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Determining the factors influencing efficiency of property industry with Tobit model


Abdullah, Muhammad Ridhuan Bos and Maamor, Selamah and Abdul Karim, Mohd Zaini (2018) Determining the factors influencing efficiency of property industry with Tobit model. In: Seminar Kebangsaan Transformasi Sosio-Ekonomi Wilayah Utara ke-3, 02 -03 Ogos 2018, Hotel Casuarina@Meru, Ipoh, Perak Darul Ridzuan..

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Abstract

This study is to analyse the factors that influence efficiency of Malaysian real estate industry by focusing on real estate firms in Malaysia.As for the first step, we analyze the efficiency in the real estate industry by estimating three different types of efficiency utilizing a modern frontier efficiency methodology named data envelopment analysis (DEA).Meanwhile Tobit Model employed in the second step to analyse the factors that influence efficiency found in first step.The data employed in this research is from 67 real estate firms listed in the Kuala Lumpur Stock Exchange (BSKL) in 2012.The results indicate that the highest average efficiency score is 0.70 which is being achieved by 23 firms or 34% of the listed firms operate at the efficient level. Regression result shows that profit, market share, and foreign share influence the efficiency of the real estate firm positively, meanwhile the cost affect the efficiency negatively as predicted.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN 978-967-0910-89-5 Anjuran: Pusat Penyelidikan Koridor Utara Universiti Utara Malaysia Anjuran Bersama: Universiti Sulatan Azlan Shah (USAS), Universiti Pendidikan Sultan Idris (UPSI) Institut Darul Ridzuan (IDR) serta Asia Pacific University- Community Engagement Network (APUCEN) dan Movie Animation Park Studio (MAPS)
Uncontrolled Keywords: efficiency, real estate, data envelopment analysis, Tobit Model
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 27 Aug 2018 00:33
Last Modified: 27 Aug 2018 00:33
URI: http://repo.uum.edu.my/id/eprint/24689

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