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Creating corporate value for shareholders in listed companies of real estate sector

Author

Listed:
  • Jaros³aw Kaczmarek

    (Uniwersytet Ekonomiczny w Krakowie, Wydzia³ Zarz¹dzania, Katedra Ekonomiki i Organizacji Przedsiêbiorstw)

Abstract

Creating corporate value for shareholders in listed companies of real estate sectorAssessment in the creation of corporate value for owners is the basic topic of consideration in this article. It focus on the application of external and internal measures – market and economic added value. The objective of the article is to indicate the ways of increasing the field of perception of measures for creating values by introducing the concept of superior size, as well as relativization. The discussion in the theoretical and methodical realm makes use of the connection between measurements applied for creating company added value (both economic and market one) relative to company market value. The formulated concept was utilised in the empiricall reasearch conducted on a group of listed companies from the real estate sector (developers). The findings of medium–term assessment have allowed for a confirmation of the hypothesis concerning the significant correlation between changes in superior market added value and changes in company capitalisation.

Suggested Citation

  • Jaros³aw Kaczmarek, 2014. "Creating corporate value for shareholders in listed companies of real estate sector," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 88, pages 5-12, June.
    • Handle: RePEc:kra:journl:y:2014:i:88:p:5-12
    DOI: 10.14659/worej.2014.88.01
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    More about this item

    Keywords

    creation of value; added value; real estate sector;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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