Dilemmas in Value Based Management in Real Estate Development Companies

Michał J. Kowalski and Janusz Nesterak

World of Real Estate Journal (Swiat Nieruchomosci), 2015, issue 93, 49-54

Abstract: The aim of this article is to analyse some aspects of Value Based Management in real estate development companies. The subject of this analysis will be the impact of the applied rules for income and expenses on the measurement of values. This analysis was carried out in order to make sure that these measurement methods would be consistent with the creation of values. This will ensure that measurement results can be used in management systems. The authors developed correction templates that can help to measure values using the residual income. This article discusses the simulation of measurement values and the proposed approach of the SPV (Special Purpose Vehicle/Entity) which carry out real-estate development projects.

Keywords: Value Based Management; value based controlling; real estate sector (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:kra:journl:y:2015:i:93:p:49-54

DOI: 10.14659/worej.2015.93.07

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