What is it about?
This study aims to identify a set of external organisational environments that have different degrees of impact on property development firms in Hong Kong. Organisational environments were operationalised into 40 independent variables. Exploratory factor analysis was used to simplify the correlations among variables by identifying a smaller number of shared factors that accounted for the observed correlations.
Why is it important?
This study identified six major environmental factors, namely, (1) property market environment, (2) property development environment, (3) general political and economic environment, (4) property price environment, (5) general property development industry environment and (6) residual environment. If the property development process is viewed as an input–transformation–output open system, Factor 2 significantly affected the transformation process, Factors 3 and 5 affected both the transformation process and its final output, and Factors 1 and 4 affected the final output. Other factors did not appear to be significant.
The following have contributed to this page: Dr Paul HK Ho
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