Year: 2016
Type: article
Abstract: In July 2014, a new type a public-private joint venture (Société d’économie mixte à opération unique) was created in France. This is the translation into French legislation of the European originated concept of institutionalized public-private partnership (IPPP). This new governance modality for the development of public projects aims at addressing some of the limits of contractual public-private partnerships, i.e. their financial costs, their opacity that impairs the public contractor’s control and their lack of flexibility that increases the risk of contractual hold-ups. We show that although IPPPs address to some extent these difficulties, they may also induce other specific risks.
Language: French
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4245942014