Understanding Value Creation in Public‐Private Partnerships: A Comparative Case Study

30 Pages Posted: 11 Aug 2017

See all articles by Elisa Villani

Elisa Villani

Free University of Bozen-Bolzano

Luciano G. Greco

University of Padua - Department of Economics

Nelson Phillips

Imperial College Business School

Date Written: September 2017

Abstract

Public‐Private Partnerships (PPPs) are an important form of hybrid organization that may, if properly designed and managed, generate innovative solutions to complex problems by combining different institutional logics. Using data from a comparative case study of the creation of two PPPs in the Italian healthcare sector, we draw on ideas from business model design and organizational hybridity to explore how complexity can be managed inside PPPs and how this drives the creation of value for stakeholders. We link the literature on hybrid organizations with the one on business models by looking at the organizational mechanisms and processes that are implemented in PPP project governance, assets and processes. We go on to develop a theoretical model showing how effective business model design can help to bridge different logics and create value for stakeholders in the creation and operation of PPPs.

Keywords: business model design, healthcare, hybrid organizations, institutional logics, PPPs

Suggested Citation

Villani, Elisa and Greco, Luciano G. and Phillips, Nelson, Understanding Value Creation in Public‐Private Partnerships: A Comparative Case Study (September 2017). Journal of Management Studies, Vol. 54, Issue 6, pp. 876-905, 2017. Available at SSRN: https://ssrn.com/abstract=3016698 or http://dx.doi.org/10.1111/joms.12270

Elisa Villani (Contact Author)

Free University of Bozen-Bolzano ( email )

Sernesiplatz 1
Bozen-Bolzano, BZ 39100
Italy

Luciano G. Greco

University of Padua - Department of Economics ( email )

via Del Santo 33
Padova, 35123
Italy

Nelson Phillips

Imperial College Business School ( email )

South Kensington Campus
Exhibition Road
London SW7 2AZ, SW7 2AZ
United Kingdom

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