Managing partner opportunism in public–private partnerships: the dynamics of governance adaptation
Dayashankar Maurya and
Amit Kumar Srivastava
Public Management Review, 2019, vol. 21, issue 10, 1420-1442
Abstract:
Controlling partner opportunism in public–private partnership (PPP) is still controversial despite its extensive adoption. We demonstrate that partner opportunism gets controlled by the extent to which deployed governance mechanisms are aligned with the governance needs of the transaction. As unique constraint, the institutional voids limit this alignment. If not aligned with governance needs, governance adaptation cycle continues, resulting in extensive or minimally acceptable partner opportunism. The organizations tolerate opportunism as long as they derive some economic value. In the context of institutional voids, the risk of exploitation of incomplete contracts is high but if governed effectively PPPs could still deliver value.
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://hdl.handle.net/10.1080/14719037.2018.1559341 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:rpxmxx:v:21:y:2019:i:10:p:1420-1442
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rpxm20
DOI: 10.1080/14719037.2018.1559341
Access Statistics for this article
Public Management Review is currently edited by Stephen P. Osborne
More articles in Public Management Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().