미국 상장리츠에 대한 코로나19 영향 분석 = Corona19 Impact Analysis on US Listed Reits

다국어 초록 (Multilingual Abstract)

From the beginning of the year 2020, due to the rapid increase in COVID-19 patients and the absence of treatments, economic activity has ceased in almost all areas of Korea. The solution that the government has come up with as a way to prevent the spread of the virus without a cure is to cut off the transmission by disconnecting each individual from social life, and through this, domestic economic activities are being stopped. In order to prevent the spread of Corona 19, each country prepares and shares an infected person outbreak map, prohibits movement by region or the entire society in order to prevent contact between infected and non-infected persons, or by instructing business and industrial facilities to stop operating at home Working and non-face-to-face orders increased.
As the situation in which individuals' movements and activities are controlled across the world is progressing, reverse growth is occurring across all countries and industries, but due to this situation, the untouch business industry, IoT-related industry, and business performance through AI is increasing. These companies' earnings growth is expected to continue for the time being. And through this, FAANG (Facebook, Amazon, Netflix, Google) companies, the leading IT companies in the United States, are expected to increase their earnings and share prices are rising. Through this phenomenon, there is also a prediction that the economic structure will change rapidly from the tertiary industry centered to the fourth industry.
Due to the change in the economic structure, the speed of technological use and commercialization of the fourth and related industries is also accelerating. And the demand for infrastructure facilities required to change the industrial structure to the fourth industry is also increasing. In the 4th industry, it is essential to exchange data between devices based on fast data speed and fast processing, so it is essential to establish and secure related facilities such as 5G data transmission and reception facilities, data storage devices, and facilities for non-face-to-face Internet processing. Most of them require large-scale funds, and because they entail social costs, it results in the growth of related REITs, which essentially act as conduit for funds in the development process.

목차 (Table of Contents)

• 제1장 서론 1
• 제1절 연구의 배경과 목적 1
• 제2절 연구의 범위와 방법 13
• 1. 연구 대상과 범위 13
• 2. 연구의 방법 14
• 제2장 이론적 고찰 15
• 제1절 부동산간접투자의 의미 15
• 제2절 선행연구의 검토 23
• 제3장 리츠 사례별 분석 27
• 제1절 리츠의 현황 27
• 1. 리츠의 정의 27
• 2. 국내 리츠 30
• 3. 미국 상장리츠 34
• 제2절 미국 상장리츠의 분류 37
• 1. 개요 37
• 2. 사례 40
• 제3절 수익률분석 56
• 제4절 주요요인 분석 58
• 제4장 코로나19에 따른 미국 내 리츠 영향 59
• 제1절 코로나19 시대의 특징 59
• 1. 미국 상장리츠 59
• 2. 미국 소비자물가지수, 생산자물가지수 61
• 3. 주식시장 64
• 4. 부동산시장 68
• 제2절 상장리츠에 대한 영향 70
• 1. Equity 상장리츠 70
• 2. Mortgage 상장리츠 74
• 제5장 실증분석 76
• 제1절 자료선정 76
• 제2절 분석모형 77
• 제3절 기초분석 80
• 제4절 분석결과 85
• 제6장 결론 94
• 제1절 연구요약 94
• 제2절 시사점 및 한계 98
• 참고문헌 99
• Abstract 102