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Impact of Strategical Sustainability on Real Estate Industry’s Sustainability Performance

Author

Listed:
  • Sanchaniya Rashmi Jaymin
  • Geipele Ineta

    (Department of Civil Construction and Real Estate Economics and Management, Riga Technical University, Riga, LATVIA)

Abstract

The primary aim of this research is to investigate the relationship between strategic sustainability and firm success within the real estate sector. Specifically, it aims to assess how strategic sustainability factors, notably business strategy and management, influence sustainability performance. By exploring this uncharted territory, the study seeks to provide insights into the role of strategic sustainability in enhancing an intangible value in terms of sustainability performance. Through quantitative data gathered from the Latvian real estate industry, the research study demonstrates that greater emphasis on business strategy efforts and activities is positively associated with improved sustainability performance. Moreover, it establishes a correlation between enhanced management practices and higher sustainability performance. Ultimately, this research contributes to our understanding of how strategic sustainability can drive the long-term sustainability and success of real estate businesses, benefitting regions, nations, and the global community.

Suggested Citation

  • Sanchaniya Rashmi Jaymin & Geipele Ineta, 2024. "Impact of Strategical Sustainability on Real Estate Industry’s Sustainability Performance," Foundations of Management, Sciendo, vol. 16(1), pages 59-66, January.
    • Handle: RePEc:vrs:founma:v:16:y:2024:i:1:p:59-66:n:4
    DOI: 10.2478/fman-2024-0004
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    More about this item

    Keywords

    strategic sustainability; construction management; real estate industry; business strategy;
    All these keywords.

    JEL classification:

    • C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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