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Article: Managing community in Hong Kong - The political economy perspective

TitleManaging community in Hong Kong - The political economy perspective
Authors
KeywordsCommunities
Governance
Property Management
Property Rights
Issue Date2005
PublisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/info/journals/pm/pm.jsp
Citation
Property Management, 2005, v. 23 n. 2, p. 122-136 How to Cite?
AbstractPurpose - To examine how an incomplete and biased legal/regulatory framework governing the allocation of property rights within a residential community in Hong Kong blocks the natural choice of a market contractual arrangement for the governance of the community as well as the management services. Design/methodology/approach - This paper applies an institutional economic framework to examine the rationale of adopting different governance structures for different types of assets. A detailed case study is examined based on this framework and the governance structure of this community is analysed and the rationale behind the chosen structure is examined accordingly. Findings - It is found that a unified governance structure has been adopted in this community, not by the residents in the community, but by the developer who has a controlling share of property rights and vested interests on the undeveloped part of the community. Research limitations/implications - The case study, though detailed, limits to one community, which itself is very unique in the physical environment. In the future, different communities should be compared under different management models to examine the effect of developers' vested interests in the community and the governance structure, and how would a fair delineation mechanism of property rights will provide a more efficient management model for the community. Practical implications - It is suggested that an overall examination of the way property rights are delineated in Hong Kong is needed to protect the rights of individual property owners, so that a fairer and more efficient system can be in place. Originality/value - This paper argues that the choice of governance structure in a residential community under some special socio-political environments is also facilitated by the legal/regulatory framework delineating property rights. © Emerald Group Publishing Limited.
Persistent Identifierhttp://hdl.handle.net/10722/168724
ISSN
2015 SCImago Journal Rankings: 0.331
References

 

DC FieldValueLanguage
dc.contributor.authorLi, LHen_US
dc.date.accessioned2012-10-08T03:31:48Z-
dc.date.available2012-10-08T03:31:48Z-
dc.date.issued2005en_US
dc.identifier.citationProperty Management, 2005, v. 23 n. 2, p. 122-136en_US
dc.identifier.issn0263-7472en_US
dc.identifier.urihttp://hdl.handle.net/10722/168724-
dc.description.abstractPurpose - To examine how an incomplete and biased legal/regulatory framework governing the allocation of property rights within a residential community in Hong Kong blocks the natural choice of a market contractual arrangement for the governance of the community as well as the management services. Design/methodology/approach - This paper applies an institutional economic framework to examine the rationale of adopting different governance structures for different types of assets. A detailed case study is examined based on this framework and the governance structure of this community is analysed and the rationale behind the chosen structure is examined accordingly. Findings - It is found that a unified governance structure has been adopted in this community, not by the residents in the community, but by the developer who has a controlling share of property rights and vested interests on the undeveloped part of the community. Research limitations/implications - The case study, though detailed, limits to one community, which itself is very unique in the physical environment. In the future, different communities should be compared under different management models to examine the effect of developers' vested interests in the community and the governance structure, and how would a fair delineation mechanism of property rights will provide a more efficient management model for the community. Practical implications - It is suggested that an overall examination of the way property rights are delineated in Hong Kong is needed to protect the rights of individual property owners, so that a fairer and more efficient system can be in place. Originality/value - This paper argues that the choice of governance structure in a residential community under some special socio-political environments is also facilitated by the legal/regulatory framework delineating property rights. © Emerald Group Publishing Limited.en_US
dc.languageengen_US
dc.publisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/info/journals/pm/pm.jspen_US
dc.relation.ispartofProperty Managementen_US
dc.subjectCommunitiesen_US
dc.subjectGovernanceen_US
dc.subjectProperty Managementen_US
dc.subjectProperty Rightsen_US
dc.titleManaging community in Hong Kong - The political economy perspectiveen_US
dc.typeArticleen_US
dc.identifier.emailLi, LH:lhli@hku.hken_US
dc.identifier.authorityLi, LH=rp01010en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1108/02637470510589995en_US
dc.identifier.scopuseid_2-s2.0-18144423174en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-18144423174&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume23en_US
dc.identifier.issue2en_US
dc.identifier.spage122en_US
dc.identifier.epage136en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridLi, LH=8418463000en_US
dc.identifier.citeulike171952-

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