Work

A Framework for Examining Accountability and Value for Money in the UK's Private Finance Initiative

Year: 2004

Type: article

Abstract: This paper seeks to develop a system for evaluating the implications of accountability and value-for-money (VFM) decisions in private finance initiative (PFI) projects from initiation through set-up, implementation and internal and external monitoring. By reviewing the extant literature on accountability and VFM, a model is developed for evaluating the implications of various types of accountability and VFM decisions on PFI projects. Most previous studies have considered either the accountability or VFM at the projects' initial stages; little attention has been paid to the interrelationship between accountability and VFM issues in the evaluation of various PFI processes. This paper addresses these lacunae in the literature.

Source: Journal of Corporate Citizenship

DOI: 10.9774/gleaf.4700.2004.au.00008

Authors: Istemi Demirag, Melvin Dubnick, M. Iqbal Khadaroo

Institutions: Rutgers, The State University of New Jersey, Queen's University Belfast, Queen's University

Language: English

Topic: Public-Private Partnership Projects

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W2113517551