Factors affecting client influence on property valuation in Malaysia: do client size and size of value adjustment matter?
Client influence on property valuation has been an emerging theme of behavioural research in the real estate discipline. Studies on valuers’ decision-making behaviour imply that client influence is an important source of judgemental bias. Academic interest in client influence research has evolved fr...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Penerbit UTM Press
2015
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| Online Access: | http://eprints.utm.my/55261/1/KamalahasanAchu2015_FactorsAffectingClientInfluenceonProperty.pdf |
| _version_ | 1796860116314619904 |
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| author | Achu, Kamalahasan Lim, Wan Chin Burhan, Burhaida Nordin, Muhammad Faris |
| author_facet | Achu, Kamalahasan Lim, Wan Chin Burhan, Burhaida Nordin, Muhammad Faris |
| author_sort | Achu, Kamalahasan |
| collection | ePrints |
| description | Client influence on property valuation has been an emerging theme of behavioural research in the real estate discipline. Studies on valuers’ decision-making behaviour imply that client influence is an important source of judgemental bias. Academic interest in client influence research has evolved from identifying the existence of client pressure to studies that explain the mechanism of client influence. A questionnaire survey was administered to valuers to measure their perception with regard to factors affecting client influence in Malaysia. The effect of client size and size of value adjustment requested by clients on valuation were also tested in a behavioural experiment. The survey revealed that valuers in Malaysia perceived client characteristics and valuer characteristics as some of the most important factors affecting client influence on valuations. It was found that factors such as type of client, size of client, integrity of valuer and experience of valuer could potentially impact on the amount and type of influence exerted on valuations. The results of the logistic regression model indicated that neither the client size nor magnitude of value adjustment requested by client affected the decisions of valuers to alter valuation outcome. |
| first_indexed | 2024-03-05T19:37:09Z |
| format | Article |
| id | utm.eprints-55261 |
| institution | Universiti Teknologi Malaysia - ePrints |
| language | English |
| last_indexed | 2024-03-05T19:37:09Z |
| publishDate | 2015 |
| publisher | Penerbit UTM Press |
| record_format | dspace |
| spelling | utm.eprints-552612017-11-01T04:16:47Z http://eprints.utm.my/55261/ Factors affecting client influence on property valuation in Malaysia: do client size and size of value adjustment matter? Achu, Kamalahasan Lim, Wan Chin Burhan, Burhaida Nordin, Muhammad Faris HD1394-1394.5 Real estate management Client influence on property valuation has been an emerging theme of behavioural research in the real estate discipline. Studies on valuers’ decision-making behaviour imply that client influence is an important source of judgemental bias. Academic interest in client influence research has evolved from identifying the existence of client pressure to studies that explain the mechanism of client influence. A questionnaire survey was administered to valuers to measure their perception with regard to factors affecting client influence in Malaysia. The effect of client size and size of value adjustment requested by clients on valuation were also tested in a behavioural experiment. The survey revealed that valuers in Malaysia perceived client characteristics and valuer characteristics as some of the most important factors affecting client influence on valuations. It was found that factors such as type of client, size of client, integrity of valuer and experience of valuer could potentially impact on the amount and type of influence exerted on valuations. The results of the logistic regression model indicated that neither the client size nor magnitude of value adjustment requested by client affected the decisions of valuers to alter valuation outcome. Penerbit UTM Press 2015-08 Article PeerReviewed application/pdf en http://eprints.utm.my/55261/1/KamalahasanAchu2015_FactorsAffectingClientInfluenceonProperty.pdf Achu, Kamalahasan and Lim, Wan Chin and Burhan, Burhaida and Nordin, Muhammad Faris (2015) Factors affecting client influence on property valuation in Malaysia: do client size and size of value adjustment matter? Jurnal Teknologi, 75 (10). pp. 39-49. ISSN 2180-3722 http://dx.doi.org/10.11113/jt.v75.5271 DOI:10.11113/jt.v75.5271 |
| spellingShingle | HD1394-1394.5 Real estate management Achu, Kamalahasan Lim, Wan Chin Burhan, Burhaida Nordin, Muhammad Faris Factors affecting client influence on property valuation in Malaysia: do client size and size of value adjustment matter? |
| title | Factors affecting client influence on property valuation in Malaysia: do client size and size of value adjustment matter? |
| title_full | Factors affecting client influence on property valuation in Malaysia: do client size and size of value adjustment matter? |
| title_fullStr | Factors affecting client influence on property valuation in Malaysia: do client size and size of value adjustment matter? |
| title_full_unstemmed | Factors affecting client influence on property valuation in Malaysia: do client size and size of value adjustment matter? |
| title_short | Factors affecting client influence on property valuation in Malaysia: do client size and size of value adjustment matter? |
| title_sort | factors affecting client influence on property valuation in malaysia do client size and size of value adjustment matter |
| topic | HD1394-1394.5 Real estate management |
| url | http://eprints.utm.my/55261/1/KamalahasanAchu2015_FactorsAffectingClientInfluenceonProperty.pdf |
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