Accountability and Value for Money: A Framework for Exploring the Relationship in Private Finance Initiative Contracts

Istemi Demirag, I. Khadaroo

Research output: Contribution to journalArticle

26 Citations (Scopus)

Abstract

There is an implicit assumption in the UK Treasury’s publications on public-private partnerships (PPP) – also more commonly known in the United Kingdom as private finance initiative (PFI) - that accountability and value for money (VFM) are related concepts. While recent academic studies on PPP/PFI (from now on as PFI) have focused on VFM, there is a notable absence of studies exploring the ‘presumed’ relationships between accountability and VFM. Drawing on Dubnick’s (Dubnick and Romzek, 1991, 1993; Dubnick, 1996, 1998, 2003, 2005; Dubnick and Justice, 2002) framework for accountability and PFI literature, we develop a research framework for exploring potential relationships between accountability and VFM in PFI projects by proposing alternative accountability cultures, processes and mechanisms for PFI. The PFI accountability model is then exposed to four criteria - warrantability, tractability, measurability and feasibility. Our preliminary interviews provide us guidance in identifying some of the cultures, processes and mechanisms indicated in our model which should enable future researchers to test not only the UK Government’s claimed relationships between accountability and VFM using more specific PFI empirical data, but also a potential relationship between accountability and performance in general.
Original languageEnglish
Pages (from-to)271-296
Number of pages26
JournalJournal of Management and Governance
Volume15
Publication statusPublished - 2011

Fingerprint Dive into the research topics of 'Accountability and Value for Money: A Framework for Exploring the Relationship in Private Finance Initiative Contracts'. Together they form a unique fingerprint.

  • Cite this