Data envelopment analysis of efficiency of real estate investment trusts in Singapore

Data envelopment analysis of efficiency of real estate investment trusts in Singapore

In this study, we employ data envelopment analysis to assess the technical efficiency andperformance of real estate investment trusts (REITs) in Singapore, for the years 2009 through 2013. We apply the Malmquist Productivity Index to express the productivity change of the REITs over time. We find th...

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Main Author: Mohamad, Azhar
Format: Article
Language:English
Published: Emerald 2017
Subjects:
HG Finance
HG4501 Stocks, investment, speculation
Online Access:http://irep.iium.edu.my/59707/
http://irep.iium.edu.my/59707/
http://irep.iium.edu.my/59707/
http://irep.iium.edu.my/59707/7/59707_Data%20envelopment%20analysis.pdf
id iium-59707
recordtype eprints
spelling iium-597072018-03-20T01:27:53Z http://irep.iium.edu.my/59707/ Data envelopment analysis of efficiency of real estate investment trusts in Singapore Mohamad, Azhar HG Finance HG4501 Stocks, investment, speculation In this study, we employ data envelopment analysis to assess the technical efficiency andperformance of real estate investment trusts (REITs) in Singapore, for the years 2009 through 2013. We apply the Malmquist Productivity Index to express the productivity change of the REITs over time. We find that whilst most REITs have experienced efficiency improvements, there has been little productivity growth at the frontier during the study period. The finding indicates that it is possible to improve the performance of the REITs by further improving technological efficiency, since technological regress has been the main reason for the poor productivity growth of the REITs in Singapore. Emerald 2017-11-22 Article PeerReviewed application/pdf en http://irep.iium.edu.my/59707/7/59707_Data%20envelopment%20analysis.pdf Mohamad, Azhar (2017) Data envelopment analysis of efficiency of real estate investment trusts in Singapore. International Journal of Law and Management, 59 (6). pp. 826-838. ISSN 1754-243X E-ISSN 1754-2448 http://www.emeraldinsight.com/doi/pdfplus/10.1108/IJLMA-06-2016-0058 https://doi.org/10.1108/IJLMA-06-2016-0058
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG Finance
HG4501 Stocks, investment, speculation
spellingShingle HG Finance
HG4501 Stocks, investment, speculation
Mohamad, Azhar
Data envelopment analysis of efficiency of real estate investment trusts in Singapore
description In this study, we employ data envelopment analysis to assess the technical efficiency andperformance of real estate investment trusts (REITs) in Singapore, for the years 2009 through 2013. We apply the Malmquist Productivity Index to express the productivity change of the REITs over time. We find that whilst most REITs have experienced efficiency improvements, there has been little productivity growth at the frontier during the study period. The finding indicates that it is possible to improve the performance of the REITs by further improving technological efficiency, since technological regress has been the main reason for the poor productivity growth of the REITs in Singapore.
format Article
author Mohamad, Azhar
author_facet Mohamad, Azhar
author_sort Mohamad, Azhar
title Data envelopment analysis of efficiency of real estate investment trusts in Singapore
title_short Data envelopment analysis of efficiency of real estate investment trusts in Singapore
title_full Data envelopment analysis of efficiency of real estate investment trusts in Singapore
title_fullStr Data envelopment analysis of efficiency of real estate investment trusts in Singapore
title_full_unstemmed Data envelopment analysis of efficiency of real estate investment trusts in Singapore
title_sort data envelopment analysis of efficiency of real estate investment trusts in singapore
publisher Emerald
publishDate 2017
url http://irep.iium.edu.my/59707/
http://irep.iium.edu.my/59707/
http://irep.iium.edu.my/59707/
http://irep.iium.edu.my/59707/7/59707_Data%20envelopment%20analysis.pdf
first_indexed 2023-09-18T21:24:36Z
last_indexed 2023-09-18T21:24:36Z
_version_ 1777412107039408128

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