Housing Market in the Time of Pandemic: A Price Gradient Analysis from the COVID-19 Epicentre in China

Journal of risk and financial management, Journal Year: 2021, Volume and Issue: 14(3), P. 108 - 108

Published: March 5, 2021

While the outbreak of COVID-19 disease has caused asset markets to experience an unprecedented spike risk and uncertainty worldwide, real estate market in many global cities appears be immune adverse effects. How does affect urban housing markets? This study is a first attempt identify pandemic’s impact on house prices by applying price gradient analysis epicentre China. Considering microlevel transaction data 62 areas from nine districts Wuhan City January 2019 July 2020, hedonic pricing models suggest that there was, respectively, 4.8% 5.0–7.0% year-on-year fall immediately after pandemic outbreak. Although rebounded lockdown period, show gradients were flattened peripherals. The premiums high-density also substantially discounted city’s lockdown. Our findings are robust different model specifications. implication associated with localised transitory nature. People may able internalise residing low-density residential areas.

Language: Английский

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Business innovation and critical success factors in the era of digital transformation and turbulent times

Journal of Entrepreneurship Management and Innovation, Journal Year: 2021, Volume and Issue: 17(4), P. 7 - 28

Published: Jan. 1, 2021

PURPOSE: Explore what entrepreneurship and success factors can help drive business to resilience stability achieve competitive advantage through innovation in different countries realities the era of digital transformation turbulent times. METHODOLOGY: Based on narrative literature review, we present research findings concerning new strategies outlooks for times many unknowns. Each organization wants find its way gain create unique model, which capture value creation innovativeness be more adaptive, resilient, stable critical moments sustainable over time. FINDINGS: The articles presented this issue explore essential organizations environments these businesses function. IMPLICATIONS FOR THEORY AND PRACTICE: This article synthesizes field’s importance relevance, connecting theoretical background with practical research. Recommendations implications future trends stream might also helpful professionals academicians. ORIGINALITY VALUE: novel studies were done five (developing developed) sectors that human-based non-human-based as crucial needed empower a complex world. group elements is success, their components are interdependent. We need look at interactions interdependencies dynamic network form cannot simplify reality, focusing only one ignoring other. These provide valuable outlook establish dynamic, adaptive pathways towards resilient organizational propose paths execute structural changes businesses.

Language: Английский

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Consolidation strategies of small family firms in Poland during Covid-19 crisis

Entrepreneurial Business and Economics Review, Journal Year: 2021, Volume and Issue: 9(2), P. 167 - 182

Published: Jan. 1, 2021

Objective: The objective of the article is to contribute research into family businesses by understanding how small are responding and adapting Covid-19 crisis. Research Design & Methods: method based on a comparative analysis case studies. To investigate impact in Poland, we conducted exploratory studies 12 entities, 29 partially structured interviews with managers these companies. Findings: sudden spread pandemic around world took many lives caused severe restrictions social private life, including business sector. While almost every firm has been affected crisis, businesses, dominated particularly vulnerable it. Our findings show that crisis affects all companies presents completely new challenge so far had no precedent. Small not prepared for prolonged state uncertainty tension threatening continuity their operations, which endangers financial stability employee maintenance. In firms cannot refer previous experience or developed methods patterns operation. Implications Recommendations: must quickly adapt operations changing conditions, regardless size industry they operate. causes changes approach running life. Contribution Value Added: According our knowledge, this first empirical study Poland businesses.

Language: Английский

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The COVID-19 Pandemic, Airbnb and Housing Market Dynamics in Warsaw

Critical Housing Analysis, Journal Year: 2021, Volume and Issue: 8(1), P. 72 - 84

Published: June 1, 2021

In this study, we analyse the impact of COVID-19 on house rents and prices in Warsaw, capital Poland. Hedonic indexes indicate a slight increase (ca. 1.2%) substantial drop long-term -7.7%) between March 2020 December 2020. The largest decline occurred centrally located neighbourhoods, which was largely due to inflow new housing supply from short-term rental market (the Airbnb Warsaw shrank by almost 30% y/y). Using hedonic methods, show effect shrinking rents. study indicates elasticity with respect supply, 1% change listings leading 0.031%

Language: Английский

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Identity crisis of artists during the Covid-19 pandemic and shift towards entrepreneurship

Entrepreneurial Business and Economics Review, Journal Year: 2021, Volume and Issue: 9(3), P. 87 - 102

Published: Jan. 1, 2021

Objective: The objective of the article is to understand changes in artists' identity facing global obstacle caused by Covid-19 pandemic and impact crisis into shift towards entrepreneurial behaviours. Creative individuals seems be perfect examples adjustments changing environment. Research Design & Methods: qualitative research was conducted form in-depth interviews with key informants (artists different experiences from countries cultures) auto-ethnography. Findings: a artist's identity. Individuals complex identities deal better than sole individuals. Artists-entrepreneurs are increasingly looking for new forms activity during crisis. Artistry-Creativity-Entrepreneurship Matrix which allow shifts among one fractional case Implications Recommendations: results can used by: (entrepreneurs, managers, artists) having complex/mixed understanding situation its possibilities flowing layers human personality underlining creativity; 2) business types customers and/or wanting more market participants. Contribution Value Added: describes unexplored areas artistry creative entrepreneurs. Distinction between creativity marked here clearly. application theory aesthetics field artistic as basis analysis phenomenon creativity, opens up potential  

Language: Английский

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Did the COVID-19 Pandemic Crisis Affect Housing Prices Evenly in the U.S.?

Sustainability, Journal Year: 2021, Volume and Issue: 13(21), P. 12277 - 12277

Published: Nov. 7, 2021

While it is well-known that housing prices generally increased in the United States (U.S.) during COVID-19 pandemic crisis, to best of our knowledge, there has been no research conducted understand spatial patterns and heterogeneity price changes U.S. real estate market crisis. There less attention on consequences this pandemic, terms distribution The objective study was explore heterogeneous change rates across different areas pandemic. We calculated global Moran’s I, Anselin’s local Getis-Ord’s Gi∗ statistics 2856 counties. following two major findings were obtained: (1) influence crisis varied space not only differed from metropolitan rural areas, but also one area another. (2) It seems made Americans more cautious about buying property densely populated urban downtowns had higher levels virus infection; therefore, found year 2020–2021, hot spots typically located affordable suburbs, smaller cities, away high-cost, high-density downtowns. This may be helpful for understanding relationship between market, as well human behaviors response

Language: Английский

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Sustainable Construction Investment, Real Estate Development, and COVID-19: A Review of Literature in the Field

Sustainability, Journal Year: 2021, Volume and Issue: 13(13), P. 7420 - 7420

Published: July 2, 2021

Aspects of sustainable construction investment and real estate development (CIRED) their interrelations during the period pre-, intra-, post-COVID-19, are presented in research. Applications topic model, environmental psychology theory, building life cycle method, certain elements bibliometrics, webometrics, article level metrics, altmetrics, scientometrics make it possible to perform a quantitative analysis on CIRED. The CIRED model was developed seven steps. This paper aims present literature review throughout pandemic look at responses from sector. sector is field that appears be rapidly expanding, judging volume current research papers. focuses last year’s leading peer-reviewed journals. A combination various keywords applied for criteria selections included investment, development, civil engineering, COVID-19, sustainability, as well residential, industrial, commercial, land, special purpose estate, along with risks, strategies, trends. articles reviewed this paper, which analyzes three hypotheses, post-pandemic hypotheses were validated by analyzing scientific publications around world. Two innovative study stand out among most advanced first two innovations integrated COVID-19 pandemic, COVID-19-related national policies, business strategies relevant interests investors impact policy spread COVID-19. In addition, demonstrates marked increase effectiveness analysis, when CIRED, involved stakeholders own individual interests, situation, external micro-, meso-, macro-environments covered comprehensively single entity.

Language: Английский

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The private rental housing market before and during the COVID-19 pandemic: A submarket analysis in Cracow, Poland

Environment and Planning B Urban Analytics and City Science, Journal Year: 2022, Volume and Issue: 49(6), P. 1646 - 1662

Published: Jan. 4, 2022

How the COVID-19 pandemic has altered segmentation of residential rental markets is largely unknown. We therefore assessed housing submarkets before and during in Cracow, Poland. used geographically temporally weighted regression to investigate marginal prices attributes over space–time. The were further reduced a few principal components per time period spatially clustered identify submarkets. Finally, we applied adjusted Rand index evaluate spatiotemporal stability results revealed that outbreak significantly lowered rents modified relevance some characteristics for prices. Proximity university was no longer among amenities pandemic. Similarly, virus diminished effect unit’s proximity city center. market partitioning showed number Cracow’s increased as result pandemic, it enhanced spatial variation covariates. Our findings suggest emergence coronavirus reshaped three ways: Rents decreased, underlying price-determining factors changed, submarket structure altered.

Language: Английский

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The impact of COVID-19 on the service business industry: insights from a bibliometric review

Total Quality Management & Business Excellence, Journal Year: 2022, Volume and Issue: 34(5-6), P. 580 - 614

Published: May 26, 2022

This paper aims to help practitioners and researchers understand the impact of COVID-19 on service business industry through bibliometric analysis. For this purpose, our study collects 671 publications from Web Science Scopus. The choices in rely two techniques: performance analysis science mapping. is organized by contribution research constituents. mapping uncovers cooperative network between constituents, as well co-occurrence keywords. further explores topic with content summarize some findings discussions. We find that most industries have been negatively affected COVID-19, especially aviation tourism industry. Information technology services are a response driver negative pandemic impact. Given current status industry, finally concludes potential directions for future research.

Language: Английский

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Dynamic indexing and clustering of government strategies to mitigate Covid-19

Entrepreneurial Business and Economics Review, Journal Year: 2021, Volume and Issue: 9(2), P. 7 - 20

Published: Jan. 1, 2021

Objective: The objective of the article is to identify reference group countries with similar Covid strategies and other groups their performance success, construct a composite Mitigation Index for comparative purposes, thus, implying how redesign strategic policies. Research Design & Methods: Gaussian Mixture Modelling Factor Analysis: main design quantitative, using find optimal number country clusters, Analysis Principal Axis Factoring (FA-PAF) build index governmental Data includes eight mitigation policy variables three supporting economic variables. are aggregated form periods cluster changes identified by Modelling. Then, (CMI) constructed FA-PAF obtain measure over clusters. results were obtained means R studio SPSS. Findings: dynamic clustering leads decreasing clusters from nine in first period (Janunary-February 2020), four second (March-April two third (May-June 2020). In period, China (with CMI=48) took serious actions forming its own cluster, while 11 CMI>10), e.g., early affected European such as Italy Spain large Asian India Indonesia, moderate actions. all averages greater than China's i.e., most world dedicated fight Covid-19. Europe, Italy, San Marino France showed highest CMI values, similarly Iraq Palestine Middle East, Peru Honduras Latin America, China, Indonesia Asia. even tighter policies though 42 had lower values previously. Implications Recommendations: approach provided big picture decision makers both business governments. key idea was reveal which help actors adapt time learning experience better performing It suggested that multi-criteria accounting individual government's preferences health economy used along presented approach. Contribution Value Added: Clustering Models factor analysis based on composite-index building used. methods well-established, but they applied novel way dynamically CMI. built factors structure development polices cycle Covid-19 pandemic described.

Language: Английский

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