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A framework for examining accountability and value for money in the UK's private finance initiative

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journal contribution
posted on 2023-06-09, 01:28 authored by Istemi Demirag, Melvin Dubnick, Iqbal Khadaroo
This 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 Citizenship

ISSN

1470-5001

Publisher

Greenleaf

Issue

15

Volume

2004

Page range

63-76

Department affiliated with

  • Business and Management Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2016-06-03

First Open Access (FOA) Date

2016-06-03

First Compliant Deposit (FCD) Date

2016-06-03

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