| Author: | Wang, Yixin |
| Title: | What determines the profitability of the property management companies? A study of Chinese property management companies listed in Hong Kong |
| Degree: | D.B.A. |
| Year: | 2025 |
| Subject: | Real estate management -- China -- Hong Kong Profit Organizational effectiveness Hong Kong Polytechnic University -- Dissertations |
| Department: | Faculty of Business |
| Pages: | 1 volume (unpaged) : illustrations |
| Language: | English |
| Abstract: | Corporate profitability and an enterprise’s worth are indicators of a company’s monetary condition and market standing. Profits means generating more earnings than your costs and fees. Profits can show if a company is doing well, which means the company is doing fine and profitable. This metric shows how well a business uses their available resources to make money and attract others who want to invest and get capital for growing in the future. Conversely, enterprise value is the overall worth of a firm, which consists of market value, debt obligation, and cash reserves. This is an evaluation of a firm's total market worth. Profitability and enterprise value both measure the present financial condition of a business and offer direction for strategic choices. These numbers have an impact on all sorts of different things, everything from how you choose investments, to what your competition is likely to do in the marketplace. Profitability at higher levels and firm values that are solid are needed for the company’s development, new developments, and better returns for shareholders. So it plays a vital part in the economical development of the industry and the country. In previous studies, the focus was mainly on how the factors affecting corporate. It selects a sample of property management companies listed in Hong Kong from 2013 to 2024, using panel data from annual reports. It is noted that data prior to 2019 is relatively limited, and later years form the main empirical base. Based on an empirical dataset primarily covering the years 2019 to 2023, this study finds that profitability among Hong Kong-listed property management companies is significantly influenced by the scale of managed area and the magnitude of property service income. While expanding management scope and revenue contributes positively to financial performance, the benefit exhibits signs of tapering beyond certain thresholds. These findings underscore the importance of strategic expansion and operational efficiency, providing new insights into how scale effects operate in a service-intensive industry. The results also carry managerial implications for balancing growth with resource allocation, and contribute to the broader understanding of firm performance dynamics in the post-real-estate-boom context. |
| Rights: | All rights reserved |
| Access: | restricted access |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| 8766.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 735.02 kB | Adobe PDF | View/Open |
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