Purpose – Property defects and building safety have been major concerns for many years in Hong Kong. The local government intends to launch a Mandatory Building Inspection Scheme (MBIS) for owners of aged buildings; and instigate necessary defect rectification to enhance building and public...

The economic growth of China has been driven by the development of its real estate market, especially after the 2008 crisis. This growth is mostly related to the huge housing bubble and growing amounts of sovereign debt that have been redirected to corporations in the sector. Evergrande is one...

Purpose – The purpose of this study is to test whether real estate investment trusts (REITs) are able to reap positive economies of scale with an enlarged asset base, which are translated into lower operating expenses, higher revenue, and better accessibility to capital at competitive costs....

Purpose – The purpose of this paper is to explore the drivers of change in product evolution and to examine the relationship between company performance and active management of the driving forces behind product changes. Design/methodology/approach – An exploratory and qualitative research...

It is well known that the traditional net present value (NPV) approach fails to take account of the multiple effects arising from the interactions of the operating and strategic flexibility during the course of a project. Option pricing theory (OPT) has been successfully applied in the valuation...