Conundrum of Relationship Between Governance Mechanisms: Alignment with Transaction, A Missing Link

Maurya, Dayashankar and Srivastava, Amit Kumar (2017) Conundrum of Relationship Between Governance Mechanisms: Alignment with Transaction, A Missing Link. TAPMI,, Manipal.

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Abstract

Impact of governance mechanisms’ relationship on performance is still contradictory and inconclusive. Using a comparative case analysis, we explain the variation in relationship between governance mechanisms in an emerging economy public-private partnership context, which is not studied much. We argue that the governance mechanisms continue to complement, substitute, and do both in a dynamic manner but until aligned with nature of transaction they are ineffective to control partner opportunism. In the case of power imbalance, private organizations fake governance mechanisms contradictory to the actual intention. This compromises transparency resulting in lower trust, critical to fill the gaps in incomplete contract. Inappropriate governance mechanisms inflate the gaps of incomplete contracts leading to poor public value, especially in emerging economy healthcare context.[This paper has been submitted to Strategic Management Journal special issue on Value Creation and Value Appropriation in the context of Public and Non-Profit Organisations.

Item Type:	TAPMI Working Papers
Uncontrolled Keywords:	Governance mechanism; public-private partnership; partner opportunism, nature of transaction;emerging economies
Subjects:	?? HR ??
Divisions:	General Management and Enterpreneurship
Depositing User:	Mr Ramesh Kamath
Date Deposited:	11 Sep 2018 06:32
Last Modified:	17 Oct 2018 10:10
URI:	http://tapmi.informaticsglobal.com/id/eprint/47

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