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Abisuga, O (2020) Integrated collaborative facilities management framework for post-occupancy evaluation of higher education facilities, Unpublished PhD Thesis, , University of New South Wales.
Afzal, F (2019) A framework to improve sustainability performance of construction organisations, Unpublished PhD Thesis, , University of New South Wales.
Ahmadian Fard Fini, A (2017) Optimizing crew performance through integration of human resource strategies into planning of construction activities, Unpublished PhD Thesis, , University of New South Wales.
Aljassmi, H A (2013) Analysis of complex mechanisms of defect generation in construction projects, Unpublished PhD Thesis, , University of New South Wales.
Alrasheed, H (2015) A socio-ecological framework for improving the psychological health of foreign workers in developing countries: The case of saudi construction industry, Unpublished PhD Thesis, , University of New South Wales.
Boadu, E (2022) A framework for promoting health and safety through procurement in the construction industry in developing countries: A case of Ghana, Unpublished PhD Thesis, , University of New South Wales.
Chand, A (2015) A socio-ecological resilience perspective to enhance hospital service delivery resilience to extreme weather events, Unpublished PhD Thesis, , University of New South Wales.
Chandra, S (2006) Investigating green building assessment tools: a risk-analysis based approach, Unpublished PhD Thesis, , University of New South Wales.
Chandra, V (2007) An investigation of cultural learning during the hospital process from a facilities management perspective, Unpublished PhD Thesis, , University of New South Wales.
Cooke, J R (1973) Methods of documentation and administration of building contracts, Unpublished PhD Thesis, , University of New South Wales.
Coolican, A M (1989) A history of industrial relations in the Sydney building trades, 1870-1914 , Unpublished PhD Thesis, , University of New South Wales.
Cooper, A A (1971) An economic study of housing production and associated works in Australia, Unpublished PhD Thesis, , University of New South Wales.
Dave, M (2019) High performance prefab housing: towards an evaluation framework for design, sustainability and affordability, Unpublished PhD Thesis, , University of New South Wales.
Deng, Z M (1995) Extended state space modelling and influence diagrams for construction processes and aids, Unpublished PhD Thesis, , University of New South Wales.
Denny-Smith, G (2022) The social value of indigenous procurement policies in the Australian construction industry, Unpublished PhD Thesis, , University of New South Wales.
Forsythe, P (2003) The role of service quality as a determinant of customer satisfaction in residential construction, Unpublished PhD Thesis, , University of New South Wales.
Galea, N R (2018) Built for men: Institutional privilege in the Australian construction industry, Unpublished PhD Thesis, , University of New South Wales.
Habibi Rad, M (2022) Impact of lean construction on contractor performance and organisational resilience in post-disaster infrastructure projects, Unpublished PhD Thesis, , University of New South Wales.
Heng, H K S (2010) Information brokerage in hospital facilities management: A social network perspective, Unpublished PhD Thesis, , University of New South Wales.
Ho, M F C (2003) Ethics management in a construction organisation: Employees' attitudes to corporate codes of ethics, Unpublished PhD Thesis, , University of New South Wales.
Hong, Y C (2018) Modelling and evaluating the adoption of building information modelling in Australian and Chinese small and medium-sized construction organisations, Unpublished PhD Thesis, , University of New South Wales.
Hunt, P (2021) The business case for sustainable development in the Australian built environment, Unpublished PhD Thesis, , University of New South Wales.
Hutcheson, J M (1980) Administration of building contracts with particular reference to the builder's financial control, Unpublished PhD Thesis, , University of New South Wales (Australia).
Hutcheson, J M (1979) Administration of building contracts with particular reference to the builder's financial control, Unpublished PhD Thesis, , University of New South Wales.
Hwang, H (2011) Rational irrationality: The making of property decisions in firms as a part of resource allocation processes - a Korean example, Unpublished PhD Thesis, , University of New South Wales.
- Type: Thesis
- Keywords: economic theory; institutional economics; neoclassical economics; decision making; markets; resource allocation; employee; owner; asset specificity; bounded rationality; culture; efficiency; motivation; ownership; rationality; transaction cost; interview;
- ISBN/ISSN:
- URL: http://hdl.handle.net/1959.4/51567
- Abstract:
According to the profit maximising assumption and neoclassic economics view of the behaviour of the firm, no firm is expected to behave differently in the market or it will be forced out of the market by incurring higher costs than the competitors. This research aims to investigate how property decisions as a part of resource allocation processes can be understood away from seemingly unrealistic and restrictive view of neoclassical economic theory of the nature of the firm and what motivates firms to behave in such ways that are observed in property markets. By internalising incurring transaction costs, accepting the bounded rationality of people involved in property decision-making and recognising asset specificity, what a firm achieves is a new set of motivational assumptions which are distinguished from the theory of neoclassical economics on the nature of the firm. This new set of behavioural assumptions, derived from institutional economics, provides a little more realism to understanding the nature of the firm. It is also expected to broaden microeconomics approach into property decision making behaviours. Questionnaires given to asset and property managers in property markets in Korea for the interfirm-level behaviour of firms and interviews with employees in corporations in Korea provided insights into how property decisions are made as a part of resource allocation processes and the past experiences of firms in property markets for both an examination of intra- and interfirm-level behaviour. The aim of the research is achieved with illustrating of a theoretical property decision mechanism for a firm. By synthesising a theoretical framework of assumptions of firms’ behaviour and the results from the analysis, the theoretical mechanism will be formulated and presented as a two parts algorithm illustrating how property decisions are made internally and consequently in the property markets. Non-monetary values of property, which include values of property ownership and attributed values of property, were identified to motivate firms to take one of the proposed initial positions. Inefficiency in the property market often forces firms to reposition themselves in the market. The culture which is formed by the authority figures in the corporate structure, also affected property decisions in the property market.
Kabirifar, K (2022) Effective construction and demolition waste management assessment: A case of Australian large construction companies, Unpublished PhD Thesis, , University of New South Wales.
Kaboli, A (2014) Cost and emissions analysis of earthmoving operations, Unpublished PhD Thesis, , University of New South Wales.
Karunaratne, B M (1994) A new method of analysis for cyclic construction operations using systems engineering approach, Unpublished PhD Thesis, , University of New South Wales.
Khalil, K (1994) An evaluation of managerial knowledge and skills of technical professionals in the construction industry in Malaysia, Unpublished PhD Thesis, , University of New South Wales.
Kim, S M (2019) Tenants' leasing motivators and decisions about the greenness of office buildings and their rental, Unpublished PhD Thesis, , University of New South Wales.
Kim, Y-S (1994) The development and application of a probabilistic model for risk analysis of life cycle cost predictions: For apartment buildings constructed by the Korea National Housing Corporation in Seoul, Korea , Unpublished PhD Thesis, , University of New South Wales.
Lam, K C (1997) The optimisation of financial decision in a contracting firm, Unpublished PhD Thesis, , University of New South Wales (Australia).
Lam, K-c (1997) The optimisation of financial decisions in a contracting firm, Unpublished PhD Thesis, , University of New South Wales.
Li, Y (2015) Sense of home in post-disaster reconstruction: A study of resident experiences of living in rebuilt houses after the wenchuan earthquake in China, Unpublished PhD Thesis, , University of New South Wales.
Liu, L (2003) Models of enterprise-level project performance: Comparative studies of organizational form, control mode and feedback mechanisms in the construction and it services industries, Unpublished PhD Thesis, , University of New South Wales.
Liu, Y M (2005) A holistic approach to developing generic vs. regionally specific frameworks for sustainable building tools, Unpublished PhD Thesis, , University of New South Wales.
Matsuzaki, H (1995) Construction industry unionism in Japan, Unpublished PhD Thesis, , University of New South Wales.
McLaren, M (2018) An investigation of swift trust formation in disaster management teams, Unpublished PhD Thesis, , University of New South Wales.
Mohd Ishak, S S B (2014) Resistance factors to technology innovation in construction organisations, Unpublished PhD Thesis, , University of New South Wales.
Moon, S (2014) Dynamic control of supply chain quality to improve process performance in construction, Unpublished PhD Thesis, , University of New South Wales.
Ong, E M S (2008) Trust, commitment, satisfaction and learning in construction project teams, Unpublished PhD Thesis, , University of New South Wales.
Paterson, I (1981) Contractors' risk and insurance in the Australian building industry, Unpublished PhD Thesis, , University of New South Wales.
Perera, W A S (2018) An investigation into developing productive construction environments to improve quality performance in Australian building construction, Unpublished PhD Thesis, , University of New South Wales.
Qu, Y (2017) An investigation of opportunistic behaviour in public-private partnerships, Unpublished PhD Thesis, , University of New South Wales.
Rahnamayie Zekavat, P (2014) Performance assessment of agile communication in construction, Unpublished PhD Thesis, , University of New South Wales.
Recsei, R A (1998) A generalised decision support system for contaminated site management, Unpublished PhD Thesis, , University of New South Wales (Australia).
Ridyard, J (1976) Computer based management games for the building industry, Unpublished PhD Thesis, , University of New South Wales.
Salehudin, M S B (2012) Developing sustainable resorts in developing countries: A proposed new generation rating framework for Malaysia, Unpublished PhD Thesis, , University of New South Wales.
Seemann, K W (1997) The socio-technical sustainability of shelter systems and hardware in remote indigenous Australian communities, Unpublished PhD Thesis, , University of New South Wales.
Shahbazi, B (2020) A mathematical optimization approach to account for career development, job security, and job satisfaction in human resource planning in construction organizations, Unpublished PhD Thesis, , University of New South Wales.
Slay, P G R (2019) Development of an ontology for project management success criteria and associated technical and personal competencies in an Australian engineering context, Unpublished PhD Thesis, , University of New South Wales.
Sufianto, H (2013) A fire safety improvement framework for residential buildings: A socio-ecological behaviour modification approach, Unpublished PhD Thesis, , University of New South Wales.
Sunindijo, R (2012) Skills for developing safety climate in construction projects, Unpublished PhD Thesis, , University of New South Wales.
Ta'i, B (1994) Critical evaluation of stormwater management practices on urban construction sites in the Sydney region, Unpublished PhD Thesis, , University of New South Wales.
Teo, A L E (1997) Strategic market positioning in the construction industry: Model for evaluating mobility and diversification, Unpublished PhD Thesis, , University of New South Wales.
Teo, M M M (2009) An investigation of community-based protest movement continuity against construction projects, Unpublished PhD Thesis, , University of New South Wales.
Tran, H V (2013) Contractor internal profiling of owners, Unpublished PhD Thesis, , University of New South Wales.
Trethewy, R (2002) Influences on subcontractor OHS management outcomes in construction, Unpublished PhD Thesis, , University of New South Wales.
Trethewy, R W (2003) Influences on subcontractor OHS management outcomes in construction, Unpublished PhD Thesis, , University of New South Wales (Australia).
Uher, T E (1990) The effect of risks and uncertainties on subcontract bid prices, Unpublished PhD Thesis, , University of New South Wales.
Wang, R (2015) The virtual learning experience: Learning styles, task complexity and presence in the context of emerging VR technologies, Unpublished PhD Thesis, , University of New South Wales.
Wang, Z (2019) Effects of main contractors' service quality on subcontractors' behaviours and project outcomes in the Chinese construction industry, Unpublished PhD Thesis, , University of New South Wales.
Wang, Z (2014) Housing pathways and homeownership determinants of the young middle class in beijing, China, Unpublished PhD Thesis, , University of New South Wales.
Xiao, P (2018) Development of colletive intelligence for building energy efficiency, Unpublished PhD Thesis, , University of New South Wales.
Yamaguchi, H (2002) Risk allocation in privately financed projects, Unpublished PhD Thesis, , University of New South Wales.
Zaid Alkilani, S (2018) Performance measurement and improvement model for small and medium contractors in developing countries, Unpublished PhD Thesis, , University of New South Wales.
Zhang, Q (2021) Key influencing factors of corporate social responsibility implementation in the Chinese construction industry, Unpublished PhD Thesis, , University of New South Wales.