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Corporate Real Estate Management: A Survey of the Largest French Companies Regarding their Head Office Management Strategies. Ingrid Nappi-Choulet , Professor ESSEC Business School , Paris-France Delphine Dubart , ESSEC Business School , Paris-France. 1. Methodology 2. Results.
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Corporate Real Estate Management: A Survey of the Largest French Companies Regarding their Head Office Management Strategies Ingrid Nappi-Choulet, ProfessorESSEC Business School, Paris-France Delphine Dubart, ESSEC Business School, Paris-France
1. Methodology • 2. Results
1. Data Collection • Survey on Corporate Real Estate Management in France • Distributed in October 2012 • Members of the French Real Estate Directors Association (ADI) • 48 questions on 4 topics: • Corporate real estate management (CREM) • Head office • Key performance indicators monitoring • Workplace management • Response rate : 48% (74 respondents) • Data Enrichmentwith the database SIRENE from INSEE (French national institute of statistics and economic studies) • Economic information: • Companies : Number of employees, Sector … • Head offices : Number of employees, Localization …
Data Analysis - Methodology • Descriptive statistics • Companies • Corporate real estate management • Workplace management • Head offices • Confirmatoryanalysis • Hypothesis • Impact of Stock Exchange Listing • Impact of Sector • Impact of Size of the company • Methodology : • Chi-squared test (Independance of 2 categorical variables) • Mann-Withney test (Comparison of values of a continuous variable between two subgroups) • Linearregression (Link between 2 continuous variables)
Hypothesis of Stock Exchange Listing • H2a: Corporate Real Estate Management is statistically different between listed and non-listed companies. • H2b: To think about Workplace Management is statistically different between listed and non-listed companies. • H2c: The management of the head office is statistically different between listed and non-listed companies.
Hypothesis of the size • H1a: Corporate Real Estate Management is statistically different according to the size of companies • H1b: To think about Workplace Management is statistically different according to the size of companies. • H1c: The management of the head office is statistically different according to the size of the companies
Hypothesis of the sector • H3a: Corporate Real Estate Management is statistically different according to the sector. • H3b: To think about Workplace Management is statistically different according to the sector. • H3c: The management of the head office is statistically different according to the sector.
Impact of Stock exchange listing • Listedcompanies : • Consider more often the corporate real estate management as a strategic function • Have more often a workplace management reflection • Are more often tenant of theirhead office • Have more often a certified building as head office • Are more sensitive to occupy a smart building
Impact of the sector Companies of the industrialsector have more often set up a dedicated function to the workplace management
Impact of the size of the company (nb of employees) • Largestcompanies : • Have a biggestCorporate Real Estate Management • Have more often a workplace management reflection • Have more often a certified building as head office • Are more sensitive to occupy a smart building
Thankyou nappi@essec.edu Twitter: inappichoulet