Corporate real estate strategy: the Malaysian perspective
This study analyses the relationships between corporate real estate (CRE) strategy and financial performance of companies in Malaysia during 1998 and 2003. The identification of CRE strategies is based on the work of Nourse and Roulac (1993) and maps these strategies to the financial performance of...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
American Real Estate Society
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13802/ http://psasir.upm.edu.my/id/eprint/13802/1/Corporate%20real%20estate%20strategy%20the%20Malaysian%20perspective.pdf |
| _version_ | 1848842214496534528 |
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| author | Ali, Zaiton McGreal, Stanley Adair, Alastair Webb, James R. |
| author_facet | Ali, Zaiton McGreal, Stanley Adair, Alastair Webb, James R. |
| author_sort | Ali, Zaiton |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study analyses the relationships between corporate real estate (CRE) strategy and financial performance of companies in Malaysia during 1998 and 2003. The identification of CRE strategies is based on the work of Nourse and Roulac (1993) and maps these strategies to the financial performance of companies through multivariate models. The results indicate that 80% of the companies had a dominant CRE strategy that matched the Nourse and Roulac framework in both periods. For the 1998 analysis, there was no apparent link between CRE strategy and share performance. Indeed those companies not having a strategy had better share performance. In contrast, there was evidence of a CRE strategy making a contribution to share price in 2003. In particular, the strategy to facilitate managerial process and knowledge framework is shown to enhance financial performance, compared to other CRE strategies or the no strategy alternative. This study concludes that CRE strategy can make a positive contribution to financial performance, but needs more attention from management in order to maximize its potential. |
| first_indexed | 2025-11-15T07:55:34Z |
| format | Article |
| id | upm-13802 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:55:34Z |
| publishDate | 2008 |
| publisher | American Real Estate Society |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-138022018-08-14T08:33:17Z http://psasir.upm.edu.my/id/eprint/13802/ Corporate real estate strategy: the Malaysian perspective Ali, Zaiton McGreal, Stanley Adair, Alastair Webb, James R. This study analyses the relationships between corporate real estate (CRE) strategy and financial performance of companies in Malaysia during 1998 and 2003. The identification of CRE strategies is based on the work of Nourse and Roulac (1993) and maps these strategies to the financial performance of companies through multivariate models. The results indicate that 80% of the companies had a dominant CRE strategy that matched the Nourse and Roulac framework in both periods. For the 1998 analysis, there was no apparent link between CRE strategy and share performance. Indeed those companies not having a strategy had better share performance. In contrast, there was evidence of a CRE strategy making a contribution to share price in 2003. In particular, the strategy to facilitate managerial process and knowledge framework is shown to enhance financial performance, compared to other CRE strategies or the no strategy alternative. This study concludes that CRE strategy can make a positive contribution to financial performance, but needs more attention from management in order to maximize its potential. American Real Estate Society 2008 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/13802/1/Corporate%20real%20estate%20strategy%20the%20Malaysian%20perspective.pdf Ali, Zaiton and McGreal, Stanley and Adair, Alastair and Webb, James R. (2008) Corporate real estate strategy: the Malaysian perspective. Journal of Real Estate Literature, 16 (1). pp. 35-54. ISSN 0927-7544; ESSN: 1573-8809 https://www.jstor.org/stable/44103628?seq=1#page_scan_tab_contents |
| spellingShingle | Ali, Zaiton McGreal, Stanley Adair, Alastair Webb, James R. Corporate real estate strategy: the Malaysian perspective |
| title | Corporate real estate strategy: the Malaysian perspective |
| title_full | Corporate real estate strategy: the Malaysian perspective |
| title_fullStr | Corporate real estate strategy: the Malaysian perspective |
| title_full_unstemmed | Corporate real estate strategy: the Malaysian perspective |
| title_short | Corporate real estate strategy: the Malaysian perspective |
| title_sort | corporate real estate strategy: the malaysian perspective |
| url | http://psasir.upm.edu.my/id/eprint/13802/ http://psasir.upm.edu.my/id/eprint/13802/ http://psasir.upm.edu.my/id/eprint/13802/1/Corporate%20real%20estate%20strategy%20the%20Malaysian%20perspective.pdf |