Dongjie, Y (2018) How to choose the agent construction mode in Chinese government investment projects? PhD thesis, ISCTE - Instituto Universitario de Lisboa, Portugal.
Abstract
The complexity of managing government investment projects arrives, among others, from the fact it involves many stakeholders. Managerial problems in government investment projects resulting in inefficiencies, waste of resources, and delays often appear in China. Government departments used to control all the aspects of a project, including construction, investment, management, and use which result in waste and rent-seeking behaviors. On July 25, 2004, the state council published the document "Decision on Investment System Reform" which clearly put forward the requirements of using construction agents in non-profit government investment projects. Methods of selecting and managing construction agents are different in different regions in China.We adopted qualitative research methods. First, we analyzed the principal-agent relationships and the information asymmetry in construction agent models, and discussed the theory methods to abate information asymmetry and decrease the moral hazard problem. Then we investigated five construction agent modes in five regions of China, and analyzed the project process and management methods. We found that these modes could be split into two types of construction agent models: "market competitive agent" construction model and "administrative agent" construction model. Finally, we analyzed CIXI city’s construction agent model in non - profit government investment project, and found that CIXI also used an “administrative agent" construction model. Therefore, we thought that although market competitive construction agent model is better than administrative construction agent model in theory, the latter might be a contingent way to adapt to the environment in the transition economy period that China is living.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Simoes, C and Bingjie, W |
| Uncontrolled Keywords: | China; complexity; government; investment; market; moral hazard; qualitative research; research methods; transition economy |
| Index terms: | non-profit, qualitative research method, moral hazard, profit, information asymmetry, agent, China, transition economy, complexity, qualitative research, management method |
| Subjects: | transaction economics, organization, practitioner, economic analysis, economic development, financial risk, Geography, research design and methodology, management, systems engineering |
| Topics: | International Construction, Roles and Professions, Cost Management, Business Strategy, Research Practice, Engineering Principles, Geographical Context |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here