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Vietnamese real estate corporations’ performance using the hybrid model of data envelopment analysis and grey system theory

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Abstract

Real estate is believed to grow even stronger in the next few years in Vietnam, so this study is conducted to closely monitor market changes and provide updated findings about this field. However, with such an asset and capital-intensive industry, it is necessary for investors understanding companies' operation efficiency besides their stocks indicators. The paper looks into operation of real estate corporation with highest market capitalization and ranks their performance efficiency using the data envelopment analysis. This study gives a better “past–present–future” insights for decision makers. The findings indicate that the real estate market will continue its upward trend in the next few years. For the policymakers, this study will help short-term development strategies. For companies with low forecasting shown by grey forecasting, they need to apply new projects and methods in their operations and business model to make more progress in the future. In the view of the investors, this research can be used as a source of information in business assessments and investment decisions.

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Authors and Affiliations

  1. School of Business, International University, Quarter 6, Linh Trung Ward, Thu Duc City, Ho Chi Minh City, Vietnam

    Nhu-Ty Nguyen & Van-Anh Bui Le

  2. Vietnam National University HCMC, Ho Chi Minh City, Vietnam

    Nhu-Ty Nguyen & Van-Anh Bui Le

  3. Nguyen Tat Thanh University, Ho Chi Minh City, Vietnam

    Thanh-Tuyen Tran

Authors
  1. Nhu-Ty Nguyen
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  2. Van-Anh Bui Le
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  3. Thanh-Tuyen Tran
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Correspondence to Nhu-Ty Nguyen.

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Appendices

Appendices

See Tables 13, 14, 15, 16, 17, 18, 19 and 20.

Table 13 Correlation of inputs and outputs—2014
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Table 14 Correlation of inputs and outputs—2015
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Table 15 Correlation of inputs and outputs—2016
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Table 16 Correlation of inputs and outputs—2017
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Table 17 Correlation of inputs and outputs—2018
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Table 18 Efficiency Change (2018–2022)
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Table 19 Frontier Shift (2018–2022)
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Table 20 Malmquist Productivity Index (MPI) (2018–2022)
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Nguyen, NT., Le, VA.B. & Tran, TT. Vietnamese real estate corporations’ performance using the hybrid model of data envelopment analysis and grey system theory. Neural Comput & Applic 33, 17209–17222 (2021). https://doi.org/10.1007/s00521-021-06311-0

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  • DOI: https://doi.org/10.1007/s00521-021-06311-0

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