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Property investor b...
Property investor behaviour : qualitative analysis of a very large transaction
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- Öhman, Peter (författare)
- Centre for Research on Economic Relations, Department of Business, Economics and Law, Mid Sweden University, Sundsvall, Sweden
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- Söderberg, Bo, 1955- (författare)
- Institute for Housing and Urban Research, Uppsala University, Gäyle, Sweden
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- Westerdahl, Stig (författare)
- Department of Urban Studies, Malmö University, Malmö, Sweden
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(creator_code:org_t)
- Emerald, 2013
- 2013
- Engelska.
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Ingår i: Journal of Property Investment & Finance. - : Emerald. - 1463-578X .- 1470-2002. ; 31:6, s. 522-544
- Relaterad länk:
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https://urn.kb.se/re...
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visa fler...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- This explorative case study focuses on property investment decision making from a behavioural perspective at the very microlevel. The study contributes to an understanding of how property investors manage the decision-making process, including organizational aspects, property valuation, and financial management. Applying a qualitative approach, the authors analyse a very large transaction that occurred in the Swedish property market in 2008. In an open bid transaction, properties of Vasakronan Corporation were sold for SEK41.1 billion (€4.3 billion). Managers in both the purchasing company and the consortium making the second highest bid were interviewed. The authors were encouraged to speak freely, but also used an interview guide with a number of themes as well as specific questions. The findings reveal the characteristics of two types of property investment decision-making behaviour with respect to how actors organize the work, use external consultants, value the properties, and secure the financing necessary for a final bid. Creditors, analysts, and appraisers may benefit from the insight that property investment decision makers can use different approaches in determining their final bids. The authors use a qualitative empirical approach in analysing an extraordinarily large property transaction from a buyer's point of view and presents detailed information about this transaction as well as general insights into actual behaviour rarely examined in the property investment literature.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Nyckelord
- Behaviour
- Income property
- Investment decision-making
- Investors
- Large transaction
- Qualitative approach
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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