Abstract
Property management company (PMC) plays an important role in housing institutions in some countries such as China. Through both theoretical analysis and empirical study in Chongqing, China, I analyze various configurations of PMC in housing institutions. In the case of private community, I argue that “to make or to buy” analogy is only applicable to HOA (Homeowners Association) alone vs. HOA hiring a PMC. The former requires expertise in property management, which cannot be easily obtained where multi-owned housing is the dominant housing type. The sources of efficiency of PMC also include competition among them that forms an efficient market in local governance. In general, it is safe to say that when the scope of services is narrow, PMC can play an important role in local governance.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
