Rodyti trumpą aprašą

dc.contributor.authorCohen, Viktorija,
dc.contributor.authorBereznauskė, Evelina,
dc.contributor.authorBurinskas, Arūnas,
dc.contributor.authorRaslanas, Saulius,
dc.date.accessioned2023-12-22T07:07:19Z
dc.date.available2023-12-22T07:07:19Z
dc.date.issued2023.
dc.identifier.issn1648-715X
dc.identifier.other(crossref_id)155140503
dc.identifier.urihttps://etalpykla.vilniustech.lt/xmlui/handle/123456789/153845
dc.description.abstractPublic real estate is considered an integral part of national wealth. It generates a wide range of economic activities that contribute to creating and providing common public goods. This study examines the efficiency of public real estate management in Lithuania. Our findings show that public property use, disposal, and management strongly depend on the managerial approach. We apply data envelopment analysis (DEA) in addition to the income value, regression, and correlation methods. We find that there are certain biases present due to the exclusion of some state-owned properties from the public register. Furthermore, we identify the need for greater precision in the indicators used for financial reporting of state-owned assets. The excessive number of vacant asset units poses a challenge, as it requires substantial maintenance expenditures. Moreover, the appraisal of alternative use of these assets is lacking, thereby limiting the potential for maximizing public benefits. Our analysis reveals that the rental price per 1 m2 and the residual value of the leased premises are the most critical determinants influencing the management efficiency of publicly owned property. Furthermore, it is evident that the residential property is the only type of state-owned property managed efficiently within the Lithuanian public sector. These findings underscore the importance of formation of robust public real estate policies.eng
dc.formatPDF
dc.format.extentp. 275-289.
dc.format.mediumtekstas / txt
dc.language.isoeng
dc.relation.isreferencedbySocial Sciences Citation Index (Web of Science)
dc.relation.isreferencedbyScopus
dc.rightsLaisvai prieinamas internete.
dc.source.urihttps://talpykla.elaba.lt/elaba-fedora/objects/elaba:182512118/datastreams/MAIN/content
dc.titleEfficiency and challenges in public real estate management: insights from Lithuania /
dc.typeStraipsnis Web of Science DB / Article in Web of Science DB
dcterms.licenseCreative Commons – Attribution – 4.0 International
dcterms.references53
dc.type.pubtypeS1 - Straipsnis Web of Science DB / Web of Science DB article
dc.contributor.institutionVilniaus universitetas
dc.contributor.institutionVilniaus Gedimino technikos universitetas
dc.contributor.facultyStatybos fakultetas / Faculty of Civil Engineering
dc.subject.researchfieldS 004 - Ekonomika / Economics
dc.subject.researchfieldS 003 - Vadyba / Management
dc.subject.researchfieldT 002 - Statybos inžinerija / Construction and engineering
dc.subject.studydirectionJ01 - Ekonomika / Economics
dc.subject.vgtuprioritizedfieldsEV02 - Aukštos pridėtinės vertės ekonomika / High Value-Added Economy
dc.subject.ltspecializationsL102 - Energetika ir tvari aplinka / Energy and a sustainable environment
dc.subject.enpublic real estate management
dc.subject.enefficiency
dc.subject.enDEA approach
dc.subject.endecentralized model
dc.subject.encentralized model
dcterms.sourcetitleInternational journal of strategic property management.
dc.description.issueiss. 4
dc.description.volumevol. 27
dc.publisher.nameVilnius Gediminas Technical University
dc.publisher.cityVilnius
dc.identifier.doi155140503
dc.identifier.doi001105894000001
dc.identifier.doi10.3846/ijspm.2023.20362
dc.identifier.elaba182512118


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