Quotation Małkowska, Agnieszka, Tomal, Mateusz, Uhruska, Małgorzata, Pawlak, Justyna, Maier, Gunther, Nichiforeanu, Alina. 2021. The impact of job satisfaction on valuers’ attitudes towards professional ethics. International Journal of Strategic Property Management. 25 (6), 497-513.




Professional ethics is one of the two pillars of the valuer’s business practice, alongside expert knowledge. Ethical principles are usually formulated within a code of professional ethics which valuers are obliged to follow. The approach to professional ethics is a complex problem and it is conditioned by several factors. In our study, we pose the question whether higher professional satisfaction of real estate valuers translates into more ethical attitudes regarding work-related dilemmas. We conducted research on property valuation services in two European markets: Austria and Poland. Data for the analysis was drawn from 176 surveys in which valuers were asked to respond to hypothetical work situations corresponding to the principles of the real estate valuer’s code. The results obtained using the ordinary least squares (OLS) and two-stage last squares (2SLS) regression methods allow us to conclude that higher job satisfaction positively impacts valuers’ ethical attitudes. The segment of the market served is also an important driver. Valuers who mainly work for property developers show a significantly lower level of ethical attitudes. The influence of the country on professional ethics is ambiguous.


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  • Austria
  • ethics
  • job satisfaction
  • Poland
  • real estate
  • valuers

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal International Journal of Strategic Property Management
Citation Index SSCI
Language English
Title The impact of job satisfaction on valuers’ attitudes towards professional ethics
Volume 25
Number 6
Year 2021
Page from 497
Page to 513
Reviewed? Y
URL https://journals.vgtu.lt/index.php/IJSPM/article/view/15768
DOI https://doi.org/10.3846/ijspm.2021.15768
Open Access Y
Open Access Link https://doi.org/10.3846/ijspm.2021.15768


Maier, Gunther (Details)
Małkowska, Agnieszka (Wirtschaftsuniversität Krakau, Poland)
Nichiforeanu, Alina (Wirtschaftsuniversität, Austria)
Pawlak, Justyna (Wirtschaftsuniversität Krakau, Poland)
Tomal, Mateusz (Wirtschaftsuniversität Krakau, Poland)
Uhruska, Małgorzata (Wirtschaftsuniversität Krakau, Poland)
Institute for Multi-Level Governance and Development IN (Details)
Research Institute for Spatial and Real Estate Economics FI (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
1807 Economic geography (Details)
5329 Economics of location (Details)
5330 Site selection (Details)
5332 Transport economics (Details)
5606 Spatial research (Details)
5611 Urban and regional analysis (Details)
5612 Economics of location (Details)
5618 Regional economy (Details)
5702 Population statistics (Details)
5915 Economic geography (Details)
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