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Local mixed companies: the theory and practice in an international perspective

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  • da Cruz, Nuno F.
  • Marques, Rui Cunha
  • Marra, A.
  • Pozzi, C.

Abstract

Several factors have been contributing to the growing use of public private-partnership (PPP) arrangements by local governments, such as, the need for new investments on infrastructure (e.g. decentralization of responsibilities, regulatory requirements demanding better quality and environmental protection, renovation of the networks), imposition of strict debt limits to the localities, and local government reform policies/programs. Whereas contractual PPP arrangements, such as concession contracts, can be seen as an extension of traditional public procurement (with additional complexities in contract design and management) and are currently better handled by contracting authorities, institutionalized PPPs (mixed companies) are still quite puzzling for both practitioners and academics. In fact, the following questions deserve further investigation: When are mixed companies expected to depict a higher performance than other options? What are the risks involved and how should they be allocated and mitigated? How should mixed companies be monitored and evaluated? The articles in this Special Issue provide insightful answers to these and many other relevant questions to policy makers.

Suggested Citation

  • da Cruz, Nuno F. & Marques, Rui Cunha & Marra, A. & Pozzi, C., 2014. "Local mixed companies: the theory and practice in an international perspective," LSE Research Online Documents on Economics 59794, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:59794
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    Cited by:

    1. Paolo Esposito & Spiridione Lucio Dicorato, 2020. "Sustainable Development, Governance and Performance Measurement in Public Private Partnerships (PPPs): A Methodological Proposal," Sustainability, MDPI, vol. 12(14), pages 1-25, July.
    2. Antonio Massarutto & Andrea Garlatti & Stefano Miani & Ernesto Cassetta & Silvia Iacuzzi, 2021. "Evaluating the performance of local SoEs as output‐maximizing entities: The case of Friuli Venezia Giulia," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 92(2), pages 307-332, June.
    3. Julie de Brux & Frédéric Marty, 2014. "IPPP – Risks and opportunities An economic perspective," Working Papers hal-03470399, HAL.
    4. Bart Voorn & Marieke van Genugten & Sandra Van Thiel, 2020. "Performance of municipally owned corporations: Determinants and mechanisms," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 91(2), pages 191-212, June.
    5. Thomas KOSTAL & Verena MICHALITSCH & Gabriel OBERMANN, 2014. "Local Public Transport in Vienna by Wiener Linien - Governance and Provision of Services," CIRIEC Working Papers 1417, CIRIEC - Université de Liège.
    6. Sanford V. Berg & Makoto Okamura & Haruka Yane & Shinji Yane, 2022. "Efficient performance by companies with mixed ownership: Privatization and divestiture of a vertically integrated public monopoly," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(3), pages 717-730, September.
    7. Dementiev, Andrei, 2016. "Strategic partnerships in local public transport," Research in Transportation Economics, Elsevier, vol. 59(C), pages 65-74.
    8. repec:hal:spmain:info:hdl:2441/3n1h5ijlcf80v9csi63s61fdvk is not listed on IDEAS
    9. Germà Bel & Jordi Rosell, 2016. "Public and Private Production in a Mixed Delivery System: Regulation, Competition and Costs," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 35(3), pages 533-558, June.
    10. Carole RENTSCH & Matthias FINGER, 2015. "Yes, No, Maybe: The Ambiguous Relationships Between State-Owned Enterprises And The State," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 86(4), pages 617-640, December.

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    More about this item

    Keywords

    institutionalized public-private partnerships; local government; partial privatization;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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