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Corporate real estate strategies and financial performance of companies


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


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.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.1080/09599910802696722
Publisher: Routledge
Keywords: Corporate real estate; Financial performance; UK companies; Multivariate modelling
Depositing User: Nabilah Mustapa
Date Deposited: 14 Aug 2018 08:33
Last Modified: 14 Aug 2018 08:33
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1080/09599910802696722
URI: http://psasir.upm.edu.my/id/eprint/13800
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