The Effect of Seasonal Flood on Agricultural and Industrial Land Values in Malaysia: A Hedonic Pricing Model (HPM) Approach
Flood disasters have raised critical issues for landowners as they might affect land values. The argument of possible decline in the value of land located in flood-liable areas has been discussed in previous literature. However, existing studies on flood impact in Malaysia are few and do not focus...
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| Format: | Article |
| Language: | English |
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UUM PRESS
2017-01-01
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| Series: | Journal of Business Management and Accounting |
| Subjects: | |
| Online Access: | https://e-journal.uum.edu.my/index.php/jbma/article/view/8826 |
| _version_ | 1797627417477513216 |
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| author | Nur Hafizah Ismail Mohd Zaini Abd Karim Bakti Hasan Basri |
| author_facet | Nur Hafizah Ismail Mohd Zaini Abd Karim Bakti Hasan Basri |
| author_sort | Nur Hafizah Ismail |
| collection | DOAJ |
| description |
Flood disasters have raised critical issues for landowners as they might affect land values. The argument of possible decline in the value of land located in flood-liable areas has been discussed in previous literature. However, existing studies on flood impact in Malaysia are few and do not focus on land property as a main issue of study. Therefore, in this study, we investigate the effect of flood on agricultural and industrial land property values in Malaysia by using the Hedonic Pricing Model (HPM). The results of this study suggest that flood duration significantly reduced the value of agricultural and industrial land property. The results from this study has benefits for landowners in terms of understanding the effect of flood duration on agricultural and industrial land values and factors responsible for decreasing land value. This will help the landowners to make contingency arrangement on the property assets to ensure that loss due to flood is minimized.
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| first_indexed | 2024-03-11T10:23:51Z |
| format | Article |
| id | doaj.art-9cef5b600caa48af8516af54c742282c |
| institution | Directory Open Access Journal |
| issn | 2231-9298 2636-9249 |
| language | English |
| last_indexed | 2024-03-11T10:23:51Z |
| publishDate | 2017-01-01 |
| publisher | UUM PRESS |
| record_format | Article |
| series | Journal of Business Management and Accounting |
| spelling | doaj.art-9cef5b600caa48af8516af54c742282c2023-11-16T03:12:25ZengUUM PRESSJournal of Business Management and Accounting2231-92982636-92492017-01-017110.32890/jbma2017.7.1.8826The Effect of Seasonal Flood on Agricultural and Industrial Land Values in Malaysia: A Hedonic Pricing Model (HPM) ApproachNur Hafizah Ismail0Mohd Zaini Abd Karim1Bakti Hasan Basri2Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Sintok, Kedah, MalaysiaSchool of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia, Sintok, Kedah, MalaysiaSchool of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia, Sintok, Kedah, Malaysia Flood disasters have raised critical issues for landowners as they might affect land values. The argument of possible decline in the value of land located in flood-liable areas has been discussed in previous literature. However, existing studies on flood impact in Malaysia are few and do not focus on land property as a main issue of study. Therefore, in this study, we investigate the effect of flood on agricultural and industrial land property values in Malaysia by using the Hedonic Pricing Model (HPM). The results of this study suggest that flood duration significantly reduced the value of agricultural and industrial land property. The results from this study has benefits for landowners in terms of understanding the effect of flood duration on agricultural and industrial land values and factors responsible for decreasing land value. This will help the landowners to make contingency arrangement on the property assets to ensure that loss due to flood is minimized. https://e-journal.uum.edu.my/index.php/jbma/article/view/8826Floodland propertyHedonic Price Model (HPM)valuation |
| spellingShingle | Nur Hafizah Ismail Mohd Zaini Abd Karim Bakti Hasan Basri The Effect of Seasonal Flood on Agricultural and Industrial Land Values in Malaysia: A Hedonic Pricing Model (HPM) Approach Journal of Business Management and Accounting Flood land property Hedonic Price Model (HPM) valuation |
| title | The Effect of Seasonal Flood on Agricultural and Industrial Land Values in Malaysia: A Hedonic Pricing Model (HPM) Approach |
| title_full | The Effect of Seasonal Flood on Agricultural and Industrial Land Values in Malaysia: A Hedonic Pricing Model (HPM) Approach |
| title_fullStr | The Effect of Seasonal Flood on Agricultural and Industrial Land Values in Malaysia: A Hedonic Pricing Model (HPM) Approach |
| title_full_unstemmed | The Effect of Seasonal Flood on Agricultural and Industrial Land Values in Malaysia: A Hedonic Pricing Model (HPM) Approach |
| title_short | The Effect of Seasonal Flood on Agricultural and Industrial Land Values in Malaysia: A Hedonic Pricing Model (HPM) Approach |
| title_sort | effect of seasonal flood on agricultural and industrial land values in malaysia a hedonic pricing model hpm approach |
| topic | Flood land property Hedonic Price Model (HPM) valuation |
| url | https://e-journal.uum.edu.my/index.php/jbma/article/view/8826 |
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