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Dilemmas in Value Based Management in Real Estate Development Companies

Author

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  • Michał J. Kowalski
  • Janusz Nesterak

Abstract

The aim of this article is to analyse some aspects of Value Based Management in real estate development companies. The subject of this analysis will be the impact of the applied rules for income and expenses on the measurement of values. This analysis was carried out in order to make sure that these measurement methods would be consistent with the creation of values. This will ensure that measurement results can be used in management systems. The authors developed correction templates that can help to measure values using the residual income. This article discusses the simulation of measurement values and the proposed approach of the SPV (Special Purpose Vehicle/Entity) which carry out real-estate development projects.

Suggested Citation

  • Michał J. Kowalski & Janusz Nesterak, 2015. "Dilemmas in Value Based Management in Real Estate Development Companies," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 93, pages 49-54, September.
    • Handle: RePEc:kra:journl:y:2015:i:93:p:49-54
    DOI: 10.14659/worej.2015.93.07
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    File URL: http://swiatnieruchomosci.krakow.pl/pl/sklep/pojedyncze-artyku%C5%82y/2015/numer-93/artyku%C5%82-93-07
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    More about this item

    Keywords

    Value Based Management; value based controlling; real estate sector;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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