動產市場可能影響與因應, 台灣銀行季刊, 中華民國住宅學會第十二屆學術研討會論文集

43.      張金、翁偉翔、陳明吉 (2002), 不動產證券化可行性之研究-需求面分析,關懷本土學術研討會系列-不動產證券化理論與實務,台灣經濟學會

44.      陳明吉、蔡怡純、張金(2001),家庭所得與住宅價格長期關係探討-STOPBREAK模型之應用,中華民國住宅學會第十一屆學術研討會論文集

45.      Chen, Ming-Chi and Kanak Patel, (2001), Time-Series Properties and Modelling of House Prices in Taiwan, 中華民國住宅學會第十一屆學術研討會論文集

46.      陳明吉、廖茂成 (2001),資產市場關聯性下的財富效果 -台灣股票市場與不動產市場之分析,第二屆<2001>地政學術研討會

47.      陳明吉、花敬群、張金(2001),獎勵民間參與公共建設的新誘因-土地開發外部利益分配,公共與地方財政創新研討會

48.      Chen, Ming-Chi and Tien Foo, Sing (2000), Inflation-Hedging Characteristics of Residential Property Prices: A Comparative Analysis between UK and Asian Markets, the Asian Real Estate Society Fifth Annual Conference, Beijing, China

49.      Chen, Ming-Chi and Patel, Kanak, (2000), House Prices in Rapid Growing Economy: An Analysis of Taiwan Housing Market, 第一屆全國實證經濟學論文研討會

50.      Chen, Ming-Chi and Patel, Kanak, (1998), Time-series Properties and Modelling of UK House Prices, AREUEA International Real Estate Conference, Maastricht, The Netherland

51.      Chen, Ming-Chi, Kawaguchi, Yuichiro and Patel, Kanak, (1998), Structural Time-Series Analysis of Singapore, Taipei and Tokyo House Prices, the Asian Real Estate Society Third Annual Conference, Taipei, Taiwan

52.      Chen, Ming-Chi and Chen, Chun-Min, (1998), Review of House Price Studies: Development and Comparison, the First Conference of Chinese Real Estate Community, Taipei, Taiwan