Corporate real estate strategies and financial performance of companies
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 indica...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Routledge
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13800/ http://psasir.upm.edu.my/id/eprint/13800/1/Corporate%20real%20estate%20strategies%20and%20financial%20performance%20of%20companies.pdf |
| _version_ | 1848842213948129280 |
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| author | Ali, Zaiton McGreal, Stanley Adair, Alastair Webb, James R. Roulac, Stephen E. |
| author_facet | Ali, Zaiton McGreal, Stanley Adair, Alastair Webb, James R. Roulac, Stephen E. |
| author_sort | Ali, Zaiton |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T07:55:34Z |
| format | Article |
| id | upm-13800 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:55:34Z |
| publishDate | 2008 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-138002018-08-14T08:33:19Z http://psasir.upm.edu.my/id/eprint/13800/ Corporate real estate strategies and financial performance of companies Ali, Zaiton McGreal, Stanley Adair, Alastair Webb, James R. Roulac, Stephen E. 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. Routledge 2008 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/13800/1/Corporate%20real%20estate%20strategies%20and%20financial%20performance%20of%20companies.pdf Ali, Zaiton and McGreal, Stanley and Adair, Alastair and Webb, James R. and Roulac, Stephen E. (2008) Corporate real estate strategies and financial performance of companies. Journal of Property Research, 25 (3). pp. 241-267. ISSN 0959-9916; ESSN: 1466-4453 https://www.tandfonline.com/doi/abs/10.1080/09599910802696722 10.1080/09599910802696722 |
| spellingShingle | Ali, Zaiton McGreal, Stanley Adair, Alastair Webb, James R. Roulac, Stephen E. Corporate real estate strategies and financial performance of companies |
| title | Corporate real estate strategies and financial performance of companies |
| title_full | Corporate real estate strategies and financial performance of companies |
| title_fullStr | Corporate real estate strategies and financial performance of companies |
| title_full_unstemmed | Corporate real estate strategies and financial performance of companies |
| title_short | Corporate real estate strategies and financial performance of companies |
| title_sort | corporate real estate strategies and financial performance of companies |
| url | http://psasir.upm.edu.my/id/eprint/13800/ http://psasir.upm.edu.my/id/eprint/13800/ http://psasir.upm.edu.my/id/eprint/13800/ http://psasir.upm.edu.my/id/eprint/13800/1/Corporate%20real%20estate%20strategies%20and%20financial%20performance%20of%20companies.pdf |