Conceptualizing Corruption in Public Private Partnerships
- This article conceptualizes the vulnerability of the different stages of Public-Private Partner-ship (PPP) models for corruption against the backdrop of contract theory, principal-agent theory and transaction cost economics, and discusses potential control mechanisms. The article’s contribution to the debate on PPPs is twofold: first, an issue widely neglected by the pertinent literature is conceptualized. Second, as these PPPs are used not only in de-veloped countries whose legal order may shield them sufficiently, but also in developing countries, carving out the vulnerable points in PPP arrangements may enable decision mak-ers to install appropriate control mechanisms, if need be on project level.
Author: | Rahel M. Schomaker |
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DOI: | https://doi.org/10.1007/s11115-020-00473-6 |
ISSN: | 1566-7170 |
Parent Title (English): | Public Organization Review |
Volume: | 20 |
Publisher: | Springer |
Place of publication: | Berlin |
Document Type: | Article |
Language: | English |
Year of Completion: | 2020 |
Publishing Institution: | Deutsches Forschungsinstitut für öffentliche Verwaltung |
Release Date: | 2021/01/18 |
Reviewed Document?: | Ja |
First Page: | 807 |
Last Page: | 820 |
Licence (German): | Urheberrechtlich geschützt |