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Journal : TECHNOVATE

The Impact of Entrepreneurial Innovation on Real Estate Investment in Nigeria: A Smart PLS- SEM Approach Saad, Abdulfatai; Milala, Sani Inusa
TECHNOVATE: Journal of Information Technology and Strategic Innovation Management Vol. 1 No. 4 (2024): October 2024
Publisher : PT.KARYA GEMAH RIPAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52432/technovate.1.4.2024.185-197

Abstract

The real estate sector is undergoing significant changes due to the rise of innovative financing models and Prop-Tech adoption. However, the effects of these developments on key real estate variables such as financing options, investor confidence, market growth, and property valuation have not been adequately explored. This study addresses the gap by investigating how these factors interact and impact the overall real estate market, especially in the context of emerging economies. The need for this study arises from the growing reliance on technology and new financial structures in real estate, where understanding their implications is vital for ensuring market sustainability and investor security. The aim is to assess the influence of innovative financing models and Prop-Tech adoption on key real estate factors, with a focus on Nigerian real estate markets.  A structural equation modeling (SEM) approach was applied to data from 327 respondents in the real estate sector to test the relationships between these variables. Results indicate that innovative financing models have a significant positive impact on financing options (? = 0.606, p < 0.001), investor confidence (? = 1.108, p < 0.001), market growth (? = 0.182, p < 0.001), and property valuation (? = 0.173, p < 0.01). Similarly, Prop-Tech adoption positively affects market growth (? = 0.762, p < 0.001) and property valuation (? = 0.770, p < 0.001), but negatively influences investor confidence (? = -0.128, p < 0.001), suggesting that technology adoption can raise concerns among investors. In conclusion, the study highlights the significant roles of innovative financing models and Prop-Tech adoption in driving market growth and property valuation. However, their differing effects on investor confidence warrant attention, as addressing these concerns is essential for fostering balanced and sustainable growth in the real estate sector.
The Impact of Climate Change on the Real Estate Investment in Northern Eastern Nigeria Saad, Abdulfatai; Milala, Sani Inusa
TECHNOVATE: Journal of Information Technology and Strategic Innovation Management Vol. 1 No. 4 (2024): October 2024
Publisher : PT.KARYA GEMAH RIPAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52432/technovate.1.4.2024.198-207

Abstract

Climate change presents significant challenges to various sectors, particularly real estate investment, in regions like northeastern Nigeria, which are highly vulnerable to environmental fluctuations. This study addresses the critical need to understand how climate change impacts real estate investment decisions in states such as Borno, Yobe, Bauchi, Gombe, Taraba, and Adamawa. The primary aim of this research is to analyze the correlation between climate change impacts and real estate investment value, utilizing quantitative research methods. A structured questionnaire was distributed among real estate stakeholders, with a total sample size of 300 respondents, including 50 participants from each state in the region, employing purposive sampling for targeted insights. The analysis revealed a significant negative correlation (r = 0.65, p = 0.002) between climate change impacts and investment value, indicating that heightened environmental risks lead to decreased investor confidence and reduced property investments. Regression analysis further confirmed this trend, showing a regression coefficient of -0.50 (p = 0.001), suggesting that for each unit increase in climate change impact, real estate investment decreases by half a unit. T-test results highlighted a significant decline in investments post-climate events (t 298) = 3.45, p = 0.001), while ANOVA results demonstrated significant differences in investment levels across states (F 5, 294) = 4.20, p = 0.001). These findings collectively affirm that climate change significantly influences real estate investment decisions in northeastern Nigeria, necessitating urgent strategies for climate resilience and adaptation in the real estate sector. Stakeholders, including policymakers and investors, must recognize the importance of integrating climate considerations into their planning and decision-making processes to mitigate potential losses and foster sustainable growth in the real estate market.
Mediating Role of Policy Support in the Relationship Between Green Financing and Sustainable Housing Development in Nigeria: A PLS Modeling Approach Babayo, Musa Mustapha; Milala, Sani Inusa
TECHNOVATE: Journal of Information Technology and Strategic Innovation Management Vol. 1 No. 4 (2024): October 2024
Publisher : PT.KARYA GEMAH RIPAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52432/technovate.1.4.2024.228-239

Abstract

This study examines the impact of Green Financing on Sustainable Housing Development, focusing on the mediating role of Policy Support. As urbanization accelerates, particularly in developing countries, the need for sustainable housing solutions intensifies. Green Financing, which funds environmentally friendly projects, is considered a potential driver of sustainable housing, though its success depends on supportive policies. Using a quantitative approach and structural equation modeling (SEM), the study analyzes data from 500 stakeholders in the housing sector, including policymakers, financial institutions, and developers. Results show that Green Financing significantly boosts Policy Support (path coefficient = 0.832, t-statistic = 31.150, p-value = 0.000), and also has a positive effect on Sustainable Housing Development (path coefficient = 0.636, t-statistic = 9.114, p-value = 0.000). Furthermore, Policy Support plays a significant mediating role in enhancing Sustainable Housing Development (path coefficient = 0.250, t-statistic = 3.458, p-value = 0.001). These findings highlight the importance of integrating Green Financing with strong policy frameworks to promote sustainable housing. The study recommends targeted financial and regulatory measures to encourage green finance, and suggests further research on its long-term impacts.
Mediating Effect of Green Maintenance Funds on The Relationship Between Facilities Management Challenges and Performance of NITDA Nigeria Babayo, Musa Mustapha; Milala, Sani Inusa
TECHNOVATE: Journal of Information Technology and Strategic Innovation Management Vol. 1 No. 4 (2024): October 2024
Publisher : PT.KARYA GEMAH RIPAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52432/technovate.1.4.2024.240-251

Abstract

This study examines the relationship between facilities management challenges, green maintenance funds, and organizational performance, focusing on the mediating role of green maintenance funds. As sustainability becomes a key focus in facilities management, challenges such as resource constraints, inadequate training, and lack of strategic planning hinder the effective implementation of green initiatives. Using a quantitative approach, the study collected survey data from facilities managers across various sectors and applied structural equation modeling (SEM) to analyze the relationships between the key variables. Results indicate that facilities management challenges significantly impact the allocation of green maintenance funds (? = 0.852, p = 0.000), which in turn positively influences performance (? = 0.190, p = 0.046). Furthermore, green maintenance funds partially mediate the relationship between management challenges and performance (? = 0.162, p = 0.000). These findings suggest that addressing management challenges by allocating green maintenance funds can enhance organizational performance. The study highlights the importance of investing in green maintenance practices to improve both environmental outcomes and overall efficiency. It recommends that organizations prioritize sustainability, overcome facilities management challenges, and allocate sufficient resources to green maintenance to improve performance.
Stock Market Dynamics and Real Estate Sector Performance in Nigeria: Evidence from Secondary Data Abdulkadir, Misbahu Falaki; Gwarmai, Ja’afar Garba Ya’u; Milala, Sani Inusa
TECHNOVATE: Journal of Information Technology and Strategic Innovation Management Vol. 2 No. 3 (2025): July 2025
Publisher : PT.KARYA GEMAH RIPAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52432/technovate.2.3.2025.123-131

Abstract

performance of Nigeria’s real estate sector has increasingly been shaped by fluctuations in the stock market and macroeconomic conditions. Despite its potential as a driver of economic growth, the sector remains vulnerable to market volatility, inflationary pressures, and limited capital market participation. This study examines the relationship between stock market dynamics and real estate sector performance in Nigeria from 2009 to 2023, considering the roles of inflation and interest rates. A quantitative research design was adopted using secondary annual data obtained from the Nigerian Exchange Group and the Central Bank of Nigeria. Stock market dynamics were proxied by the All-Share Index (ASI) and market capitalization, while real estate performance was measured by the NGX Real Estate Index. Data analysis using Stata involved descriptive statistics, correlation analysis, and regression modeling. The results indicate that both the ASI (? = 0.0023, p < 0.01) and market capitalization (? = 0.0040, p < 0.01) exerted positive and statistically significant effects on real estate sector performance. Inflation had a negative and marginally significant effect (? = ?0.6603, p ? 0.053), whereas interest rates were insignificant (? = 0.4832, p = 0.417). The model’s R² value of 0.987 suggests that 98.7% of variations in the Real Estate Index were explained by the selected variables. Overall, the findings establish that stock market dynamics are critical determinants of real estate sector performance in Nigeria, highlighting the need for strengthened capital market development and policies that enhance macroeconomic stability and support listed real estate firms.