Title :
Analysis of the reputation effects of construction corporations based on reputation effects model in agent market
Author_Institution :
Sch. of Econ. & Manage., Tongji Univ., Shanghai, China
Abstract :
To solve the moral hazard problems arising from the information asymmetry in construction market, analyze the role that the corporate reputation of construction firms can play, and prove it using "Reputation effects model in agent market" in information economics. Then in consideration of the model and the actual situation of the construction market in China, make a further analysis on the key issues to make the reputation effects of construction firms function properly. Some related advice are given in the end.
Keywords :
construction industry; human factors; industrial economics; organisational aspects; agent market; construction corporation reputation effect Analysis; construction market; information asymmetry; information economics; moral hazard problems; reputation effects model; Analytical models; Economics; Educational institutions; Ethics; Hazards; construction market; corporate reputation; information asymmetry; moral hazard;
Conference_Titel :
Mechanic Automation and Control Engineering (MACE), 2011 Second International Conference on
Conference_Location :
Hohhot
Print_ISBN :
978-1-4244-9436-1
DOI :
10.1109/MACE.2011.5987593