Values-Based Control in Land Acquisition for Infrastructure Projects

Suresh Mony () and Narayani Ramachandran ()
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Suresh Mony: Narsee Monjee Institute of Management Studies
Narayani Ramachandran: Narsee Monjee Institute of Management Studies

Chapter Chapter 14 in Innovation, Technology, and Market Ecosystems, 2020, pp 283-304 from Springer

Abstract: Abstract Land acquisition is one of the biggest roadblocks in the development of infrastructure projects in India and contributes to 50% of the delays on infrastructure projects in India. The government of India (GoI) introduced a new legislation, the Right to Fair Compensation in Land Acquisition, Rehabilitation and Resettlement (RECTLARR) in 2015, with the objective of inducing appropriate behavior amongst various stakeholders and resulting in a win-win situation in terms of reducing delays and speeding up infrastructure development but this has not materialized. The authors analyze the legislation from a control perspective and examine successful cases where the project authorities have sidestepped the law and arrived at mutually satisfactory compensation along with rehabilitation and resettlement of the displaced population. The authors find that in all the cases, the authorities have employed value systems that have contributed to inducing appropriate behavior and resulting in a win-win situation. The authors postulate a new informal control mechanism and term it as value-based control, which has so far not received attention in management control literature.

Keywords: Infrastructure projects; Land acquisition; Value-based control (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-23010-4_14

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DOI: 10.1007/978-3-030-23010-4_14

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