Analysis of the Deviation of Option Value and Transaction Price of Unused Rural Residential Land
Document No.1 of the Central Committee in 2023 emphasized giving farmers fuller property rights and interests and safeguarding their legitimate land rights and interests.With the acceleration of urbanization,the problems of rough use and idleness of rural residential lands have been highlighted.At present,China's rural construction land market has not yet been established and perfected.Under the uncertain fu-ture market environment,there is uncertainty about the gains and losses that farmers will realize and face from revitalizing unused rural residen-tial lands and transferring the right to use residential land.Rural residential land is similar to the underlying asset in a financial option in that the rights granted by rural residential land to land users can be viewed as a call option.The study finds that rural residential land has the basic characteristics of real optionand is similar to European-style options;introduces a typical case of revitalization of unused rural residential lands in Shaanxi Province to measure the deviation between option value and transaction price of rural residential land.It finds that the deviation val-ue is 51 766 yuanwith the deviation rate of-34.11%;and analyzes the reasons for the deviation from the perspective of the right to develop-ment of the land.The problem of deviation in the value of rural residential land is related to the interests of farmersand further countermeasures are proposed to protect the interests of farmers and safeguard their legitimate property rights and interests.
国家科技期刊平台
NSTL
万方数据
