Abstract

While ESG management is attracting more attention throughout domestic and foreign industries, the development and sale of industrial knowledge industry center are recently active. This is due to the balloon effect and alternative investment resulting from the regulation of the housing market. Despite this trend, there is a limited number of studies on the Knowledge Industry Center’s ESG management characteristics and real estate value. This study verified the influence of ESG management characteristics on real estate value of the Knowledge Industry Center. The main results of this study are as follows. First, the environment of management characteristics such as size, location, and eco-friendliness have a positive (+) influence on the real estate value. Second, the social of management characteristics such as three-dimensional land use, price level, and auxiliary facilities have a positive (+) influence on the real estate value. Last but not least, the governance of management characteristics such as sales, public, and creations of jobs have a positive (+) influence on the real estate value. The CEO and stakeholders should plan, develop, sell, and manage the projects of Knowledge Industry Center with comprehensive considerations of ESG and CRE management.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call