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Managing partner opportunism in public–private partnerships: the dynamics of governance adaptation

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  • Dayashankar Maurya
  • Amit Kumar Srivastava

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.

Suggested Citation

  • Dayashankar Maurya & Amit Kumar Srivastava, 2019. "Managing partner opportunism in public–private partnerships: the dynamics of governance adaptation," Public Management Review, Taylor & Francis Journals, vol. 21(10), pages 1420-1442, October.
    • Handle: RePEc:taf:rpxmxx:v:21:y:2019:i:10:p:1420-1442
    DOI: 10.1080/14719037.2018.1559341
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    Cited by:

    1. Dayashankar Maurya & Amit Srivastava, 2022. "Controlling Partner Opportunism in Cross-Sectoral Alliance: Dynamics of Governance Flexibility," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(1), pages 15-28, December.
    2. Rocco Palumbo & Mohammad Fakhar Manesh & Massimiliano M. Pellegrini & Giulia Flamini, 2020. "Exploiting Inter-Organizational Relationships in Health Care: A Bibliometric Analysis and Literature Review," Administrative Sciences, MDPI, vol. 10(3), pages 1-22, August.

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