Sustainability issues in the valuation process of project developments

Fröch, Georg

doi:10.1016/j.enbuild.2014.12.017

Cited by 8 publications

(6 citation statements)

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“…In developed countries, studies about GB value mainly focused on its price. For example, Georg Fröch pointed out that a sustainable project's value is the combination of the market value and the sustainable features [32]. Aizenman and Jinjarak stated that green building's value is associated with economic benefits [33].…”

Section: Green Residential Building Valuementioning

confidence: 99%

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Proposing a Value Field Model for Predicting Homebuyers’ Purchasing Behavior of Green Residential Buildings: A Case Study in China

Yuan

2019

Sustainability

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Understanding the motivations that stimulate homebuyers’ green purchasing behavior can increase market demand for green products, especially considering the comparably low market share of green products worldwide. In this context, various studies have been conducted examining consumers’ intentions to pay for green products. Nevertheless, there is still limited research on evaluating homebuyers’ purchasing behavior toward green residential buildings. This study argues that the value of green residential buildings (GRBs) affects their adoption, and thus exerts an invisible force on homebuyers’ purchasing behavior. It also finds that field theory provides a scientific perspective on this phenomenon. Thus, this paper proposes a value field model for evaluating homebuyers’ GRB purchasing behavior based on physical field theory and psychology field theory. In particular, physical field theory provides the measurement formula, while psychological field theory explains the effect of the force stimulating homebuyers’ purchasing intention, and ultimately influencing their purchasing behavior. The initial model consisted of a field source (green perceived value), target charge (GRB demand), distance (psychological distance), and value field factor. As the value field factor was calculated to be approximately equal to 1, the final model is a composite of a field source (green perceived value), target charge (GRB demand), and distance (psychological distance). The results validate the construction of the value field model on the basis of field theory. This research contributes to the body of knowledge by analyzing GRB value and provides a clearer understanding of how GRBs and the environment combine to fulfill homebuyers’ requirements and influence their GRB purchasing behavior.

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Section: Green Residential Building Valuementioning

confidence: 99%

“…The results of the survey were found to verify the accuracy of the data. According to the statement that value can be meaningful only when it is defined from the consumers' perspective [32], these survey participants were the best positioned to assess GRB value.…”

Section: Data Collectionmentioning

confidence: 99%

Proposing a Value Field Model for Predicting Homebuyers’ Purchasing Behavior of Green Residential Buildings: A Case Study in China

Yuan

2019

Sustainability

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“…Environmental sustainability is the center of attention for projects and products by many organizations nowadays [58,61,62]. It has been examined more by public-sector organizations in recent years [63].…”

Section: Environmental Sustainabilitymentioning

confidence: 99%

Unravelling the Fuzzy Effect of Economic, Social and Environmental Sustainability on the Corporate Reputation of Public-Sector Organizations: A Case Study of Pakistan

Irfan

Hassan

2018

Sustainability

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The purpose of this study is to present and to validate a research model that includes economic sustainability, social sustainability, environmental sustainability and corporate reputation in the context of public-sector organizations in Pakistan. The methodological approach is survey-based, using partial least squares structural equation modelling (PLS-SEM) to assess the research model. The proposed hypotheses were tested based on a sample of 425 respondents from public-sector organizations in Pakistan. The findings of the study indicate that there is a positive relationship between economic sustainability, social sustainability, environmental sustainability and corporate reputation. Therefore, it is inferred from the results that different aspects of sustainability can create and enhance the reputation of public-sector organizations.

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“…[1, 3-5, 7, 10, 19]. A lot of scientists study actual aspects of real estate development projects effectiveness estimation [9,13,14,[16][17][18]21]. Making investment decisions in the real estate sphere is closely connected to analysis of real estate market and level of economic development.…”

Section: Introductionmentioning

confidence: 99%

“…That is why evaluating the real estate development project efficiency factors to consider should include available land plot and type of real estate to be constructed. As far as real estate development project is a development project, it is important for the investor to evaluate real estate object level of development in qualitative and quantitative creating a managing company for running constructed real estate object forecasting possible position of other parties concerned(financial) aspects[13,14,21]. Thus we suggest evaluating a real estate development project according to the scheme given infig.…”

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confidence: 99%

Organizational Aspects of Development Projects Implementation at the Real Estate Market in Ukraine

Svystun¹,

Глушко²,

Shtepenko³

2018

IJET

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The article is dedicated to the issues of improving a system of organizational providing of investment constructional activity at the real estate market of Ukraine. The authors suggest modern approaches to organizing different stages of investment and construction process. In particular, legal bases for organizing real estate development project concept design stage are analyzed and the ways of permissible procedures simplifying in construction are defined. Suggestions concerning choice of approaches to evaluating real estate projects development effectiveness of realization are made, where an important place belongs to development land improvement estimation. Real estate development project estimation methodology for various real estate types considering special aspects of conducting marketing research is offered. The article conclusion contains means recommended for implementing by real estate development organizations while designing their strategy of development.

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Sustainability issues in the valuation process of project developments

Cited by 8 publications

References 1 publication

Proposing a Value Field Model for Predicting Homebuyers’ Purchasing Behavior of Green Residential Buildings: A Case Study in China

Proposing a Value Field Model for Predicting Homebuyers’ Purchasing Behavior of Green Residential Buildings: A Case Study in China

Unravelling the Fuzzy Effect of Economic, Social and Environmental Sustainability on the Corporate Reputation of Public-Sector Organizations: A Case Study of Pakistan

Organizational Aspects of Development Projects Implementation at the Real Estate Market in Ukraine

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