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Frontiers of Engineering Management >> 2017, Volume 4, Issue 4 doi: 10.15302/J-FEM-2017054

Value and governance of high-speed railway

School of Economics and Management, Beijing Jiaotong University, Beijing 100044, China

Accepted: 2017-11-07 Available online: 2017-12-14

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Abstract

This paper considers multiple perspectives to explore the concept of high-speed railway (HSR), rationally abstract its value formation mechanism, and quantitatively measure its actual performance. This paper analyzes the governance potential of major countries in the high-speed railway value chain and studies the feasible ways and development strategies to enhance the high-speed railway governance in China. Findings of this paper are as follows. First, the government, as the early manager of high-speed railway governance, has given way to Siemens and other integrated enterprises. Second, the high-speed railway standard output has become the core competitiveness that embodies high-speed railway. Third, the global high-speed railway market presents a hierarchical high-speed railway governance model and changes to a modular approach to governance.

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