The research focuses on a sample of 26 Italian real estate asset management companies (Società di Gestione del Risparmio “SGR”)—whose asset management is totally linked to real estate funds—that considers a period of six years (2013–2018). Using some variables extrapolated from the internal accountability of each SGR, the analysis investigates possible relationships between them to verify the presence or absence of economies of scale of Italian real estate management companies by multivariate regressions. The results show that there is no single model for profit maximization and cost minimization, but all depends on the business model that each SGR decides to adopt.
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机译：该研究侧重于26个意大利房地产资产管理公司的样本（Societàdigestione del Risparmio“Sgr”） - 其资产管理与房地产基金完全挂钩 - 考虑了六年（2013-2018）。使用从每个SGR的内部问责制外推开的一些变量，分析调查了他们之间的可能关系，以通过多元回归验证意大利房地产管理公司规模经济的可能性。结果表明，没有单一的利润最大化和成本最小化模型，但都取决于每个SGR决定采用的商业模式。
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