Can Foreign Investment In Real Estate Improves Host Country's Affordability?
Inflows of foreign capital are necessary to complement the available domestic fund or capital of host countries. Foreign capital may also bring in management skills, latest technology and so on, which later has the potential to be transferred to local firms in host countries. It is expected th...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
2016
|
| Subjects: | |
| Online Access: | http://eprints.usm.my/37211/ http://eprints.usm.my/37211/1/aamjaf12022016_1.pdf |
| _version_ | 1848878129733435392 |
|---|---|
| author | Masron, Tajul Ariffin Zull Kepili, Ema Izati |
| author_facet | Masron, Tajul Ariffin Zull Kepili, Ema Izati |
| author_sort | Masron, Tajul Ariffin |
| building | USM Institutional Repository |
| collection | Online Access |
| description | Inflows of foreign capital are necessary to complement the available domestic fund or
capital of host countries. Foreign capital may also bring in management skills, latest
technology and so on, which later has the potential to be transferred to local firms in
host countries. It is expected that foreign capital will elevate host country's affordability.
Nonetheless, this argument is very much one-way. Foreign capital is also expected to be
able to exert negative consequences such as fuelling up domestic price (either stock market
price, and/or real estate price) and failure to effectively transferring knowledge, skills and
technologies, leading to unchanged or lower country's affordability level. Hence, this study
aims at investigating the effect of foreign investment in real estate (FIRE) on host country's
affordability. Using 30 emerging markets as a case for the period of 2000–2011, estimated
by using fixed-effect model and complemented by 2-stage least square (2SLS) method, this
study found that FIRE has a tendency to generate positive effect on countries' affordability.
On the policy implication side, government can continue attracting foreign investment in
real estate but it should be done cautiously as the effect is not elastic. |
| first_indexed | 2025-11-15T17:26:26Z |
| format | Article |
| id | usm-37211 |
| institution | Universiti Sains Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T17:26:26Z |
| publishDate | 2016 |
| publisher | Asian Academy of Management (AAM) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | usm-372112017-10-20T00:49:53Z http://eprints.usm.my/37211/ Can Foreign Investment In Real Estate Improves Host Country's Affordability? Masron, Tajul Ariffin Zull Kepili, Ema Izati HD28-70 Management. Industrial Management Inflows of foreign capital are necessary to complement the available domestic fund or capital of host countries. Foreign capital may also bring in management skills, latest technology and so on, which later has the potential to be transferred to local firms in host countries. It is expected that foreign capital will elevate host country's affordability. Nonetheless, this argument is very much one-way. Foreign capital is also expected to be able to exert negative consequences such as fuelling up domestic price (either stock market price, and/or real estate price) and failure to effectively transferring knowledge, skills and technologies, leading to unchanged or lower country's affordability level. Hence, this study aims at investigating the effect of foreign investment in real estate (FIRE) on host country's affordability. Using 30 emerging markets as a case for the period of 2000–2011, estimated by using fixed-effect model and complemented by 2-stage least square (2SLS) method, this study found that FIRE has a tendency to generate positive effect on countries' affordability. On the policy implication side, government can continue attracting foreign investment in real estate but it should be done cautiously as the effect is not elastic. Asian Academy of Management (AAM) 2016 Article PeerReviewed application/pdf en http://eprints.usm.my/37211/1/aamjaf12022016_1.pdf Masron, Tajul Ariffin and Zull Kepili, Ema Izati (2016) Can Foreign Investment In Real Estate Improves Host Country's Affordability? Asian Academy of Management Journal of Accounting and Finance, 12 (2). pp. 1-21. ISSN 1823-4992 http://web.usm.my/journal/aamjaf/aamjaf12022016/aamjaf12022016_1.pdf |
| spellingShingle | HD28-70 Management. Industrial Management Masron, Tajul Ariffin Zull Kepili, Ema Izati Can Foreign Investment In Real Estate Improves Host Country's Affordability? |
| title | Can Foreign Investment In Real Estate
Improves Host Country's Affordability? |
| title_full | Can Foreign Investment In Real Estate
Improves Host Country's Affordability? |
| title_fullStr | Can Foreign Investment In Real Estate
Improves Host Country's Affordability? |
| title_full_unstemmed | Can Foreign Investment In Real Estate
Improves Host Country's Affordability? |
| title_short | Can Foreign Investment In Real Estate
Improves Host Country's Affordability? |
| title_sort | can foreign investment in real estate
improves host country's affordability? |
| topic | HD28-70 Management. Industrial Management |
| url | http://eprints.usm.my/37211/ http://eprints.usm.my/37211/ http://eprints.usm.my/37211/1/aamjaf12022016_1.pdf |