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Corporate real estate management and companies’ success: empirical evidence for a conceptual framework
Journal of Corporate Real Estate Pub Date : 2021-04-07 , DOI: 10.1108/jcre-12-2019-0051
Andreas Pfnuer , Julian Seger , Rianne Appel-Meulenbroek

Purpose

The purpose of this study is to explain the contribution of Corporate Real Estate Management (CREM) to corporate success and to substantiate it empirically. However, no empirically tested holistic concept classifies and explains the different success contributions of CREM in their mechanisms of action and organisational levels.

Design/methodology/approach

This study develops a holistic two-dimensional model from existing literature to explain the relationship between CREM decisions and business success, and then tests it empirically using multidimensional data scaling from a telephone company survey (CATI) of 59 CREM managers sampled from the 200 largest German companies.

Findings

The created theoretical model holistically explains CREM success and existence as part of a non-property company, with specific performance drivers on specific organisational levels. The empirical data confirm that both dimensions of the model and, thus the measurement concept for modelling the CREM contribution to business success is robust across sectors and company/portfolio size in Germany.

Originality/value

The empirical confirmation of the conceptual model of CREM success provides novel support for the institutionalisation of the CREM function in companies and the holistic classification of different CREM research directions.



中文翻译:

企业房地产管理和公司的成功:概念框架的经验证据

目的

本研究的目的是解释企业房地产管理 (CREM) 对企业成功的贡献,并从经验上证实它。然而,没有经过实证检验的整体概念对 CREM 在其行动机制和组织层面的不同成功贡献进行分类和解释。

设计/方法/方法

本研究从现有文献中开发了一个整体二维模型来解释 CREM 决策与业务成功之间的关系,然后使用来自电话公司调查 (CATI) 的多维数据缩放进行实证测试,该调查来自 200公司。

发现

创建的理论模型从整体上解释了作为非财产公司一部分的 CREM 的成功和存在,在特定组织级别具有特定的绩效驱动因素。实证数据证实,该模型的两个维度以及用于建模 CREM 对业务成功贡献的衡量概念在德国的各个部门和公司/投资组合规模中都是稳健的。

原创性/价值

CREM 成功概念模型​​的实证验证为公司 CREM 功能的制度化和不同 CREM 研究方向的整体分类提供了新的支持。

更新日期:2021-04-07
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