Real estate market structure: Industrial organization perspectives
Existing studies of housing markets assume that property developers is a homogenous, perfectly competitive industry.It concentrates on advanced economies and the impacts of market conditions, regulatory constraints, production characteristics, institutional structure and land supply.Motivated by th...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2015
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| Online Access: | https://repo.uum.edu.my/id/eprint/15253/1/ijms2215.pdf |
| _version_ | 1825803504594190336 |
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| author | Abdullah, Muhammad Ridhuan Bos |
| author_facet | Abdullah, Muhammad Ridhuan Bos |
| author_sort | Abdullah, Muhammad Ridhuan Bos |
| collection | UUM |
| description | Existing studies of housing markets assume that property developers is a homogenous, perfectly competitive industry.It concentrates on advanced
economies and the impacts of market conditions, regulatory constraints, production characteristics, institutional structure and land supply.Motivated by these circumstances and fewer literature on concentration studies in Malaysia we try to bridging the gap.This paper utilized 5-digit firm level industry data of the Malaysian Standard Industrial Classification (MSIC, 2008) on the average size of property developer establishments and market concentration to test the appropriateness of this paradigm.Our concentration ratio (CR4) results show Malaysian real estate services are considered as competitive market. |
| first_indexed | 2024-07-04T05:58:11Z |
| format | Article |
| id | uum-15253 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:58:11Z |
| publishDate | 2015 |
| publisher | Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-152532016-04-12T06:02:11Z https://repo.uum.edu.my/id/eprint/15253/ Real estate market structure: Industrial organization perspectives Abdullah, Muhammad Ridhuan Bos HD28 Management. Industrial Management Existing studies of housing markets assume that property developers is a homogenous, perfectly competitive industry.It concentrates on advanced economies and the impacts of market conditions, regulatory constraints, production characteristics, institutional structure and land supply.Motivated by these circumstances and fewer literature on concentration studies in Malaysia we try to bridging the gap.This paper utilized 5-digit firm level industry data of the Malaysian Standard Industrial Classification (MSIC, 2008) on the average size of property developer establishments and market concentration to test the appropriateness of this paradigm.Our concentration ratio (CR4) results show Malaysian real estate services are considered as competitive market. Universiti Utara Malaysia 2015 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/15253/1/ijms2215.pdf Abdullah, Muhammad Ridhuan Bos (2015) Real estate market structure: Industrial organization perspectives. International Journal of Management Studies (IJMS), 22 (1). pp. 57-72. ISSN 0127-8983 http://www.ijms.uum.edu.my |
| spellingShingle | HD28 Management. Industrial Management Abdullah, Muhammad Ridhuan Bos Real estate market structure: Industrial organization perspectives |
| title | Real estate market structure: Industrial organization perspectives |
| title_full | Real estate market structure: Industrial organization perspectives |
| title_fullStr | Real estate market structure: Industrial organization perspectives |
| title_full_unstemmed | Real estate market structure: Industrial organization perspectives |
| title_short | Real estate market structure: Industrial organization perspectives |
| title_sort | real estate market structure industrial organization perspectives |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/15253/1/ijms2215.pdf |
| work_keys_str_mv | AT abdullahmuhammadridhuanbos realestatemarketstructureindustrialorganizationperspectives |