Conceptualizing Corruption in Public Private Partnerships

This article conceptualizes the vulnerability of the different stages of Public-Private Partnership (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 th...

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Bibliographic Details
Published inPublic organization review Vol. 20; no. 4; pp. 807 - 820
Main Author Schomaker, Rahel M.
Format Journal Article
LanguageEnglish
Published New York Springer US 01.12.2020
Springer Nature B.V
Subjects
Economic Policy
Management
Political Science
Political Science and International Relations
Political Science and International Studies
Public Administration
Public Finance
Corruption
Public private partnership
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Summary:This article conceptualizes the vulnerability of the different stages of Public-Private Partnership (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 developed countries whose legal order may shield them sufficiently, but also in developing countries, carving out the vulnerable points in PPP arrangements may enable decision makers to install appropriate control mechanisms, if need be on project level.
ISSN:1566-7170
1573-7098
DOI:10.1007/s11115-020-00473-6