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A framework for examining accountability and value for money in the UK's private finance initiative
journal contribution
posted on 2023-06-09, 01:28 authored by Istemi Demirag, Melvin Dubnick, Iqbal KhadarooThis paper seeks to develop a system for evaluating the implications of accountability and value-for-money (VFM) decisions in private finance initiative (PFI) projects from initiation through set-up, implementation and internal and external monitoring. By reviewing the extant literature on accountability and VFM, a model is developed for evaluating the implications of various types of accountability and VFM decisions on PFI projects. Most previous studies have considered either the accountability or VFM at the projects' initial stages; little attention has been paid to the interrelationship between accountability and VFM issues in the evaluation of various PFI processes. This paper addresses these lacunae in the literature.
History
Publication status
- Published
File Version
- Published version
Journal
Journal of Corporate CitizenshipISSN
1470-5001Publisher
GreenleafExternal DOI
Issue
15Volume
2004Page range
63-76Department affiliated with
- Business and Management Publications
Full text available
- Yes
Peer reviewed?
- Yes