An Analysis of Management Efficiency in the Non-residential Building Leasing Business

March 31, 2024  |  Vol.10, No.3  |  PP. 209-220  | PDF

AUTHORS:

Da Yeon Kang, Department of Management Information Systems, Dong-A University, Republic of Korea

Ki Se Lee, Department of Business Administration, Kyungpook University, Republic of Korea

KEYWORDS:

The Non-residential Leasing Business, Data Envelopment Analysis, BCC Model, CCR Model

Abstract

Recently, the leasing business has been increasing for residential use and non-residential uses such as shared kitchens and logistics warehouses. In addition, due to the 4th Industrial Revolution, it is evolving into a new technology prop-tech industry beyond a simple brokerage. The real estate leasing business has changed the business environment significantly. First, the demand for non-residential use, such as shared kitchens, shared warehouses, and logistics warehouses, is gradually increasing. In addition, due to the Fourth Industrial Revolution, the real estate leasing business is slowly evolving from the traditional brokerage business to the prop-tech industry. Above all, they are facing difficulties in management activities due to the economic downturn caused by sluggish orders in the domestic construction industry. Therefore, to overcome this crisis and maintain sustainable competitiveness in the future, it is necessary to understand the current management status above all else. Therefore, this study analyzed the management efficiency of a non-residential leasing business using DEA, which analyzed the current degree of management efficiency and suggested an increase or decrease in input factors to maximize management efficiency. As a result of this study, there are 11 companies with BCC-model efficiency and six companies with CCR-model efficiency. In addition, there are six companies with BCC and CCR efficiency. This study is of academic significance in that it presented benchmarking companies and provided numerical data to reach an efficient frontier for inefficient factors. There is also practical significance in providing information on efficient companies that potential investors can refer to.

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Citations:

APA:
Kang, D. Y., Lee, K. S. (2024). An Analysis of Management Efficiency in the Non-residential Building Leasing Business. Asia-pacific Journal of Convergent Research Interchange (APJCRI), ISSN: 2508-9080 (Print); 2671-5325 (Online), KCTRS, 10(3), 209-220. doi: 10.47116/apjcri.2024.03.15.

MLA:
Kang, Da Yeon, et al. “An Analysis of Management Efficiency in the Non-residential Building Leasing Business.” Asia-pacific Journal of Convergent Research Interchange, ISSN: 2508-9080 (Print); 2671-5325 (Online), KCTRS, vol. 10, no. 3, 2024, pp. 209-220. APJCRI, http://apjcriweb.org/content/vol10no3/15.html.

IEEE:
[1] D. Y. Kang, K. S. Lee, “An Analysis of Management Efficiency in the Non-residential Building Leasing Business.” Asia-pacific Journal of Convergent Research Interchange (APJCRI), ISSN: 2508-9080 (Print); 2671-5325 (Online), KCTRS, vol. 10, no. 3, pp. 209-220, March 2024.


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