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Corporate Real Estate Strategies and Financial Performance of Companies

Author

Listed:
  • Zaiton Ali
  • Stanley McGreal
  • Alastair Adair
  • James R. Webb
  • Stephen E. Roulac

Abstract

This study analyzes the relationship between Corporate Real Estate (CRE) strategy and the financial performance of major companies in the UK for two time periods, 1998 and 2003. The identification of specific CRE strategies is based on the seminal work of Nourse and Roulac (1993). The results indicate that more than 75% of the companies examined had a CRE strategy that could be mapped to the Nourse and Roulac framework and that certain CRE strategies made a contribution in enhancing the financial performance of companies. The relationship was stronger for companies in 2003 than for 1998. This was tested for both share price and profit margin as the dependent variable. This study concludes that CRE strategy can make a limited contribution to company financial performance.

Suggested Citation

  • Zaiton Ali & Stanley McGreal & Alastair Adair & James R. Webb & Stephen E. Roulac, 2008. "Corporate Real Estate Strategies and Financial Performance of Companies," Journal of Property Research, Taylor & Francis Journals, vol. 25(3), pages 241-267, December.
    • Handle: RePEc:taf:jpropr:v:25:y:2008:i:3:p:241-267
    DOI: 10.1080/09599910802696722
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    Cited by:

    1. Kłosowski Sławomir, 2018. "The Concept of the Process Approach in Corporate Real Estate Management," Real Estate Management and Valuation, Sciendo, vol. 26(4), pages 5-11, December.
    2. Nurul Sahida Fauzi & Ashrof Zainuddin & Abdul Hadi Nawawi & Noraini Johari, 2018. "A Pilot Framework of Corporate Real Estate Sustainable Performance Measurement (CRESPM)," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(2), pages 725-739, February.

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