Value capture ideals and practice – Development stages and the evolution of value capture policies

Kresse, Klaas; Kang, Myounggu; Kim, Sang Il; Krabben, Erwin van der

doi:10.1016/j.cities.2020.102861

Cited by 16 publications

(12 citation statements)

References 54 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…A strong limitation to the supply of housing in both countries was speculation-driven inflated land prices that remained unrestrained by the inefficient taxation system and a weak negotiating position of the public sector [67], effectively withdrawing urban land from the market. On top of that, subsequent land price hikes and a restrictive credit policy [68] encouraged additional speculative purchases and resulted in housing unaffordability (Korea: [69]; Taipei: [70]).…”

Section: Resultsmentioning

confidence: 99%

“…As governments in the early stages of development tend to have a weak negotiating position, landowners tend to push through their expectation of handsome profits from development. Consequently, contribution rates remain modest, and it is hard for the government to impose higher developer obligations-with which a wider range of ecological goals can be achieved-without losing landowners' cooperation [67]. In order to keep the contribution rates low, only a minimum amount of land has been assigned to the public network.…”

Section: Discussionmentioning

confidence: 99%

See 1 more Smart Citation

Housing Supply Limitations, Land Readjustment and the Ecological Performance of the Urban Landscape

Kresse

Krabben

2021

Sustainability

Self Cite

View full text Add to dashboard Cite

Public authorities in developing economies typically have to deal with fiscal stress, lack of resources and an underdeveloped real estate industry. This poses a severe challenge at times of rapid urbanisation. Governments typically react to housing demand shocks by introducing policies that support the real estate market’s capacity to supply housing. One prominent policy in this respect is land readjustment. It has been promoted as a best practice and has been extensively discussed from an efficiency perspective; however, little is known about the ecological performance of the urban landscapes that typically emerge with this tool. Therefore, this study developed an assessment framework that allows discussion of the ecological performance of these neighbourhoods as an outcome of the reciprocal interaction between public sector initiatives and real estate market responses. Based on a LEED ND assessment of the cases of Taipei and Seoul, the research identifies four institutional drivers of ecological costs. First, public agencies tend to neglect the ecological costs of greenfield site developments. Second, public agencies to not employ policies that promoe brownfield developments. Third, a weak public sectors’ negotiating position can result in an ecologically inefficient urban pattern. And finally, the public sector’s construction standardisation policies can impose real estate market limitations and wasteful use of resources in the long run.

show abstract

Section: Resultsmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Housing Supply Limitations, Land Readjustment and the Ecological Performance of the Urban Landscape

Kresse

Krabben

2021

Sustainability

Self Cite

View full text Add to dashboard Cite

show abstract

“…Value capture is the process of retaining the value and profits created in value creation process [74]. The ultimate goal of business model is to make profits [75].…”

Section: Hypothesis 2 the Value Creation Of High-end Ev Sales Busines...mentioning

confidence: 99%

Research on the Impact of High-End Ev Sales Business Model on Brand Competitiveness

2021

View full text Add to dashboard Cite

Electric vehicles have many advantages compared with traditional fuel vehicles, whereas the immaturity of technologies and high manufacturing cost make it difficult for EV brands to be promoted in traditional business models. Thus, auto-mobile companies started to establish high-end sales business model to promote the brand. This paper studies the influential mechanism of high-end EV sales business model on brand competitiveness and the mediation effect between high-end EV sales business model and brand competitiveness. A total of 624 consumers’ survey data were collected and the structural equation model (SEM) was analyzed to test the hypotheses by using a scale made up of indicators referring to high-end EV sales business model, brand competitiveness and customer perceived value. This paper contributes to the sustainable innovation literature by exploring the psychological perception of customer perceived value in strengthening brand competitiveness. The results show that both the value proposition and value creation of high-end EV sales business model have significant positive impacts on brand competitiveness. Moreover, customer perceived value fully mediates the relationships between the value proposition of high-end EV sales business model and brand competitiveness and between the value creation and brand competitiveness. Customer perceived value cannot mediate the relationship between the value capture of high-end EV sales business model and brand competitiveness. Our insights contribute to the business model research area from a customer-centric perspective.

show abstract

“…First, this study inserts novel insights into local government LVC theory. As earlier studies on local governments' LVC theory focus too much on economic considerations, local government LVC theory remains insufficiently explored in the existing body of literature (Nguyen et al 2017;Wu et al 2019;Kresse et al 2020;Muñoz Gielen, Maguregui Salas, and Burón Cuadrado 2017). This study narrows the knowledge gap by highlighting the role of social and political considerations and by improving existing understanding of local government LVC theory.…”

Section: ) Theoretical Contributions: Local Government Lvc and Behaviormentioning

confidence: 92%

“…Land Value Capture (LVC) is an important instrument for local governments to balance urban-rural development, to narrow down regional differences (coastal-inland), and to balance intergovernmental and state-collective-individual interests . Based on earlier definitions and rationales (Nguyen et al 2017;Wu et al 2019;Kresse et al 2020;Muñoz Gielen, Maguregui Salas, and Burón Cuadrado 2017), LVC in a broader sense means local governments capture part of the land value at the expense of other stakeholders such as land sellers and land buyers, either for public or private purposes. Local governments' LVC encounters significant changes caused by land marketization.…”

Section: Introductionmentioning

confidence: 99%

Uncovering Land Value Capture

Wang¹

View full text Add to dashboard Cite

show abstract

Value capture ideals and practice – Development stages and the evolution of value capture policies

Cited by 16 publications

References 54 publications

Housing Supply Limitations, Land Readjustment and the Ecological Performance of the Urban Landscape

Housing Supply Limitations, Land Readjustment and the Ecological Performance of the Urban Landscape

Research on the Impact of High-End Ev Sales Business Model on Brand Competitiveness

Uncovering Land Value Capture

Contact Info

Product

Resources

About