Measuring productivity growth of Malaysian Real Estate Investment Trusts

Chuweni, Nor Nazihah & Eves, Chris (2016) Measuring productivity growth of Malaysian Real Estate Investment Trusts. In 8th International Real Estate Research Symposium (IRERS 2016), 26-28 April 2016, Putra World Trade Centre, Kuala Lumpur, Malaysia. (Unpublished)

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Abstract

The paper examined productivity changes for the Malaysian Real Estate Investment Trust (M-REITs) using a non-parametric approach of Malmquist Productivity Index (MPI) of Data Envelopment Analysis (MPI-DEA). Data was attained from M-REIT annual reports, Thomson Reuters Datastream and Osiris via Bureau Van Dijk for 2010-2014. The non-parametric approach of MPI-DEA examined the Total Factor Productivity Change (TFPCH), Technological Change (TECHCH), Efficiency Change (EFFCH), Pure Technical Efficiency Change (PEFFCH) and Scale Efficiency Change (SECH) indices. The result suggested Malaysian REIT have exhibited productivity regress except for the year 2013-2014. The decomposition of the productivity change index suggests that Malaysian REIT productivity were mainly due to efficiency change rather than technological change. The authors also examine the productivity progress or regress of different REIT characteristics. The findings suggested that for both Malaysian conventional and Islamic REITs’ productivity growth are mainly due to efficiency change.

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ID Code: 95650
Item Type: Conference Item (Poster)
Refereed: No
Additional Information: Silver Award for Poster Presentation
Additional URLs:
Keywords: Malmquist Productivity Index, Malaysian REIT, Total Factor Productivity, Efficiency and Productivity, Data Envelopment Analysis
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2016 [please consult the authors]
Deposited On: 23 May 2016 04:52
Last Modified: 23 May 2016 05:04

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