DETERMINANTS OF PROFITABILITY OF REAL ESTATE COMPANIES: FGLS APPROACH EMPLOYED-Reference-Cited by-同舟云学术

DETERMINANTS OF PROFITABILITY OF REAL ESTATE COMPANIES: FGLS APPROACH EMPLOYED

Published:2022-09-12 Issue:3 Volume: Page:113-122
ISSN:2789-4401
Container-title:Central Asian Economic Review
language:
Short-container-title:jour

Author:

Faizulayev A.¹^ORCID,Rekemubieke A.¹,Capar N.¹

Affiliation:

1. KIMEP University

Abstract

The purpose of this research: The aim of this scientific work is empirically investigate the firm specific and macroeconomic factors that influence the financial performance of real estate companies in the US and UK.Originality / value of the research: The contribution of this empirical work is twofold. First of all, it is the first study where specific and macroeconomic variables are used to determine profitability of the real estate companies in US and UK, after global financial crisis period. Secondly, up to our best knowledge there is no study that employed political stability variable to determine profitability.Methodology: To empirically investigate the relationship between the dependent and independent variables, we conducted regression analysis. To correct for autocorrelation and heteroscedasticity, feasible generalized least square (FGLS) model is employed.Findings: Capital adequacy and capital structure, as well as management efficiency and corporate tax rate, were found to have a strong and significant impact on the financial performance of the real estate companies.

Publisher

Narxoz University - Non-profit joint stock company

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