Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/taf/jpropr/v41y2024i3p228-250.html
   My bibliography  Save this article

Understanding the disruption-driven investment decision-making strategy of listed property trusts in New Zealand

Author

Listed:
  • Muhammed Bolomope
  • Abdul Rasheed Amidu
  • Deborah Levy
  • Olga Filippova
Abstract
Property investors operate in environments characterised by market disruptions, which necessitate their adaptation to changing market environments as they make investment decisions. Although several conceptual models have been proposed to explain property investment decision-making, little is known about how property investors make adaptive decisions amidst market disruptions. By leveraging the tenets of institutionalism to frame this study theoretically, the formal and informal rules that guide the conduct of Listed Property Trusts (LPTs) amidst market disruptions were evaluated in two stages. The first stage involved an extensive review of LPTs’ annual reports for content that described how they have responded to disruptions over an extended period. Consequently, the content analysis provided the basis for in-depth interviews with decision-makers across LPTs to shed light on the disruption-driven investment decision-making strategies of their respective organisations. The research outcome reveals that the adaptive response of LPTs to disruptions involves rational and intuitive components, with decision-makers switching between rational and intuitive reasoning. This study makes original empirical and theoretical contributions to the property investment literature by not only providing insights that can enable and empower property investors to optimise their decision-making amidst disruption, but by also raising psychological issues that may occur in the process.

Suggested Citation

  • Muhammed Bolomope & Abdul Rasheed Amidu & Deborah Levy & Olga Filippova, 2024. "Understanding the disruption-driven investment decision-making strategy of listed property trusts in New Zealand," Journal of Property Research, Taylor & Francis Journals, vol. 41(3), pages 228-250, July.
    • Handle: RePEc:taf:jpropr:v:41:y:2024:i:3:p:228-250
    DOI: 10.1080/09599916.2024.2321363
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09599916.2024.2321363
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09599916.2024.2321363?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jpropr:v:41:y:2024:i:3:p:228-250. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJPR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.