The Private Financing of Public Infrastructure

Heald, David; Geaughan, Neal

doi:10.1007/978-1-349-27295-2_13

Cited by 6 publications

(6 citation statements)

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“…However, he also outlines the unintended consequences of the reforms including functional disruption where a system need is neglected or threatened. The ESRC programme provides several examples of this including weakening of democratic accountability as a consequence of opting out initiatives (Pollitt et al, 1999), undermining of public accountability in PFI initiatives (Heald and Geaughan ,1999), and concern about the impact of governance systems (Lowndes, 1999). Another consequence is 'goal displacement' where performance measures become a goal in themselves rather than help to improve services.…”

Section: Post-fordism New Public Sector Reforms and Accounting In Lomentioning

confidence: 99%

“…Another consequence is 'goal displacement' where performance measures become a goal in themselves rather than help to improve services. Examples were found in crime prevention (Benyon and Edwards, 1999) and in a PFI initiative (Heald and Geaughan, 1999). Other unintended costs included opportunistic behaviour, loss of cooperation, demotivated and excluded stakeholders, and exaggerated and illusory claims of success.…”

Section: Post-fordism New Public Sector Reforms and Accounting In Lomentioning

confidence: 99%

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Reform as regulation – accounting, governance and accountability in UK local government

Goddard

2005

Journal of Accounting &Amp; Organizational Change

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This paper is an attempt to theorise the recent changes to accounting practices in local government in the UK. The principal theory used is regulation theory, which incorporates aspects of hegemony theory and governance. Regulation theory attempts to explain major changes in national economic structures by examining underlying systems of capital accumulation, regulation and hegemony. Central to these structures and systems are the role and operation of the state and its institutions. Changes in economic structures will result in conditions, which favour different governance structures for these institutions; comprising markets, hierarchies, civil society, and heterarchic combinations. Several researchers in these areas have characterised 'traditional' institutional practices as Fordist and are associated with a particular approach to regulation. However, the underlying economic structure is seen to be in crisis and a new Post-Fordist regime may be emerging. Post-Fordism is associated with new institutional practices, particularly decentralised management, contracting out of public services, extended use of public private partnerships and concerns for value for money, charters and league tables. The introduction of such practices may therefore be explained by the changes in underlying structures rather than as a teleological development of accounting. Moreover, some researchers have characterised such changes as representing a fundamental shift from government to governance. The very nature of the relationship between governance, accountability and accounting may therefore have also changed. These issues are explored in the paper.

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Section: Post-fordism New Public Sector Reforms and Accounting In Lomentioning

confidence: 99%

Section: Post-fordism New Public Sector Reforms and Accounting In Lomentioning

confidence: 99%

Reform as regulation – accounting, governance and accountability in UK local government

Goddard

2005

Journal of Accounting &Amp; Organizational Change

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“…The need for commercial confidentiality in Private Finance Initiative deals sometimes conflicted with the needs of public accountability, for example public audit and disclosure of financial accounts. There were also considerable 'transaction costs' in setting and monitoring contracts, especially in relation to Private Finance Initiative agreements (Heald and Geaughan, 1999).…”

Section: Use Of the Private Sector And Arms Length Providers Of Servicesmentioning

confidence: 99%

New Public Management in the UK: Enduring Legacy or Fatal Remedy?

James¹

2001

International Review of Public Administration

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“…Those involved in such networks can establish monopolies of expertise in particular policy areas. Heald and Geaughan (1999) highlight how private companies involved in the Private Finance Initiative often claim commercial confidentiality, something which undermines public accountability. In the same book, Reid (1999) notes how the requirements for public managers to develop 'new entrepreneurial and intrapreneurial skills' is challenging traditional public sector management conventions.…”

Section: The Governance Perspectivementioning

confidence: 99%

Reviews

2001

Public Administration

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Books reviewed: C. Hood, C. Scott, O. Jones, G. Jones and T. Travers, Regulationinside government J. Pierre (ed.), Debating governance R. Pyper, and L. Robins (eds), United Kingdom governance G. Stoker (ed.), The new management of British local governance G. Stoker (ed.), The new politics of British local governance Prue Chamberlayne, Andrew Cooper, Richard Freeman and Michael Rustin (eds.), Welfare And Culture In Europe: Towards A New Paradigm In Social Policy OECD Report, Trust In Government. Ethics Measures In OECD Countries Anthony R. Zito, Creating Environmental Policy In The European Union

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The Private Financing of Public Infrastructure

Cited by 6 publications

References 0 publications

Reform as regulation – accounting, governance and accountability in UK local government

Reform as regulation – accounting, governance and accountability in UK local government

New Public Management in the UK: Enduring Legacy or Fatal Remedy?

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