The management gap : pooled resource governance and decision making within co-operative housing

[摘要] The aim of the research is to find relationships that explain co-operative housinginstitutions through understanding the institution, management board and their decisionmaking preferences. In the process of achieving the explanatory relationship, ananalysis and overview of co-operative housing institutions is conducted with referenceto the individual board member's understanding of the institution. Individuals arereviewed in context of their contractual relationship within the management structureusing a principal-agent continuum conceptualized from agency theory. Individual boardmembers are subsequently required to make a practical decision based on their nowdefined understanding of the co-operative institutional context. This decision recordsindividuals' degree of self-interest behaviour as opposed to the institutional interest andindividuals' responsibility of equitable distribution of common pooled resources.Significant relationships were found to explain the degree of self-interest portrayed byboard members for the cooperative institution and a relationship construct was devisedto illustrate the various aspects. Recommendations were made to reduce the degree ofself-interest behaviour that board members portray in favour of behaviour that is withinthe best interest of the institution.

[发布机构] University of Pretoria