How public-private partnerships co-create value: The case of cultural and creative industry

Kuo Hao Feng, Shih-Chieh Fang, Shih Chin Tai, Wen Shan Lai

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

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.

Original languageEnglish
Title of host publicationPICMET 2014 - Portland International Center for Management of Engineering and Technology, Proceedings
Subtitle of host publicationInfrastructure and Service Integration
EditorsDundar F. Kocaoglu, Gary Perman, Dilek Cetindamar Kozanoglu, Tugrul U. Daim, Timothy R. Anderson, Kiyoshi Niwa
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages2047-2055
Number of pages9
ISBN (Electronic)9781890843304
Publication statusPublished - 2014 Oct 10
Event2014 Portland International Center for Management of Engineering and Technology, PICMET 2014 - Kanazawa, Japan
Duration: 2014 Jul 272014 Jul 31

Publication series

NamePICMET 2014 - Portland International Center for Management of Engineering and Technology, Proceedings: Infrastructure and Service Integration

Other

Other2014 Portland International Center for Management of Engineering and Technology, PICMET 2014
CountryJapan
CityKanazawa
Period14-07-2714-07-31

All Science Journal Classification (ASJC) codes

  • Management of Technology and Innovation
  • Strategy and Management
  • Transportation

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