Search results

A public‐private partnership can be seen as an appropriate institutional means of dealing with particular sources of market failure by creating a perception of equity and mutual accountability in transactions between public and private organisations through co‐operative behaviour. The relative merit of the idea of public‐private partnership is oriented mainly around a mutual benefit. As the roles of government in public‐private partnerships are not only to provide services, but also to monitor the marketplace, a well‐defined regulation framework is essential. A sound regulatory framework will increase benefits to the government by ensuring that essential partnerships operate efficiently and optimise the resources available to them in line with broader policy objectives, ranging from social policy to environmental protection. In turn, it provides assurance to the private sector that the regulatory system includes protection from expropriation, arbitration of commercial disputes, respect for contract agreements, and legitimate recovery of costs and profit proportional to the risks undertaken.

This chapter examines the potential of public–private partnerships (PPPs) to contribute to the achievement of rural transformation objectives in the agriculture sector of developing countries. The chapter draws on the findings from a recent publication by the United Nations Food and Agriculture Organization (FAO, 2016) that analysed 70 case studies of agri-PPP projects from 15 developing countries in Africa, Latin America and Asia. A typology of four common project types was identified: (i) partnerships that aim to develop agricultural value chains; (ii) partnerships for joint agricultural research, innovation and technology transfer (ITT); (iii) partnerships for building and upgrading market infrastructure; and (iv) partnerships for the delivery of business development services (BDS) to farmers and small enterprises. Findings suggest that while positive contributions to agricultural transformation objectives exist, there remain several outstanding issues associated with the impact of agri-PPPs on poverty reduction and inclusion which still need to be addressed. Weaknesses were also identified in the governance mechanisms that support these partnerships, with limited assessment of value-for-money versus opportunity cost when considering the public benefits delivered. Interest in and support of agri-PPPs is growing in many developing countries, however, there remain many unanswered questions about the practicalities of designing and implementing such projects. The findings from this study make a contribution towards closing this knowledge gap by documenting useful insights for policy-makers on the potential benefits and limitations of agri-PPPs and differences in approach when compared to traditional PPPs.

This paper aims to retrace the genesis of private share company in Ancient Rome as one of the greatest innovation in the history of management.

Relying on a thorough and systematic analysis of the available historical material, and modern research, the author reconstructs the first known form of private share company and the way it came into being under late Republic and early Empire.

The scope of commercial partnerships and bounds preventing them from concentration of capitals are shown. The popular myth of private corporations allegedly existing in Ancient Rome is debunked. The author reveals how existing business elements (union of co-owners, the module “slave – peculium – free administration” from individual enterprise, and the principle of inseparability of joint ownership) had been combined to form private share company. Are demonstrated its chief differences from corporation, and the untenability of attempts to deny the real existence of private share companies in Ancient Rome. By way of summing up, the pattern of innovations is brought into relief.

The material opens new vistas for historians and allows them to draw an exacter and more comprehensive picture of Roman private entrepreneurship. Experts in management get an opportunity to retrace the background of modern forms of business organizing. A broader circle of researchers may see what the real path of radical novelties – from the need for them to their implementation – is. And altogether, the author’s conclusions provide scholars with a key to understanding breakthrough phenomena of history.

The results obtained may be used in many courses related to the history of economics, business, management, innovations, etc. Besides, they allow practitioners to discern plainly the origins of new business forms and learn how to make for them or facilitate their growth.

The author's conception of viable novelties sheds light on the processes of social development and modernization. It may serve as an effective instrument in planning reforms and managing them.

The framework of Roman private share company and many allied issues are investigated for the first time. This type of enterprise is presented as a response to the functional request from private entrepreneurs. That is why the new organizational form, despite its radical nature, proved to be quite efficient, and caught on in business. The author infers from his findings a generalized pattern of innovations able to get integrated into reality.

Public–Private Partnerships (PPPs) continue to gain increased attention from the Nigerian government. However, since PPP adoption in the country not all have attained expected outcomes. The purpose of this chapter is to explore PPP implementation practices and implications on contractual expectations of partner organizations. A qualitative approach using data collected from 23 semi-structured interviews with key stakeholders involved in a Road Partnership and in a Transport Partnership in Nigeria was employed. Documentary evidence was also collected. The institutional nature of the PPP environment; bureaucratic practices in government institutions; disruptive actions of external actors and ineffective mitigation of project risks were main challenges faced in the implementation of the Road and Transport Partnerships. This study is based on the opinions and experiences of key stakeholders on PPP implementation practices in Nigeria, and this is most appropriate to elicit data richness. Partner organizations involved in infrastructure PPPs have the obligation to ensure that they are effectively implemented. If partnerships are poorly implemented, there is no reason to expect that the partnership objectives will be achieved, and this is likely to have a negative impact on the collaborative nature of partnership working in fulfilling the contractual obligations. This study is imperative to provide an understanding of challenges inherent in achieving partnership implementation goals in a developing economy. Findings will inform practices within the PPP policy area in the Nigerian context.

The purpose of this paper is to examine public‐private partnerships with a particular focus on the impact that such partnerships have on territorial governance. These organizations are spread all over the world with the goal of promoting community participation and sustainable development, and engaging citizens and organizations in the decision making of local governance. This situation underlines important changes in governance and territorial governance models.

A mix of qualitative and quantitative approaches are used. Analysing the existing literature, the paper focuses on specific type of public‐private partnership: the Local Action Group (LAG). Specifically, this study focuses on 63 Italian LAGs, in order to highlight their role in the challenges that local governance has to face.

Findings suggest that public‐private partnerships can represent a new model of governance – the Partnership Governance – with features that differentiate this form from other models.

Through a relatively novel statistical technique, combined with interviews, document analysis and direct observations, on the one hand the public‐private partnership phenomenon is observed, and on the other hand, a new mode of governance that is affecting the worldwide scenario in a current era and that is introducing ethical principles in governance systems is conceived.

The purpose of this article is to survey various meanings attached to a public‐private partnership (PPP) and related aspects in Western literature, and identify commonalities and differences between them. Additionally, the article intends to critically assess conflicting and overlapping views on contractual and institutional PPPs, their forms and models, and draw insights for transitional economies.

The article contrasts and compares views on PPP meanings, forms and models within Western PPP literature, and also draws comparisons with understanding of partnership aspects in the Russian language sources. The article examines theories underpinning PPPs, builds connections to PPP advantages and drawbacks, and provides critical assessment of net benefits that PPPs may bring along to the society.

The article concludes that future PPP research in transitional countries such as Kazakhstan and Russia, particularly in the area of organisational and power arrangements in partnerships, may delineate new concepts such as government as a guarantor of a PPP project, social significance of a PPP project, and risk management in a country's contextual environment.

In transitional countries, in which PPPs are in their infancy, clarification of theoretical positions, and identification of commonalities and differences between meanings attached to the PPP terminology may enable better decisions by researchers and practitioners in their selection and further development of partnerships and related concepts.

Research in the field of PPPs in transitional countries such as Russia and Kazakhstan is in its infancy. The paper intends to contribute to the body of knowledge about PPPs by providing detailed account and categorisation of their principal meanings, forms, models, underpinning theories, and drawing insights for future research in transitional countries.

Partnerships with business involvement became a key trend in development cooperation since the late 1980s. Partnerships emerged as promising governance mechanism; however, governing partnerships in practice remained challenging – promise and reality seem to diverge. This chapter scrutinizes the tension between the promises of partnerships as governance arrangements and their actual governance challenges. It disentangles the complexity of governing partnerships by developing a framework based on a continuum between efficiency- and participation-orientation. This chapter identifies partnering approaches and their governance orientations based on an extensive review of literature in diverse academic fields and grey literature on the emergence and evolution of partnerships in development cooperation since the 1980s. Examples from the Dutch development cooperation provide illustrations for each partnership approach. Efficiency- and participation-orientation highlight competing governance rationales, logics and partnership characteristics. Partnership approaches that aim to embrace both perspectives have to deal with the inherent governance paradox between control and collaboration. This chapter identifies three key implications for research and practice: exploring new governance approaches and practices, adapting development agencies towards partnering and coordinating partnership approaches at international level. Understanding the tension between the promises of partnerships as governance arrangements and their actual governance challenges does not only contribute to more nuanced conceptualizations of partnering approaches for development but has also implications on how to govern partnerships for development in practice.

This chapter compares the literature on public and private sector collaboration and considers the implications for success in collaborative relationships between the sectors. It highlights key comparative drivers of intent for both types of organization, explores the relationship between them, and proposes a framework for primary investigation based on the relationship between the key areas of competitive positioning and level of risk. A case study analysis of two complex strategic partnership initiatives in Wales,¹ both involving collaboration between local health boards, local authorities, health trusts and other statutory, voluntary and private sector stakeholders is then used to illustrate the complexity of successfully managing relationships in this context.

This chapter seeks to examine the legal development of Public–Private Partnerships (PPPs) in Kosovo and to assess their role in economic development in Kosovo, as well as PPPs’ function to Kosovo in achieve the Copenhagen criteria to access the European Union (EU). This chapter analyses the theoretical arguments behind PPPs as a mean of narrowing the infrastructure-financing gap and assess the evolution of PPPs’ jurisdiction on Kosovo and EU’s position on PPPs. This chapter includes a detailed critical analysis of the present legal framework on PPPs in Kosovo and a case study of Pristina International Airport. This chapter concludes that PPPs could be the only alternative that Kosovo has, till date, to achieve economic growth. Indeed, it can help the country to be closer to European standards, when it cuts out corruption from these partnerships. This chapter contributes to the debate on the use of PPPs in Kosovo for the construction of major infrastructures, although they are still in a very embryonic process. This chapter presents a comprehensive analysis of the benefits and risks that PPPs could offer to Kosovo as a newly formed state, contributing to the academic debate on PPPs in Balkan countries and providing useful tools for policy-makers in the decision-making process, providing a clear description of new PPPs legislation in Kosovo.

This article argues that confusion exists as to exactly what constitutes a public-private partnership (P3). This confusion, it is maintained, creates problems for public procurement professionals when advising elected officials and government administrators on the appropriate uses of P3s. The article looks first at the imprecise language used by organizations (governments and others) to define, describe and discuss P3s. A proposed consensus definition of P3s is then introduced together with an accompanying proposed taxonomy of P3 types. The article then demonstrates how the proposed consensus definition and taxonomy can bring more clarity to discussions about P3s and their uses. The article concludes by suggesting that some public procurement standard setting organization should undertake the task of developing and promulgating more prescriptive guidance on P3s.