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Journal articles (2001), Les Cahiers du G.R.A.T.I.C.E., pp. 167-190

A Dynamic Perspective on Valuing Corporate Real Estate Strategies: From Shareholder Value Management to Stakeholder Management

This paper explores the link between corporate real estate strategies and shareholder value management (SMV). SVM forces corporations to increase their profitability through more effective management of their real estate as a major part of overall asset management. However, this necessitates evaluating real estate performance impact on an on-going basis, using a system dynamics approach that treats the interactions of real estate, beyond shareholder value, with the external environment (property market and customer perspective) and with the overall operations of the firm (process and employee perspective).

GEHRKE, I. and NAPPI-CHOULET, I. (2001). A Dynamic Perspective on Valuing Corporate Real Estate Strategies: From Shareholder Value Management to Stakeholder Management. Les Cahiers du G.R.A.T.I.C.E. pp. 167-190.