The Relationship between Corporate Real Estate and Economic Cycle

• 作者: Ntombifuthi Mthabela Vusi Ndlovu
• 来源期刊: 现代会计与审计:英文版
• 学科: 经济
• 关键词: CORPORATE REAL ESTATE economic CYCLE INTEREST rate GDP and total CORPORATE COSTS
• 年，卷（期）: 2018,（10）
• 页码范围: 538-560
• 页数: 23页
• 分类号: F

摘要

Studies on the relationship between corporate real estate(CRE)and economic cycles are very thin,especially from developing countries,such as South Africa.More,in practice,most firms hardly dedicate enough resources to CRE divisions.This leads to that management not fully maximises the wealth of shareholders.This study uses multi-linear regression to test how GDP,interest rate,and total corporate costs react to changes in CRE.The sample is made up of blue chip firms listed on the Johannesburg Stock Exchange(JSE).The results reveal mixed bag solutions-for certain firms;GDP,interest rate,and corporate costs are statistically significant and vice versa.More,this analysis can be replicated to other similar industries and indices around the world.