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Corporate real estate strategy in the UK and Malaysia


Ali, Zaiton and McGreal, Stanley and Adair, Alastair and Webb, James R. (2006) Corporate real estate strategy in the UK and Malaysia. Journal of Corporate Real Estate, 8 (4). pp. 168-177. ISSN 1463-001X; ESSN: 1479-1048


Purpose: The purpose of this paper is to compare corporate real estate (CRE) strategies of companies in a mature market, the UK, with companies in an emerging market, Malaysia, and examine whether CRE strategy impacts on financial performance. Design/methodology/approach: The methodology involved the analysis of the reporting of CRE strategies in company reports for two time periods, 1998 and 2003. Multivariate models were used to test the relationship between CRE strategy and financial performance. Findings: The results show that a high percentage of companies have CRE strategies that map to the Nourse and Roulac framework, though some companies had alternative or no CRE strategies. Variations are apparent between the UK and Malaysia and between the time periods with differences in the clarity of reporting. The contribution of CRE strategy to financial performance is more significant in 2003. Research limitations/implications: The testing of relationships based on another framework, would allow comparisons to be made with the current study in determining the potential of CRE strategy. Originality/value: This study has been the first attempt to identify relationships between CRE strategy and the financial performance of companies and in doing so has raised other potential questions for further research.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.1108/14630010610714844
Publisher: Emerald Group Publishing
Keywords: Corporate strategy; Real estate; Financial performance; Malaysia; United Kingdom; Multivariate analysis
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=10.1108/14630010610714844
URI: http://psasir.upm.edu.my/id/eprint/13803
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