Performance assessment of Russian homeowners associations: The importance of being social
Leonid Polishchuk and
Ekaterina Borisova
MPRA Paper from University Library of Munich, Germany
Abstract:
Performance of Russian homeowners associations – non-profits established to manage common property in residential housing – is assessed using the stochastic frontier technique, which is a powerful tool of productivity analysis. Performance variations are explained by physical and social factors, prominent among them is the availability of social capital among tenants, required to resolve collective action problems and ensure accountability of managing bodies and outside contractors. Lack of civic capacity could be an obstacle to implementing community-governance solutions in residential housing, making homeowners associations dysfunctional or prone to capture by vested interests.
Keywords: homeowners associations; non-profit organizations; common property; stochastic frontier; social capital (search for similar items in EconPapers)
JEL-codes: C01 L31 P25 (search for similar items in EconPapers)
Date: 2010-07
New Economics Papers: this item is included in nep-cis, nep-eff, nep-soc, nep-tra and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28785
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