2007/07/01 by Jean Shaoul, Anne Stafford, Pamela Stapleton · 3 citations
Business, Management and Accounting · #Accounting #Business #Control (management) #Democracy #Economic growth #Economics #Equity (law) #Finance #Government (linguistics) #Management #Political science #Politics #Private enterprise #Private sector #Public administration #Public interest #Public policy #Public relations #Public sector #Public-Private Partnership Projects
paper · doi:10.1332/030557307781571678
openalex publication_date 2007/07/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/02
English This article shows how the use of private sector advisors, predominantly from the Big Four accounting firms, to develop and manage the government's Public–Private Partnerships policy, has led to the privatisation of policy formulation and implementation. Financial advisors develop the policy and appraisal procedures, appraise individual projects, and advise both public and private sector clients. In some cases, the firms also have an equity stake and/or are key subcontractors. They prepare evaluative reports on the same policies in which they have a vested interest. Such conflicts of interest raise questions about who controls policy and the implications for democracy.