IDEAS home Printed from https://ideas.repec.org/a/ids/ijpman/v12y2019i2p135-155.html

Contracting for public stewardship in public-private partnerships

Author

Listed:
  • Joshua Steinfeld
  • Kouliga Koala
  • Ron Carlee

Abstract

Public-private partnerships (PPPs) are potentially solutions to some governmental challenges but the differing motives of the private and public sectors pose issues regarding accountability. Through a public stewardship framework, a prescriptive analysis is presented to demonstrate how both value-for-money (VFM) and the pursuit of public values can be simultaneously achieved in benefitting both sectors. Best value, leadership and collaboration emerge as outcome variables of public stewardship that serve to improve accountability for PPPs. The findings reveal public stewardship as the critical link between VFM and public values to reconcile accountability issues that have been identified as obstacles to the successful formation and implementation of PPPs.

Suggested Citation

  • Joshua Steinfeld & Kouliga Koala & Ron Carlee, 2019. "Contracting for public stewardship in public-private partnerships," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 12(2), pages 135-155.
    • Handle: RePEc:ids:ijpman:v:12:y:2019:i:2:p:135-155
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=98549
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Hoppe, Eva I. & Kusterer, David J. & Schmitz, Patrick W., 2013. "Public–private partnerships versus traditional procurement: An experimental investigation," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 145-166.
    2. Robert Eadie & Phillip Millar & Luke Toner, 2013. "Public private partnerships, reevaluating value for money," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 6(2), pages 152-169.
    3. Dorothea GREILING & Birgit GRUB, 2015. "Towards Citizen Accountability Of Local Public Enterprises," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 86(4), pages 641-655, December.
    4. Oliver Hart, 2003. "Incomplete Contracts and Public Ownership: Remarks, and an Application to Public-Private Partnerships," Economic Journal, Royal Economic Society, vol. 113(486), pages 69-76, March.
    5. Flyvbjerg,Bent & Bruzelius,Nils & Rothengatter,Werner, 2003. "Megaprojects and Risk," Cambridge Books, Cambridge University Press, number 9780521009461, Enero-Abr.
    6. Michael Opara & Fathi Elloumi & Oliver Okafor & Hussein Warsame, 2017. "Effects of the institutional environment on public-private partnership (P3) projects: Evidence from Canada," Accounting Forum, Taylor & Francis Journals, vol. 41(2), pages 77-95, June.
    7. Thomas Andersson & Roy Liff, 2012. "Multiprofessional Cooperation and Accountability Pressures," Public Management Review, Taylor & Francis Journals, vol. 14(6), pages 835-855, September.
    8. Mubarak T. Adekilekun & Ching Chuan Gan, 2014. "Public-private partnerships in infrastructure development in Nigeria: a catalyst for national security," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 7(6), pages 750-766.
    9. Eva I. Hoppe & Patrick W. Schmitz, 2013. "Public-private partnerships versus traditional procurement: Innovation incentives and information gathering," RAND Journal of Economics, RAND Corporation, vol. 44(1), pages 56-74, March.
    10. Kim Loader, 2007. "The Challenge of Competitive Procurement: Value for Money Versus Small Business Support," Public Money & Management, Taylor & Francis Journals, vol. 27(5), pages 307-314, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. Vasilios P. Andrikopoulos & Amalia Α. Ifanti, 2020. "New Public Management and Governance: Quo Vadis?," Journal of Public Administration and Governance, Macrothink Institute, vol. 10(3), pages 430442-4304, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joshua Steinfeld & Ron Carlee & Kouliga Koala, 2020. "DBFOM Contracting and Public Stewardship in the Norfolk-Portsmouth Elizabeth River Tunnels Public-Private Partnership," Public Organization Review, Springer, vol. 20(1), pages 37-62, March.
    2. Eva I. Hoppe & Patrick W. Schmitz, 2021. "How (Not) to Foster Innovations in Public Infrastructure Projects," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(1), pages 238-266, January.
    3. Välilä, Timo, 2020. "An overview of economic theory and evidence of public-private partnerships in the procurement of (transport) infrastructure," Utilities Policy, Elsevier, vol. 62(C).
    4. Hodaka Morita & Maroš Servátka, 2016. "Does Group Identity Prevent Inefficient Investment in Outside Options? An Experimental Investigation," Research in Experimental Economics, in: Experiments in Organizational Economics, volume 19, pages 105-126, Emerald Group Publishing Limited.
    5. Marco Buso & Luciano Greco, 2023. "The optimality of public–private partnerships under financial and fiscal constraints," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 32(4), pages 856-881, October.
    6. Cian O'SHEA & Dónal PALCIC & Eoin REEVES, 2019. "Comparing Ppp With Traditional Procurement: The Case Of Schools Procurement In Ireland," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(2), pages 245-267, June.
    7. Kosuke Oshima, 2016. "Public-Private Partnerships, Dividing Operational Stage, and Optimal Governance Structures," Public Organization Review, Springer, vol. 16(4), pages 443-459, December.
    8. Nunzia Carbonara & Roberta Pellegrino, 2020. "The role of public private partnerships in fostering innovation," Construction Management and Economics, Taylor & Francis Journals, vol. 38(2), pages 140-156, February.
    9. Elisa Villani & Luciano Greco & Nelson Phillips, 2015. "Business Models and Institutional Complexity: Understanding Value Creation in Healthcare Sector Public-Private Partnerships," BEMPS - Bozen Economics & Management Paper Series BEMPS31, Faculty of Economics and Management at the Free University of Bozen.
    10. Marco Buso, 2019. "Bundling versus unbundling: asymmetric information on information externalities," Journal of Economics, Springer, vol. 128(1), pages 1-25, September.
    11. Stéphane Saussier, 2013. "Public–private partnerships," Post-Print halshs-01897404, HAL.
    12. Takeshi Nishimura, 2012. "Bundling Decision in Procurement Auctions with Risk-Averse Suppliers," Global COE Hi-Stat Discussion Paper Series gd12-237, Institute of Economic Research, Hitotsubashi University.
    13. Buso, Marco & Moretto, Michele & Zormpas, Dimitrios, 2021. "Excess returns in Public-Private Partnerships: Do governments pay too much?," Economic Modelling, Elsevier, vol. 102(C).
    14. Schmitz, Patrick W., 2013. "Job design with conflicting tasks reconsidered," European Economic Review, Elsevier, vol. 57(C), pages 108-117.
    15. Ram Singh, 2018. "Public–private partnerships vs. traditional contracts for highways," Indian Economic Review, Springer, vol. 53(1), pages 29-63, December.
    16. Giuseppe Attanasi & Kene Boun My & Marco Buso & Anne Stenger, 2020. "Private investment with social benefits under uncertainty: The dark side of public financing," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(3), pages 769-820, June.
    17. Schmitz, Patrick W., 2025. "Public–private partnerships, asymmetric information, and incomplete contracts," Economics Letters, Elsevier, vol. 256(C).
    18. Nunzia Carbonara & Roberta Pellegrino, 2018. "Delivering innovation in public infrastructure through Public Private Partnerships," Chapters, in: Urban Gråsjö & Charlie Karlsson & Iréne Bernhard (ed.), Geography, Open Innovation and Entrepreneurship, chapter 4, pages 81-107, Edward Elgar Publishing.
    19. Athena Roumboutsos & St�phane Saussier, 2014. "Public-private partnerships and investments in innovation: the influence of the contractual arrangement," Construction Management and Economics, Taylor & Francis Journals, vol. 32(4), pages 349-361, April.
    20. Anthony E. Boardman & Matti Siemiatycki & Aidan R. Vining, 2016. "The Theory and Evidence Concerning Public-Private Partnerships in Canada and Elsewhere," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 9(12), March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijpman:v:12:y:2019:i:2:p:135-155. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=255 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.