Download or read book Development Involvement and Property Share Performance written by Dirk Brounen and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper concerns the dilemma whether regulators should preclude tax-exempt property investment companies from engaging in property development activities. We analyze the economic effects of combinations of property investment and property development by looking at the performance of an international set of property investment companies with varying degrees of involvement in property development. We study the five most important listed property markets in the world: the United States, Hong Kong, Australia, the United Kingdom, and France. We examine the extent to which property investment companies participate in development projects by dividing the books value of their development projects by total assets. These development ratios yield remarkable differences both within and across national samples, with national averages varying between 2.23% for the United States and 21.34% for our Hong Kong sample. Analysis of property share performance yields results that consistently indicate that the cluster of property companies most involved in development projects is associated with both the highest total return and the highest systematic risk. We also find a weak positive link between development involvement and the Jensen alpha of property shares. The statistical significance of this link varies by country, with strong results for Hong Kong and Australia and less compelling results for The United States, the United Kingdom and France. Besides analyzing the stock performance of the companies in our samples we also focus on their operational profitability. Again we consistently find both the highest and most volatile performance for companies actively participating in property development projects.
Download or read book Econometric Analysis of the Real Estate Market and Investment written by Peijie Wang and published by Routledge. This book was released on 2003-09-02 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an economic and econometric analysis of real estate investment and real estate market behaviour. Peijie Wang examines fluctuations in the real estate business to reveal the mechanisms governing the interactions between the industry and other sectors of the economy.
Download or read book Interior Environment and Related Agencies Appropriations for 2007 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Interior, Environment, and Related Agencies and published by . This book was released on 2006 with total page 1484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Routledge Companion to Real Estate Development written by Graham Squires and published by Routledge. This book was released on 2017-09-07 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real estate development shapes the way people live and work, playing a crucial role in determining our built environment. Around the world, real estate development reflects both universal human needs and region-specific requirements, and with the rise of globalization there is an increasing need to better understand the full complexity of global real estate development. This Companion provides comprehensive coverage of the major contemporary themes and issues in the field of real estate development research. Topics covered include: social and spatial impact markets and economics organization and management finance and investment environment and sustainability design land use policy and governance. A team of international experts across the fields of real estate, planning, geography, economics and architecture reflect the increasingly interdisciplinary nature of real estate studies, providing the book with a depth and breadth of original research. Following on from the success of the textbook International Approaches to Real Estate Development, the Routledge Companion to Real Estate Development provides the up-to-date research needed for a full and sophisticated understanding of the subject. It will be an invaluable resource to students, researchers and professionals wishing to study real estate development on an international scale.
Download or read book Property Development written by David Cadman and published by Taylor & Francis. This book was released on 1995 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text on the commercial property development process is aimed at students of all disciplines related to the built environment. It provides a practical overview of the process, focusing on such things as land acquisition and planning.
Download or read book Property Investment Decisions written by S Hargitay and published by Routledge. This book was released on 2003-09-02 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of property as an investment medium continues to grow. Investors in property or those involved with the provision of expert advice to investors have had to improve the effectiveness and efficiency of their decision making. The aim of this book is to lay down the theoretical foundations of investment decision making, incorporating the techniques and procedures of modern management science, so that particular decisions regarding property investment can be made efficiently and rationally.
Download or read book Interior Environment and Related Agencies Appropriations For 2007 Part 3 109 2 Hearings written by and published by . This book was released on 2006 with total page 1484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of the Interior and Related Agencies Appropriations for written by United States. Congress. Senate. Committee on Appropriations and published by . This book was released on 2007 with total page 1484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Urban Planning and Real Estate Development written by John Ratcliffe and published by Routledge. This book was released on 2009-01-19 with total page 717 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twin processes of planning and property development are inextricably linked – it’s not possible to carry out a development strategy without an understanding of the planning process, and equally planners need to know how real estate developers do their job. This third edition of Urban Planning and Real Estate Development guides students through the procedural and practical aspects of developing land from the point of view of both planner and developer. The planning system is explained, from the increasing emphasis on spatial planning at a regional level down to the detailed perspective of the development control process and the specialist requirements of historic buildings and conservation areas. At the same time the authors explain the entire development process from inception through appraisal, valuation and financing to completion and disposal. This is an invaluable textbook for real estate and planning students, and helps to meet the requirements of the RICS and RTPI Assessment of Professional Competence.
Download or read book New Directions in Real Estate Finance and Investment written by Piet Eichholtz and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research in real estate finance and economics has developed in an exciting way in the past twenty-five years or so. The resulting theoretical and empirical findings are shining a new light on some of the classic mysteries of the real estate markets. It is good to see that a growing proportion of this research output is concerned with contemporary problems and issues regarding the European and Far Eastern property markets. To stimulate a creative exchange of new ideas and a debate of the latest research findings regarding the global property markets, the Maastricht-Cambridge Real Estate Finance and Investment Symposium was established. This initiative aims at bringing together a number of leading researchers in the field for a short, intensive conference. The 2000 Symposium, which was hosted by Maastricht University in the Netherlands in June of that year, is the first in an annual series of such conferences, which will alternate between Maastricht University and Cambridge University. This book is a compilation of the papers originally presented at the first Maastricht-Cambridge Symposium in 2000.
Download or read book The Report Abu Dhabi 2013 written by and published by Oxford Business Group. This book was released on 2013 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Thinking about REDD benefit sharing mechanism BSM written by Ani Adiwinata Nawir and published by CIFOR. This book was released on 2015-03-13 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Benefit sharing (BS) approaches in community forestry (CF) are differentiated into: rights allocation-based, input-based and performance-based, from initiation to implementation and each approach has specific and complementary roles in ensuring effectiveness, efficiency and equity of benefit sharing mechanisms (BSMs).
Download or read book Market Performance and Competition in the Petroleum Industry written by United States. Congress. Senate. Committee on Interior and Insular Affairs and published by . This book was released on 1974 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sustainable Real Estate in the Developing World written by Raymond Talinbe Abdulai and published by Emerald Group Publishing. This book was released on 2021-03-29 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainable Real Estate in the Developing World offers a perfect and ideal synthesis of works that examine sustainability within various facets of real estate and urban development in the developing world. A must-read for academics, researchers, policy-makers and students in all the built environment disciplines.
Download or read book Property Investment and Property Development Firm Performance Around IPO and Rights Offerings written by Marcus Gerbich and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In contrast to the well documented underperformance of equity issuers, Property Investment firms undertaking IPOs and rights issues have performed indistinguishably from similar non-issuing firms. Property Development companies that issued equity over the same period performed significantly worse than non-issuing firms. The major difference between Property Development and Property Investment firms is that Property Investment firms hold portfolios of real estate assets and thus have more certain prices. The lower pricing uncertainty of Property Investment firms results in normal long-run performance. Tests of the cognitive bias hypothesis provide only weak support of this explanation, while size and book-market effects are unable to account for the performance of Property Investment and Development companies. The findings of underperformance for rights issues suggest hat timing equity issues to take advantage of new shareholders may not be linked to the existence of cognitive bias. Importantly for the international growth in securitised real estate markets no evidence is found suggesting equity issues of securitised real estate firms should be avoided.
Download or read book Improving the Performance of Construction Industries for Developing Countries written by Pantaleo D. Rwelamila and published by Routledge. This book was released on 2020-12-22 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book documents the experiences, development, and prospects of the construction industry in numerous developing countries. It will provide a strong base of reference for countries looking to improve their construction industries as part of their wider economic development programme. The opening chapter presents a strategic overview of the contents of the book, and each country-specific chapter is structured to consider the legal and policy frameworks, administrative infrastructure and procedures, and implementation mechanisms, as well as the experiences, current activities, and future plans and programmes with respect to construction industry development in each country. The concluding chapter looks forward and considers the implications of future trends for the construction industries in developing countries and the actions which will be required to address them. Chapters cover: India, Singapore, Chile, South Africa, Tanzania, Malaysia, Botswana, Ghana, Uganda, Indonesia, China, Croatia, and Eswatini. Readers will learn about the wealth of comparable stories from global coverage from the detailed country-specific cases. Building on important scholarly works in the field, this book is essential reading for academics, researchers, and policy makers in built environments, economics, construction management, infrastructure management, and the wider construction industry.
Download or read book Information Acquisitions and Sharing through Inter Organizational Collaboration Impacts of Business Performance in China written by Lu, Wu and published by IGI Global. This book was released on 2015-07-24 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interorganizational cooperation between partners, markets, and business leaders is an important facet of business and maintaining organizational competitiveness. Understanding how to effectively collaborate with partners in other organizations is an important skill for the success of all parties. Information Acquisitions and Sharing through Inter-Organizational Collaboration: Impacts of Business Performance in China discusses the effectiveness and impact of trust, e-business diffusion, and organizational processes on business performance in cooperative scenarios. Incorporating data from over 500 organizations in China’s manufacturing sector, this book is an essential reference for business leaders, CEOs, senior managers, and all other members of organizations seeking to better collaborate with their partners.
