Abstract: In the knowledge economy, the financial indicator is not the unique instrument to gauge the performance of a company. The role of intellectual capital contributing to the company performance is increasing. To measure the company performance due to intellectual capital, the value-added intellectual capital (VAIC) model is adopted to measure the intellectual capital utilization efficiency of the subject companies. The purpose of this study is to review the readiness of measuring intellectual capital for the Hong Kong listed companies in the property development and property investment industry by using VAIC model. This study covers the financial reports from the representative Hong Kong listed property development companies and property investment companies in the period 2014-2019. The findings from this study indicated the industry is ready for IC measurement employing VAIC framework but not yet ready for using the extended VAIC model.
Abstract: Property investment in the real estate industry has a
high risk due to the uncertainty factors that will affect the decisions
made and high cost. Analytic hierarchy process has existed for some
time in which referred to an expert-s opinion to measure the
uncertainty of the risk factors for the risk analysis. Therefore,
different level of experts- experiences will create different opinion
and lead to the conflict among the experts in the field. The objective
of this paper is to propose a new technique to measure the uncertainty
of the risk factors based on multidimensional data model and data
mining techniques as deterministic approach. The propose technique
consist of a basic framework which includes four modules: user,
technology, end-user access tools and applications. The property
investment risk analysis defines as a micro level analysis as the
features of the property will be considered in the analysis in this
paper.