This paper focuses on dynamic financial modelling of recurring cash flow items in PPP projects inoperating stage and on risks associated with the volatility of these cash flows. As we concentrate onso-called government-pays schemes, only cash-outflows are considered, such as operating costs,...

Work from home or teleworking, continues to expand not least due to the COVID-19-crisis and poses challenges for employees and companies. In uncertain and dynamic times, organisations wonder what skills make employees successful when working from home and which measures support employees. By...

Although the application of capital market theory is questionable in real estate investment,many institutional investors still perform asset allocation with historic real estate data.Entrepreneurial investment analysis relies on a different information setting. To date it isunclear which...

In the market for German real estate finance at the end of 2001 a phenomenon could beidentified that shows significant parallels to the shortening of credit supply in the USmarket in the early nineties, called the credit crunch. There are two basic reasons thatexplain the withdrawal of mortgage...

The German real estate and construction industry is facing a transformation, triggered by fundamental changes in technology, the economy and society. The purpose of this paper is to explore how these changes exert pressure to adapt on existing business models, while also offering opportunities...

This paper focuses on dynamic financial modelling of recurring cash flow items in PPP projects in operating stage and on risks associated with the volatility of these cash flows. As we concentrate on so-called government-pays schemes, only cash-outflows are considered, such as operating costs,...

There is a gap in infrastructure financing in Europe. One action that can be taken to close the gap is to optimize public and corporate spending. For this, project risks need to be understood in their full complexity. However, heuristics and cognitive bias can lead decision makers to under- and...

Managing changing requirements and complexity is important in enhancing the success of real estate projects. Agile project management provides approaches for adapting processes and working methods accordingly. This study aims to identify the potentials and challenges of agile project management...

Purpose: This study aims at understanding academic practice in the field of physical office environment research and providing recommendations for further enhancement of the field. It shows which effects of the physical office environment on employee outcomes are studied by which disciplines,...

Purpose – The purpose of this paper is to apply a numerical simulation of stochastic processes to the problem of real estate investment appraisal. Design/methodology/approach – These uncertain operating costs are integrated into an enhanced dynamic simulation. To model the dynamics in the...