Abstract

Drawing on ‘market-as-network’ and collective sensemaking theoretical lenses, this study examines the determinants of organizational sensemaking in the regulated housing market and how organizational sensemaking impact the overall housing market over time. This study adopts a qualitative case study method by inviting twenty interviewees from the Malaysian housing market. The interview data is supported by documents and observations. This study suggests that housing market actors’ sensemaking are influenced by (1) their network roles, shareholders’ background that determines their priority in the decision, (2) their cultural and ethnic background, and (3) network externalities that arise from upcoming situational events. The housing market actors’ ongoing sensemaking also leads to constant network renewal and regeneration. This study suggests that sensemaking is a useful “theories-in-use” tool. It potentially assists the property developers and policymakers in strategizing in a regulated network. It also offers policy insights and potential solutions to the low-to-middle-income homebuyers.

摘要

这项研究利用“市场即网络”和集体感官理论的视角，研究了受监管的住房市场中组织感官的决定因素，以及随着时间的推移，组织感官如何影响整个住房市场。本研究采用定性案例研究方法，邀请了20位来自马来西亚住房市场的受访者。访谈数据由文档和观察结果支持。这项研究表明，住房市场参与者的理性决策受到以下因素的影响：（1）他们的网络角色，决定其决策优先级的股东背景，（2）他们的文化和种族背景以及（3）即将到来的情况导致的网络外部性事件。住房市场参与者不断的感性认识也导致不断的网络更新和再生。这项研究表明，意义制造是一种有用的“使用中的理论”工具。它有可能帮助房地产开发商和政策制定者在受监管的网络中制定战略。它还为中低收入购房者提供政策见解和潜在解决方案。