Academic journals as related to Property research

The following are some academic journals as related to the field of study in Property:

1. Journal of Financial Management of Property and Construction (published by Emerald)
2. Journal of Property Finance (published by Emerald)
3. Journal of Property Research (published by Routledge)
4. Journal of Property Invesment & Finance (published by Emerald)
5. Journal of Property Valuation and Investment (published by Emerald)
6. Property Management (published by Emerald)

Marketing communications - some resources

The following are some resources on the subject of Marketing Communications:

1. Internet videos:
• Scope: http://www.youtube.com/watch?v=D02cX45FNsg&feature=related
• Forms: http://www.youtube.com/watch?v=1y-pB3i6GJU&feature=relmfu
• Role: http://www.youtube.com/watch?v=vmayjK4RdQA&feature=relmfu
2. References:
• Kitchen, P., Pelsmacker, P. de, Eagle, L and Schultz, D.E. (editors) (2005) A Reader in Marketing Communications, Routledge.
• Blythe, J. (2006) Essentials of Marketing Communications, Prentice Hall
• Plesmacker, P.D., Geuens, M. and Bergh, J.V. d. (2005) Foundations of Marketing Communications, Prentice Hall.

Critical Success Factors in Strategic Management study

Some students in Strategic Financial Management class ask me information on the notion of Critical Success Factors (CSFs). Based on my google search, I identify the following 2 links:

1. http://en.wikipedia.org/wiki/Critical_success_factor
2. http://www.clintburdett.com/process/08_synthesis/synthesis_02_csf.htm

The following handwritten note is mainly based on Williams and Ramaprasad (1996):

Major attributes of CSFs

• Types of criticality: causal mechanism, necessary and sufficient, necessary, & associated
• Standing, instigating
• Direct, indirect
• Enhanced, inhibiting

There are also academic references on CSFs. Examples are as follows:

1. Williams, J.J. and Ramaprasad, A. (1996) "A taxonomy of critical success factors" European Journal of Information Systems 5, pp. 250-260.
2. Avcikurt, C., Altay, H. and Ilban, M.O. "Critical Success Factors for Small Hotel Businesses in Turkey: An Exploratory Study" Cornell Hospitality Quarterly 52(2), pp. 153-164.

Socio-technical systems dynamics

The following discussion items were noted from Geels and Kemp (2007) on socio-technical systems dynamics:

1. Systems at the sectoral level are socio-technical systems, comprising a cluster of elements, e,g, technology, science, regulation, user practices, markets, cultural meaning, infrastructure, production and supply networks. These elements are managed by supply-side actors and demand-side actors.
2. The socio-technical systems can be examined with three inter-related analytic dimensions:
• Socio-technical systemss
• Socio-technical regime (rules):  the cognitive routines that  are shared in a community of engineers, which guide their R&D activities
• Actors and social groups embedded  in networks
3. Niches are important as the locus of radical innovations around which new systems may develop. Niches may be viewed as a micro-level phenomenon, interacting with the established regimes at the meso-level, within a macro-landscape.
4. The macro-level is formed by the sociotechnical landscape, which refers to aspects  of the exogenous environment beyond actors' direct influence.
5. System innovations, from the multi-level perspective, come about through the interplay between processes at different levels in different phases.

A simplified diagram on the key concepts in a dynamic mult-level perspective on system innovation:

You need to study Geels and Kemp (2007) for a detailed exposition of their ideas. This conceptual model is relevant to the subject of Research in IT (NCC).


References

1. Geels, F.W. and Kemp, R. (2007) "Dynamics in socio-technical systems: Typology of change processes and contrasting case studies" Technolog in Society 29, pp. 441-455.
2. Related article (pdf) on socio-technical systems: article 1: http://www2.sa.unibo.it/summer/testi/17_verganti/Geels2004.pdf; article 2: http://www.azc.uam.mx/socialesyhumanidades/06/departamentos/relaciones/Pdf.%20De%20curso%20de%20MESO/Malerba2002-Sistemas%20sectoriales.pdf

Discussion on Corporate Reporting regulation: a brief note

Based on Leuz (2010), I note the following ideas and concerns as related to the topic of Corporate Reporting Regulation:

1. Different approaches to reporting regulation and corporate reporting system design choices
• Why do we regulate?
• Benefit 1: the existence of externalities
• Benefit 2: market-wide cost savings from regulation
• Benefit 3: Insufficient private sanctions
• Benefit 4: dead-weight costs from fraud and agency conflicts that could be mitigated by disclosure
• Cost of reporting regulation: enforcement cost
• Who do we regulate and what is the reporting regulation goal?
• Who: publicly traded firms, private limited companies?
• Goal:
• Provide disclosure to individual investors; these days: a large fraction of households' stock ownership has migrated to financial intermediaries.
• To protect small and unsophisticated individual investors against better informed insiders & promoters.
• To protect creditors by restricting dividends and other payments to residual claimants.
• To preserve the stability of the financial system and investors' confidence in financial markets.
• Who should regulate and at what levels?
• Who: Private reporting regimes and private standard-setters vs public regulators
• At what levels: creation of reporting regimes at the exchange, state, country or supranational level
• What information should be reported and how much discretion do firms have?
• How are the rules enforced?
2. Independencies among regulatory choices
• Interdependencies between reporting rules and enforcement
• Idea of institutional complementarities

I refer you to Leuz (2010) for a detailed discussion of the ideas noted here.


Reference
Leuz, C. (2010) "Different approaches to corporate reporting regulation: how jurisdictions difer and why", Accounting and Business Research  40(3), pp. 229-256.