 Institutional destabilisation and the new public management: the case of tax incremental financingMark A. Covaleski, Mark W. Dirsmith and Katrina L. Mantzke International Journal of Public Policy, 2005, vol. 1, issue 1/2, 122-147 Abstract: With the goal of extending the New Public Management perspective by focusing on the play of vested interests and power, our study examines the active agency of a single company contracting with local and state governments to implement a Tax Incremental Financing (TIF) programme. Extending beyond the traditional focus of institutional theory on organisational conformity to institutionalised expectations, our analysis expands upon an emerging strand of research which argues that regulated organisations may manipulate the laws which govern them to serve their own ends. We find that even though the TIF programme was constructed in a relatively concrete manner with very little uncertainty as to its provisions, it was manipulated through strategic action on the part of the company regulated. What proved more interesting, however, was the social process by which stakeholders interpreted, negotiated and grudgingly came to agree on the meaning of this regulation. Keywords: public-private partnerships; cross-sector collaboration; new public management; public policy; institutional destabilisation; tax incremental financing; vested interests; regulation manipulation; tax incentive; tax law; institutional theory; power. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpubp:v:1:y:2005:i:1/2:p:122-147 Access Statistics for this article More articles in International Journal of Public Policy from Inderscience Enterprises Ltd |
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