Impact of Strategical Sustainability on Real Estate Industry’s Sustainability Performance

Sanchaniya Rashmi Jaymin () and Geipele Ineta ()
Additional contact information
Sanchaniya Rashmi Jaymin: Department of Civil Construction and Real Estate Economics and Management, Riga Technical University, Riga, LATVIA
Geipele Ineta: Department of Civil Construction and Real Estate Economics and Management, Riga Technical University, Riga, LATVIA

Foundations of Management, 2024, vol. 16, issue 1, 59-66

Abstract: The primary aim of this research is to investigate the relationship between strategic sustainability and firm success within the real estate sector. Specifically, it aims to assess how strategic sustainability factors, notably business strategy and management, influence sustainability performance. By exploring this uncharted territory, the study seeks to provide insights into the role of strategic sustainability in enhancing an intangible value in terms of sustainability performance. Through quantitative data gathered from the Latvian real estate industry, the research study demonstrates that greater emphasis on business strategy efforts and activities is positively associated with improved sustainability performance. Moreover, it establishes a correlation between enhanced management practices and higher sustainability performance. Ultimately, this research contributes to our understanding of how strategic sustainability can drive the long-term sustainability and success of real estate businesses, benefitting regions, nations, and the global community.

Keywords: strategic sustainability; construction management; real estate industry; business strategy (search for similar items in EconPapers)
JEL-codes: C39 L1 L21 M0 M21 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/fman-2024-0004 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:founma:v:16:y:2024:i:1:p:59-66:n:4

DOI: 10.2478/fman-2024-0004

Access Statistics for this article

Foundations of Management is currently edited by Tadeusz Krupa

More articles in Foundations of Management from Sciendo
Bibliographic data for series maintained by Peter Golla ().