Corporate Real Estate Strategies and Financial Performance of Companies

被引：3

作者：

Ali, Zaiton ^{[1
]}

Mcgreal, Stanley ^{[2
]}

Adair, Alastair ^{[2
]}

Webb, James R. ^{[3
]}

Roulac, Stephen E. ^{[4
]}

机构：

[1] Univ Putra Malaysia, Fac Econ & Management, Serdang, Malaysia

[2] Univ Ulster, Built Environm Res Inst, Sch Built Environm, Newtownabbey BT37 0QB, North Ireland

[3] Cleveland State Univ, James J Nance Coll Business, Dept Finance, Cleveland, OH 44115 USA

[4] Roulac Global Places LLC, San Rafael, CA USA

来源：

JOURNAL OF PROPERTY RESEARCH | 2008年 / 25卷 / 03期

关键词：

Corporate real estate; financial performance; UK companies; multivariate modelling;

D O I：

10.1080/09599910802696722

中图分类号：

TU98 [区域规划、城乡规划];

学科分类号：

0814 ; 082803 ; 0833 ;

摘要：

This study analyzes the relationship between Corporate Real Estate (CRE) strategy and the financial performance of major companies in the UK for two time periods, 1998 and 2003. The identification of specific CRE strategies is based on the seminal work of Nourse and Roulac (1993). The results indicate that more than 75% of the companies examined had a CRE strategy that could be mapped to the Nourse and Roulac framework and that certain CRE strategies made a contribution in enhancing the financial performance of companies. The relationship was stronger for companies in 2003 than for 1998. This was tested for both share price and profit margin as the dependent variable. This study concludes that CRE strategy can make a limited contribution to company financial performance.

引用

页码：241 / 267

页数：27

共 31 条

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