Corporate real estate decisions directly impact firm value in capital markets.
Real estate is a big part of major U.S. companies' assets, making up 25 to 40 percent. This study looks at how decisions about real estate affect a company's value. The researchers reviewed existing studies and used evidence from the stock market to see how real estate choices impact companies. They found that these decisions can have a big impact on how much a company is worth. There are still some questions that need to be answered about managing corporate real estate.