Stimulative Work Valuation Among Real Estate Practitioners in Asia
Journal of Contemporary Issues in Business and Government,
2021, Volume 27, Issue 3, Pages 867-874
AbstractReal estate or property production has been recognized as one of Asia's key industries. Based on this significance, the authors assessed the work centrality and working values of real estate practitioners in established Asian countries. Based on the findings, in terms of work centrality, Japan was rated high on work centrality as very important in six life aspects among the five countries, followed by Indonesia, the Philippines, Malaysia, and Myanmar. Findings on work values were all significant among the five countries, headed by Japan, Indonesia, Myanmar, Malaysia, and the Philippines. There is a substantial difference in the perception of work centrality among respondents in five countries, as revealed by Indonesia and Myanmar and Myanmar and Japan. Some countries differ in work values as manifested by Malaysia and Japan, highly significant, like Myanmar and Japan, and the Philippines. Enablers for success in the real estate profession include enterprising and conventional interests and various work values listed by experts in the field. Based on the study's findings, it can be seen that work centrality and work values among the five Asian countries differ from each other. Capability Building Index is now recommended for adoption by the real estate practitioners.
- Baum, A. (2009). Commercial real estate investment. Taylor & Francis.
- Block, R. L. (2011). Investing in REITs: real estate investment trusts (Vol. 141). John Wiley & Sons.
- Botzem, S., & Dobusch, L. (2017). Financialization as strategy: Accounting for inter-organizational value creation in the European real estate industry. Accounting, Organizations and Society, 59, 31-43.
- Clark, T., Osterwalder, A., & Pigneur, Y. (2012). Business model you: A one-page method for reinventing your career. John Wiley & Sons.
- Crane, A., Matten, D., Glozer, S., & Spence, L. (2019). Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press, USA.
- Conversi, D. (1990). Language or race? The choice of core values in the development of Catalan and Basque nationalisms. Ethnic and Racial Studies, 13(1), 50-70.
- Detert, J. R., Treviño, L. K., & Sweitzer, V. L. (2008). Moral disengagement in ethical decision making: a study of antecedents and outcomes. Journal of Applied Psychology, 93(2), 374.
- Finkelstein, L. M., Costanza, D. P., & Goodwin, G. F. (2018). Do your high potentials have potential? The impact of individual differences and designation on leader success. Personnel Psychology, 71(1), 3-22.
- Feng, Z., Pattanapanchai, M., Price, S. M., & Sirmans, C. F. (2021). Geographic diversification in real estate investment trusts. Real Estate Economics, 49(1), 267-286.
- Ferraro, P. J. (2008). Asymmetric information and contract design for payments for environmental services. Ecological economics, 65(4), 810-821.
- Gee, H. (2010). Residential real estate data on the Internet: Benefits and limitations. Journal of Business & Finance Librarianship, 15(2), 104-122.
- Geltner, D., Miller, N. G., Clayton, J., & Eichholtz, P. (2001). Commercial real estate analysis and investments (Vol. 1, p. 642). Cincinnati, OH: South-western.
- Grossman, S. J., & Hart, O. D. (1986). The costs and benefits of ownership: A theory of vertical and lateral integration. Journal of political economy, 94(4), 691-719.
- Haight, G. T., & Singer, D. D. (2008). Types of Commercial Real Estate. Handbook of Finance, 1.
- Hogg, M. A. (2000). Subjective uncertainty reduction through self-categorization: A motivational theory of social identity processes. European review of social psychology, 11(1), 223-255.
- Khang, D. B., & Moe, T. L. (2008). Success criteria and factors for international development projects: A life-cycle-based framework. Project management journal, 39(1), 72-84.
- Karagianni, D., & Jude Montgomery, A. (2018). Developing leadership skills among adolescents and young adults: a review of leadership programmes. International Journal of Adolescence and Youth, 23(1), 86-98.
- Kyle, R. C., Baird, F. M., & Spodek, M. S. (2000). Property management. Dearborn Real Estate.
- Lynam, T., De Jong, W., Sheil, D., Kusumanto, T., & Evans, K. (2007). A review of tools for incorporating community knowledge, preferences, and values into decision making in natural resources management. Ecology and society, 12(1).
- Miner, J. B. (1997). A psychological typology of successful entrepreneurs. Greenwood Publishing Group.
- Nohria, N., & Ghoshal, S. (1994). Differentiated fit and shared values: Alternatives for managing headquarters‐subsidiary relations. Strategic Management Journal, 15(6), 491-502.
- Parry, E., & Urwin, P. (2011). Generational differences in work values: A review of theory and evidence. International journal of management reviews, 13(1), 79-96.
- Rainsford, E., Maloney, W. A., & Popa, S. A. (2019). The effect of unemployment and low-quality work conditions on work values: Exploring the experiences of young Europeans. The ANNALS of the American Academy of Political and Social Science, 682(1), 172-185.
- Sirgy, M. J. (2014). Real estate marketing: Strategy, personal selling, negotiation, management, and ethics. Routledge.
- Stanfield, D., Childress, M., Dervishi, A., Korra, L., & Center, L. T. (1999). Emerging real estate markets in metropolitan Tirana, Albania. Land Tenure Center, University of Wisconsin–Madison.
- Stephen, R. (2001). Corporate property strategy is integral to corporate business strategy. Journal of Real Estate Research, 22(1-2), 129-152.
- Tyler, T., Degoey, P., & Smith, H. (1996). Understanding why the justice of group procedures matters: A test of the psychological dynamics of the group-value model. Journal of personality and social psychology, 70(5), 913.
- Article View: 150
- PDF Download: 178