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Central government property asset management: a review of international changes
Journal of Corporate Real Estate Pub Date : 2020-05-11 , DOI: 10.1108/jcre-09-2019-0038
Olga Kaganova , Judith Meira Amoils

There is shortage of global research on asset management (AM) by various central governments. This paper aims at reducing this gap.,This general review is based on literature, published government documents, agendas of specialized membership organizations (considered through the qualitative thematic analysis) and the authors’ experiences in advising governments on AM in 30 countries. The study focuses on three topics of recurrent interest among governments and AM experts: drivers of change and response trends; organizational models and attributes of good governance at public AM organizations. It also discusses whether the examined practices conform with New Public Management (NPM).,The paper identifies five key international drivers of change: austerity measures; an increased focus on performance management; changes in political and ideological agendas; technology and business operations changes; and the environmental sustainability agenda. It analyses response trends to these drivers, both positive and negative. Five dimensions of organizational settings that are important for AM are identified, demonstrating the great diversity of practices. The paper outlines governance elements specific to government AM and illustrates related challenges. It also shows that while current AM typically conforms with NPM, there are notable deviations, such as low corporatization and recentralization of AM.,This paper is a broad review; in-depth study of specific aspects is left for further research.,The paper introduces new empirical knowledge about AM approaches at central governments into research discourse, with a broad thematic coverage not achieved before; contributes to the discussion of some hot underexplored topics; hypothesizes why current AM practices deviate from NPM doctrines; and provides unique insights for AM practitioners.

中文翻译:

中央政府财产资产管理:国际变化回顾

各个中央政府缺乏对资产管理(AM)的全球研究。本文旨在缩小这种差距。本文的综述基于文献,已发布的政府文件,专门会员组织的议程(通过定性主题分析)以及作者在30个国家/地区为政府提供AM咨询方面的经验。该研究集中于政府和资产管理专家之间经常引起关注的三个主题:变化的驱动力和应对趋势;公共资产管理组织的组织模型和善政属性。它还讨论了所审查的实践是否符合新公共管理(NPM)。更加注重绩效管理;政治和思想议程的变化;技术和业务运营变化;以及环境可持续发展议程。它分析了对这些驱动因素的积极和消极趋势。确定了对AM而言重要的组织设置的五个维度,表明了实践的多样性。本文概述了政府增材制造的治理要素,并说明了相关挑战。它也表明,虽然当前的AM通常符合NPM,但仍然存在明显的偏差,例如AM的公司化程度低和重新集中化。本文将中央政府关于增材制造方法的新经验知识引入研究话语,这是以前没有实现的广泛主题。有助于讨论一些热门的尚未探索的主题;假设为何当前的资产管理实践与NPM原则背道而驰;并为增材制造从业人员提供独特见解。
更新日期:2020-05-11
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