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Factors Influencing Large Real Estate Companies’ Competitiveness: A Sustainable Development Perspective

Author

Listed:
  • Bo Li

    (Chakrabongse Bhuvanarth International Institute for Interdisciplinary Studies, Rajamangala University of Technology Tawan-Ok, Bangkok 10400, Thailand)

  • Rita Yi Man Li

    (Sustainable Real Estate Research Center, Hong Kong Shue Yan University, Hong Kong, China)

  • Thitinant Wareewanich

    (Chakrabongse Bhuvanarth International Institute for Interdisciplinary Studies, Rajamangala University of Technology Tawan-Ok, Bangkok 10400, Thailand)

Abstract

Strict policy control and real estate market downturn affects large-scale real estate enterprises performance. We surveyed large Chinese real estate enterprises and the internal factors that affect their competitiveness. Verified by the hierarchical regression and structural equation modelling approach, the results mainly show that profitability, capital ability, management and operation ability, human resource ability, brand name, and innovation ability play positive roles in the competitiveness of large real estate enterprises. Management and operation ability plays an intermediary role between human resources and the improvement of competitiveness. Real estate enterprises’ capital sources play an intermediary role between brand names and the improvement of competitiveness. Moreover, landbank area and quality and sales are three major factors that impact the competitiveness improvement of real estate enterprises, while the ability for marketing innovation and the payment collection of enterprises has a relatively small impact. All in all, this paper provides practical implications concerning factors that affect the competitiveness of large real estate enterprises. The findings are helpful to improve the sustainable development of real estate enterprises in the future. As research on factors that affect large-scale real estate enterprises is scarce, this study aims to fill this gap.

Suggested Citation

  • Bo Li & Rita Yi Man Li & Thitinant Wareewanich, 2021. "Factors Influencing Large Real Estate Companies’ Competitiveness: A Sustainable Development Perspective," Land, MDPI, vol. 10(11), pages 1-20, November.
    • Handle: RePEc:gam:jlands:v:10:y:2021:i:11:p:1239-:d:677806
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    References listed on IDEAS

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    4. Feng Yuan & Weiye Xiao & Yehua Dennis Wei, 2023. "Heterogeneous mechanisms of urban land price in China: a perspective of natural restrictions and strategic supply," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
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    6. Chun-Chang Lee & Yu-Ru Zheng & Wen-Chih Yeh & Zheng Yu, 2023. "The influence of communication climate, organizational identification, and burnout on real estate agents’ turnover intention," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    7. Tanveer Ahmed & Sarkar Kabir & Aqsa Aziz & Yahaya Alhassan, 2023. "Islamic Home Finance in the UK: A Partial Least Square Structural Equation Modelling Approach," Sustainability, MDPI, vol. 15(5), pages 1-24, February.
    8. Yushan Wu & Rita Yi Man Li & Sher Akbar & Qinghua Fu & Sarminah Samad & Ubaldo Comite, 2022. "The Effectiveness of Humble Leadership to Mitigate Employee Burnout in the Healthcare Sector: A Structural Equation Model Approach," Sustainability, MDPI, vol. 14(21), pages 1-20, October.
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    10. Ronald R. Kumar & Peter J. Stauvermann, 2022. "Imperfect Competition, Real Estate Prices and New Stylized Facts," JRFM, MDPI, vol. 15(3), pages 1-17, February.

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