Creating and Capturing Value in Public-Private Ties: A Private Actor's Perspective
Academy of Management Review, Forthcoming
64 Pages Posted: 22 Sep 2011
Date Written: September 22, 2011
Intersecting the boundaries of public and private economic activity, public-private ties carry important organizational strategy, managerial, and policy implications. We identify the value-creation and capture mechanisms embedded in these ties through a theoretical framework of two conceptual public-private structural alternatives, each associated with different value-creating capacities, rationales, and outcomes. Two important restraints on private value capture — public partner opportunism and external stakeholder activism — arise asymmetrically under each form, carrying a critical effect on partnership outcomes.
Keywords: public-private interorganizational relations, governance, public opportunism, social activism, value creation, value distribution
JEL Classification: D21, D23, L14, L31, L33
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