The preliminary phase of complex transformation plans is a very crucial moment, during which several competences have to analyze uncertainties and risks associated with the project and to define important strategic managements as well as concrete solutions. During this phase many and different...

Local governments manage various investment projects which determine development potential and capabilities of both cities and enterprises. Managing in the twenty-first century is a great challenge for managers because of changing operating conditions, changing market economy as a whole, and...

The paper is to understand the institutional mechanism of property market in China. The institutional changes initiated after Chinaís economic reform since 1978 have brought about a new mechanism for property development. The built environment evolves logically through the property development...

There is a recognised misalignment by industry stakeholders that the financial benefits of sustainable property investment are inherently difficult to quantify (RICS, 2008). The lack of key financial correlations between sustainability and economic returns with regards to property investment has...

ERES:conference

"There is now considerable research devoted to testing the dividend pricing model as a predictor of the actual prices of shares traded in financial markets. A general finding is that present value models are not good predictors of asset prices. This lack of fit is interpreted as excess...

Purpose: It is now generally accepted that sustainable features add value to a property. Therefore organisations such as the RICS are encouraging its members to reflect this in valuations. Valuers also have to be responsive to the growing trends by organisations in embracing socially responsible...

In the era of ecology awareness sustainable development plays a key role. The idea of this movement touches every aspect of our lives, real estate is not different. It is said that in EU buildings are responsible for 40% of total energy consumption. It means that making our buildings more energy...

The impact of macroeconomics variables on housing market is largely analysed in the literature. The usual way where changes on economic variables are transmitted to housing market is through demand factors, affecting to, for instance, the level of household waged-income or to house building...

In this paper, I develop a knowledge-based view on the organization of knowledge transfer in clusters, by exploring the Green Building Cluster of Lower Austria. Starting with the information richness theory, I argue that tacitness of the partnersí knowledge determines the information richness...