A multigroup structural equation model for assessing the competency of property valuation graduates

The barriers for the development of the professions and career development of property valuation (PV) graduate is motivated and driven by the conflict and lack of alignment of industry, academic and professionals’ perspectives on the skills and competencies required by PV graduates and professional....

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Main Author:	Jiram, Wilson Rangga Anthony
Format:	Thesis
Language:	English
Published:	2017
Subjects:	HD Industries Land use Labor
Online Access:	http://eprints.utm.my/id/eprint/81637/1/WilsonRanggaAnthonyPFGHT2017.pdf
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id	my-utm-ep.81637
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spelling	my-utm-ep.816372019-09-10T01:50:15Z A multigroup structural equation model for assessing the competency of property valuation graduates 2017 Jiram, Wilson Rangga Anthony HD Industries. Land use. Labor The barriers for the development of the professions and career development of property valuation (PV) graduate is motivated and driven by the conflict and lack of alignment of industry, academic and professionals’ perspectives on the skills and competencies required by PV graduates and professional. This study attempted to investigate PV graduate competency dimensions. This study aims to accrue major benefits to all parties; academia, industry and the professional bodies and valuation graduates by providing unified view towards PV professional development, greater satisfaction derived for all stakeholders, and producing balanced and employable PV graduates. The purpose of this two-phase, sequential exploratory mixed methods study was to explore participant’s views with the intent of using this information to develop and test an instrument. This study was conducted based on the underlying pragmatic philosophical approach. The first phase was a qualitative exploration of a property valuation graduate competency by collecting interview data from a sample of 16 experts consisting of academic, industry and professional body representatives to determine the dimension of PV graduate competency and PV graduates’ performance measures. Coding procedures of Hermeneutic Unit, and network analyses of ATLAS.ti were used to analyse the interview transcripts, and other primary documents to provide a full extent of competencies' coverage. The PV competency can be conceptualized as a composite of six dimensions such as valuation skills, property skills, property law skills, financial skills, strategic management skills, and transferable skills which are at the first-order level of abstraction. The second phase involved analysis of a survey of 54 academics of three Royal Institute of Chartered Surveyor accredited PV programmes, and 55 respondents of registered valuation firms. The PV competency at the second-order level of abstraction can be conceptualized as a composite of six dimensions such as valuation skills, property skills, property law skills, financial skills, strategic management skills, and transferable skills which are at the first-order level of abstraction. The quantitative findings have provided support for the research model through measurement of reliability and validity. Variance Accounted For index indicate transferable skills partially mediate the relationship between property skills and PV competency for Partial Least Squares (PLS) path model estimation. PLS– Multi-Group measurement indicates that there are significant differences between industry and academia assessment of the valuation graduate competency for law and transferable skills partial least squares path. Finding reveals that there is a variation of competencies achievement level across the stakeholders. The result from the study provides feedback for the competency which the valuation programme need to emphasis and thus acts as a mechanism for curriculum revision. 2017 Thesis http://eprints.utm.my/id/eprint/81637/ http://eprints.utm.my/id/eprint/81637/1/WilsonRanggaAnthonyPFGHT2017.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:126107 phd doctoral Universiti Teknologi Malaysia Geoinformation and Real Estate
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	HD Industries Land use Labor
spellingShingle	HD Industries Land use Labor Jiram, Wilson Rangga Anthony A multigroup structural equation model for assessing the competency of property valuation graduates
description	The barriers for the development of the professions and career development of property valuation (PV) graduate is motivated and driven by the conflict and lack of alignment of industry, academic and professionals’ perspectives on the skills and competencies required by PV graduates and professional. This study attempted to investigate PV graduate competency dimensions. This study aims to accrue major benefits to all parties; academia, industry and the professional bodies and valuation graduates by providing unified view towards PV professional development, greater satisfaction derived for all stakeholders, and producing balanced and employable PV graduates. The purpose of this two-phase, sequential exploratory mixed methods study was to explore participant’s views with the intent of using this information to develop and test an instrument. This study was conducted based on the underlying pragmatic philosophical approach. The first phase was a qualitative exploration of a property valuation graduate competency by collecting interview data from a sample of 16 experts consisting of academic, industry and professional body representatives to determine the dimension of PV graduate competency and PV graduates’ performance measures. Coding procedures of Hermeneutic Unit, and network analyses of ATLAS.ti were used to analyse the interview transcripts, and other primary documents to provide a full extent of competencies' coverage. The PV competency can be conceptualized as a composite of six dimensions such as valuation skills, property skills, property law skills, financial skills, strategic management skills, and transferable skills which are at the first-order level of abstraction. The second phase involved analysis of a survey of 54 academics of three Royal Institute of Chartered Surveyor accredited PV programmes, and 55 respondents of registered valuation firms. The PV competency at the second-order level of abstraction can be conceptualized as a composite of six dimensions such as valuation skills, property skills, property law skills, financial skills, strategic management skills, and transferable skills which are at the first-order level of abstraction. The quantitative findings have provided support for the research model through measurement of reliability and validity. Variance Accounted For index indicate transferable skills partially mediate the relationship between property skills and PV competency for Partial Least Squares (PLS) path model estimation. PLS– Multi-Group measurement indicates that there are significant differences between industry and academia assessment of the valuation graduate competency for law and transferable skills partial least squares path. Finding reveals that there is a variation of competencies achievement level across the stakeholders. The result from the study provides feedback for the competency which the valuation programme need to emphasis and thus acts as a mechanism for curriculum revision.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Jiram, Wilson Rangga Anthony
author_facet	Jiram, Wilson Rangga Anthony
author_sort	Jiram, Wilson Rangga Anthony
title	A multigroup structural equation model for assessing the competency of property valuation graduates
title_short	A multigroup structural equation model for assessing the competency of property valuation graduates
title_full	A multigroup structural equation model for assessing the competency of property valuation graduates
title_fullStr	A multigroup structural equation model for assessing the competency of property valuation graduates
title_full_unstemmed	A multigroup structural equation model for assessing the competency of property valuation graduates
title_sort	multigroup structural equation model for assessing the competency of property valuation graduates
granting_institution	Universiti Teknologi Malaysia
granting_department	Geoinformation and Real Estate
publishDate	2017
url	http://eprints.utm.my/id/eprint/81637/1/WilsonRanggaAnthonyPFGHT2017.pdf
_version_	1747818377173270528

A multigroup structural equation model for assessing the competency of property valuation graduates

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