Urban Property Development in Malaysia: The Impact of Chinese and Malay Conceptions of Space

2013 ◽  
pp. 381-395 ◽  
Author(s):  
Hans-Dieter Evers
Keyword(s):  
Property Development ◽  
The Impact

scholarly journals The influence of cronyism on entrepreneurial resource acquisition

2021 ◽  
Author(s):  
Junfan Yu ◽  
Saskia De Klerk ◽  
Michael Hess
Keyword(s):  
Community Involvement ◽  
Private Property ◽  
Resource Acquisition ◽  
Property Development ◽  
Network Utilization ◽  
Start Up ◽  
Entrepreneurial Strategies ◽  
Staged Model ◽  
The Impact

AbstractThis research focuses on how entrepreneurs utilize cronyism to acquire resources. A case study method allowed us to explore three firms in the private property development industry in China. These firms uniquely cultivated cronyism and achieved distinctly different outcomes. Our findings highlight Chinese entrepreneurs in start-up ventures and later-stage enterprises employ cronyism. The underlying rationale for using cronyism have common and heterogeneous motivations. The similarity and distinguishing rationale also apply to the impact of cronyism. We also find two contingency working mechanisms for cronyism: entrepreneurial characteristics and a staged model for cronyism. With the firm’s growth, cronyism remains important, but firms with more community involvement outperform others. This research contributes to the theory on strategic network utilization for resource acquisition during entrepreneurial development stages. We investigate how entrepreneurial strategies can assist in adapting to the “rules of the game” while utilizing resources within the set contextual constraints.

scholarly journals Analysis on joint operation non administrative accounting models of property development firms and the impact on taxation

2020 ◽  
Vol 5 (01) ◽  
pp. 45
Author(s):  
Indar Khaerunnisa ◽  
Amrullah .
Keyword(s):  
Secondary Data ◽  
Profit Sharing ◽  
Primary Data ◽  
Joint Operation ◽  
Property Development ◽  
Financial Report ◽  
Study Approach ◽  
Joint Operations ◽  
Accounting Model ◽  
The Impact

This study aims to determine the accounting model in conducting joint operations (JO) by implementing non-administrative which consists of fix profit and percentage. Each fixed profit has three methods consisting of full revenue, profit sharing and PMK 261. The research used a descriptive qualitative method, with a case study approach. The study used primary data obtained from direct interviews with directly related parties conducting joint operations (JO or KSO). Meanwhile, the secondary data were obtained from the mutual agreement document and the financial report of the party conducting the joint operation (KSO). From the research results, it is obvious that the most recommended form of accounting is all forms according to PMK 261, both the fixed profit and percentage models. Keywords: Administrative Joint Operation, Non Administrative, Fixed Profit

scholarly journals The Impact of Risk and Inflation on Residential Property Development Decision

2015 ◽  
Vol 53 ◽  
pp. 117-121
Author(s):  
Udoka Israel Sunday
Keyword(s):  
Secondary Data ◽  
Favourable Outcome ◽  
Residential Property ◽  
Property Development ◽  
Secondary Data Source ◽  
Data Source ◽  
Investment Portfolios ◽  
The Impact

Residential property development decision most times come as a bit to quelling housing poverty, but at the same time a veritable source of income as well as a better bulwark against inflation and other risk than any other asset in isolation. However, this paper is written to assess the impact of risk and inflation on residential property development decision as the aim. Secondary data source was adopted as methodology for the research; while the result was that residential property development/investment provides significant favourable outcome than other property investments or businesses during inflationary/risky periods. It was therefore recommended that residential property investment/development should be involved in most investment portfolios at most times to mitigate risk of whatever type.

Digitization in construction

BUILDER ◽  
2019 ◽  
Vol 266 (9) ◽  
pp. 15-17
Author(s):  
Anna Tryfon-Bojarska ◽  
Ewelina Wińska
Keyword(s):  
Life Cycle ◽  
Project Management ◽  
Case Studies ◽  
Construction Industry ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Property Development ◽  
Innovative Project ◽  
Fourth Industrial Revolution ◽  
The Impact

The fourth industrial revolution leads to a comprehensive digital transformation of enterprises. Its nine pillars also affect the construction industry. This article presents the impact of digital transformation on innovative projects which are implemented in the construction industry. It describes examples of digital innovations that are used in the life cycle of a property development undertaking, as well as examples and case studies of applied innovative project management models.

scholarly journals Urban Policy and Property Development: The Institutional Relations of Real-Estate Development in an Old Industrial Region

1994 ◽  
Vol 26 (2) ◽  
pp. 177-198 ◽  
Author(s):  
P Healey
Keyword(s):  
Public Policy ◽  
Urban Policy ◽  
Local Property ◽  
Local Economy ◽  
Urban Region ◽  
Property Development ◽  
Private Sector Development ◽  
North East ◽  
Development Capacity ◽  
The Impact

The impact of public policy on the opportunities available for property development in an urban region and the effect of such policy on the institutional organisation of the property-development sector are examined. Also explored are the problems of generating autonomous private-sector development capacity in a fragile local economy (Tyne and Wear in North East England) experiencing decline in its traditional industrial base, within which active property markets may only exist with respect to certain types of properties and locations. The tension between a financial orientation and a production orientation towards property development is highlighted. During the 1980s, planning and urban policy in Britain promoted the former orientation, but the needs and opportunities of the local economy emphasised the latter. The importance of understanding the specificities of local property-development organisation and relations for the design and evaluation of public policy directed at the property sector is stressed.

ENVIRONMENT FACTORS OF ENERGY COMPANIES AND THEIR EFFECT ON VALUE: ANALYSIS MODEL AND APPLIED METHOD

2009 ◽  
Vol 15 (3) ◽  
pp. 490-521 ◽  
Author(s):  
Juratė Šliogerienė ◽  
Artūras Kaklauskas ◽  
Edmundas Kazimieras Zavadskas ◽  
Juozas Bivainis ◽  
Mark Seniut
Keyword(s):  
Financial Indicators ◽  
Analysis Model ◽  
Property Development ◽  
Value Analysis ◽  
Factors Affecting ◽  
Environment Factors ◽  
Development Costs ◽  
Energy Companies ◽  
The Impact ◽  
Practical Task

Practical tasks related to property management and disposal in energy companies can be solved only if the actual property value of these companies is known. Traditional practical property valuation methods are based on the analysis of incurred property development costs or financial indicators of activities and are inadequate to account for the influence of environment factors on corporate activities and, in turn, on the value of companies. An analysis model for environment factors affecting energy companies was developed to improve objectiveness of valuation; through analysis of the model's components it is possible to analyse external macro, meso and microenviron‐ment of a particular company and to assess efficiency of such environment, as well as the impact of separate factors on value. A criteria system developed using the Analysis Model for Environment Factors and the Decision Support System for Measurement of Effect of Environment Factors on Value of Energy Companies, which was developed by the authors, were used to solve a practical task, which helped to evaluate the effectiveness of the Model of Environment Factors. The practical task included measurement of the utility degree and market value of the selected electricity companies and assessment of the impact of the criteria, which affect the environment, on the value of the selected energy companies. Santrauka Energetikos įmonių turto valdymo, disponavimo turtu praktiniams uždaviniams spręsti reikalinga tikroji šių įmonių turto vertė. Tradiciniai praktikoje taikomi turto vertinimo metodai pagrįsti turto sukūrimo sąnaudų ar veiklos finansinių rodiklių analize, jie neįvertina daugelio vertę veikiančių aplinkos veiksnių įtakos. Siekiant padidinti vertės nustatymo objektyvumą, pasiūlytas taikyti energetikos įmonių aplinkos veiksnių tyrimo modelis, kurio elementų analizė leidžia įvairiais aspektais pažvelgti į šių įmonių turto vertę ir įvertinti vertės kitimo priežastis. Sukurtas modelis leidžia analizuoti įmonės aplinką, vertinti jos efektyvumą, aplinką ir suinteresuotas grupes veikiančią išorinę makro-, mezo- ir mikroaplinką kaip visumą. Naudojantis rodiklių, apibūdinančių analizuojamo sektoriaus aplinką, sistema, pasiūlyta infrastruktūros įmonėms vertinti, taikyti daugiakriterine analize paremtus metodus. Siekiant nustatyti aplinkos veiksnių tyrimo modelio veiksmingumą, išspręstas praktinis uždavinys – taikant modelį ir remiantis daugiakriterinės analizės metodais nustatytas pasirinktų elektros energetikos įmonių naudingumo laipsnis ir rinkos vertė.

Financial performance and operating strategies of Malaysian property development companies during the global financial crisis

2017 ◽  
Vol 22 (2) ◽  
pp. 174-191 ◽  
Author(s):  
Toong Khuan Chan ◽  
Abdul-Rashid Abdul-Aziz
Keyword(s):  
Financial Crisis ◽  
Financial Performance ◽  
Global Financial Crisis ◽  
Financial Statements ◽  
Growth Strategies ◽  
Property Development ◽  
Operational Strategies ◽  
Content Type ◽  
Operating Strategies ◽  
The Impact

Purpose The purpose of this paper is to characterise the financial performance and to identify the operating strategies of property development companies in Malaysia during the 2008 global financial crisis (GFC). Design/methodology/approach The research approach includes a comprehensive analysis of the financial statements and annual reports of 35 property development companies listed on the Kuala Lumpur stock exchange. The financial statements were analysed to evaluate the financial performance of these companies and to assess the severity of the impact of the GFC on revenues and profits. The operating strategies were determined from a content analysis of the statement to shareholders. Findings An aggregated analysis of the financial performance indicates a 23 per cent decline in net profit in 2008. Classifying these companies into two separate sets of distressed and non-distressed companies showed that poor financial performance and a high debt-to-equity ratio pre-GFC led to continuing poor performance during the GFC period and beyond. Survival strategies adopted by distressed companies include the disposal of assets to improve cash flow, refinancing loans, delaying the launch of new projects and reducing their workforce. Non-distressed companies adopted growth strategies such as purchasing land for development, focusing their offerings towards high-end products, vertically integrating and diversification. Practical implications The increased understanding of the financial performance and operational strategies will allow managers of property development companies to improve financial management and adopt appropriate strategies in response to the impact of future financial distress. Originality/value The study presented in this paper is the first to analyse the financial performance of Malaysian public-listed property development companies during the period of the 2008 GFC and to link their financial performance to operational strategies.

scholarly journals Condition, Regional Disparity And Strategic Priorities Of Providing Technological Competitiveness Of Ukraine's Economy

2020 ◽  
Vol 24 (1) ◽  
pp. 39-43
Author(s):  
Svitlana Lykholat ◽  
Volodymyr Zaichenko ◽  
Nataliya Rozhko Nataliya Rozhko
Keyword(s):  
Technological Development ◽  
Innovative Activity ◽  
General Level ◽  
Technological Innovations ◽  
Property Development ◽  
Migration Activity ◽  
Proper Role ◽  
Innovative Products ◽  
The Impact ◽  
Technological Competitiveness

The proper role and high importance of regional peculiarity of innovation and technological activity in the context of ensuring technological competitiveness of the economy depends on its identification and understanding of the critical differentiation of the regions of Ukraine by the number of innovatively active enterprises, production volumes, share of realized innovative products, as well as the positioning the regions of Ukraine by the share of enterprises with technological innovations, the rate of its growth and the share of realized innovative products in the total volume of industrial products sold. It is shown that the modern policy of ensuring technological competitiveness of the Ukrainian economy is formed in the context of contemporary challenges of global competition, fundamental features, which are the impact of global crises, financial and economic instability; increase of external expansion due to processes of globalization, development of information economy; pressure on the country's debt; increase in import dependency; high external labour migration activity; destabilization of economic development through military conflict and hybrid attacks; critical disparities in regional development. The strategic priorities of the state policy of ensuring technological competitiveness of the Ukrainian economy have been determined: intensification of technological development of the economy, growth of the general level of innovative activity, formation of a competitive market of intellectual property, development of infrastructure for support of technological innovations, improvement of resource provision of innovative activity, improvement of business parameters of competition.

Sign in / Sign up

Export Citation Format

Share Document