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This paper aims to investigate the stigma effect on property valuation/sale price for remediated residential leaky buildings constructed in New Zealand during the 1990s and 2000s. In particular, the authors want to know whether meeting the regulatory standards for remediation work will totally eliminate the negative stigma effect on remediated properties.

Property transaction data for remediated leaky homes are often limited and not well recorded. Thus, it is very difficult or even impossible to identify those remediated properties in a standard property transaction data set. Moreover, a vast amount of information regarding the nature of property defects, remediation process and method is very difficult to obtain. In this study, members of the Property Institute of New Zealand (PINZ) and the Real Estate Institute of New Zealand were invited to participate in an online website survey. The results were then analysed using the principal component analysis, ordinary least squares and multinomial logit regressions.

This study indicates that for monolithic-clad dwellings, the price discount due to leaky building stigma is significant. Depending on the severity of the leaking problems, this is about 11 per cent on average for general market stigma and an additional 5-10 per cent for post-remediation stigma. The results highlight that meeting the regulatory standards for remediation work cannot totally eliminate the negative stigma effect on remediated properties. The findings are in line with the lemon theory introduced by Akerlof (1970) and robust to individual characteristics of the survey respondent.

General market stigma has been widely researched and documented in the literature. In contrast, there is a lack of research as to whether remediation will eliminate stigma, particularly in the presence of general market stigma. The authors are the first to show that post-remediation stigma can cause value loss in addition to general market stigma based on the lemon theory proposed by Akerlof (1970).

The purpose of this paper is to investigate the relationship between dairy farmland prices and farmland rental incomes in New Zealand from 1982 to 2009.

Using the net cash income received under a 50/50 share‐milking agreement to proxy the net cash rent, the paper attempts to explore the prices and rental incomes relationship using the present value model and then apply them in a pool regression model to show how farmers formulate their price bids.

Results show that over the long‐term dairy farmland price growth tends to be in line with rental growth. However, there is substantially higher growth in land prices in relation to the rental growth since 2002. Moreover, the risk premium placed by farmland owners on future rental cash flows since 2002 appears substantially below the historical average. The research further shows that farmers nowadays place more emphasis on the current season's payout than historical incomes in their price bids.

As a consequence the recent high land prices will be extremely sensitive to a permanent change to the low interest rate environment and future growth of dairy income. A policy recommendation is also highlighted.

The results of this paper indicates that the rapid price appreciation for New Zealand dairy farmland since 2000s might give rise to bubbles.

Reports on the findings of research into the role of women in the valuation profession in New Zealand. Quantitative and attitudinal information from women involved in the valuation profession was obtained by postal survey. Results reveal 6 per cent female representation in the profession currently. Describes the population in quantitative terms and summarizes attitudinal data. Outlines recommendations formulated as a result of the research, which revealed that gender‐based discrimination is evident. However, the property industry does offer an interesting and varied career which should be promoted to young women. Women involved with the profession have noted gender advantages that should be recognized by the profession at large.

The primary purpose of this paper is to test an appropriate methodology for quantifying a return to residential property homeowners who were committed to make improvements to their homes prior to placing on the market for sale.

This is a pilot study where empirical data were collected via two survey instruments from nine homeowners within the Horowhenua/Manawatu region of New Zealand. Market values of the properties before and after home improvement were assessed using a variety of market value measures including a valuation by a registered valuer, property owner's assessment and sale price.

The findings reveal that both the registered valuations and the property owner's assessment of expected sale price was within the range ±8 per cent of the final sale price. Seven of the nine houses included in this pilot study showed a positive return on time and money invested in minor home improvements.

Limitations relate to the dated data, small sample size and geographical spread of the sample. The time and cost required to gather home improvement activity data is another limitation.

Potential exists for the model developed in this paper to be replicated internationally. This paper supports the view that homeowners who are actively involved in the real estate market have an accurate assessment of the value of their own homes. Improvements increase the quality and condition of existing residential housing stocks. Minor improvements are often overlooked due to the cost of gathering data. This paper encourages further studies of minor improvement expenditure on residential property.

This paper adds to the body of renovation literature as the data collection was conducted at the time improvements were being made, thus reducing response errors. The inclusion of comprehensive valuation reports by registered valuers increased the reliability of market value assessments. Research in this area is useful to provide greater understanding of the benefits of minor improvement expenditure.

This study aims to consider assurance of learning among undergraduate business students enrolled in capstone business strategy courses using the GLO-BUS competitive simulation. Gender, academic major and business core course performance were examined.

Participants were 595 undergraduate capstone business students from 21 course sections taught over a four-year period. Variables included learning assurance measures, simulation performance, gender, major, business core course grades, capstone course grade and cumulative grade point average. Correlations, linear regression, multiple regression and multivariate analysis of variance (MANOVA) were used to analyze the data.

Learning assurance report scores were strongly related to simulation performance. Simulation performance was related to capstone course grade, which, in turn, was significantly related to the grade point average (GPA). Core business courses were related to learning assurance and performance indicators. Significant differences for gender and degree major were found for academic performance measures. Women and men did not differ in simulation performance.

Limitations include the use of one simulation (GLO-BUS) and studying students at one university taught by one professor. Assurance of learning measures needs further study as factors in business program evaluation. Future research should analyze post-graduate performance and career achievements in relation to assurance of learning outcomes.

This study conducts empirical analyses of simulation learning that focuses entirely on direct measures, including student characteristics (gender, major), learning assurance measures, business core course grades, capstone course grades and student GPAs.

Rapidly increasing school enrolments present a major problem in forward planning in many parts of the world. One aspect of this problem is the provision of buildings and classrooms. This paper describes the procedures adopted for the siting, planning and erection of school buildings by the Auckland Education Board, a local education authority responsible for 100,000 primary children. The board employs a full‐time planning and research officer whose chief duty is predicting enrolment trends from national census returns, figures on population mobility, immigration and birthrate and other sources. School sites are selected and purchased to provide for long‐term needs. Buildings are erected under a national “white‐lines” policy, adapted from English practice. This policy, which is designed to give local authorities scope for initiative and imagination in planning, lays down minimum standards for buildings and establishes maximum costs for schools of various sizes. There is some danger in standardization of this type, but regular discussions on design are held with teachers and other professional people associated with schools.

This paper seeks to propose the use of specific strategic management tools for identifying opportunities for gaining competitive advantage in the business core curricula offered at colleges and universities.

A brief review of the literature on business core curriculum innovation and change is examined, and strategic management concepts are used to compare with a set of competitive peer institutions. The techniques employed in the analysis include a representative weighted competitive strength assessment and a strategic group map in an example case analysis.

The results show that in this particular sample competitive environment, a business core course program could gain a competitive lead over rivals by improving innovation and distinctiveness in the core program content and/or teaching methods.

The concepts proposed in this paper are limited by the measures that are selected, the subjective level of importance weights assigned by the users to the measures, the possible overlap among some measures, and the use of a single case with five selected peer institutions.

There is potential usefulness of these strategic management analytical tools in the field of higher education by practitioners and researchers to examine the fundamental business core curricula in a systematic manner. The approach proposed could be used for other practical analyses of educational programs, organizational processes and services.

Considering that higher education courses and degree programs are important to individuals, organizations, and society at large, this proposed adaption of business strategic management concepts by educators could have a positive impact by enabling colleges and universities to discover and implement more opportunities for distinctiveness and improvement.

While there are previous research journal articles describing the importance of making changes to business core curricula and programs in today's rapidly changing environment, this paper offers practical and methodical analytical tools that administrators, faculty members and committee leaders can use for informed decision making.

THE popular image of Ireland is of a land where one can enjoy the perfect holiday. If you are a golfer, fisherman, rambler or if you just enjoy good food and of course the black nectar for which it is famous, then Ireland is the place to go, take the word of TV Chef, Keith Floyd. Ireland however, unlike many small countries, is not content to base its economy on tourism.

MIDSUMMER sees the general settling down of thoughtful librarians to a contemplation of their Winter programmes. This seems a cruel suggestion since (if we are fortunate) the skies are still blue above us, the trees green, and—well, holidays are just ahead. One duty, however, belongs to midsummer and that is the annual election of the Library Association Council. There is growing evidence that in this matter we are no longer prepared to leave our representation in the most important council that exists for us to chance. By the time these words appear the question, so far as 1928 is concerned, will have been settled. We hope a well‐balanced Council will be the result, and that, after an interval of several years, Ireland will be represented.