Abdul-Aziz, A R; Shiew yi, H and Jaafar, M (2007) Impact of firm characteristics on the value of resources for Malaysian private housing developers. Journal of Financial Management of Property and Construction, 12(2), pp. 95-106. ISSN 1366-4387
Abstract
Using the resource-based view, a study was conducted to identify resources required to successfully compete in the Malaysian housing development industry. Data was collected using postal questionnaires and interviews. From the statistical tests done on the data, it was found that variation in certain firm characteristics influenced the value the respondents attached to certain resources. In addition, the more housing segments the developers operated, the more emphasis are given to organisational strategy and policies. There is an inverted-U relationship between product diversification and trade secrets and innovation, with the maximum value at four housing segments. The housing developers that practise strategic management emphasised significantly more on management expertise and experience than those that did not. No variation in the value attached to resources was found when the other two firm characteristics, i.e. legal status and geographical diversification, were examined. Given the small number of companies that participated in the study, the results should be treated with circumspect. What the study provided though are grounds for more in-depth study to be conducted.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | firm characterisitics; housing developers; Malaysia; product diversification |
| Index terms: | housing development, resource-based view, organizational strategy, interview, housing developer, housing, statistical test, questionnaire, variation, management expertise, strategic management, Malaysia, diversification |
| Subjects: | data collection methods, construction type, business, statistical analysis, market analysis, sociology, contractual condition, Geography, professional development, management |
| Topics: | Construction Technology, Stakeholder Management, Research Practice, Geographical Context, Information Management, Business Strategy, Contract Administration |
| Descriptive scope: | 5 PCTEA |
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