scholarly journals Organizational foundings, disbandings, and the COVID-19 pandemic

2021 ◽  
Vol 34 (2) ◽  
pp. 337-350
Author(s):  
Miraç Savaş Turhan ◽  
Yakup Ari
Keyword(s):  
Price Index ◽  
Theoretical Perspective ◽  
House Price ◽  
Time Interval ◽  
Construction Sector ◽  
Business Economics ◽  
House Price Index ◽  
Future Studies ◽  
Dummy Variable ◽  
Organizational Theories

Purpose: The present study aims to understand the effect of the macro-level economic phenomena observed within a specific time interval on the founding (birth) and disbanding (deaths) of organizations in the construction sector of Turkey that has been growing steadily for many years. In addition, the effects of the COVID-19 pandemic were also taken into consideration. Methodology: The construction sector in Turkey was analyzed within the framework of the theoretical infrastructure of organizational ecology, i.e. a theoretical perspective that has not received enough attention, except in North America, as an organizational community, while joint-stock, limited, and cooperative companies were also analyzed as organizational populations. Focusing on the period between January 2017 and December 2020, a number of foundings and disbandings of joint-stock, limited and cooperative companies operating in the construction sector, the house price index and house sales statistics, which are thought to affect these rates, were used as data. Additionally, the COVID-19 pandemic period between March 2020 and December 2020 was included in the analysis as a dummy variable. The ARDL bounds test was used for data analysis. Results: The findings indicate differentiated effects of the house price index, house sales statistics, and the COVID-19 period on both the organizational community of the construction sector and the aforementioned populations. Conclusion: The results, which are expected to contribute to business economics and organizational theories, studies on the construction sector, knowledge of the evaluation of socioeconomic effects of the COVID-19 pandemic and future studies, were obtained in the study.

A New Dynamic House-Price Index

2019 ◽  
Author(s):  
Richard H. Stanton ◽  
Chris Strickland ◽  
Nancy E. Wallace
Keyword(s):  
Price Index ◽  
House Price ◽  
House Price Index

WHAT DRIVES HOUSE PRICE IN MALAYSIA? IN SEARCH OF AN ALTERNATIVE PRICING BENCHMARK FOR ISLAMIC HOME FINANCING

2017 ◽  
Vol 15 (4) ◽  
Author(s):  
Salina Hj Kassim ◽  
Nur Harena Redzuan ◽  
Nor Zalina Harun
Keyword(s):  
Interest Rate ◽  
Price Index ◽  
House Price ◽  
Holistic Approach ◽  
Housing Demand ◽  
House Price Index ◽  
Distributed Lag ◽  
Market Interest Rate ◽  
Auto Regressive ◽  
Conventional Banks

The current practise of the Islamic banks to rely on market interest rate as pricing benchmark for their home financing products has been a subject of intense debate among many parties. Muslim scholars have warned that it is highly discouraged as it could lead to a possible convergence between the practices of the Islamic and conventional banks. This paper intends to address the financing issues in the discussion of human settlement or housing policy by presenting the determinants for house price index as well as looking into the possibility of adopting the House Price Index (HPI) to replace the market interest rate as a pricing benchmark for the Islamic home financing. The study applies Auto-Regressive Distributed Lag (ARDL) method on a model comprising HPI as the dependent variable and a set of independent variables consisting of economic, housing demand and housing supply factors. The findings lead to the formulation of recommendations as a way forward for the Islamic banking industry in particular, and the economy in general. This will require a paradigm shift from basic financing products to a more holistic approach which integrates supply of housing factors, as well as urban planning and urban finance, with human rights and recognizes the need to place and shelter people.

House price index (HPI) and Covid-19 pandemic shocks: evidence from Turkey and Kazakhstan

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yeşim Aliefendioğlu ◽  
Harun Tanrivermis ◽  
Monsurat Ayojimi Salami
Keyword(s):  
Real Estate ◽  
Price Index ◽  
Housing Prices ◽  
House Price ◽  
Monthly Basis ◽  
Data Set ◽  
House Price Index ◽  
Content Type ◽  
Asymmetric Pricing ◽  
Long Run

Purpose This paper aims to investigate asymmetric pricing behaviour and impact of coronavirus (Covid-19) pandemic shocks on house price index (HPI) of Turkey and Kazakhstan. Design/methodology/approach Monthly HPIs and consumer price index (CPI) data ranges from 2010M1 to 2020M5 are used. This study uses a nonlinear autoregressive distributed lag model for empirical analysis. Findings The findings of this study reveal that the Covid-19 pandemic exerted both long-run and short-run asymmetric relationship on HPI of Turkey while in Kazakhstan, the long-run impact of Covid-19 pandemic shock is symmetrical long-run positive effect is similar in both HPI markets. Research limitations/implications The main limitations of this study are the study scope and data set due to data constraint. Several other macroeconomic variables may affect housing prices; however, variables used in this study satisfy the focus of this study in the presence of data constraint. HPI and CPI variables were made available on monthly basis for a considerably longer period which guaranteed the ranges of data set used in this study. Practical implications Despite the limitation, this study provides necessary information for authorities and prospective investors in HPI to make a sound investment decision. Originality/value This is the first study that rigorously and simultaneously examines the pricing behaviour of Turkey and Kazakhstan HPIs in relation to the Covid-19 pandemic shocks at the regional level. HPI of Kazakhstan is recognized in the global real estate transparency index but the study is rare. The study contributes to regional studies on housing price by bridging this gap in the real estate literature.

A house price index based on the SPAR method

2009 ◽  
Vol 18 (3) ◽  
pp. 214-223 ◽  
Author(s):  
Paul de Vries ◽  
Jan de Haan ◽  
Erna van der Wal ◽  
Gust Mariën
Keyword(s):  
Price Index ◽  
House Price ◽  
House Price Index

scholarly journals Developing a House Price Index for The Netherlands: A Practical Application of Weighted Repeat Sales

2007 ◽  
Vol 37 (2) ◽  
pp. 163-186 ◽  
Author(s):  
S. J. T. Jansen ◽  
P. de Vries ◽  
H. C. C. H. Coolen ◽  
C. J. M. Lamain ◽  
P. J. Boelhouwer
Keyword(s):  
The Netherlands ◽  
Price Index ◽  
House Price ◽  
Repeat Sales ◽  
Practical Application ◽  
House Price Index

A simple alternative house price index method

2006 ◽  
Vol 15 (1) ◽  
pp. 80-97 ◽  
Author(s):  
Steven C. Bourassa ◽  
Martin Hoesli ◽  
Jian Sun
Keyword(s):  
Price Index ◽  
House Price ◽  
Index Method ◽  
House Price Index ◽  
Simple Alternative
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