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Journal of Corporate Real Estate
Journal Prestige (SJR): 0.368  Citation Impact (citeScore): 1 Number of Followers: 5  Hybrid journal * Containing 1  Open Access article(s) in this issue *ISSN (Print) 1463-001X - ISSN (Online) 1479-1048 Published by Emerald  [362 journals]
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- Examining the impact of indoor environmental quality on individual
productivity of knowledge workers in green certified buildings-
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Authors: Saul Nurick, Andrew Thatcher
Abstract: This paper aims to investigate green buildings and individual productivity, specifically within the context of indoor environmental quality (IEQ) within green certified office buildings. The purpose of the research was to determine how self-assessed productivity levels were influenced by the indoor environment of the office building. Qualitative data analysis was conducted via semi-structured interviews in two financial services companies (FSCs), both based in green certified office buildings in South Africa. Thematic analysis was conducted to extract common themes from the data. Furthermore, the data were compared to previous research to identify new potential pathways or provide support for existing pathways. The main findings were that physical components, such as temperature, lighting, ventilation and noise, contribute depending on the respondent to individual productivity, engagement, organisational commitment and psychological wellbeing. Safety, underpinned by location and amenities, was a new component not previously considered that subtly contributed to individual productivity. The research provides valuable insight into the contributing factors that impact individual productivity within a green certified office building, as previous researchers have yet to reach a consensus on the relationship between individual productivity and IEQ in green certified office buildings.
Citation: Journal of Corporate Real Estate
PubDate: 2023-09-07
DOI: 10.1108/JCRE-11-2022-0036
Issue No: Vol. ahead-of-print, No. ahead-of-print (2023)
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- Whywe (do not) share data in German real estate – a reasoned action
approach-
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Authors: Niklas Wiesweg
Abstract: German (corporate-) real estate management departments have been facing the challenge of poor data quality for years. This holds them back from generating efficiency potentials via the use of new methods from the field of digitalisation and from coping with the increasing requirements from the ESG context. The purpose of this paper is to explore why German (corporate-) real estate managements (do not) share data with their real estate service providers to address the data quality challenge and identify possible solutions. To answer the research question, the reasoned action approach, an established theory from psychology for predicting human behaviour, is used. The relationships between the constructs are determined using linear regression. The study participants are almost exclusively from Germany. The organisational milieu (perceived behavioural control) has a significant impact on the behaviour of sharing data with real estate service providers. Especially the change of contractual arrangements (data-driven contracts) seems to be crucial for the improvement of information logistics. To the best of the author’s knowledge, for the first time, the reasoned action approach is used within the German real estate industry to predict organisational behaviour in the context of digitalisation.
Citation: Journal of Corporate Real Estate
PubDate: 2023-08-17
DOI: 10.1108/JCRE-06-2023-0021
Issue No: Vol. ahead-of-print, No. ahead-of-print (2023)
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- A multi-disciplinary view on a corporate real estate alignment model
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Authors: Howard Cooke, Rianne Appel-Meulenbroek
Abstract: The purpose of this paper is to examine a recent comprehensive corporate real estate (CRE) alignment model which was derived from previous CRE alignment models. This study proposes several modifications and additions based on business and decision-making literature to increase the framework’s multidisciplinary strength and extend its implementation phase. Literature from various fields is reviewed and “lessons” incorporated into the framework. The business literature review began with corporate strategy theories cited in CRE alignment theory and extended to critiques of those and more recent theories. Likewise, decision-making and implementation both began with material cited in CRE literature and “rippled” out to encompass pertinent material. The model used provides a robust framework, and this study has identified several areas that would appear to improve that model from a theoretical and practical perspective. Areas of further research are identified that appear to offer opportunities to further develop the framework. Historically, there has been a tendency for new CRE alignment models to be created rather than existing ones being developed further. Here, a framework derived from a meta-study of CRE alignment models is reviewed, and improvements are proposed to further develop CRE alignment theory and its application in practice through the addition of viewpoints from the business field and more focus on the implementation phase of the model.
Citation: Journal of Corporate Real Estate
PubDate: 2023-08-01
DOI: 10.1108/JCRE-09-2022-0029
Issue No: Vol. ahead-of-print, No. ahead-of-print (2023)
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- Corporate real estate investment and firm performance: empirical evidence
from listed non financial firms of Pakistan-
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Authors: Arooj Naz, Aamir Inam Bhutta, Muhammad Fayyaz Sheikh, Jahanzaib Sultan
Abstract: This study aims at testing the relationship between corporate real estate (CRE) investment and firm performance of nonfinancial firms in the context of an underdeveloped market, Pakistan. This study uses a sample of 307 nonfinancial firms listed at the Pakistan Stock Exchange from 2010 to 2020. This study adopts a rigorous methodological approach and employs ordinary least square, fixed effect, generalized method of moments system regressions and the propensity score matching technique to account for potential heteroskedasticity, effects of unobserved variables and endogeneity. This study finds that as the investment in CRE increases, the firm’s performance decreases. The findings are robust to alternative proxies of CRE investment and alternative methodologies. Furthermore, the findings hold for financially constrained and financially unconstrained firms, high- and low-growth firms and safe and financially distressed firms. This study extends the evidence about CRE investment in an underdeveloped market and suggests potential avenues for future research. The findings of this study warrant investors, managers and directors be cautious about CRE investment in firms. This study uses a new proxy of CRE investment, which is more inclined toward the asset management and financial perspective of CRE investment. Furthermore, to the best of the authors’ knowledge, this is the first attempt to investigate the role of CRE investment in an underdeveloped market.
Citation: Journal of Corporate Real Estate
PubDate: 2023-05-05
DOI: 10.1108/JCRE-05-2022-0013
Issue No: Vol. ahead-of-print, No. ahead-of-print (2023)
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- Modelling the added value of corporate real estate on organizational
performance-
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Authors: Daniel Amos, Naana Amakie Boakye-Agyeman
Abstract: This study aims to establish the statistical relationships between corporate real estate added value indicators of cost reduction, increasing productivity, risk reduction and flexibility and organizational financial and non-financial performance. The study adopted a mixed methods approach which encompasses initial expert interviews and subsequent questionnaire surveys. Partial least squares structural equation modelling was applied to test the proposed hypotheses of the study. The results highlight the significant influence of three added value indicators on organizational performance while highlighting the need for strategic corporate real estate risk management to enhance performance. The results of the study are useful to identify relevant added value indicators that can improve organizational performance as well as potential added value indicators that deserve attention for performance improvement. Moreover, it presents knowledge on corporate performance indicators which is sparsely explored in corporate real estate management literature. This study makes a novel contribution to corporate real estate management literature by presenting a parsimonious model to alert corporate real estate managers on essential added value parameters towards organizational performance. The model set the theoretical debates to exploit additional added value dimensions and organizational performance.
Citation: Journal of Corporate Real Estate
PubDate: 2023-03-14
DOI: 10.1108/JCRE-12-2022-0040
Issue No: Vol. ahead-of-print, No. ahead-of-print (2023)
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- Balancing privacy and communication in activity-based workspaces: a
longitudinal study-
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Authors: Marc Rücker, Tobias T. Eismann, Martin Meinel, Antonia Söllner, Kai-Ingo Voigt
Abstract: The aim of this study is to investigate whether activity-based workspaces (ABWs) are able to solve the privacy-communication trade-off known from fixed-desk offices. In fixed-desk offices, employees work in private or open-plan offices (or in combi-offices) with fixed workstations, which support either privacy or communication, respectively. However, both dimensions are essential to effective employee performance, which creates the dilemma known as the privacy-communication trade-off. In activity-based workspaces, flexible workstations and the availability of different spaces may solve this dilemma, but clear empirical evidence on the matter is unavailable. To address this knowledge gap, the authors surveyed knowledge workers (N = 363) at a medium-sized German company at three time points (T1–T3) over a one-year period during the company’s move from a fixed-desk combi-office (a combination of private and open-plan offices with fixed workplaces) to an ABW. Using a quantitative survey, the authors evaluated the employees’ perceived privacy and perceived communication in the old (T1) and the new work environments (T2 and T3). The longitudinal study revealed a significant increase in employees’ perceived privacy and perceived communication in the ABW. These increases remained stable in the long term, which implies that ABWs have a lasting positive impact on employees. As the privacy and communication dimensions were previously considered mutually exclusive in a single workplace, the results confirm that ABWs can balance privacy and communication, providing optimal conditions for enhanced employee performance.
Citation: Journal of Corporate Real Estate
PubDate: 2022-12-05
DOI: 10.1108/JCRE-11-2021-0038
Issue No: Vol. ahead-of-print, No. ahead-of-print (2022)
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- New work practices and their drivers in FIREB firms: evidence from Hong
Kong-
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Authors: Olugbenga Timo Oladinrin, Wadu Mesthrige Jayantha, Lekan Damilola Ojo
Abstract: Most global business organisations have begun to explore and embrace new work practices (NWPs) in reorganising their workplace strategies to enhance performance and face intense competition in the global market. This study aims to examine whether or not NWPs are being implemented in office occupying firms in Hong Kong and explore the drivers of the NWPs. A total of 16 NWPs and 20 drivers were identified through the extant literature review and assessed through a questionnaire survey conducted in the finance, insurance, real estate and business (FIREB) service firms. Based on a comprehensive questionnaire survey, a quantitative approach was used to discover the occurrence of the NWPs in those firms and the driving factors. Based on the questionnaires retrieved, descriptive and inferential statistical analysis was conducted. The relationships between the NWPs occurrence and the driving factors were also investigated to draw necessary inferences. The results showed that all of the 16 NWPs identified from the literature are happening in Hong Kong FIREB firms. The results of the analysis also indicated that virtual collaboration positively drive the occurrence of NWPs in FIREB firms. Interestingly, innovation in business was shown as such that does not necessarily necessitate stringent hiring strategy. This research may be of practical value for workplace strategists to make better, more careful forecasts of future workplace trends to ensure resource utilisation and improve space usage patterns and employee productivity. This paper presents comprehensive overview of drivers that designers, developers, investors, facility managers and planners can use to provide sustainable NWPs. The study will enrich the growing body of international literature on implementing NWPs in global business organisations.
Citation: Journal of Corporate Real Estate
PubDate: 2022-12-02
DOI: 10.1108/JCRE-04-2022-0008
Issue No: Vol. ahead-of-print, No. ahead-of-print (2022)
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- Transformation of the office: territorial behaviour and place attachment
in shared desk design
Open Access Article-
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Authors: Luca Frankó, Ajna Erdélyi, Andrea Dúll
Abstract: The purpose of this paper is to present an environmental psychological case study regarding an office design change. The employees of the researched company had the chance to decide whether to stay in the classic open office set-up or to switch to a shared desk supplemented by a one-day-a-week home office possibility. The authors examined the development of participants’ territorial behaviour and place attachment. The given organizational situation is a quasi-experimental design; the variables were examined via questionnaire in a longitudinal model. Quantitative measurement was supplemented with focus group discussions. The degree of personalization (a type of territorial behaviour) decreased significantly not only among those who lost their permanent workstations – as we expected – but also in the entire population. Workplace attachment stagnated for the entire population, but workstation attachment showed a significant decrease among those who switched to the shared desk. The limitations and the advantages are also followed by the nature of a case study: high ecological validity with relatively low sample size. Redesigning an office is never just an economic or interior design issue, but a psychological one. This paper provides practical environmental psychological insights into implementing office designs without permanent individual workstations. This paper presents the environmental psychological background of shared desk design implementation. The authors point out the significance of repressing personalization behaviour and as per the authors’ knowledge, they are the first to introduce the concept of workstation attachment.
Citation: Journal of Corporate Real Estate
PubDate: 2022-11-09
DOI: 10.1108/JCRE-12-2021-0043
Issue No: Vol. ahead-of-print, No. ahead-of-print (2022)
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