Introduction
Institutionalized public–private partnerships (PPPs) are joint venture companies whose shareholders are the public institution and the private investors involved. Institutionalized PPPs are often responsible for the development and production of specific public goods and services. The decisions that determine these processes are made jointly by the public institution and private investors, who form a partnership to achieve their financial and social objectives (Klijn and Teisman 2001). Institutionalized PPPs can be regarded as an extension of contractual PPPs, because their aim is not only to operate efficiently but also to achieve high investments by taking advantage of both the capital of the private investor and the typically lower cost of the capital of the public institution (Hart 2003; Marra 2007).
Besides organizational aspects, the discussion on PPPs has to...
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Lohmann, C., Ströbele, A. (2017). Relations Between Institutionalized Public–Private Partnerships and their Public Clients. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3296-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_3296-1
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