Public private partnerships: building relationships between their governance and transaction costs

Public-Private Partnerships (PPPs) are collaborative arrangements between governments and private entities that aim at greater efficiency in the delivery of public services. With their use increasing, PPPs can face transaction costs that harm their social and financial results. The objective of this...

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Main Authors: Rogerio Thamer, Mario Henrique Ogasavara
Format: Article
Language:English
Published: Instituto Brasileiro de Estudos e Pesquisas Sociais 2023-01-01
Series:Revista Eletrônica de Ciência Administrativa
Subjects:
Online Access:http://www.periodicosibepes.org.br/index.php/recadm/article/view/3638
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author Rogerio Thamer
Mario Henrique Ogasavara
author_facet Rogerio Thamer
Mario Henrique Ogasavara
author_sort Rogerio Thamer
collection DOAJ
description Public-Private Partnerships (PPPs) are collaborative arrangements between governments and private entities that aim at greater efficiency in the delivery of public services. With their use increasing, PPPs can face transaction costs that harm their social and financial results. The objective of this work is to evaluate the adoption of specific governance elements in Public-Private Partnership contracts (ex-ante) and their impact on the reduction of transaction costs during these contracts (ex-post). Based on a literature review, this research presents propositions that relate governance mechanisms defined in the contract with the transaction costs that negatively affect these partnerships. As a contribution, a framework is proposed that takes into account the main stakeholders involved and emphasizes the importance of standardizing certain elements in partnership contracts, seeking an alignment between governance structures and the different characteristics of transactions during PPPs, helping public managers and private entities responsible for defining these contracts.
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spelling doaj.art-0b64295d6a024fc88b178679390cbb1f2023-03-10T19:12:15ZengInstituto Brasileiro de Estudos e Pesquisas SociaisRevista Eletrônica de Ciência Administrativa1677-73872023-01-01221406510.21529/RECADM.20230021063Public private partnerships: building relationships between their governance and transaction costsRogerio Thamer0Mario Henrique Ogasavara1Escola Superior de Propaganda e Marketing (ESPM)Escola Superior de Propaganda e Marketing (ESPM)Public-Private Partnerships (PPPs) are collaborative arrangements between governments and private entities that aim at greater efficiency in the delivery of public services. With their use increasing, PPPs can face transaction costs that harm their social and financial results. The objective of this work is to evaluate the adoption of specific governance elements in Public-Private Partnership contracts (ex-ante) and their impact on the reduction of transaction costs during these contracts (ex-post). Based on a literature review, this research presents propositions that relate governance mechanisms defined in the contract with the transaction costs that negatively affect these partnerships. As a contribution, a framework is proposed that takes into account the main stakeholders involved and emphasizes the importance of standardizing certain elements in partnership contracts, seeking an alignment between governance structures and the different characteristics of transactions during PPPs, helping public managers and private entities responsible for defining these contracts.http://www.periodicosibepes.org.br/index.php/recadm/article/view/3638parceria público-privadacustos de transaçãocontratos incompletoselementos de governançaframework teórico
spellingShingle Rogerio Thamer
Mario Henrique Ogasavara
Public private partnerships: building relationships between their governance and transaction costs
Revista Eletrônica de Ciência Administrativa
parceria público-privada
custos de transação
contratos incompletos
elementos de governança
framework teórico
title Public private partnerships: building relationships between their governance and transaction costs
title_full Public private partnerships: building relationships between their governance and transaction costs
title_fullStr Public private partnerships: building relationships between their governance and transaction costs
title_full_unstemmed Public private partnerships: building relationships between their governance and transaction costs
title_short Public private partnerships: building relationships between their governance and transaction costs
title_sort public private partnerships building relationships between their governance and transaction costs
topic parceria público-privada
custos de transação
contratos incompletos
elementos de governança
framework teórico
url http://www.periodicosibepes.org.br/index.php/recadm/article/view/3638
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AT mariohenriqueogasavara publicprivatepartnershipsbuildingrelationshipsbetweentheirgovernanceandtransactioncosts