Solutions for Thai Property Funds’ Performance Improvements

Natkawin Jiamchoatpatanakul

doi:doi:10.11648/j.jim.20170601.15

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Solutions for Thai Property Funds’ Performance Improvements

Natkawin Jiamchoatpatanakul

Received: 31 October 2016 Accepted: 17 November 2016 Published: 26 December 2016

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Abstract

A regulatory repeal of Thai property funds has faced limitation of raising capital to acquire new assets for improving the overall performances. Since they can decide not to convert to be a new form of Real Estate Investment Trust (REIT) owing to disincentives of tax benefit loss and conversion cost, it is a cry for discovering workable solutions to enhance existing funds’ performances to maintain strong performance without the capital increase approach. Among twenty discussed methods in the research, fourteen workable solutions were proposed by forty one interviewees, some of which are consistent with the other studies. On the contrary, few discussed methods are inconsistent with others, i.e. incentive and management fee in a form of share to the fund manager owing to perception of inactive role of the Thai property fund managers when compared to those of the international REITs. The remaining four approaches were discussed to be unfitting for utilization. Looking forward, Thai funds might grow and increase their performances by utilizing number of workable solutions under the circumstances of non–existence of Thai property fund regulation to support inorganic growth opportunities.

DOI	10.11648/j.jim.20170601.15
Published in	Journal of Investment and Management (Volume 6, Issue 1, February 2017)
Page(s)	28-36
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Thai Property Fund, Thai REIT, Solutions for Performance Improvement

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APA Style

Natkawin Jiamchoatpatanakul. (2016). Solutions for Thai Property Funds’ Performance Improvements. Journal of Investment and Management, 6(1), 28-36. https://doi.org/10.11648/j.jim.20170601.15

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Natkawin Jiamchoatpatanakul. Solutions for Thai Property Funds’ Performance Improvements. J. Invest. Manag. 2016, 6(1), 28-36. doi: 10.11648/j.jim.20170601.15

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Natkawin Jiamchoatpatanakul. Solutions for Thai Property Funds’ Performance Improvements. J Invest Manag. 2016;6(1):28-36. doi: 10.11648/j.jim.20170601.15

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@article{10.11648/j.jim.20170601.15,
  author = {Natkawin Jiamchoatpatanakul},
  title = {Solutions for Thai Property Funds’ Performance Improvements},
  journal = {Journal of Investment and Management},
  volume = {6},
  number = {1},
  pages = {28-36},
  doi = {10.11648/j.jim.20170601.15},
  url = {https://doi.org/10.11648/j.jim.20170601.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20170601.15},
  abstract = {A regulatory repeal of Thai property funds has faced limitation of raising capital to acquire new assets for improving the overall performances. Since they can decide not to convert to be a new form of Real Estate Investment Trust (REIT) owing to disincentives of tax benefit loss and conversion cost, it is a cry for discovering workable solutions to enhance existing funds’ performances to maintain strong performance without the capital increase approach. Among twenty discussed methods in the research, fourteen workable solutions were proposed by forty one interviewees, some of which are consistent with the other studies. On the contrary, few discussed methods are inconsistent with others, i.e. incentive and management fee in a form of share to the fund manager owing to perception of inactive role of the Thai property fund managers when compared to those of the international REITs. The remaining four approaches were discussed to be unfitting for utilization. Looking forward, Thai funds might grow and increase their performances by utilizing number of workable solutions under the circumstances of non–existence of Thai property fund regulation to support inorganic growth opportunities.},
 year = {2016}
}

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TY  - JOUR
T1  - Solutions for Thai Property Funds’ Performance Improvements
AU  - Natkawin Jiamchoatpatanakul
Y1  - 2016/12/26
PY  - 2016
N1  - https://doi.org/10.11648/j.jim.20170601.15
DO  - 10.11648/j.jim.20170601.15
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 28
EP  - 36
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20170601.15
AB  - A regulatory repeal of Thai property funds has faced limitation of raising capital to acquire new assets for improving the overall performances. Since they can decide not to convert to be a new form of Real Estate Investment Trust (REIT) owing to disincentives of tax benefit loss and conversion cost, it is a cry for discovering workable solutions to enhance existing funds’ performances to maintain strong performance without the capital increase approach. Among twenty discussed methods in the research, fourteen workable solutions were proposed by forty one interviewees, some of which are consistent with the other studies. On the contrary, few discussed methods are inconsistent with others, i.e. incentive and management fee in a form of share to the fund manager owing to perception of inactive role of the Thai property fund managers when compared to those of the international REITs. The remaining four approaches were discussed to be unfitting for utilization. Looking forward, Thai funds might grow and increase their performances by utilizing number of workable solutions under the circumstances of non–existence of Thai property fund regulation to support inorganic growth opportunities.
VL  - 6
IS  - 1
ER  -

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Author Information

Natkawin Jiamchoatpatanakul

School of Management, Shinawatra University, Bangkok, Thailand

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APA Style

Natkawin Jiamchoatpatanakul. (2016). Solutions for Thai Property Funds’ Performance Improvements. Journal of Investment and Management, 6(1), 28-36. https://doi.org/10.11648/j.jim.20170601.15

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ACS Style

Natkawin Jiamchoatpatanakul. Solutions for Thai Property Funds’ Performance Improvements. J. Invest. Manag. 2016, 6(1), 28-36. doi: 10.11648/j.jim.20170601.15

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AMA Style

Natkawin Jiamchoatpatanakul. Solutions for Thai Property Funds’ Performance Improvements. J Invest Manag. 2016;6(1):28-36. doi: 10.11648/j.jim.20170601.15

Copy | Download

@article{10.11648/j.jim.20170601.15,
  author = {Natkawin Jiamchoatpatanakul},
  title = {Solutions for Thai Property Funds’ Performance Improvements},
  journal = {Journal of Investment and Management},
  volume = {6},
  number = {1},
  pages = {28-36},
  doi = {10.11648/j.jim.20170601.15},
  url = {https://doi.org/10.11648/j.jim.20170601.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20170601.15},
  abstract = {A regulatory repeal of Thai property funds has faced limitation of raising capital to acquire new assets for improving the overall performances. Since they can decide not to convert to be a new form of Real Estate Investment Trust (REIT) owing to disincentives of tax benefit loss and conversion cost, it is a cry for discovering workable solutions to enhance existing funds’ performances to maintain strong performance without the capital increase approach. Among twenty discussed methods in the research, fourteen workable solutions were proposed by forty one interviewees, some of which are consistent with the other studies. On the contrary, few discussed methods are inconsistent with others, i.e. incentive and management fee in a form of share to the fund manager owing to perception of inactive role of the Thai property fund managers when compared to those of the international REITs. The remaining four approaches were discussed to be unfitting for utilization. Looking forward, Thai funds might grow and increase their performances by utilizing number of workable solutions under the circumstances of non–existence of Thai property fund regulation to support inorganic growth opportunities.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Solutions for Thai Property Funds’ Performance Improvements
AU  - Natkawin Jiamchoatpatanakul
Y1  - 2016/12/26
PY  - 2016
N1  - https://doi.org/10.11648/j.jim.20170601.15
DO  - 10.11648/j.jim.20170601.15
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 28
EP  - 36
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20170601.15
AB  - A regulatory repeal of Thai property funds has faced limitation of raising capital to acquire new assets for improving the overall performances. Since they can decide not to convert to be a new form of Real Estate Investment Trust (REIT) owing to disincentives of tax benefit loss and conversion cost, it is a cry for discovering workable solutions to enhance existing funds’ performances to maintain strong performance without the capital increase approach. Among twenty discussed methods in the research, fourteen workable solutions were proposed by forty one interviewees, some of which are consistent with the other studies. On the contrary, few discussed methods are inconsistent with others, i.e. incentive and management fee in a form of share to the fund manager owing to perception of inactive role of the Thai property fund managers when compared to those of the international REITs. The remaining four approaches were discussed to be unfitting for utilization. Looking forward, Thai funds might grow and increase their performances by utilizing number of workable solutions under the circumstances of non–existence of Thai property fund regulation to support inorganic growth opportunities.
VL  - 6
IS  - 1
ER  -

Copy | Download