Ändra sökning
Avgränsa sökresultatet
1 - 9 av 9
RefereraExporteraLänk till träfflistan
Permanent länk
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annat format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annat språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Träffar per sida
  • 5
  • 10
  • 20
  • 50
  • 100
  • 250
Sortering
  • Standard (Relevans)
  • Författare A-Ö
  • Författare Ö-A
  • Titel A-Ö
  • Titel Ö-A
  • Publikationstyp A-Ö
  • Publikationstyp Ö-A
  • Äldst först
  • Nyast först
  • Skapad (Äldst först)
  • Skapad (Nyast först)
  • Senast uppdaterad (Äldst först)
  • Senast uppdaterad (Nyast först)
  • Disputationsdatum (tidigaste först)
  • Disputationsdatum (senaste först)
  • Standard (Relevans)
  • Författare A-Ö
  • Författare Ö-A
  • Titel A-Ö
  • Titel Ö-A
  • Publikationstyp A-Ö
  • Publikationstyp Ö-A
  • Äldst först
  • Nyast först
  • Skapad (Äldst först)
  • Skapad (Nyast först)
  • Senast uppdaterad (Äldst först)
  • Senast uppdaterad (Nyast först)
  • Disputationsdatum (tidigaste först)
  • Disputationsdatum (senaste först)
Markera
Maxantalet träffar du kan exportera från sökgränssnittet är 250. Vid större uttag använd dig av utsökningar.
  • 1. DeLisle, J.
    et al.
    Grissom, T.
    Högberg, Lovisa
    KTH, Skolan för arkitektur och samhällsbyggnad (ABE), Fastigheter och byggande, Bygg- och fastighetsekonomi.
    Sustainable real estate: An empirical study of the behavioural response of developers and investors to the LEED rating system2013Ingår i: Journal of Property Investment & Finance, ISSN 1463-578X, E-ISSN 1470-2002, Vol. 31, nr 1, s. 10-40Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose: The purpose of this paper is to explore the notion of sustainability and research reporting price premiums for LEED-certified buildings. Design/methodology/approach: This paper explores the notion of sustainability and research reporting price premiums for LEED-certified buildings. The durability of certification levels is explored by converting projects developed under the initial NC2-series system to a new vintage rating adopted in 2009. This conversion is made by applying Lagrangian multipliers to model stochastic impacts. Findings: The study reveals that 18 percent of 591 projects developed under the NC2-Series were "misclassified" in terms of certification levels when converted to new NCv2009 standards. To the extent the market has pursued LEED certification levels, the unanticipated changes may have led to the adoption short-term solutions that are inappropriate due to the long-term nature of real estate assets. Research limitations/implications: Given the complexity of the LEED rating system, it is unknown how the market will react to the lack of durability and approach pricing over the long-term. Practical implications: The results indicate market participants should adopt a proactive approach to LEED certification. Originality/value: The study identifies significant dynamics in the LEED certification system for new construction and behavioural responses that have not been reported in the literature.

  • 2. Hoesli, Martin
    et al.
    Lekander, Jon
    Aberdeen Property Investors, Sweden.
    Real estate portfolio strategy and product innovation in Europe2008Ingår i: Journal of Property Investment & Finance, ISSN 1463-578X, E-ISSN 1470-2002, Vol. 26, nr 2, s. 162-176Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose – This paper aims to review major changes on real estate markets in Europe and to analyse the impacts of such changes.Design/methodology/approach – The paper provides an overview of the various equity real estate investment vehicles available to investors, with particular focus on the pros and cons of each type of vehicle. The paper also includes an analysis of the impacts of product innovation on real estate markets and on portfolio strategy.Findings – The changes on real estate markets have led to considerable amounts of capital being allocated to the asset class. Portfolio strategies should be substantially more flexible.Research limitations/implications – As many of the new products have been created in bullish real estate markets, it is important to assess the impacts of a market downturn on portfolio performance.Practical implications – A good understanding of available products with their pros and cons is necessary for a sound investment strategy.Originality/value – The paper is one of the very few papers that discuss the major institutional changes that have occurred on European real estate markets.

  • 3.
    Lekander, Jon R. G. M.
    KTH, Skolan för arkitektur och samhällsbyggnad (ABE), Fastigheter och byggande.
    How do institutional pension managers consider real estate: A perspective from Sweden and Finland2017Ingår i: Journal of Property Investment & Finance, ISSN 1463-578X, E-ISSN 1470-2002, Vol. 35, nr 1, s. 26-43Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose: The asset allocation decision for a pension portfolio needs to consider several, sometimes conflicting, aspects. Most pension managers use models and processes that are developed for the traditional asset classes for analyzing this problem. The purpose of this paper is to investigate how real estate is included in this process, for what purpose and how the real estate portfolio is constructed. Design/methodology/approach: Seven individuals responsible for the asset allocation process were interviewed, and their responses were analyzed with regards to organizational options and their real estate strategy. Findings: It was found that real estate is held for three different purposes, risk diversification, inflation hedging/liability matching and return enhancement and that the allocation has increased over time. The allocation strategy has evolved at least in part in conjuncture with the organizational structure set in place to overcome real estate market frictions. Research limitations/implications: The interviews were geographically limited to pension funds domiciled in Sweden and Finland. Practical implications: It is concluded that the organizational capabilities of the pension fund of handling real estate is an important consideration for the ensuing real estate portfolio. Originality/value: The originality of this paper lies in that it is based on interviews with individuals who are responsible for the asset allocation decision at large pension funds. The findings of the paper identify areas of interest for future research.

  • 4.
    Lekander, Jon R. G. M.
    KTH, Skolan för arkitektur och samhällsbyggnad (ABE), Fastigheter och byggande.
    Real estate portfolio construction for a multi-asset portfolio2015Ingår i: Journal of Property Investment & Finance, ISSN 1463-578X, E-ISSN 1470-2002, Vol. 33, nr 6, s. 548-573Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose – The purpose of this paper is to explore how tenant end demand dependence and investment market segmentation, as estimated through sector type, impacts real estate portfolio strategy in the context of the multi-asset portfolio. Design/methodology/approach – The analysis is performed for six investor domeciles, for domestic and international investments over several cycles. The analysis is performed in a mean variance framework. Findings – The findings are consistent with the hypothesis that an investor benefits from investing in real estate assets where end demand is dependent on local factors rather than global factors. Practical implications – The efficiency of the overall multi-asset portfolio benefits from a deeper understanding of how the real estate portfolio is constructed. Locally dependent real estate, i.e. real estate that is dependent on local economic factors, tends to better support the overall portfolio than do real estate that is dependent upon global factors. Originality/value – The paper contributes to the broader knowledge through extending earlier studies using similar methodology by extending the data series to cover the impact of the latest global financial crises, as well through extending the knowledge how the real estate portfolio should be constructed to better support the overall objectives of the multi-asset portfolio.

  • 5.
    Lind, Hans
    KTH, Skolan för arkitektur och samhällsbyggnad (ABE), Fastigheter och byggande, Bygg- och fastighetsekonomi.
    Value concepts, value information and cycles on the real estate market: A comment on Crosby, French and Oughton (2000)2005Ingår i: Journal of Property Investment & Finance, ISSN 1463-578X, E-ISSN 1470-2002, Vol. 23, nr 2, s. 141-147Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose - The purpose of the paper is discuss value concepts that can be a complement to current market value, and discuss whether information about these value types can reduce the risk of bubbles. Design/methodology/approach - The study is primarily a critical comment on concepts and arguments put forward in a recent article. Findings - The main theses in the article are: that there is no "market view" in a market as there always are entrepreneurs who assess the situation differently, and only the future can show who is right; that the valuer should not pretend to be an expert of the future development of a market, as no one can be an expert about the future; and that if any information can reduce the risk of bubbles it is information about past patterns in the market. More such information might reduce the risk of "irrational exuberance" in a market. Practical implications - The practical implication is that more historical information could be useful in a property valuation. Originaity/value - The value of the paper - for researchers, valuers and valuation clients - is that it questions some concepts often used, and points to a way to make valuation reports more useful.

  • 6.
    Lind, Hans
    et al.
    KTH, Skolan för arkitektur och samhällsbyggnad (ABE), Fastigheter och byggande, Bygg- och fastighetsekonomi.
    Nordlund, Bo
    Karlstads Univ, Karlstad, Sweden..
    The concept of market value in thin markets and its implications for international accounting rules (IFRS)2019Ingår i: Journal of Property Investment & Finance, ISSN 1463-578X, E-ISSN 1470-2002, Vol. 37, nr 3, s. 301-310Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose The purpose of this paper is to discuss how the concepts market value (MV) and exit price should be interpreted in thin markets and how accounting rules may need to change to take this into account. Design/methodology/approach This is a conceptual paper using hypothetical examples as a base for the conclusions. Findings In a thin market, actors can have rather different reservation prices. The price will then be set through bargaining and the agreed price could be considerable above the reservation price of the actor with the second highest reservation price. The exit price should then be below what the MV was before the transaction and below the entry price, and according to the current accounting rules, the value in the balance sheet should then be below the price paid. The authors' experience is, however, that this rarely happens in practice. Originality/value As far as the authors know, this is the first paper that looks at problems in the current value concepts related to differences in reservation prices in thin markets.

  • 7.
    Nordlund, Bo
    KTH, Skolan för arkitektur och samhällsbyggnad (ABE), Fastigheter och byggande, Bygg- och fastighetsekonomi.
    Need for disclosure regarding property valuations in financial reports according to IFRS2010Ingår i: Journal of Property Investment & Finance, ISSN 1463-578X, E-ISSN 1470-2002, Vol. 28, nr 5, s. 333-353Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose: The purpose of the article is to discuss how the demand for disclosure regarding property valuation in financial reports can be fulfilled. Design/methodology/approach: The starting point is the generally established methods for property valuation and the different types of data that they need. From this it is deduced what kind of information that it is necessary to supply. Findings: An important conclusion from the research reported in this paper is that disclosure regarding applied methods, significant assumptions in property valuations and statements about the connections between appraised values and market evidence needs refinement in financial reports, according to International Financial Reporting Standards (IFRS). As the uncertainty in property valuations cannot be removed, it has to be managed. Providing explicit disclosure about valuations is one important way to manage this issue by reducing the gap of information asymmetry between those who perform valuations and those who are users of financial statements. Practical implications: Providing high quality disclosure on these issues would make analysis and the application of individual judgement by users of financial reports far easier. Findings reported in this paper imply that many companies have not so far found the right balance between cost and benefits regarding what amount of disclosure would be appropriate on this issue in financial reports. Originality/value: The detailed discussion about what information that should be disclosed concerning property valuation is an original contribution of the paper.

  • 8.
    Palm, Peter
    Department of Real Estate Science, Urban Studies, Malmö University, Malmö, Sweden.
    The office market: A lemon market? A study of the Malmö CBD office market2015Ingår i: Journal of Property Investment & Finance, ISSN 1463-578X, E-ISSN 1470-2002, Vol. 33, nr 2, s. 140-155Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose – The purpose of this paper is to test whether bad real estate owners drive out good real estate owners from the online marketplace for offices. Design/methodology/approach – This research is based on a statistical analysis of the advertisement of offices in Malmö CBD, collected weekly during a period of one year. Findings – The hypothesis that the market for advertisement of office properties is a lemons market cannot be rejected. The result that owners who have appeared in court more than once in the last two years being more inclined to advertise supports this. Research limitations/implications – The research in this paper is limited to the Malmö CBD office market. Practical implications – It provides an insight in how the online marketplace for offices works as a marketplace and how quality signals influences advertisement. Originality/value – This paper is a direct test of Akerlof’s classical lemon model.

  • 9.
    Wilhelmsson, Mats
    et al.
    KTH, Skolan för arkitektur och samhällsbyggnad (ABE), Centra, Centrum för bank och finans, Cefin.
    Liang, Jian
    Hanhong Private Equity Funds, Nanning, China.
    The Value of Retail Rents with Regression Models: A Case Study of Shanghai2011Ingår i: Journal of Property Investment & Finance, ISSN 1463-578X, E-ISSN 1470-2002, Vol. 29, nr 6, s. 630-643Artikel i tidskrift (Refereegranskat)
    Abstract [en]

    Purpose: The purpose of this paper is to estimate the determinants of the retail space rent in Shanghai. Design/methodology/approach: Hedonic model and spatial regression models are used in the paper. The problem of spatial autocorrelation is tested by Moran's I statistics, and the root mean square error (RMSE) test is performed to find out the best model. Findings: The significant explaining variables are the age, the area of retail space, the distance to the Jing An CBD centre, the type of the retail and the district of the property. A new classification of district in retail research context is suggested in this paper, and it is proved to be better than the districts set up by government to explain the retail rent variation. Originality/value: This paper presents the first empirical study about the retail rental market in Shanghai. The research helps retail property investors and retail tenants deepen their understanding of the retail market in Shanghai. Spatial econometrics techniques are first introduced into the empirical retail rent research to produce a more precise estimation.

1 - 9 av 9
RefereraExporteraLänk till träfflistan
Permanent länk
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annat format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annat språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf