Does corporate real estate create wealth for shareholders (Record no. 118151)

MARC details
000 -LEADER
fixed length control field 01641cam a2200265 4500
001 - CONTROL NUMBER
control field ABS68308
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fixed length control field 041013n2004 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u127689
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Ooi, T.
245 ## - TITLE STATEMENT
Title Does corporate real estate create wealth for shareholders
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2004
490 ## - SERIES STATEMENT
Series statement Journal of Property Investment and Finance
Volume/sequential designation 22(5) 2004, 386-400(15)
520 ## - SUMMARY, ETC.
Summary, etc. Examines the influence of Corporate Real Estate (CRE) on shareholder value using two value-based measures: Economic Value Added (EVA) and Market Value Added (MVA). Finds that CRE has impacted negatively on non-real estate firms' EVA and MVA in the period 1997-2001. This happens for the non-real estate corporations from different industries. Further, the higher the real estate asset intensity, the greater the negative impact on the firms' EVA and MVA. The results have important implications for the traditional notion that there is a competitive advantage to owning CRE by diversified conglomerates. Specifically, more studies are needed to explore and compare the main reasons and motivations as to why Asian non-real estate firms are still more involved with real estate activities than their counterparts in Europe and USA even though ownership of CRE appears to destroy shareholders' wealth. References. [Taken from journal abstract].
590 ## - LOCAL NOTE (RLIN)
Local note ABS
590 ## - LOCAL NOTE (RLIN)
Local note ABS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element CORPORATE REAL ESTATE
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element VALUE-ADDED
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element ASSET MANAGEMENT
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element BUSINESS MANAGEMENT
9 (RLIN) 6226
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element SHAREHOLDERS
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Topical term or geographic name entry element ASIA
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element COMMERCIAL PROPERTY
9 (RLIN) 6227
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Liow, K.
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 13/10/2004   ABS68308 127689-1001 06/08/2019 1 06/08/2019 Journal article