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IJSTR >> Volume 8 - Issue 10, October 2019 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



The Development Of Management Control Systems Framework In Public-Private Partnerships

[Full Text]

 

AUTHOR(S)

Sevar Neamat

 

KEYWORDS

Public-Private Partnerships; management strategies; MCS PPPs; Relational Risk; behavioral Risk.

 

ABSTRACT

This study has developed a Public Private Partnership (PPP) framework in order to analyze a Management Control System (MSC). This is being specified relying on the basis of Transaction Cost Economics (TCE) and organizational theory. Moreover, in this research, an approach is proposed that could theoretically be resulted in the reduction of relational and performance risks by joining the three control standards called the marketplace, administrative and clan, and combining them with control strategies, called Performance Evaluation Strategy (PES) and Trust-Based Strategy (TBS). The framework aspiration is to achieve the Value for Money (VFM). Finally, specialists might use the identified links of this study in order to improve the MCS of PPPs.

 

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