Resampling Techniques for Real Estate Appraisals: Testing the Bootstrap Approach

Giudice, Vincenzo Del; Salvo, Francesca; Paola, Pierfrancesco De

doi:10.3390/su10093085

Cited by 13 publications

(7 citation statements)

References 40 publications

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“…In particular, from an economic point of view, in the literature, the theme of sustainability in the built environment can be summarized in four macro-themes [17][18][19][20][21]. The first concerns the nature of investments in sustainable real estate development operations.…”

Section: The Development Of Green Buildings In Italy and In The Worldmentioning

confidence: 99%

Does Sustainability Affect Real Estate Market Values? Empirical Evidence from the Office Buildings Market in Milan (Italy)

Mangialardo

Micelli

Saccani³

2018

Sustainability

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The construction industry is the world's largest consumer of energy and producer of greenhouse gases. For this reason, there is a broad debate on how to make the built environment more sustainable. Although the positive externalities of energy-efficient retrofitting and new construction are known, the economic effects that green building has on the real estate sector in Italy are less evident. The aim of this paper is to analyze the Italian real estate market to investigate if, and to what extent, demand appreciates the supply of green real estate assets. The research focused on the analysis of 55 development projects of office buildings (with and without environmental certification) located in Milan, at present the most dynamic and flourishing real estate market in Italy. Through these case studies the authors investigated the premium price that is generated in certified real estate development projects. The results highlight a premium price, especially for high levels of sustainability. Similarly, the rate of absorption of certified assets reflects a preference for green properties, which are absorbed by the real estate market in less than half of the time foreseen for real estate without an environmental certification.

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Section: The Development Of Green Buildings In Italy and In The Worldmentioning

confidence: 99%

Does Sustainability Affect Real Estate Market Values? Empirical Evidence from the Office Buildings Market in Milan (Italy)

Mangialardo

Micelli

Saccani³

2018

Sustainability

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“…In the second stage, the structural model was used to assess the relationship between the exogenous variables (microfinance services) and the endogenous variables (digital finance and ME development) [ 35 ]. In addition, the sobel test and bootstrap approach were used, which is considered as a good tool for evaluating the mediating influence of the construct in challenging circumstances [ 28 ]. SEM is the preferred method for testing causal relationships between constructs with multiple measurement items as well as empirically examining the model of the study.…”

Section: Literature Reviewmentioning

confidence: 99%

Microfinance towards micro-enterprises development in rural Malaysia through digital finance

Jalil¹

2021

Discov Sustain

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Microfinance is critical for the development of micro-enterprises and alleviating poverty. However, micro-enterprises are able to get microfinance services, they would face a variety of obstacles, due to the misunderstandings among many stakeholders, microfinance has not acquired widespread acceptance. Therefore, the purpose of this study is to investigate microfinance's impact on the sustainable development of Malaysia’s rural micro-enterprises. Besides, digital finance is integrated into the conceptual model to further investigate their mediating impact. Data was collected from 563 rural micro-enterprises using structured questionnaires, which were then statistically analyzed using AMOS-21. The findings of the study reveal that microfinance has a positive substantial influence on rural micro-enterprises development. Moreover, digital finance partially mediates the relationship. Thus, the study concludes that microfinance institutions are needed to adopt digital finance to enhance micro enterprises’ productivity through low transaction costs. The findings of the study can be useful to policymakers in the micro-enterprise sector who have a long-term vision and expect the sector to develop steadily. The study also provides scope and space for future academics and scholars to conduct further research.

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“…Bootstrapping [19,20] is a technique that allows the generation of a new list of statistical measurements from a sampling with replacement of a given list [43]. To ease the notation, we first denote by Θ(•) the operator that obtains the MCA eigenvector matrix, that is, the computations described in Equations ( 1) and (2), as follows, V = Θ(X).…”

Section: Bootstrap Resampling For Mca Projected Categoriesmentioning

confidence: 99%

A Big Data Approach to Customer Relationship Management Strategy in Hospitality Using Multiple Correspondence Domain Description

et al. 2020

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COVID-19 has hit the hotel sector in a hitherto unknown way. This situation is producing a fundamental change in client behavior that makes crucial an adequate knowledge of their profile to overcome an uncertain environment. Customer Relationship Management (CRM) can provide key strategies in hospitality industry by generating a great amount of valuable information about clients, whereas Big Data tools are providing with unprecedented facilities to conduct massive analysis and to focus the client-to-business relationship. However, few instruments have been proposed to handle categorical features, which are the most usual in CRMs, aiming to adapt the statistical robustness with the best interpretability for the managers. Therefore, our aim was to identify the profiles of clients from an international hotel chain using the overall data in its CRM system. An analysis method was created involving three elements: First, Multiple Correspondence Analysis provides us with a statistical description of the interactions among categories and features. Second, bootstrap resampling techniques give us information about the statistical variability of the feature maps. Third, kernel methods provide easy-to-visualize domain descriptions based on confidence areas in the maps. The proposed methodology can provide an operative and statistically principled way to scrutinize the CRM profiles in hospitality.

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Resampling Techniques for Real Estate Appraisals: Testing the Bootstrap Approach

Cited by 13 publications

References 40 publications

Does Sustainability Affect Real Estate Market Values? Empirical Evidence from the Office Buildings Market in Milan (Italy)

Does Sustainability Affect Real Estate Market Values? Empirical Evidence from the Office Buildings Market in Milan (Italy)

Microfinance towards micro-enterprises development in rural Malaysia through digital finance

A Big Data Approach to Customer Relationship Management Strategy in Hospitality Using Multiple Correspondence Domain Description

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