TY  - JOUR
AB  - The literature on investor decision‐making behaviour in property investment is sparse, loosely integrated and focused principally upon large, institutional investors. It reflects rational, normative models that treat investor behaviour as highly structured and formalised. By contrast, behavioural psychology suggests that individuals frequently act sub‐optimally. These ideas have been explored in financial decision making and have been found in the actions of property valuers and property lenders. This paper addresses this neglected area of property investment decision‐making. Semi‐structured interviews were conducted with a sample of property investment directors of smaller property companies. The interviews investigate the decision‐making structures in these companies, the process by which investment strategy is formulated, the investment “screening” process and the determinants of purchase/sell decisions. The findings are discussed and related to the literature on decision making under uncertainty.
VL  - 18
IS  - 6
SN  - 1463-578X
DO  - 10.1108/14635780010357569
UR  - https://doi.org/10.1108/14635780010357569
AU  - Gallimore Paul
AU  - Hansz J. Andrew
AU  - Gray Adelaide
PY  - 2000
Y1  - 2000/01/01
TI  - Decision making in small property companies
T2  - Journal of Property Investment & Finance
PB  - MCB UP Ltd
SP  - 602
EP  - 612
Y2  - 2024/04/26
ER  -