The increasing complexity und dynamics of the environment of companies have led to a higher demand on the managerial ability of senior management. To support senior management, a function and also institution called íControllingî has been introduced in German companies. íControllingî, a...

Screening equilibria, mainly those a la Rothchild-Stiglitz(1976), have been widely used to explain various aspects of mortgage contracting. In the real world, however, most mortghage contracting processes involve both signalling and screening. In this paper, we combine signalling and screening...

This work is aimed at explaining the closed-end fund puzzle using the írationalî or funda-mental approach on a sample of tax-privileged real estate companies. NAV discounts in UK REITs and French SIICs over a five-year period is analyzed in order to find its drivers also us-ing a new...

In most developed countries, no current complete inventory of the size of the commercial real estate (in terms of sq ft or value) market exists. While the investment is real estate is large, it is not a category tracked by most governments, except possibly in terms of íflowî through building...

The application of factorial design on product quality management is becoming increasingly more popular [1, 2, 3]. The essence of the numerical technique lies with its efficiency on determining both the influence of the main effects and their combined effects on optimising the desired qualities...

With significant declines in home prices since 2007, many U.S. households have found the balance of their mortgage exceeding the value of their property. These underwater homes leave owners with the dilemma of continuing to pay on their note or relinquishing their property either through...

The use of virtual learning environments (vle) to enhance autonomous learning by students is being introduced into a number of real estate courses throughout Europe. At the same time the built environment professions are moving towards a more multi-disciplinary and international approach in...

"By reviewing the previous three asset bubble implosions, viz. (1) the íLost Decadeî of Japan in the 1980s; (2) the Asian Financial Crisis in Hong Kong in 1997; and (3) the Financial Tsunami in the USA in 2008, a common symptom of negative real interest rate is very clearly revealed before the...

The property market and, more specifically, the market of the buildings for service activities typically rates as íA-Class buildingsî those facilities that meet high quality standards. This definition drawn from financial rating models, is not always sided by a precise, objective and...

In this paper we would like to investigate which are the most relevant categories of stakeholders for the real estate business. In order to do so we initially define the cultural/managerial aspects of firms specialised in real estate. I.e. identify the nature of íproject-based firmsî as...