Public-private partnerships: determinants of the type of governance structure

被引:37
|
作者
Fleta-Asin, Jorge [1 ]
Munoz, Fernando [2 ]
Rosell-Martinez, Jorge [3 ]
机构
[1] Ctr Univ Def, Acad Gen Mil, Area Econ & Empresa, Zaragoza, Spain
[2] Univ Zaragoza, Fac Econ & Empresa, Dept Contabilidad & Finanzas, Zaragoza, Spain
[3] Univ Southampton, Dept Econ, Social Sci, Southampton, Hants, England
关键词
Public-private partnership; governance structure; transaction costs theory; uncertainty; asset specificity; TRANSACTION-COST ECONOMICS; INSTITUTIONAL ENVIRONMENT; DEVELOPING-COUNTRIES; PROJECT-MANAGEMENT; RISK ALLOCATION; PROPERTY-RIGHTS; INFRASTRUCTURE; PPP; PROTECTION; IMPACT;
D O I
10.1080/14719037.2019.1637014
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Despite the spread of Public-Private Partnerships (PPPs) and their interest among academicians and policy-makers, many investigations generally treat them as a homogenous mode of governance neglecting their different forms. The present work investigates the factors that determine the concrete form of PPP finally adopted. We use the Transaction Costs Theory (TCT) to analyse 11,821 PPPs in 110 developing countries from 1997 to 2017. The results show that the greater the amount of specific investment and the more unfavourable the context in which it is implemented, PPP adopts forms where the private party has a greater degree of control.
引用
收藏
页码:1489 / 1514
页数:26
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