The formation of owners’ corporations in Hong Kong’s private housing estates: A probit evaluation of Mancur Olson’s group theory

Abstract

This paper uses a probit model to analyse 100 observations in terms of three hypotheses about the formation of owners’ corporations in high‐density private housing estates in Hong Kong within the context of Mancur Olson’s group theory. The findings do not reject the theory, revealing that it is more likely for an older urban estate with fewer owners to form owners’ corporations. The discussion includes a brief introduction to Olson’s group theory and the development of the probit analysis. Some speculative thoughts about public participation in local level urban management and planning are offered in the conclusion.

Citation

Wai‐Chung Lai, L. and Yik‐Long Chan, P. (2004), "The formation of owners’ corporations in Hong Kong’s private housing estates: A probit evaluation of Mancur Olson’s group theory", Property Management, Vol. 22 No. 1, pp. 55-68. https://doi.org/10.1108/02637470410525491