Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor | Department of Building and Real Estate | en_US |
| dc.contributor.advisor | Sun, Yi (BRE) | en_US |
| dc.creator | Lai, Hon Kwan Cherrie | - |
| dc.identifier.uri | https://theses.lib.polyu.edu.hk/handle/200/13964 | - |
| dc.language | English | en_US |
| dc.publisher | Hong Kong Polytechnic University | en_US |
| dc.rights | All rights reserved | en_US |
| dc.title | Developing an entrepreneurial public-private partnership for senior housing in Hong Kong | en_US |
| dcterms.abstract | Over the past two decades, Hong Kong has experienced a significant demographic ageing. In response, the Government of the Hong Kong Special Administrative Region launched a land concession initiative in 2003 to incentivise private sector development of senior housing, particularly in licensed residential care homes for the elderly (RCHEs). However, high land costs and policy constraints have hindered market growth. Recent studies suggest that public–private partnerships (PPPs) are a promising alternative for addressing these challenges. | en_US |
| dcterms.abstract | This study proposes the entrepreneurial public-private partnership (EPPP) framework – a novel business model that synthesises three theoretical foundations: (1) Hart’s incomplete contracts theory, (2) Villani et al.’s value creation model for healthcare PPPs, and (3) Schumpeterian social entrepreneurship theory. Designed to deliver both economic and social value in senior housing projects, the EPPP model is grounded in a comprehensive literature review, multiple case studies, semi-structured interviews with senior executives, and a targeted survey of experienced investment decision-makers. | en_US |
| dcterms.abstract | Through analytical generalisation from three private senior housing cases in Hong Kong, the study reveals evolving sectoral trends: increasing managerialism, institutional misalignment, and entrepreneurial business innovation. It highlights a strategic hybrid model that merges non-profit value with for-profit operational agility, demonstrating how cross-sector collaboration can align financial performance with social goals. | en_US |
| dcterms.abstract | Interview insights have refined the EPPP framework by identifying critical enablers such as policy support, ownership-driven operational autonomy, and broader asset categories. The model delineates value creation across four dimensions: economic returns (including entrepreneurial profit), social impact, customer satisfaction, and societal advancement. Triangulated findings have informed a structured EPPP implementation strategy, comprising (1) prerequisites for public and private actors, (2) key negotiation domains (assets and processes), and (3) four strategic pillars: joint commitment, interface capability, strategic hybridisation, and cross-disciplinary collaboration. | en_US |
| dcterms.abstract | The study contributes to academic literature by reconceptualising PPPs from an entrepreneurial and ownership-based perspective, offering a new model for complex social infrastructure delivery. Practically, the EPPP framework provides a policy-relevant approach to sustainable senior housing and has broader potential applicability in addressing institutional and service challenges across ageing societies. Its significance extends to the global economic context of declining GDP growth, where governments face mounting pressure to implement fiscally responsible yet socially responsive solutions. In alignment with recent World Bank (2025) calls for structural reforms, the EPPP model supports key policy objectives: improving institutional quality, attracting private investment, and strengthening human capital systems. | en_US |
| dcterms.abstract | The model addresses immediate infrastructure needs by mobilising private capital and expertise through long-term collaborative partnerships. It contributes to job creation, service innovation, and long-term economic resilience. Its potential scalability can be expanded to other complex, service-oriented infrastructure projects, such as those planned for Hong Kong’s Northern Metropolis. | en_US |
| dcterms.extent | xiii, 259 pages : color illustrations | en_US |
| dcterms.isPartOf | PolyU Electronic Theses | en_US |
| dcterms.issued | 2025 | en_US |
| dcterms.educationalLevel | DIREC | en_US |
| dcterms.educationalLevel | All Doctorate | en_US |
| dcterms.accessRights | restricted access | en_US |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 8431.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 6.43 MB | Adobe PDF | View/Open |
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