TY - GEN
T1 - How public-private partnerships co-create value
T2 - 2014 Portland International Center for Management of Engineering and Technology, PICMET 2014
AU - Feng, Kuo Hao
AU - Fang, Shih Chieh
AU - Tai, Shih Chin
AU - Lai, Wen Shan
N1 - Publisher Copyright:
© 2014 PICMET.
PY - 2014/10/10
Y1 - 2014/10/10
N2 - Public-private partnerships (PPPs) have received considerable attention in the field of public management, business management, and strategy. However, researchers have mostly focused on public policies, public sector reform, and social problems, leaving how PPPs co-create value largely studied. Aiming at theorizing PPPs, this study reviews research on PPPs and value-based strategies including value co-creation and explores how PPPs co-create value. In our case study of Hwang Sun Enterprise in cultural and creative industries, we provide an understanding of how the focal firm initiated and governed a PPP with public sector (Tainan City Government) and academic sector (Kun Shan University Incubation Center), how the firm shifted from the role of manufacturer to service provider, and how the firm combined its core technologies from auto-machinery with salt culture from Anping, and how they co-created value. Based on induced framework, we specify a theoretical framework for value co-creation of PPPs and indicate that heterogeneity and public goods characteristics of PPPs have impacts on value co-creation. Combining co-specialized assets and dynamic capability of focal firm have moderating effects on how PPPs co-create value. Finally, theoretical contributions, implications, and limitations are discussed.
AB - Public-private partnerships (PPPs) have received considerable attention in the field of public management, business management, and strategy. However, researchers have mostly focused on public policies, public sector reform, and social problems, leaving how PPPs co-create value largely studied. Aiming at theorizing PPPs, this study reviews research on PPPs and value-based strategies including value co-creation and explores how PPPs co-create value. In our case study of Hwang Sun Enterprise in cultural and creative industries, we provide an understanding of how the focal firm initiated and governed a PPP with public sector (Tainan City Government) and academic sector (Kun Shan University Incubation Center), how the firm shifted from the role of manufacturer to service provider, and how the firm combined its core technologies from auto-machinery with salt culture from Anping, and how they co-created value. Based on induced framework, we specify a theoretical framework for value co-creation of PPPs and indicate that heterogeneity and public goods characteristics of PPPs have impacts on value co-creation. Combining co-specialized assets and dynamic capability of focal firm have moderating effects on how PPPs co-create value. Finally, theoretical contributions, implications, and limitations are discussed.
UR - http://www.scopus.com/inward/record.url?scp=84910156772&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84910156772&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:84910156772
T3 - PICMET 2014 - Portland International Center for Management of Engineering and Technology, Proceedings: Infrastructure and Service Integration
SP - 2047
EP - 2055
BT - PICMET 2014 - Portland International Center for Management of Engineering and Technology, Proceedings
A2 - Kocaoglu, Dundar F.
A2 - Anderson, Timothy R.
A2 - Daim, Tugrul U.
A2 - Kozanoglu, Dilek Cetindamar
A2 - Niwa, Kiyoshi
A2 - Perman, Gary
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 27 July 2014 through 31 July 2014
ER -