Tse, R Y C and Love, P E D (2001) Property rights implications of public-private joint ventures: A comment. Construction Management and Economics, 19(7), pp. 663-668. ISSN 01446193
Abstract
Wong, K. C. and Walker, A. (2000) Construction Management and Economics, 18(2), 131-138 have argued that co-operative joint venture arrangements (with state enterprises in the People's Republic of China) reduce the dissipation of rent under public ownership, which leads to an apparent transfer of shares from the public institution to the private developer. This proposition is challenged, and it is demonstrated using economic analysis that co-operative joint ventures between Hong Kong and China are a feasible option for developers and public institutions.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | China; Hong Kong; joint ventures; property development |
| Index terms: | operative, ownership, China, property rights, property development, economic analysis, Hong Kong, option, joint venture |
| Subjects: | business, design analysis, real estate economics, economics, decision analysis, Geography, economic development, practitioner |
| Topics: | Organizational Design, Business Strategy, Roles and Professions, Geographical Context, Risk Management, Urban Studies, Design Practice |
| Descriptive scope: | 3 PCA |
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