Notice of RetractionResearch on Institutional Innovation of Centralized Management Mode for Government Investment Projects Based on Transaction Costs Analysis

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

As a reformation method for government investment projects in China, government centralized management mode has faced some problems to improve the projects management performance under current project management environment and Institutional innovation is the primary solution. By analyzing the governance structure of centralized management mode, together with transaction costs at different levels of governance structure, it determinates the decrease methods for the transaction costs at the level of project construction. Based on the methods above, it analyzed the possible ways for the institutional innovation. It showed that the institutional innovation measures of government investment projects centralized management mode should be considered from organization framework and operation mechanism. Moreover, there are relatively high relevance between the specific routes of institutional innovation and the decrease methods of transaction costs. The research has provided theoretical bases for the institutional innovation of government investment projects and will give more useful advice on further innovation.