Extending the concepts of service quality, transaction costs, internal institutions, and external institutions to the evaluation of real estate agencies

You, Shu Man; Tseng, Ming Hsun; Lee, Chun Chang

doi:10.1504/ijstm.2014.068860

Cited by 1 publication

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“…Presumably, increases in agency fees may also have impacted the result, as they could have coped with the likely difficulties in negotiations considering the relationships established by previous studies between prices and market volumes (Lee and Lee, 2007; You et al ., 2014).…”

Section: Discussionmentioning

confidence: 99%

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Profitability and financial performance of Italian real estate companies: quantitative profiles

Migliaccio,

De Palma

2023

IJPPM

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PurposeThis study illustrates the economic and financial dynamics of the sector, analysing the evolution of the main ratios of profitability and financial structure of 1,559 Italian real estate companies divided into the three macro-regions: North, Centre and South, in the period 2011–2020. In this way, it is also possible to verify the responsiveness to the 2020 pandemic crisis.Design/methodology/approachThe analysis uses descriptive statistics tools and the ANOVA method of analysis of variance, supplemented by the Tukey–Kramer test, to identify significant differences between the three Italian macro-regions.FindingsThe study shows the increase in profitability after the 2008 crisis, despite its reverberation in the years 2012–2013. The financial structure of companies improved almost everywhere. The pandemic had modest effects on performance.Research limitations/implicationsIn the future, other indices should be considered to gain a more comprehensive view. This is a quantitative study based on financial statements data that neglects other important economic and social factors.Practical implicationsPublic policies could use this study for better interventions to support the sector. In addition, internal management can compare their company's performance with the industry average to identify possible improvements.Social implicationsThe research analyses an economic field that employs a large number of people, especially when considering the construction and real estate services covered by this analysis.Originality/valueThe study contributes to the literature by providing a quantitative analysis of industry dynamics, with comparative information that can be deduced from financial statements over the years.

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Section: Discussionmentioning

confidence: 99%

“…Specific studies have recently been devoted to changes in prices (De Stefani, 2021; Tuyet et al ., 2022) and brokerage costs, which have a significant impact on the dynamism of trading (Lee and Lee, 2007; You et al ., 2014).…”

Section: Literature and Hypothesesmentioning

confidence: 99%

Profitability and financial performance of Italian real estate companies: quantitative profiles

Migliaccio,

De Palma

2023

IJPPM

View full text Add to dashboard Cite

show abstract

Extending the concepts of service quality, transaction costs, internal institutions, and external institutions to the evaluation of real estate agencies

Cited by 1 publication

References 0 publications

Profitability and financial performance of Italian real estate companies: quantitative profiles

Profitability and financial performance of Italian real estate companies: quantitative profiles

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