The evolution of institutional arrangements to support the internationalisation of real estate involvements
The evolution of institutional arrangements to support the internationalisation of real estate involvements
复制标题
支持房地产国际化的制度安排的演变
DOI：
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发表时间：
2009
期刊：
影响因子：
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通讯作者：
É. D’Arcy
中科院分区：
文献类型：
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作者：
É. D’Arcy
目的-本文的目的是提供一个制度安排的演变，以支持在欧洲市场的真实的房地产参与国际化的分析。设计/方法/途径-本文运用广泛的制度经济学方法研究市场，首先概述了支持国际化的制度安排的市场理性，然后考察了这种安排在欧洲真实的背景下是如何演变的。房地产市场。结果-重大的新的制度安排已经发展到支持国际化的真实的房地产参与在欧洲。解决信息成本和国际化所带来的新信息要求的必要性是体制形成的一个关键驱动力。国际化的监管和非正式障碍也是支持国际化的新制度安排演变的重要驱动力。总的来说，新的制度安排...
Purpose – The purpose of this paper is to provide an analysis of the evolution of institutional arrangements to support the internationalisation of real estate involvements in European markets.Design/methodology/approach – Using a broadly institutional economics approach to markets the paper first outlines a market rational for institutional arrangements to support internationalisation and then examines how such arrangements have evolved in the context of European real estate markets.Findings – Significant new institutional arrangements have evolved to support the internationalisation of real estate involvements in Europe. The need to address the information costs and new information requirements necessitated by internationalisation has been a key driver of institutional formation. Both regulatory and informal barriers to internationalisation have also been important drivers of the evolution of new institutional arrangements to support internationalisation. Taken collectively the new institutional arrange...