Governance and Performance of a Mixed Public-Private Enterprise: An Assessment of a Company in the Estonian Water Sector
Peeter Peda (),
Daniela Argento () and
Giuseppe Grossi ()
Public Organization Review, 2013, vol. 13, issue 2, 185-196
Local governments are increasingly entering into partnerships with the private sector in the “externalization” of public service delivery. While the financial and non-financial interests of the partners involved may appear to be in opposition and potentially un-reconcilable, this is not always the case, especially where governance arrangements exist to align and balance the requirements of financial and non-financial performance. Such arrangements are analysed here with reference to Estonia’s largest water company with mixed public-private ownership. It has a business-like management that facilitates a combination of good non-financial performance (quality and affordability) and considerable financial performance (profitability). Copyright Springer Science+Business Media New York 2013
Keywords: Governance mechanisms; Externalization; Mixed public-private company; Financial and non-financial performance; Water sector; Estonia (search for similar items in EconPapers)
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