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This paper aims to explain the factors shaping collective action within low-cost housing communities, focusing on parcel holders, through the utilisation of an expanded institutional analysis development (IAD) framework, which extends upon Ostrom’s foundational framework. Additionally, the paper explores four different property management approaches accessible to these communities.

The research employed a mixed-method approach comprising four sequential steps. Firstly, a quantitative inquiry entailed a questionnaire survey administered to 633 parcel holders across four low-cost housing schemes, aimed at discerning factors influencing collective action. Subsequently, a qualitative investigation involved face-to-face interviews with key stakeholders to elucidate the contributing factors of collective action, with a specific focus on Nursa Kurnia (a successful low-cost housing scheme comprising 200 units), accessible via Kuala Lumpur Middle Ring Road II. Thirdly, the study explored the social practice of “commoning the governance”. Lastly, the paper advocated for housing policy interventions, specifically proposing government subsidies for lower-income parcel holders.

Exemplified by the success of Nursa Kurnia, the research findings emphasised the importance of shifting local management’s mindset from a zero-sum approach to a win-win perspective. It highlighted the pivotal role of four factors (resource system, governance system, context and historical development) in shaping collective action and fostering improved property management practices. Moreover, the study highlighted the potential of “commoning the governance” as a new approach capable of addressing collective action challenges in low-cost housing management, presenting a promising avenue for future endeavours.

As more studies utilising the expanded IAD framework become available in the future, there is potential for further refinement and enhancement of the framework.

This study offers valuable insights for policymakers, property developers, local management and local communities, shedding light on challenges associated with the self-organisation of shared resources. Moreover, it highlights the potential of “commoning the governance” as a new property management approach to mitigate the impact of collective action problems.

The well-being of society’s most vulnerable segment is indicative of the overall societal health. This underscores the significance of addressing the interests and needs of these lower-income groups within the broader social context.

Exploring collective action within the context of self-organising low-cost housing, the study delves into an area marked by persistent challenges like free-riding tendencies and vandalism. Despite significant attention given to collective action issues in the past, the novel approach of “commoning the governance” remains unexamined in the realm of low-cost housing maintenance and management.

This study examines the relationships between herding behaviour, market overreaction and financial stability in developed and Brazil, Russia, India and China (BRICS) markets from 1 January 2017 to 31 December 2023. It identifies the significant differences in these phenomena across different market types and their implications for financial stability.

This study employs panel data regression, quantile regression, Granger causality tests and the Baron and Kenny mediation model to analyse the data. These methods are used to explore the extent to which herding behaviour exacerbates market overreaction and affects financial stability.

The results reveal that herding behaviour exacerbates short-term market overreaction, leading to increased financial instability, particularly in BRICS markets. In contrast, herding behaviour does not significantly impact intermediate-term overreactions in developed markets. The study also finds that market overreaction significantly mediates the relationship between herding behaviour and financial stability.

These findings have practical implications for policymakers. Understanding how herding behaviour and market overreaction impact financial stability can help formulate strategies to enhance market stability and mitigate systemic risks, particularly in more volatile BRICS markets.

Enhanced financial stability has broad social implications, including improved investor confidence and economic growth. Policymakers can use these insights to create more stable financial environments, which can lead to more robust economic development and reduced vulnerability to financial crises.

This study provides new insights into the differential impact of herding behaviour and market overreaction on financial stability in developed and BRICS markets. By confirming the mediating role of market overreaction, this study enhances our understanding of financial market anomalies and contributes to the literature on financial stability.

With the uptake of prefabricated construction (PC) facing serious obstacles in China, networked innovation can break the technical constraints while also containing the risks in individual innovation. However, the construction community has paid little attention to PC innovation, especially networked innovation. This study aims to gain deep insights into what impacts the formation and dynamics of a prefabricated construction innovation network (PCIN). With the uptake of PC facing serious obstacles in China, networked innovation can break the technical constraints while also containing the risks in individual innovation.

The research design follows a sequential mixed methodology of qualitative and quantitative data collection and analysis. It first conceptualizes the PCIN based on the quadruple helix model and formulates a corresponding system dynamics model based on causality analysis. After validating the PCIN model using empirical data, simulations are carried out using Vensim PLE software. Finally, this study identifies key factors that promote the formation of PCIN in China through sensitivity analysis.

The results show that PC predicts a continuous increase in practice as of 2030. The tested drivers all positively influence the formation of the PCIN, with market demand and risk sharing having the greatest influence, followed by competitive pressure, profit government support, scientific and technological advancement and collaborative innovation strategy.

The study makes three major contributions. First, it provides a novel angle for a deeper understanding of the PC innovation. Second, it proposes a new approach for probing the formation and dynamics of the PCIN. Finally, it offers a theoretical reference for promoting the formation of innovation networks and the development of PC.

The study aims to investigate the influence of corporate governance practices on enhancing firm value in manufacturing industries in Bangladesh.

The study sample consists of 131 companies from 10 manufacturing industries listed in Dhaka stock exchange (DSE). Using the multiple regression method, the study analyzed 1,193 firm-year observations from 2012 to 2021.

The outcome reveals that managerial ownership, foreign ownership, ownership concentration, board size, board independence, board diligence and auditor quality have a significant positive influence on firm value. In contrast, audit committee size has no significant influence on firm value.

The practical implications of the current study demonstrated that good corporate governance creates value and must be invigorated for the interest of all stakeholders. Policymakers should formulate specific guidelines regarding firms' ownership structure and audit quality issues.