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A study of the impact of privatization of public retail facilities on the tenants in Hong Kong

by Tang, Po-yi

Abstract (Summary)
(Uncorrected OCR) December 2004 Abstract Privatization is simply means a process involving the transfer of existing assets from public to private sector. This research study was aimed at the investigation of the impacts of privatization of public retail facilities on the tenants in Hong Kong. The background study of this research study provide a comprehensive picture covered the discussion on topics of privatization in the public housing development in Hong Kong, development of public shopping centres and the rationale of the application of the concept of privatization in public retail facilities by Housing Authority (HA). In the literature review, the studies on the definition and concept of privatization, different forms of privatization, different groups of people affected by privatization and different macro and micro impacts after privatization were learned. In the macro impact of privatization, it included profitability, efficiency, social, fiscal, capital market development and foreign direct investment. For the different groups of people affected by privatization, it included management and employees of privatized firms, bureaucrats, trade unions and general public. While in the micro impacts of privatization, there are differences between private and public sectors on employee behaviors and management style on the management of the retail facilities in the aspects of the rental policy, promotion policy and tenancy management. With these differences, micro impacts are mainly affecting the tenants while in the process of privatization. Finally, the affected tenants will consider 4 December 2004 exiting or continuing the relationship with the privatized organization. Also, the confident level between the tenant and landlord would be affected. The long exit model was in use to analyze the tenant and landlord relationship. In this moment, their views on the existing policy and their understanding to the future changes and whether they would continue their businesses are very important. Because this would affect the success of strategy and the generated revenue of the new privatized organization, a survey to the affected tenants on the impacts of the privatization of RC facilities by HA to the tenants was conducted and the data was also analyzed. Finally, a conclusion and recommendation on the privatization of public retail facilities was integrated at the end of this research study. 5
Bibliographical Information:

Advisor:

School:The University of Hong Kong

School Location:China - Hong Kong SAR

Source Type:Master's Thesis

Keywords:shopping centers china hong kong public housing privatization retail trade landlord and tenant attitudes

ISBN:

Date of Publication:01/01/2005

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