<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Taking into account that the transparency is a quality of communication of sustainability information, as well as the role of digitalisation in ensuring the transparency, we proposed to study the perception of real estate entities related to promoting transparency in the relationship with stakeholders and the integration of information and communication technology in their business models. Applying a qualitative approach, we critically analysed the sustainability reports published by real estate companies from the EU, which represent important non-financial information sources for stakeholders. Transparency is mainly reflected in corporate governance, as real estate entities are increasingly concerned with maintaining open relationships with stakeholders and knowing their expectations to integrate them into the business strategy. We have noticed a broader approach of transparency in REIT entities and in reports that include an assurance statement. New digital technologies serve the purpose of improving transparency, which, although still poorly explored in real estate, offer new solutions to increase the efficiency and productivity of real estate activities. Property technology can improve real estate market transparency and liquidity, bringing lower transaction costs, which should positively impact the value of investment assets.</p>
</abstract>

Taking into account that the transparency is a quality of communication of sustainability information, as well as the role of digitalisation in ensuring the transparency, we proposed to study the perception of real estate entities related to promoting transparency in the relationship with stakeholders and the integration of information and communication technology in their business models. Applying a qualitative approach, we critically analysed the sustainability reports published by real estate companies from the EU, which represent important non-financial information sources for stakeholders. Transparency is mainly reflected in corporate governance, as real estate entities are increasingly concerned with maintaining open relationships with stakeholders and knowing their expectations to integrate them into the business strategy. We have noticed a broader approach of transparency in REIT entities and in reports that include an assurance statement. New digital technologies serve the purpose of improving transparency, which, although still poorly explored in real estate, offer new solutions to increase the efficiency and productivity of real estate activities. Property technology can improve real estate market transparency and liquidity, bringing lower transaction costs, which should positively impact the value of investment assets.

Improvement of the real estate transparency through digitalisation

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Improvement of the real estate transparency through digitalisation"}

Taking into account that the transparency is a quality of communication of sustainability information, as well as the role of digitalisation in ensuring the...

Improvement of the real estate transparency through digitalisation

Published Online: Jul 27, 2020

Page range: 371 - 384

DOI: https://doi.org/10.2478/picbe-2020-0036

Keywords
real estate, digitalisation, PropTech, transparency, sustainability, innovation

© 2020 Elena Ionaşcu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Improvement of the real estate transparency through digitalisation

Published Online: Jul 27, 2020

Page range: 371 - 384

DOI: https://doi.org/10.2478/picbe-2020-0036

Keywordsreal estate, digitalisation, PropTech, transparency, sustainability, innovation

© 2020 Elena Ionaşcu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
real estate, digitalisation, PropTech, transparency, sustainability, innovation