Search results

1 – 3 of 3
Per page
102050
Citations:
Loading...
Access Restricted. View access options
Article
Publication date: 1 June 2012

Gabriel Kayode Babawale and Modupe Omirin

To address the phenomenon of inaccuracy in real estate valuation successfully, it is imperative to ascertain the sources and how valuers are influenced. The purpose of this paper…

1175

Abstract

Purpose

To address the phenomenon of inaccuracy in real estate valuation successfully, it is imperative to ascertain the sources and how valuers are influenced. The purpose of this paper therefore is to identify and assess both the predictive and relative importance of the factors that significantly influence inaccuracy in residential property valuations in Lagos metropolis.

Design/methodology/approach

Data obtained from 250 firms of Estate Surveyors and Valuers were analyzed by a combination of descriptive and inferential statistics including factor analysis, and correlation/regression analysis.

Findings

The study identified: valuers' knowledge and experience; valuers' approach to valuation; and individual characteristics of valuers and valuation firms, in that order, as having significant influence on valuation accuracy in the study area.

Originality/value

If valuers know the factors that significantly influence inaccuracy and understand how they are affected, it would be possible to reduce the incidence of inaccuracy, together with its potential grave consequences to the housing market in particular, and the economy as a whole.

Details

International Journal of Housing Markets and Analysis, vol. 5 no. 2
Type: Research Article
ISSN: 1753-8270

Keywords

Access Restricted. View access options
Article
Publication date: 1 July 2014

Funlola Famuyiwa and Gabriel Kayode Babawale

– The purpose of this study is to examine the relationship and pricing effects of physical infrastructure on house rents using the hedonic technique.

742

Abstract

Purpose

The purpose of this study is to examine the relationship and pricing effects of physical infrastructure on house rents using the hedonic technique.

Design/methodology/approach

Primary data are derived through a questionnaire survey and secondary data from existing literature. Sampling data on 211 detached residential buildings with a range of physical infrastructure attributes within Lekki Phase 1 area of Lagos are analysed with the hedonic regression technique.

Findings

Results reveal significant impacts and a range of price premium estimates of physical infrastructure on house rents in the study area.

Originality/value

The study suggests a nouvelle and contextualized approach for sustainable infrastructure delivery, improvement and maintenance. Appropriate pricing will help to guide and support physical infrastructure development and sustainability. When tailored in line with market support, achievable pricing can be attained in setting land-based user charges and tariffs for cost recovery on projected developments and reform. Results from empirical market evidence also provide demand and viability indicators that offer invaluable blueprints, by which governments, policy/decision makers, investors, town-planning authorities and other stakeholders can take sustainable decisions based on priority, in the face of budgetary constraints – a significant characteristic of the Nigerian economy.

Details

Journal of Facilities Management, vol. 12 no. 3
Type: Research Article
ISSN: 1472-5967

Keywords

Access Restricted. View access options
Article
Publication date: 6 July 2015

Olatunde Julius Otusanya, Sarah Lauwo, Oluwaseun Joseph Ige and Olunlade Samuel Adelaja

This study aims to contribute to the emerging discourse on elite financial crime, with particular attention devoted to the role played by the legislature in corrupt practices in…

529

Abstract

Purpose

This study aims to contribute to the emerging discourse on elite financial crime, with particular attention devoted to the role played by the legislature in corrupt practices in Nigeria. Separations of power, watchdog role of legislature and ideologies have become a major influence in democratic system. Legislative power has developed as a means of providing oversight functions over the executives, thereby inhibiting fraudulent practices in governments.

Design/methodology/approach

The paper argues that the political institutional structures embedded with monopoly, discretion and little or no accountability facilitate financial corrupt practices within the legislature. The paper uses publicly available evidence to show that the legislators in developing countries are actively engaged in corrupt practices.

Findings

The evidence provided in this paper shows that separation of power and representative democracy had not brought about transparency and accountability in government activities in Nigeria. Legislature often trade-off their constitutional power and their claim of service to the public interest by engaging in financial criminal practices.

Research limitations/implications

This paper does not set out to provide a comprehensive analysis of political corruption. Instead, it considers the “dark” side of legislative practice by examining the involvement of legislature in facilitating corrupt financial practices in Nigeria.

Practical implications

The inability of the regulators to effectively sanction legislators implicated in corrupt practices suggests that the current institutional and regulatory apparatus are not fully equipped in dealing with the financial criminal activities of legislators.

Social implications

Despite the arrest and prosecution of some legislators, a number of cases are swept under the carpet. Therefore, this paper suggests that Nigeria need to reform its political system and institutions to promote transparency and accountability in government and to build trust in the legislative process.

Originality/value

This paper considers the “dark” side of legislative practice by examining the involvement of legislature in facilitating corrupt financial practices in Nigeria.

Details

Journal of Financial Crime, vol. 22 no. 3
Type: Research Article
ISSN: 1359-0790

Keywords

1 – 3 of 3
Per page
102050