Liow, K H; Leong, J O T; Ebrahim, M S and Brown, G R (2001) Performance measurement in corporate real estate: Issues, evidence and research agenda. Journal of Financial Management of Property and Construction, 6(2), pp. 71-79. ISSN 1366-4387
Abstract
Non-real estate firms require the use of properties, and the acquisition, disposition and control of real property in a corporate environment have received increased attention in recent years. Individual companies commit substantial resources in real estate. In many industries, real estate holdings make up a significant proportion of the firms’ total assets. These firms thus have a significant portion of their value depending on the use of their real estate. Hence it is important that the contribution of real estate be explicitly recognized and quantified. In this paper, we propose that performance measurement in real estate ownership of non-property firms aims to quantify the contribution of real estate assets to business performance, financial performance and stock performance in an integrated manner through developing a stategic corporate real estate valuation model. Related evidence and future research agenda are discussed.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | corporate real estate, performance measurement, business performance, financial performance, stock market performance, strategic corporate real estate valuation model |
| Index terms: | ownership, financial performance, business performance, real estate, acquisition, evidence, research agenda, performance measurement, corporate real estate |
| Subjects: | performance measurement, economics, research management, business analysis, business, strategic management, real estate economics, evaluation and assessment methods |
| Topics: | Business Strategy, Urban Studies, Research Practice, Organizational Design, Quality Management |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here