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The following is an introductory profile of the fastest growing firms over the three-year period of the study listed by corporate reputation ranking order. The business activities in which the firms are engaged are outlined to provide background information for the reader.

According to Whitman, Hayek’s conception of MI pertains just to the relationship of individual psychology and the social sciences, and is neutral on broader questions about reductionism in other scientific domains. Since hypotheses of group selection frequently concern organisms that are taken to be mindless (e.g. viruses and social insects), it is clear that they do not come into contact with MI thus construed. And even when group selection hypotheses make claims about human evolution, as do the hypotheses we discuss in Chapters 4 and 5 of Unto Others, there is, once again, a relationship of mutual irrelevance. The reason is that MI addresses what biologists call the question of proximate mechanism, whereas hypotheses about natural selection are part of the project of ultimate explanation (Mayr, 1961). An example used in Unto Others helps to illustrate this distinction. If one asks why sunflowers turn towards the sun, there are two ways in which this question might be understood. One might wish to understand how the machinery inside of each plant causes the plant to exhibit phototropism. Or one might want to understand the evolutionary processes that caused this behavior to evolve. Both types of understanding are important, and there is no conflict between them. By the same token, when a human society exhibits some property – e.g. the type of egalitarianism among adult males that Boehm (1999) argues is characteristic of nomadic hunter-gatherers – we might seek both a proximate and an ultimate explanation of that arrangement. MI constrains the former problem; it asserts that a group’s having that property must be understood in terms of the beliefs and desires of the individuals in the group (with properties of the physical environment brought in where necessary). But even if the question of proximate mechanism gets answered in the way that MI insists, the question is left open as to whether the group phenotype is the result of natural selection, and if it is, whether group selection was involved. MI says nothing about the form that an evolutionary explanation must take; it concerns proximate explanation only.

This paper seeks to set out a series of criteria through which the sustainability of commercial property can be assessed. It is part of a wider research project that addresses sustainability as a set of investment risks and is seeking to specify these risks and incorporate them within commercial property investment appraisals.

The paper draws on existing literature to establish a series of sustainability criteria and then uses focus groups and interviews with industry operators to establish the relevance and potential significance of each criteria to property investment worth.

The research is focused on the investment performance of commercial property. The findings in the paper are thus driven by a strong economic imperative and the criteria focus on factors within the control of the investor‐owner. The research also reflects the views of a small group of industry operators. However, it sets out a practical set of sustainability criteria, reviewed by industry experts, against which the performance of any commercial property can be assessed.

The paper provides a set of sustainability criteria that are relevant to the performance of property as an operational asset and an investment asset. This will enable market operators to begin to address sustainability within the commercial property stock from a market‐based perspective reflecting the economic imperative that drives the industry. The focus on the investment sector differentiates the work from studies that look at sustainability more broadly as a qualitative issue.

Socially responsible property investments (SRPI) are seen as the emerging trend in socially responsible investing. The purpose of this paper is to raise the question of whether this trend is also valid for Germany. The results presented in this article are based on an explorative study among German institutional investors in the year 2007.

The authors see the reasons behind the trend of sustainable building in the climate change and the resulting awareness of the investors on this topic. Likewise, the authors also see that more investors, predominantly institutional investors, are focusing on the emerging market for socially responsible investments (SRI). Considering these and the diversified portfolios of the institutional investors which usually include property investments, the authors are investigating the demand of these investors for SRPI in Germany. The investigation is based on an empirical study carried out in 2007 which should be understood as a prolonged insight into the investment preferences of German institutional investors towards SRI, in general, and SRPI, in particular.

The authors found that the market for SRPI is not growing as a result of an increased interest in SRPI as an emerging asset class, but rather as a consequence of a moderate growth in the property market. Some institutional investors find severe intransparencies in this emerging segment, while others do not perceive this new asset class as an attractive investment opportunity.

The empirical study sheds light on the willingness of German institutional investors to invest in SRI with special reference to SRPI.

The empirical study shows the willingness of institutional investors which already invested in SRI to invest in SRPI, as well as the reluctance of investors with no experience in SRI to invest in SRPI.

The proportion of real estate in a non‐property company’s asset portfolio has increased to an extent where it has become an asset capable of enhancing corporate wealth. This initial study hopes to establish the foundation and provide background information on corporate real estate holding profiles of listed Singapore business firms. Using financial statement data and firm market values from 1987 to 1996, this paper provides an analysis of real estate holdings in both absolute and relative terms. Real estate holdings by business segment and asset subtype, growth in corporate real estate holdings over time; and key financial characteristics of corporate real estate (eg real estate as a percentage of shareholders’ equity and real estate relative to market value of the firm) are included in the paper.

This paper identifies the importance of key factors influencing the quality of CBD office buildings. An office building quality index (BQI) is constructed and its relationship with net rent assessed.

The importance of 30 property‐specific CBD office building attributes on the quality of CBD office buildings is assessed using a survey of property industry respondents. The analytical hierarchy process procedure is used to determine weights for each of these attributes to construct an office BQI.

Findings indicate that functionality (31.0 per cent), services (22.6 per cent), access and circulation (16.4 per cent), presentation (13.1 per cent), management (11.5 per cent) and amenities (5.4 per cent) are the order of importance in assessing office building quality. There was found to be a strong functional relationship between office building quality and net rent.

A better understanding of the factors influencing CBD office building quality is determined, with a more effective and practical office BQI developed for benchmarking purposes in property portfolios.

Importance of CBD office building attributes is determined and a new CBD office BQI is developed for practical implementation in the property industry.

Various authors allege that the theory of group selection is inconsistent with methodological individualism, and therefore analysts must reject at least one of these principles. The present article argues for their compatibility. The meaning of methodological individualism is clarified, and the new version of group selection (articulated by Wilson & Sober, 1994, 1998) is explained. The two principles are then incorporated into a single methodological approach. Group selection affects the assumptions made about the kind of individuals who populate social scientific models, while methodological individualism requires models’ conclusions to follow from the actions and interactions of those individuals.

This paper aims to review the current state of building decay in Hong Kong, and attempts to identify and analyze the perceived benefits of implementing the Mandatory Building Inspection Scheme (MBIS) via an industry-wide empirical questionnaire survey.

A total of 340 professional respondents who have gained hands-on experience in either new building works or building management or building repair/maintenance were requested to complete a survey questionnaire to indicate the relative importance of those benefits identified in relation to MBIS. The perceived benefits were measured, ranked and compared according to the different roles of industrial practitioners, and between the residents in private premises and those in public estates.

The survey findings suggested the most significant benefits derived from implementing MBIS to be: raise the overall building safety toward residents and the general public; create more job openings and business opportunities in building repair and maintenance services; and MBIS is an effective solution to address the problems with building decay (e.g. dilapidation and control over the existing unauthorized building works). The results of factor analysis indicated that the 13 perceived benefits of implementing MBIS were consolidated under three underlying factors: addressing building dilapidation and assuring building safety; improving the living environment and upgrading property values; and creating more job openings and business opportunities.

As MBIS was officially launched on June 30, 2012, it is expected to be one of the proposed effective measures in resolving the long-standing problems of building neglect and deterioration in Hong Kong and overseas, especially to those existing old private premises.

In the long run, the number of prematurely ageing buildings would be reduced, and the service life span of existing private premises would be prolonged. This is in line with the sustainability principle of providing a better living and the working environment within the community as a whole.

To identify the property research priorities in the UK, a major survey of Investment Property Forum members was conducted in February 2003. Over 40 property research areas were assessed, including both general and specific property research priorities. UK property research priorities were seen to be different from an earlier USA property research priorities survey (2000) and more closely aligned to a more recent Australian property research priorities survey (2001).

A number of multidimensional poverty measures that respect the ordinal nature of dimensions have recently been proposed within the counting approach framework. Besides ensuring a reduction in poverty, however, it is important to monitor distributional changes to ensure that poverty reduction has been inclusive in reaching the poorest. Distributional issues are typically captured by adjusting a poverty measure to be sensitive to inequality among the poor. This approach, however, has certain practical and conceptual limitations. It conflicts, for example, with some policy-relevant measurement features, such as the ability to decompose a measure into dimensions post-identification and does not create an appropriate framework for assessing disparity in poverty across population subgroups. In this chapter, we propose and justify the use of a separate decomposable inequality measure – a positive multiple of “variance” – to capture the distribution of deprivations among the poor and to assess disparity in poverty across population subgroups. We demonstrate the applicability of our approach through two contrasting inter-temporal illustrations using Demographic Health Survey data sets for Haiti and India.