Rikkie Yeung
- Published in print:
- 2008
- Published Online:
- September 2011
- ISBN:
- 9789622098824
- eISBN:
- 9789882207196
- Item type:
- chapter
- Publisher:
- Hong Kong University Press
- DOI:
- 10.5790/hongkong/9789622098824.003.0005
- Subject:
- Economics and Finance, South and East Asia
This chapter reviews the MTRC's corporate history of struggling for financial survival to high profitability, interactions between the managing board and management, and evolution of corporate ...
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This chapter reviews the MTRC's corporate history of struggling for financial survival to high profitability, interactions between the managing board and management, and evolution of corporate strategies under different corporate leaders. The MTRC is one of the largest local property developers in Hong Kong. It has completed over 33 residential estates, office buildings, shopping centres, hotels, and car parks. The MTRC is innovative and aggressive in other commercial businesses, more so than the KCRC. In early years, the MTRC did struggle hard. For financial survival, it had to be prudent, innovative, and follow international standards in financial and business management. Over the years, the MTRC has developed a strong culture of corporate professionalism, commercial orientation, and autonomy from the government.Less
This chapter reviews the MTRC's corporate history of struggling for financial survival to high profitability, interactions between the managing board and management, and evolution of corporate strategies under different corporate leaders. The MTRC is one of the largest local property developers in Hong Kong. It has completed over 33 residential estates, office buildings, shopping centres, hotels, and car parks. The MTRC is innovative and aggressive in other commercial businesses, more so than the KCRC. In early years, the MTRC did struggle hard. For financial survival, it had to be prudent, innovative, and follow international standards in financial and business management. Over the years, the MTRC has developed a strong culture of corporate professionalism, commercial orientation, and autonomy from the government.
Seden Akcinaroglu and Elizabeth Radziszewski
- Published in print:
- 2020
- Published Online:
- September 2020
- ISBN:
- 9780197520802
- eISBN:
- 9780197520833
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780197520802.001.0001
- Subject:
- Political Science, International Relations and Politics, Political Economy
Whether they train police forces in Afghanistan or provide military assistance to governments in Africa that are battling rebel groups, private military and security companies (PMSCs), or ...
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Whether they train police forces in Afghanistan or provide military assistance to governments in Africa that are battling rebel groups, private military and security companies (PMSCs), or corporations that provide security and military services for profit, have been present in numerous conflicts around the globe. In 1984 only one international PMSC intervened in a civil war; in 1989 there were 15 international PMSCs present in conflict zones, while from 2003 to 2019 over 120 of such companies provided services during the Iraq war. Why do international PMSCs sometimes help with conflict termination while in other cases their intervention is associated with prolonged wars? And in what ways does market competition affect PMSCs’ military effectiveness? Relying on quantitative analysis of original data on international PMSCs’ involvement in civil wars from 1990 to 2008 and PMSCs’ human rights and fraud violations in Iraq from 2003 to 2019, the book investigates how local and global competition impacts accountability of these non-state actors and their contribution to the termination of major and minor wars.Less
Whether they train police forces in Afghanistan or provide military assistance to governments in Africa that are battling rebel groups, private military and security companies (PMSCs), or corporations that provide security and military services for profit, have been present in numerous conflicts around the globe. In 1984 only one international PMSC intervened in a civil war; in 1989 there were 15 international PMSCs present in conflict zones, while from 2003 to 2019 over 120 of such companies provided services during the Iraq war. Why do international PMSCs sometimes help with conflict termination while in other cases their intervention is associated with prolonged wars? And in what ways does market competition affect PMSCs’ military effectiveness? Relying on quantitative analysis of original data on international PMSCs’ involvement in civil wars from 1990 to 2008 and PMSCs’ human rights and fraud violations in Iraq from 2003 to 2019, the book investigates how local and global competition impacts accountability of these non-state actors and their contribution to the termination of major and minor wars.
