Public private partnerships: building relationships between their governance and transaction costs
Public-Private Partnerships (PPPs) are collaborative arrangements between governments and private entities that aim at greater efficiency in the delivery of public services. With their use increasing, PPPs can face transaction costs that harm their social and financial results. The objective of this...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2023 |
| País: | Brasil |
| Institución: | Faculdade Cenecista de Campo Largo (FACECLA) |
| Repositorio: | Revista Eletrônica de Ciência Administrativa |
| Idioma: | portugués |
| OAI Identifier: | oai:periodicosibepes.org.br:article/3638 |
| Acceso en línea: | http://www.periodicosibepes.org.br/index.php/recadm/article/view/3638 |
| Access Level: | acceso abierto |
| Palabra clave: | Management public-private partnership; transaction costs; incomplete contracts; governance elements; theoretical framework Administração parceria público-privada; custos de transação; contratos incompletos; elementos de governança; framework teórico |
| Sumario: | Public-Private Partnerships (PPPs) are collaborative arrangements between governments and private entities that aim at greater efficiency in the delivery of public services. With their use increasing, PPPs can face transaction costs that harm their social and financial results. The objective of this work is to evaluate the adoption of specific governance elements in Public-Private Partnership contracts (ex-ante) and their impact on the reduction of transaction costs during these contracts (ex-post). Based on a literature review, this research presents propositions that relate governance mechanisms defined in the contract with the transaction costs that negatively affect these partnerships. As a contribution, a framework is proposed that takes into account the main stakeholders involved and emphasizes the importance of standardizing certain elements in partnership contracts, seeking an alignment between governance structures and the different characteristics of transactions during PPPs, helping public managers and private entities responsible for defining these contracts. |
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