Creating and Capturing Value in Public-Private Ties : A Private Actor's Perspective

Intersecting the boundaries of public and private economic activity, public-private ties carry important organizational strategy, managerial, and policy implications. We identify the value-creation and capture mechanisms embedded in these ties through a theoretical framework of two conceptual public-private structural alternatives, each associated with different value-creating capacities, rationales, and outcomes. Two important restraints on private value capture — public partner opportunism and external stakeholder activism — arise asymmetrically under each form, carrying a critical effect on partnership outcomes