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Property development, the built environment and privatisation.
Abstract
Subject area
Property development, the built environment and privatisation.
Study level/applicability
Undergraduate and MA level property development courses, modules covering privatisation within undergraduate, MBA and MA level management programmes.
Case overview
Property development is complex and diverse. It involves many agents with diverse roles, strategies and actions that affect the return. In a way, privatisation reduces government's financial burdens and offers ease of procedures to agents. This case study investigates privatisation of property development projects by a local authority in Kuala Lumpur, Malaysia. In particular, the study focuses on modes of privatisation (MOP) and the extent to which it affects the return of the projects. The MOP studied are the land swap, land lease and the joint venture development on 15 selected privatisation projects.
Expected learning outcomes
Students are expected to be able to understand the MOP for land development projects using Malaysia as an example; evaluate the strengths and weaknesses of these MOP; assess the benefits and impacts to the local Malaysian authority, landowners and land developers of MOP; and apply suitable MOP to alternative development projects.
Supplementary materials
Teaching note.
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Keywords
The purpose of this paper is to explain the definition of adequate compensation from the viewpoints of affected landowners, property valuers and land administrators using Kotaka's…
Abstract
Purpose
The purpose of this paper is to explain the definition of adequate compensation from the viewpoints of affected landowners, property valuers and land administrators using Kotaka's Model with special application in Kedah, Malaysia. The fact is that land is a factor of production and must be made available for the provision of infrastructure. In acquiring land for real estate development, compensation must be paid to the affected landowners. An adequate compensation in land acquisition is referred to the open market value of the land taken plus its consequences including severance, injurious affection and disturbances.
Design/methodology/approach
Questionnaires are distributed to the affected 40 landowners, ten property valuers and six land administrators of randomly selected land acquisition projects for public infrastructure land development in the case study areas. Data gathered are analyzed using qualitative descriptive analysis to identify elements of dissatisfactions of landowners upon compensation offered to them.
Findings
The findings show that there are elements of dissatisfactions to the affected landowners by way of the value of land taken, severances, injurious affections, disturbances, delivery of notices and technique of valuation. These dissatisfactions reflect the amount of adequate compensation to the affected landowners and cross‐examined with property valuers and land administrators.
Originality/value
The outcome of the paper will assist landowners, public, and private valuers, land administrators and other stakeholders to understand the elements of dissatisfactions in estimating adequate compensation in land acquisition for infrastructure provision. Otherwise, the affected landowners may refuse to be apart from their lands, hence, restrict the flow of land supply for real estate development. This indicates that Kotaka's Model offers an explanatory power to understand the elements of adequate compensation in land acquisition for infrastructure provision and real estate development.
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The purpose of this paper is to provide an interview with Omar Ismail, a development coach and trainer with a significant wealth of senior level experience. Today he is a…
Abstract
Purpose
The purpose of this paper is to provide an interview with Omar Ismail, a development coach and trainer with a significant wealth of senior level experience. Today he is a well‐established educator, trainer, coach and business consultant.
Design/methodology/approach
This briefing is prepared by an independent interviewer
Findings
Omar Ismail offers advice on how to go about identifying learning and development needs within an organization, how to evaluate the results of training programmes, and the differences between Generation Y and Generation X in their expectations of the workplace.
Practical implications
Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.
Social implications
Provides strategic insights and practical thinking that can have a broader social impact.
Originality/value
Omar has 18 years of development experience, ranging from developing health and well being of personal clients to coaching global CEOs. He specialises in the development of senior executives looking to break the barrier into greatness. Equipped with a comprehensive set of development tools, skills and experience, Omar works with CEOs, managing directors and senior management personnel offering them a challenging experience designed to bring them to a new level of thinking.
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Keywords
Djibouti's political and regional outlook.
Details
DOI: 10.1108/OXAN-DB207209
ISSN: 2633-304X
Keywords
Geographic
Topical
Rafedzah Mohd Som, Ismi Arif Ismail, Zoharah Omar, Siti Noormi Alias and Soaib Asimiran
This study aims to test a public–private partnership (PPP) success model by examining the direct effects of two input factors (facilitative leadership and communication quality…
Abstract
Purpose
This study aims to test a public–private partnership (PPP) success model by examining the direct effects of two input factors (facilitative leadership and communication quality) on an outcome factor, namely, PPP success (PPP project success and PPP relational success), as well as the mediating effect of trust as a process factor on these relationships.
Design/methodology/approach
The present research uses the sociotechnical systems theory as the guiding framework. This is a quantitative study that uses a questionnaire survey and purposive sampling. The respondents comprise 266 public and private sector employees who have been involved in various PPP projects. The data gathered from the survey are analysed using SPSS and structural equation modelling (AMOS version 23.0).
Findings
The findings of this study indicate that facilitative leadership, communication quality and trust are positively correlated with PPP success, that is, PPP relational and PPP project success. Trust is found to mediate the relationship between facilitative leadership and communication quality with PPP success.
Practical implications
This paper upholds the importance of facilitative leadership, communication quality and trust in a PPP setting.
Originality/value
This study enriches the knowledge of PPP projects regarding facilitative leadership, communication quality and trust. It also discusses the vital role of these variables in ensuring PPP success.
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Fatima Shaikh, Gul Afshan and Khalil Ahmed Channa
This study aims to investigate the efforts and role of technology leaders in achieving organizational commitment to sustainability through mediating the role of green HRM…
Abstract
Purpose
This study aims to investigate the efforts and role of technology leaders in achieving organizational commitment to sustainability through mediating the role of green HRM practices and moderating the role of green knowledge sharing.
Design/methodology/approach
This empirical research study is based on two theories: upper echelon theory and social capital theory, in which data were collected from 284 permanent faculty employees belonging to the government, semi-government and private HEIs recognized universities of Pakistan.
Findings
The results confirm that the technology leadership style has a significant impact on organizational commitment to sustainability. Whereas green HRM practices as a mediator and green knowledge-sharing behavior as a moderator have also significant impacts on the organizational commitment to sustainability.
Originality/value
This study integrates the concept of technology leadership as a strategy and green HRM practices as a process that jointly impacts organizational commitment to sustainability.
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Ching Seng Yap, William Keling and Poh Ling Ho
This study aims to explore the influence of internal and external factors on the entrepreneurial performance of rural indigenous women entrepreneurs (RIWEs) in Sarawak.
Abstract
Purpose
This study aims to explore the influence of internal and external factors on the entrepreneurial performance of rural indigenous women entrepreneurs (RIWEs) in Sarawak.
Design/methodology/approach
The study uses a qualitative approach in data collection and analysis. Data are collected by means of a semistructured interview from 19 RIWEs at rural areas in Sarawak. Data are then analyzed using thematic analysis in NVivo software.
Findings
The study finds that RIWEs’ decision to start their business is mainly motivated by pull factors such as ego to succeed, ability to be self-employed and financially independent and to contribute to household income. The important personality traits of RIWEs to succeed in the entrepreneurial venture include self-belief, perseverance, commitment and risk-taking. Functional competencies and relationship competencies are cited as the most important core competencies to succeed. In terms of external factors, social networks, financial resources and support, business training and workshops and government’s preferential treatment policies are found to be important to RIWE’s entrepreneurial success.
Originality/value
This study is one of the few that explores the determinants of successful RIWEs in an emerging economy.
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Farhana Ismail, M. Shabri Abd. Majid and Rossazana Ab. Rahim
The main purpose of this paper is to examine cost efficiencies of the selected Islamic and conventional commercial banks over the period of 2006 to 2009 in Malaysia.
Abstract
Purpose
The main purpose of this paper is to examine cost efficiencies of the selected Islamic and conventional commercial banks over the period of 2006 to 2009 in Malaysia.
Design/methodology/approach
Data envelopment analysis (DEA) was initially used, to investigate the cost efficiency of the Malaysian banking sector and followed by Tobit regression analysis determine factors influencing the efficiency of Islamic and conventional banks in Malaysia.
Findings
The DEA results reveal technical efficiency as the main contributor of cost efficiency for conventional commercial banks and allocative efficiency as the main contributor for cost efficiency of Islamic commercial banks. This indicates conventional commercial banks have been efficient in utilizing information technology and electronics. Islamic commercial banks conversely have been efficient in allocating and utilizing their resources. Additionally, scale efficiency is found to be the main source of technical efficiency for both Islamic and conventional commercial banks, denoting that size is important in improving bank efficiency. The results of Tobit regression analysis are twofold. First, it documents capitalization and bank sizes are positively and significantly associated to efficiency. Secondly, loan quality is found to be negatively and significantly associated to efficiency.
Originality/value
This paper contributes to the body of knowledge through its literature discussions on the efficiency of both Islamic and conventional banks and the effect of banks' specific characteristics on their efficiency.
Djibouti port management
Details
DOI: 10.1108/OXAN-DB230565
ISSN: 2633-304X
Keywords
Geographic
Topical
Siti Noratisah Mohd Nafi, Mathivannan Jaganathan and Mohd Abidzar Zainol Abidin
The world we are living today is faced with social challenges that call for radical innovation. The rapid pace of technological developments played a key role in delivering social…
Abstract
The world we are living today is faced with social challenges that call for radical innovation. The rapid pace of technological developments played a key role in delivering social developments in a cautious manner that will ensure a promising future for social capital. Social innovation is a phenomenon that is put forward to urge countries to find solution to address the recurring problems of social inequalities that were not able to be eliminated by the existing rules and policies. It involves understanding the complexity of the society ecosystem and task calls for a partnership and networks between the nonprofit, public, and private sectors. This chapter explains how Malaysia utilizes public–private partnership to promote social innovations in the country. Through the 11th Malaysia Plan, Malaysia envisages to put forward the well-being and development of the people through social innovation to balance between the social and economic development. In order to fulfill this aim, Malaysia has implemented various programs and policies through the social innovation ecosystem that has been formed. The ecosystem is comprised of four initiatives, which includes microfinancing; social entrepreneurship; public service delivery; and grassroots innovation of science and technology. These initiatives will be collaboratively developed using the concept of 4P, which is the public, private, people, and professionals. Each of this initiative is discussed thoroughly in this chapter alongside with the programs and policies that have been carried out since then. Additionally, the chapter also includes the discussion on the issues and challenges that could be seen and presumed to be the hindrance to the success of the social innovation development.
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