Search results

1 – 9 of 9
Article
Publication date: 25 March 2021

Ingrid Nappi and Hajar Eddial

This paper aims to draw on the field of real estate management to explore the cost of flex-offices as well as the corporate discourse toward it and to identify the possible gap…

Abstract

Purpose

This paper aims to draw on the field of real estate management to explore the cost of flex-offices as well as the corporate discourse toward it and to identify the possible gap between real estate directors' discourse and the real cost of flex-offices.

Design/methodology/approach

This paper follows the grounded theory approach. Three studies were conducted: 16 semi-structured interviews with real estate actors, categorization of internal corporate documents and a thorough content analysis of the press discourse.

Findings

There is a positive vision as well as a very optimistic outlook on the flex-office on the part of real estate actors and the press. This research shows that reality does not reflect the discourse as 12 hidden costs identified are not currently factored into costs when setting up a flex-office, which can distort the discourse and efficiency. It will be interesting to measure those hidden costs in future research so as to have an objective discourse and a better cost estimate when deploying this kind of workspace.

Originality/value

Contradict the widespread discourse about flex-offices by highlighting the hidden costs that should be taken into consideration to allow managers to make accurate estimates. Although these hidden costs may seem ancillary at first sight, they might have an impact on efficiency.

Details

Journal of Corporate Real Estate , vol. 23 no. 4
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 30 January 2020

Ingrid Nappi and Gisele de Campos Ribeiro

The purpose of this study is to examine the use of IoT technology (RFID technology, sensor networks, wearable devices and other smart items) in office settings and its respective…

4571

Abstract

Purpose

The purpose of this study is to examine the use of IoT technology (RFID technology, sensor networks, wearable devices and other smart items) in office settings and its respective impact on the optimization of employees’ productivity and workspace effectiveness.

Design/methodology/approach

The paper reviews 41 relevant publications reporting IoT use in office settings to identify how this technology has been applied in office settings and what topics are mostly addressed in the literature; how IoT technology improves employees’ productivity; and what the benefits and risks associated with IoT use in the workplace environment are.

Findings

Two main areas of application of IoT technology in the workplace environment were identified. The first one concerns the influence of the physical characteristics of workplaces on aspects related to workspace effectiveness. The second one is employee-centered and concerns the use of IoT data to identify employees’ social behavior, physiological data and emotional estates associated with productivity. IoT technology provides real-time data with speedy information retrieval. However, its deployment in office settings is not exempt from risks. Employee workplace surveillance, re-individualization of the IoT data and employee refusal of IoT technology in office settings are the main risks associated with this technology.

Originality/value

This literature review categorizes IoT application in office settings according to two perspectives and highlights employees' attitudes, user-experience of IoT technology and the risks associated with this technology. These results will help researchers and workplace managers interested in the deployment of this technology in the workplace environment.

Details

Journal of Corporate Real Estate , vol. 22 no. 1
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 13 February 2020

Ingrid Nappi, Gisele de Campos Ribeiro and Nicolas Cochard

The purpose of this study is to evaluate how the relationship between employees’ workspace satisfaction and their respective perceptions of workspace support to labour…

1309

Abstract

Purpose

The purpose of this study is to evaluate how the relationship between employees’ workspace satisfaction and their respective perceptions of workspace support to labour productivity interacts with two emotional experiences as follows: workspace attachment and job stress.

Design/methodology/approach

Web-based surveys conducted before and after a company’s short-distance relocation. Study 1 concerned 66 employees and was conducted a few weeks before the relocation. Study 2 concerned 84 employees and was conducted six months after the relocation. Ordinary least squares regression, moderation and mediation analysis were performed.

Findings

After the relocation, the employees experienced greater job stress, less workspace satisfaction, and they felt less attached to their workspaces. However, the evaluations of workspace support to labour productivity did not change. Contrary to expectations, employees’ workspace satisfaction is not related to their evaluation of this workspace as supporting labour productivity. Instead, this relationship is moderated by job stress. The hypothesis that workspace attachment mediates the relationship between workspace satisfaction and respective evaluation of this workspace as supporting labour productivity was not verified.

Practical implications

Corporate real estate managers and any manager leading short-distance relocation projects should consider incorporating change management in the projects to maintain employees’ positive attitudes and emotional bonds with their workspace.

Originality/value

This research improves the knowledge of how employees perceive the workspace as supporting their work duties.

Details

Journal of Corporate Real Estate , vol. 22 no. 3
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 29 March 2013

Ingrid Nappi‐Choulet and Aurélien Décamps

The purpose of this paper is to investigate whether energy efficiency is capitalized in rent and asset value on corporate real estate portfolio. This approach contributes to the…

Abstract

Purpose

The purpose of this paper is to investigate whether energy efficiency is capitalized in rent and asset value on corporate real estate portfolio. This approach contributes to the research on “green buildings” by using hedonic regression modeling on a portfolio of existing buildings in the French corporate real estate context.

Design/methodology/approach

The authors apply hedonic methods on a French corporate real estate portfolio which is composed of industrial, commercial and office buildings.

Findings

This model emphasizes two main results: energy efficiency is more capitalized in rent than in asset value and this relationship differs regarding buildings' type.

Originality/value

The model suggests that premium for energy efficiency is stronger for commercial and office buildings than for industrial buildings.

Details

Journal of Corporate Real Estate, vol. 15 no. 1
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 29 May 2009

Ingrid Nappi‐Choulet, Franck Missonier‐Piera and Marion Cancel

The purpose of this paper is to investigate the impact of corporate real estate (CRE) ownership on value creation for non‐financial French listed companies.

1881

Abstract

Purpose

The purpose of this paper is to investigate the impact of corporate real estate (CRE) ownership on value creation for non‐financial French listed companies.

Design/methodology/approach

Using a pool sample composed of SBF 250 companies over the period 1999‐2004, this paper investigates the association between economic value added (EVA) and market value added (MVA) as proxies for the value generated by French listed companies and the proportion of real estate in their asset portfolio.

Findings

The empirical results show that an increase in the proportion of real estate assets (over total assets) is negatively associated with EVA, but only for firms in service industries exhibiting low real estate intensity. The regression on MVA shows a negative association with the increase in the proportion of real estate for firms outside the service industries.

Research limitations/implications

Recent trends show that many large companies have sold a significant portion of their CRE assets. The underlying motives for such behaviour are yet to be examined (at least for the French context). If real estate has any influence, an association should be observable between proxies of value creation and the change in the proportion of real estate assets, owned by a company. The results suggest that sales of CRE assets may be driven by value maximizing behaviour.

Practical implications

In order to maximize the value of their firm, managers should apparently take value creation into consideration in their decisions to invest in or dispose of real estate assets.

Originality/value

The paper suggests that in a French context, CRE disposals may generate value added in certain industries with specific CRE intensity.

Details

Journal of Corporate Real Estate, vol. 11 no. 2
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 1 February 2008

Kim Hiang Liow and Nappi‐Choulet Ingrid

The purpose of this paper is to discuss three corporate real estate (CRE) perspectives (business, financial and capital market) as well as some potential issues, supported by key…

4087

Abstract

Purpose

The purpose of this paper is to discuss three corporate real estate (CRE) perspectives (business, financial and capital market) as well as some potential issues, supported by key research studies and evidence drawn from listed retail companies in the USA, and European and Asian countries; as real estate has always been recognized as a key value driver in the retail industry.

Design/methodology/approach

A significant amount of capital is locked‐up in CRE by business firms, and so this paper analyzes the role of CRE from a combination of three perspectives: business, financial and capital market. These three CRE perspectives are discussed and some important issues reviewed, supported by key research studies and evidence drawn from listed retail companies in the USA and in European and Asian countries.

Findings

Arising from the review and perspectives offered in this paper, it is evident that performance measures are required to assess how CRE are being used and perceived by management and investors from the business, financial and capital market perspectives. This combined approach helps position the strategic role of the CRE in the context of “whole firm” that reflects the integration of trading and real estate activities.

Practical implications

With an effective CREAM system endorsed by top management, the CRE' s potential contribution and incremental performance can be factored into the financial plans of the “property‐rich” retail firms and appropriately reflected in corporate valuation.

Originality/value

This paper offers combined business, financial and capital market perspectives to assess the role of CRE in listed retail firms. Evidence and important issues in relation to the three perspectives are reviewed and evaluated.

Details

Journal of Corporate Real Estate, vol. 10 no. 1
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 5 May 2023

Arooj Naz, Aamir Inam Bhutta, Muhammad Fayyaz Sheikh and Jahanzaib Sultan

This study aims at testing the relationship between corporate real estate (CRE) investment and firm performance of nonfinancial firms in the context of an underdeveloped market…

Abstract

Purpose

This study aims at testing the relationship between corporate real estate (CRE) investment and firm performance of nonfinancial firms in the context of an underdeveloped market, Pakistan.

Design/methodology/approach

This study uses a sample of 307 nonfinancial firms listed at the Pakistan Stock Exchange from 2010 to 2020. This study adopts a rigorous methodological approach and employs ordinary least square, fixed effect, generalized method of moments system regressions and the propensity score matching technique to account for potential heteroskedasticity, effects of unobserved variables and endogeneity.

Findings

This study finds that as the investment in CRE increases, the firm’s performance decreases. The findings are robust to alternative proxies of CRE investment and alternative methodologies. Furthermore, the findings hold for financially constrained and financially unconstrained firms, high- and low-growth firms and safe and financially distressed firms.

Research limitations/implications

This study extends the evidence about CRE investment in an underdeveloped market and suggests potential avenues for future research.

Practical implications

The findings of this study warrant investors, managers and directors be cautious about CRE investment in firms.

Originality/value

This study uses a new proxy of CRE investment, which is more inclined toward the asset management and financial perspective of CRE investment. Furthermore, to the best of the authors’ knowledge, this is the first attempt to investigate the role of CRE investment in an underdeveloped market.

Details

Journal of Corporate Real Estate , vol. 25 no. 3
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 1 September 2000

Ingrid Eyers

Within the context of residential care settings in England and Germany little consideration is given to the role of care assistants. Policies that determine the staffing levels in…

Abstract

Within the context of residential care settings in England and Germany little consideration is given to the role of care assistants. Policies that determine the staffing levels in both countries have resulted in care assistants making a considerable contribution towards the ‘hands‐on’ care of dependent, older people. However, the policies overlook the need to encourage and support care assistants in developing the skills required to provide effective, efficient care to dependent, older people. This paper presents the findings of a small‐scale qualitative study conducted in residential care settings situated in the south east of England and north Germany. The study establishes the connection between the nature of ‘emotional labour’ and the need to provide suitable training to care assistants, thus influencing the quality of care provided to dependent, older people. At present training in both countries is focused on qualified staff. Overlooking care assistants and their contribution towards care could be detrimental to the quality of care provided to older people in both England and Germany.

Details

Quality in Ageing and Older Adults, vol. 1 no. 1
Type: Research Article
ISSN: 1471-7794

Keywords

Article
Publication date: 30 March 2012

Ingrid Burbey and Thomas L. Martin

Location‐prediction enables the next generation of location‐based applications. The purpose of this paper is to provide a historical summary of research in personal…

Abstract

Purpose

Location‐prediction enables the next generation of location‐based applications. The purpose of this paper is to provide a historical summary of research in personal location‐prediction. Location‐prediction began as a tool for network management, predicting the load on particular cellular towers or WiFi access points. With the increasing popularity of mobile devices, location‐prediction turned personal, predicting individuals' next locations given their current locations.

Design/methodology/approach

This paper includes an overview of prediction techniques and reviews several location‐prediction projects comparing the raw location data, feature extraction, choice of prediction algorithms and their results.

Findings

A new trend has emerged, that of employing additional context to improve or expand predictions. Incorporating temporal information enables location‐predictions farther out into the future. Appending place types or place names can improve predictions or develop prediction applications that could be used in any locale. Finally, the authors explore research into diverse types of context, such as people's personal contacts or health activities.

Originality/value

This overview provides a broad background for future research in prediction.

Details

International Journal of Pervasive Computing and Communications, vol. 8 no. 1
Type: Research Article
ISSN: 1742-7371

Keywords

1 – 9 of 9