figshare
Browse
Crisis Heritage Management_3.0.doc (165 kB)

Working Paper: Crisis' Heritage Management - New Business Opportunities Out of the Financial Collapse

Download (165 kB)
journal contribution
posted on 2016-12-27, 13:55 authored by Hristian DaskalovHristian Daskalov
This paper intends to present the opportunities emerging for the national economy, out of the financial crisis. In particular the management of those, which arise from the commercial real estate owned property sector, defined by the author as a „crisis’ heritage management”. On one hand, as real estate property prices  are subject of wide fluctuations, the longer possession of such assets can seriously impact the financial condition of the already shattered financial institutions, but on the on other, with the help of professional and proactive management and the right kind of attitude by all the stakeholders, the „heritage”, left out of the financial collapse, can not only help stabilize the system - bringing liquidity into it, but can also support its healthy corporate governance in the long-term. The properties themselves (business buildings, warehouses, retail- and office spaces), being an object of optimization of maintenance costs, reengineering, intensive marketing, as a result of the crisis, can serve as a solid base for number of new and profitable business and investment opportunities, described in the present article, as a proof of the healing effect of the financial crisis and the „second chance” it gives.

Funding

Sofia Business School

History

Usage metrics

    Licence

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC