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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

Abstract: 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)
Date: 2013
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DOI: 10.1007/s11115-013-0233-z

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