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postgraduate thesis: The co-operative building society : Olsonian group theory and economic factor analyses

TitleThe co-operative building society : Olsonian group theory and economic factor analyses
Authors
Advisors
Advisor(s):Chau, KWLai, LWC
Issue Date2013
PublisherThe University of Hong Kong (Pokfulam, Hong Kong)
Citation
Kwong, W. [鄺偉賢]. (2013). The co-operative building society : Olsonian group theory and economic factor analyses. (Thesis). University of Hong Kong, Pokfulam, Hong Kong SAR. Retrieved from http://dx.doi.org/10.5353/th_b5106515
AbstractThis thesis uses Hong Kong’s empirical data to refute “Olson’s conjecture,” which stated that it is harder for a smaller group than a larger group to disintegrate. It investigates the rise and fall of the civil servants’ co-operative building society, which was a special form of housing arrangement for civil servants in Hong Kong that began in the 1950s. The focus is on the voluntary dissolution of civil servants’ co-operative building societies. Members of a society have a choice to maintain the status quo or opt for dissolution to potentially increase the value of their properties. Olson’s group theory (Olson 1965) and neo-classical economics factors were adopted to evaluate the decision time (i.e., from 1985 until the dissolution date) of the co-operative building society. Group size, land value, the real option value of redevelopment, and the overall housing market sentiment were significant factors that affected the timing of the dissolution of each co-operative building society.
DegreeDoctor of Philosophy
SubjectCivil service - Housing - China - Hong Kong
Dept/ProgramReal Estate and Construction
Persistent Identifierhttp://hdl.handle.net/10722/193424

 

DC FieldValueLanguage
dc.contributor.advisorChau, KW-
dc.contributor.advisorLai, LWC-
dc.contributor.authorKwong, Wai-yin-
dc.contributor.author鄺偉賢-
dc.date.accessioned2014-01-06T23:09:13Z-
dc.date.available2014-01-06T23:09:13Z-
dc.date.issued2013-
dc.identifier.citationKwong, W. [鄺偉賢]. (2013). The co-operative building society : Olsonian group theory and economic factor analyses. (Thesis). University of Hong Kong, Pokfulam, Hong Kong SAR. Retrieved from http://dx.doi.org/10.5353/th_b5106515-
dc.identifier.urihttp://hdl.handle.net/10722/193424-
dc.description.abstractThis thesis uses Hong Kong’s empirical data to refute “Olson’s conjecture,” which stated that it is harder for a smaller group than a larger group to disintegrate. It investigates the rise and fall of the civil servants’ co-operative building society, which was a special form of housing arrangement for civil servants in Hong Kong that began in the 1950s. The focus is on the voluntary dissolution of civil servants’ co-operative building societies. Members of a society have a choice to maintain the status quo or opt for dissolution to potentially increase the value of their properties. Olson’s group theory (Olson 1965) and neo-classical economics factors were adopted to evaluate the decision time (i.e., from 1985 until the dissolution date) of the co-operative building society. Group size, land value, the real option value of redevelopment, and the overall housing market sentiment were significant factors that affected the timing of the dissolution of each co-operative building society.-
dc.languageeng-
dc.publisherThe University of Hong Kong (Pokfulam, Hong Kong)-
dc.relation.ispartofHKU Theses Online (HKUTO)-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rightsThe author retains all proprietary rights, (such as patent rights) and the right to use in future works.-
dc.subject.lcshCivil service - Housing - China - Hong Kong-
dc.titleThe co-operative building society : Olsonian group theory and economic factor analyses-
dc.typePG_Thesis-
dc.identifier.hkulb5106515-
dc.description.thesisnameDoctor of Philosophy-
dc.description.thesislevelDoctoral-
dc.description.thesisdisciplineReal Estate and Construction-
dc.description.naturepublished_or_final_version-
dc.identifier.doi10.5353/th_b5106515-
dc.date.hkucongregation2013-

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