Publicação
Cultural effects on real estate market: an explanation of urbanization
| Resumo: | This study investigates the Theory of Man in Consumer Behavior and Hofstede Cultural dimensions by providing deeper understanding of consumers‟ attitudes towards investment in real estate market to explain nowadays´ urbanization in different countries. After breaking down the Real estate market and RE investment process, the predictors are selected from Economic Activities, Real Estate Market, Risk and Limitation and Cultural Factors to explain the Urbanization phenomenon to reach the purpose of this paper. The result after conducting the Stepwise Regression shows there is connection among them. Together with „Real Estate Performance‟, represented by Rent Index and Property Right Index, „Cultural Index‟, represented by Uncertainty Avoidance Index and Indulgence Index, as well as other two factors from Consumer Behavior Theory- the Theory of Man are statistically significant for Urbanization. |
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| Autores principais: | Ling Wang |
| Assunto: | Real estate Investment Cultural Differences Urbanization Comportamento do consumidor Diferença cultural Investimento imobiliário Mudança de comportamento Evolução urbana |
| Ano: | 2016 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | ISCTE |
| Idioma: | português |
| Origem: | Repositório ISCTE |
| Resumo: | This study investigates the Theory of Man in Consumer Behavior and Hofstede Cultural dimensions by providing deeper understanding of consumers‟ attitudes towards investment in real estate market to explain nowadays´ urbanization in different countries. After breaking down the Real estate market and RE investment process, the predictors are selected from Economic Activities, Real Estate Market, Risk and Limitation and Cultural Factors to explain the Urbanization phenomenon to reach the purpose of this paper. The result after conducting the Stepwise Regression shows there is connection among them. Together with „Real Estate Performance‟, represented by Rent Index and Property Right Index, „Cultural Index‟, represented by Uncertainty Avoidance Index and Indulgence Index, as well as other two factors from Consumer Behavior Theory- the Theory of Man are statistically significant for Urbanization. |
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