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Between Commonweal and Competition : Understanding the Governance of Public–Private Partnerships

Author

Listed:
  • Carlos Rufin

    (EM - EMLyon Business School)

  • Miguel Rivera-Santos

Abstract

The authors leverage insights and theories from the extensive interfirm (business-to-business, or B2B) alliance literature to explore the effect of the sectors of the partners on the governance of infrastructure public–private partnerships (PPPs) as compared with B2B alliances. Their analysis suggests that the sectors of the partners have an important impact on PPP governance, not only because the sector constrains the availability of some governance mechanisms but also because it makes alternative mechanisms available or relevant to the partners. Specifically, the authors predict that PPPs will avoid equity structures and will rely, instead, on less complete and more complex alliance contracts; a restricted scope of activities; and nonequity hostages, such as metagovernance mechanisms or stakeholder involvement. Contrasting with B2B alliances, their analysis also suggests that trust-based governance mechanisms will play a minimal role in the governance of PPPs.

Suggested Citation

  • Carlos Rufin & Miguel Rivera-Santos, 2012. "Between Commonweal and Competition : Understanding the Governance of Public–Private Partnerships," Post-Print hal-02313126, HAL.
    • Handle: RePEc:hal:journl:hal-02313126
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    Citations

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    Cited by:

    1. Elena Poliakova & Liesl Riddle & Michael E. Cummings, 2020. "Diaspora investment promotion via public–private partnerships: Case-study insights and IB research implications from the Succeed in Ireland initiative," Journal of International Business Policy, Palgrave Macmillan, vol. 3(1), pages 23-37, March.
    2. Bonfim, Leandro R.C. & Segatto, Andréa P. & Gonçalves, Sandro A., 2018. "A conical-helix model of technology transfer and public-private partnerships for technological development in Brazilian public health," Technology in Society, Elsevier, vol. 53(C), pages 110-123.
    3. 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.
    4. Özgü Karakulak & Lea Stadtler, 2022. "Working with Complexity in the Context of the United Nations Sustainable Development Goals: A Case Study of Global Health Partnerships," Journal of Business Ethics, Springer, vol. 180(4), pages 997-1018, November.
    5. Marian MOSZORO, 2014. "Efficient Public-Private Capital Structures," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(1), pages 103-126, March.
    6. José M. Alonso & Rhys Andrews, 2019. "Governance by targets and the performance of cross‐sector partnerships: Do partner diversity and partnership capabilities matter?," Strategic Management Journal, Wiley Blackwell, vol. 40(4), pages 556-579, April.
    7. Mengyuan Cheng & Guoliang Liu & Yongshun Xu & Ming Chi, 2021. "Enhancing Trust Between PPP Partners: The Role of Contractual Functions and Information Transparency," SAGE Open, , vol. 11(3), pages 21582440211, August.
    8. Alberto Ferraris & Gabriele Santoro & Anna Claudia Pellicelli, 2020. "“Openness” of public governments in smart cities: removing the barriers for innovation and entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1259-1280, December.
    9. Katharina Spraul & Julia Thaler, 2020. "Partnering for good? An analysis of how to achieve sustainability-related outcomes in public–private partnerships," Business Research, Springer;German Academic Association for Business Research, vol. 13(2), pages 485-511, July.

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