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Article: Private property rights, culture, property management and sustainable development

TitlePrivate property rights, culture, property management and sustainable development
Authors
KeywordsEnvironmental studies
Property management
Property rights
Resource management
Sustainable development
Issue Date2006
PublisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/info/journals/pm/pm.jsp
Citation
Property Management, 2006, v. 24 n. 2, p. 71-86 How to Cite?
AbstractPurpose - The purpose of this paper is to theorise on the nature of property management broadly understood as resource management and demonstrate the actual and potential contribution of innovative property management to sustainable development. Design/methodology/approach - The approach is analytical and backed by real life examples, using concepts of property rights informed by Coasian neo-institutional economics and Yu's ideas on the Schumpeterian process in innovation. Findings - There is a fast spread of gated communities in the Pearl River Delta and some private shopping centres provide public facilities and entertainment as a public relation method. Research limitations/implications - The transformation of negative externalities into positive ones is the crux to achieve win-win solutions to property management for sustainable development. Practical implications - A good property manager does not simply perform the role of a passive housekeeper or management fee collector. S/he is, above all, an innovator who applies updated technology and concepts with great sensitivity to the externalities generated by or affecting the resource s/he manages. Originality/value - This is the first paper that defines for property management a research agenda anchored in Coasian economics and demonstrate the actual and potential contribution of property management. © Emerald Group Publishing Limited.
Persistent Identifierhttp://hdl.handle.net/10722/81835
ISSN
2015 SCImago Journal Rankings: 0.331
References

 

DC FieldValueLanguage
dc.contributor.authorLai, LWCen_HK
dc.date.accessioned2010-09-06T08:22:31Z-
dc.date.available2010-09-06T08:22:31Z-
dc.date.issued2006en_HK
dc.identifier.citationProperty Management, 2006, v. 24 n. 2, p. 71-86en_HK
dc.identifier.issn0263-7472en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81835-
dc.description.abstractPurpose - The purpose of this paper is to theorise on the nature of property management broadly understood as resource management and demonstrate the actual and potential contribution of innovative property management to sustainable development. Design/methodology/approach - The approach is analytical and backed by real life examples, using concepts of property rights informed by Coasian neo-institutional economics and Yu's ideas on the Schumpeterian process in innovation. Findings - There is a fast spread of gated communities in the Pearl River Delta and some private shopping centres provide public facilities and entertainment as a public relation method. Research limitations/implications - The transformation of negative externalities into positive ones is the crux to achieve win-win solutions to property management for sustainable development. Practical implications - A good property manager does not simply perform the role of a passive housekeeper or management fee collector. S/he is, above all, an innovator who applies updated technology and concepts with great sensitivity to the externalities generated by or affecting the resource s/he manages. Originality/value - This is the first paper that defines for property management a research agenda anchored in Coasian economics and demonstrate the actual and potential contribution of property management. © Emerald Group Publishing Limited.en_HK
dc.languageengen_HK
dc.publisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/info/journals/pm/pm.jspen_HK
dc.relation.ispartofProperty Managementen_HK
dc.subjectEnvironmental studiesen_HK
dc.subjectProperty managementen_HK
dc.subjectProperty rightsen_HK
dc.subjectResource managementen_HK
dc.subjectSustainable developmenten_HK
dc.titlePrivate property rights, culture, property management and sustainable developmenten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0263-7472&volume=24&issue=2&spage=71&epage=86&date=2006&atitle=Private+Property+Rights,+Culture,+Property+Management+and+Sustainable+Developmenten_HK
dc.identifier.emailLai, LWC:wclai@hku.hken_HK
dc.identifier.authorityLai, LWC=rp01004en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1108/02637470610657970en_HK
dc.identifier.scopuseid_2-s2.0-33646197323en_HK
dc.identifier.hkuros123146en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33646197323&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume24en_HK
dc.identifier.issue2en_HK
dc.identifier.spage71en_HK
dc.identifier.epage86en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLai, LWC=7202616218en_HK
dc.identifier.citeulike714629-

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