The Formation of a Market-Oriented Local Property Development Industry in Transitional China: A Shenzhen Case Study

1999 ◽  
Vol 31 (10) ◽  
pp. 1839-1856 ◽  
Author(s):  
J Zhu
Author(s):  
Junfan Yu ◽  
Saskia De Klerk ◽  
Michael Hess

AbstractThis research focuses on how entrepreneurs utilize cronyism to acquire resources. A case study method allowed us to explore three firms in the private property development industry in China. These firms uniquely cultivated cronyism and achieved distinctly different outcomes. Our findings highlight Chinese entrepreneurs in start-up ventures and later-stage enterprises employ cronyism. The underlying rationale for using cronyism have common and heterogeneous motivations. The similarity and distinguishing rationale also apply to the impact of cronyism. We also find two contingency working mechanisms for cronyism: entrepreneurial characteristics and a staged model for cronyism. With the firm’s growth, cronyism remains important, but firms with more community involvement outperform others. This research contributes to the theory on strategic network utilization for resource acquisition during entrepreneurial development stages. We investigate how entrepreneurial strategies can assist in adapting to the “rules of the game” while utilizing resources within the set contextual constraints.


2019 ◽  
Vol 18 (1) ◽  
pp. 173-194 ◽  
Author(s):  
Alison L. Bain ◽  
Loren March

This article offers a multiscalar, sociohistoric account of the spatial struggles of Toronto artists from 1970 until the present to secure affordable living and work space downtown that foregrounds the contemporary role of the cultural philanthropist–developer. It argues that the cultural capital of artists to identify and embody authenticity facilitated temporary spatial claims that supported the development of a local art scene on Queen Street West, but one that became dependent upon, yet vulnerable to, the sociospatial unevenness of cultural philanthropy. Benevolence in arts and culture is not distributed evenly across time and space. Instead, as the case study of the 401 Richmond arts hub reveals, benevolence in its alliances with the real estate market and property development is concentrated in individualized commitments to particular neighborhoods, buildings, and local relationships, which temporally and operationally constrains its policy–transforming potential.


Author(s):  
Alison Gazzard ◽  
Mark Lochrie ◽  
Adrian Gradinar ◽  
Paul Coulton ◽  
Daniel Burnett ◽  
...  

The boardgame of Monopoly has undergone various iterations since it was first published in 1934. Versions have included location-based varieties of the game, involving mobile media devices that have taken the boardgame to the city streets as a way of engaging players with location in new ways. This article examines a new version of Monopoly, titled Local Property Trader that works with NFC/QR code technologies in order to encourage players to move around the city and interact with local businesses. In doing so, the project hopes to highlight how location-based games can use social media data to update a traditional game into more contemporary contexts. Correspondingly, the differences and similarities of taking a boardgame and reworking it for the city streets are explored through ideas surrounding location, player and map as key points of intersection between the two media forms.


Author(s):  
Azlina Md. Yassin ◽  
Haryati Shafii ◽  
Sharifah Meryam Shareh Musa ◽  
Bayan Indera Rubaiah

Purpose: This paper aims to determine the challenges in developing riverside property and to identify the investment performance of riverside property development in Malacca. The research was conducted within the case study area namely The Shore Malacca which built next to Malacca River. This riverside development (The Shore Malacca) not only included residential units but also commercial units. It is believed that this type of development is able to bring up the quality of that particular area which then causes the property price to increase. The results were based on the series of interviews conducted with selected respondent which are person directly involved with the development of The Shore Malacca, as well as reviewed several related documents. From the data, there were several challenges identified in developing riverside property in the case study area, and these challenges were then categorised under three category: minor, moderate and major challenges. Moreover, The Shore Malacca has the best investment performance in year 2015 with a highest occupancy rate and the worst investment performance in 2017 with the lowest number of occupied outlet units. This situation happened due to the shrink of economic and the low purchasing power of buyers in real estate market of Malacca. Therefore, this result will help the investor to make decision to investment in Malacca riverfront development and to enhance the economic value of riverfront areas. Design/methodology/approach: This research adopted qualitative research approach along the research process. The Shore Malacca was selected as a case study area. The results were based on the series of interviews conducted with selected respondent which are person directly involved with the development of The Shore Malacca, as well as reviewed several related documents. Findings: The results has identified several challenges while developing The Shore Malacca, and then categorised under three categories: minor, moderate and major challenges. The results also determined the Shore Malacca has the best investment performance in year 2015 with a highest occupancy rate and the worst investment performance in 2017 with the lowest number of occupied outlet units. This situation happened due to the shrink of economic and the low purchasing power of buyers in real estate market of Malacca. Therefore, this result will help the investor to make decision to investment in Malacca riverfront development and to enhance the economic value of riverfront areas. Research limitations/implications: in this research, investment performance is seen from the business performance (operational) in the Shore Malacca. Since some information is considered confidential especially in terms of profit, the results was not viewed holistically, but were based on respondent justifications. Practical implications: Hopefully, this result will help the investor to make decision to investment in Malacca riverfront development and to enhance the economic value of riverfront areas. Originality/value: This research combines the study of real estate and investment performance. Moreover, this research had employed series of interviews with respective stakeholders that directly involved in the riverfront projects.


1996 ◽  
Vol 28 (9) ◽  
pp. 1575-1602 ◽  
Author(s):  
C M Guy

The development programmes of major grocery retailers in Britain have transformed the retail systems of many urban areas. Impacts upon patterns of consumer behaviour and shopping provision have been substantial. Although many writers have discussed retailers' changing corporate strategies and their implications for new store development, there is still a need for local case studies. In this paper, therefore, processes of change in grocery provision in Cardiff, a city of almost 300000 population, are examined, mainly over a recent twelve-year period. An initial burst of superstore development was accompanied by closures of many small grocery stores owned by multiple and cooperative organisations. Since about 1986, rates of new store development and of store closure have diminished. These changes were superimposed upon a longer term decline in independent food retailing. The question of trading impact is then investigated through associations over time and space of store openings and closures. Although some of the closures in this analysis appear to be explained, it is clear also that certain characteristics of the stores themselves (particularly size and location) were strongly related to the likelihood of closure. This in turn reflected corporate strategies for growth, repositioning, or retrenchment amongst the multiples concerned, mediated through the local property market and land-use planning policies. The conclusion is that the case study clearly exemplifies the impacts of recent events in British retailing, but that further studies are needed to build a comprehensive understanding of retail change at the local level.


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