 Public Information Asymmetry and Its Impact on Urban Governance EfficiencyDorota Sikora-Fernandez and Danuta Stawasz European Research Studies Journal, 2024, vol. XXVII, issue Special A, 403-415 Abstract: Purpose: This article has a theoretical character and its aim is to analyze the importance of public information in urban management, with a particular focus on the phenomenon of information asymmetry and its impact on the efficiency of decision-making processes. Design/methodology/approach: Based on a review of national and international literature, the authors systematize knowledge about the role of information as a key resource in urban governance. The causes, mechanisms and consequences of unequal access to public data are presented, as well as theoretical proposals for strategies to reduce this phenomenon. Findings: Public information, being one of the basic organizational resources, enables rational decision-making and supports the transparency of city administration activities. The article identifies the main sources of information asymmetry, such as technological barriers, insufficient digital infrastructure, lack of transparency in the administration's operations and limited digital competences. An additional factor is the deliberate concealment of data by authorities and the low level of public interest in public affairs. The consequences of information asymmetry are significant and include inefficient use of resources, decreased public trust and reduced civic participation. Unequal access to information also leads to difficulties in coordinating activities between stakeholders, which hinders the implementation of sustainable urban development strategies. The authors highlight the key role of digital transformation in reducing information asymmetry. The smart city concept presented in the article implies the use of digital technologies to improve accessibility, integration and transparency of public data. Synchronization of information management systems can support efficient decision-making processes and build trust between the administration and stakeholders. Practical implications: The article proposes concrete actions, including the development of interoperable data systems, enhancing digital competences of officials and promoting public-private partnerships. The authors point out that providing universal access to reliable public information is a prerequisite for democratic governance and sustainable urban development. Originality/value: The article makes a theoretical contribution by demonstrating the importance of public information in shaping effective and inclusive models of urban governance, while pointing to courses of action to reduce information asymmetry. Keywords: Data; information asymmetry; digital transformation; local development; digital competences; urban efficiency; data-driven governance. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxvii:y:2024:i:speciala:p:403-415 Access Statistics for this article More articles in European Research Studies Journal from European Research Studies Journal |
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