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Article: Property management as property rights governance: Exclusion and internal conflict resolution

TitleProperty management as property rights governance: Exclusion and internal conflict resolution
Authors
KeywordsGovernance
Hong Kong
Property management
Property rights
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. 87-97 How to Cite?
AbstractPurpose - To re-examine the role of property management from an institutional economics perspective. Design/methodology/approach - The role of property management is explored by asking why property management has emerged from the first principle. Then, an analytical framework for property management is put forward. Different dimensions of institutional arrangements, ranging from open access to communal private property or solely owned private property, are discussed in the real estate property context. Findings - The paper shows that a unique feature of property management is its role in excluding outsiders and resolving internal conflicts among the stakeholders of communal private property. Research implications/limitations - This approach opens up a new research agenda for property management. The adoption of different institutional arrangements in property management can be explained by further studies. Practical implications - The efficiency of different institutional arrangements for the governance of communal private property is situation-specific. An endogenous assumption of institutional regime property management practice greatly expands the flexibility of management. Originality/value - This paper is the first to apply an analytical framework for interpreting the institutional arrangements in property management. © Emerald Group Publishing Limited.
Persistent Identifierhttp://hdl.handle.net/10722/81958
ISSN
2015 SCImago Journal Rankings: 0.331
References

 

DC FieldValueLanguage
dc.contributor.authorYiu, CYen_HK
dc.contributor.authorWong, SKen_HK
dc.contributor.authorYau, Yen_HK
dc.date.accessioned2010-09-06T08:23:52Z-
dc.date.available2010-09-06T08:23:52Z-
dc.date.issued2006en_HK
dc.identifier.citationProperty Management, 2006, v. 24 n. 2, p. 87-97en_HK
dc.identifier.issn0263-7472en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81958-
dc.description.abstractPurpose - To re-examine the role of property management from an institutional economics perspective. Design/methodology/approach - The role of property management is explored by asking why property management has emerged from the first principle. Then, an analytical framework for property management is put forward. Different dimensions of institutional arrangements, ranging from open access to communal private property or solely owned private property, are discussed in the real estate property context. Findings - The paper shows that a unique feature of property management is its role in excluding outsiders and resolving internal conflicts among the stakeholders of communal private property. Research implications/limitations - This approach opens up a new research agenda for property management. The adoption of different institutional arrangements in property management can be explained by further studies. Practical implications - The efficiency of different institutional arrangements for the governance of communal private property is situation-specific. An endogenous assumption of institutional regime property management practice greatly expands the flexibility of management. Originality/value - This paper is the first to apply an analytical framework for interpreting the institutional arrangements in 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.subjectGovernanceen_HK
dc.subjectHong Kongen_HK
dc.subjectProperty managementen_HK
dc.subjectProperty rightsen_HK
dc.titleProperty management as property rights governance: Exclusion and internal conflict resolutionen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0263-7472&volume=24&issue=2&spage=87&epage=97&date=2006&atitle=Property+Management+As+Property+Rights+Governance+-+Exclusion+And+Internal+Conflict+Resolutionen_HK
dc.identifier.emailYiu, CY: ecyyiu@hkucc.hku.hken_HK
dc.identifier.emailWong, SK: kelvin.wong@hku.hken_HK
dc.identifier.authorityYiu, CY=rp01035en_HK
dc.identifier.authorityWong, SK=rp01028en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1108/02637470610657989en_HK
dc.identifier.scopuseid_2-s2.0-33646166348en_HK
dc.identifier.hkuros118630en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33646166348&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume24en_HK
dc.identifier.issue2en_HK
dc.identifier.spage87en_HK
dc.identifier.epage97en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridYiu, CY=9248825800en_HK
dc.identifier.scopusauthoridWong, SK=7404591021en_HK
dc.identifier.scopusauthoridYau, Y=12806101900en_HK

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