Estimating financial information asymmetry in real estate transactions in China - An application of two-tier frontier model

Pu, Ganlin; Zhang, Ying; Chou, Li-Chen

doi:10.1016/j.ipm.2021.102860

Cited by 13 publications

(7 citation statements)

References 39 publications

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“…Value optimization during the cost, involvement, and engineering management stages is key to further increasing value creation. Lastly, value cocreated during marketing and customer relationship management can help SOEs avoid losing potential customers and promote value creation in pursuit of sustainable development, reducing information asymmetry in the real estate industry (Pu et al, 2022). This study provides a comprehensive understanding of project management in real estate, explores the role of information technology in life cycle management, and offers valuable insights for policymakers and industry managers.…”

Section: Discussionmentioning

confidence: 99%

Value Creation and Sustainable Project Management

Cao²,

Cheng³

et al. 2023

Journal of Cases on Information Technology

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The literature emphasizes the crucial role of state-owned enterprises (SOEs) in fostering economic growth and addressing public demands. However, ensuring the sustainable development of SOEs requires further research to investigate sustainable project management with a focus on value creation. Accordingly, the authors conducted a case study of a prominent real estate SOE in China to examine how SOEs can alter their project management practices and achieve a more sustainable business model. The findings reveal that adopting a whole life-cycle management system can promote value refinement, optimization, and co-creation, enabling SOEs to achieve value creation through sustainable management. This study offers useful insights for policymakers and business executives in China and contributes to the literature on sustainable project management and value creation.

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Section: Discussionmentioning

confidence: 99%

Value Creation and Sustainable Project Management

Cao²,

Cheng³

et al. 2023

Journal of Cases on Information Technology

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“…Ruttan et al [23] defined the common production function as the envelope formed by the most efficient production sites among the groups. is innovative concept provided a more appropriate basis for further analysis and reduced the misgivings of comparative analysis errors between groups [24][25][26]. en, Lau and Yotopoulos [27], and Kim and Lau [28] applied and conducted empirical analysis of cross-country data.…”

Section: Reflections On Estimation Methodologiesmentioning

confidence: 99%

Applying Meta-Frontier Approaches to Profitability Estimation: In Case of the Effects of Official Independent Directors

Xu¹,

Chou

et al. 2022

Mathematical Problems in Engineering

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The meta-frontier approach can mathematically understand the production dynamics. With the help of meta-frontier approach differences, the efficiency of income and earnings between companies with different structure can be estimated. Considering the great influence of independent directors on the economic market, this study estimated such effects from the perspective of production function models. It is found that the revenue efficiency results can be optimized without considering the technology heterogeneity for listed companies. When considering the common production boundary, there is an issue that the revenue efficiency of listed companies that own official independent directors is lower than other listed companies that without official independent directors, and the empirical results show that the withdrawal of official independent directors in the market has a positive impact on the profitability of the company.

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“…One of the pioneers of game theory is Gintis [30], whom analyzed the consciousness, habits, behaviors, interests, and psychological states of market designers, predators, and prey from a game perspective, and furthermore analyzed the nature of the market. e game theory proposes to apply well-developed theories in fields such as gambling, art of war, and psychology to find out the internal laws of the market and analyze the problems in trading concept, mentality, and habits, so that traders can trade calmly and produce stable income [31,32]. erefore, based on the game analysis theory, this paper analyzed the gaming order in the dual-channel supply chain strategy where the manufacturer and the seller share demand information [26]: (1) the manufacturer decides the prices through direct selling channel (decision variable) after negotiating with the seller when they share demand information (e.g., the sellers' prediction for total market demand) with the manufacturer;…”

Section: Decision-making Model Of Dual-channel Supply Chainmentioning

confidence: 99%

Optimized Demand Information Sharing Model of Dual-Channel Supply Chain in E-Commerce

Song

Zhou

et al. 2022

Mathematical Problems in Engineering

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In the dual-channel supply chain, the relationship between the electronic direct selling channel and the traditional selling channel is situated in an antagonistic game. The present study used the master-slave game model to analyze the dual-channel supply chain structure, where the manufacturer is the leader of the game, and the seller is the follower of the game. Based on the game analysis theory, the game order of manufacturer and seller is analyzed in the state of demand information sharing. The decision model of each member in the dual-channel supply chain is constructed, and the optimal production decision and product price decision under the demand information sharing between the seller and the manufacturer are determined by the reverse induction method. The expected economic benefits of both are calculated, respectively. The experimental results showed that the economic benefit of the model is higher than that of the traditional demand information nonsharing model, which could enhance the economic benefit of the manufacturer and the seller at the same time and alleviate the contradiction between the electronic direct selling channel and the traditional selling channel.

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Estimating financial information asymmetry in real estate transactions in China - An application of two-tier frontier model

Cited by 13 publications

References 39 publications

Value Creation and Sustainable Project Management

Value Creation and Sustainable Project Management

Applying Meta-Frontier Approaches to Profitability Estimation: In Case of the Effects of Official Independent Directors

Optimized Demand Information Sharing Model of Dual-Channel Supply Chain in E-Commerce

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