Application of the Public-Private Partnership Organizational Structure in the Improvement of Business Operations of Public Sector Enterprises in Serbia

  • Sladjana Benkovic University in Belgrade, Faculty of Organizational Science
  • Jovan Krivokapić University of Belgrade, Faculty of Organizational Sciences, Jove Ilića St. 154, 11000 Belgrade
  • Miloš Milosavljević University of Belgrade, Faculty of Organizational Sciences, Jove Ilića St. 154, 11000 Belgrade
Keywords: public-private partnerships, private investors, organizational structure, national wholesale market, Serbia

Abstract

Many countries have made an approach to harmonization and design of the organizational and legal framework that encourages private sector participation in the co-ownership of public sector enterprises. This is why the aim of the paper was to draw attention to the potentials that are available to the public sector in Serbia in the improvement of business operations, taking into account the current Law on public-private partnerships and concessions which has been present in practice for less than two years. The paper’s contribution is reflected in the presented model of the organizational, financial and developmental benefits of a public enterprise, through the application of the public-private partnership concept while bearing in mind the circumstances that are specific to the Serbian market.

Author Biographies

Jovan Krivokapić, University of Belgrade, Faculty of Organizational Sciences, Jove Ilića St. 154, 11000 Belgrade
Ph.D. Candidate
Miloš Milosavljević, University of Belgrade, Faculty of Organizational Sciences, Jove Ilića St. 154, 11000 Belgrade
Ph.D. Candidate

References

Akintoye, A., Beck, M. & Hardcastle C. (2003) Public Private Partnership: Managing Risk and Opportunities (Oxford: Blackwell Publishing Company).
Arlbjørn, J. S. & Freytag, P.V. (2012) Public procurement vs private purchasing: Is there any foundation for comparing and learning across the sectors?, International Journal of Public Sector Management, 25(3), 203-220.
Beogradska Veletržnica (2013a) Javni poziv za inestitore, available at: http://www.veletrznica.co.rs/poziv-za-ulagace/ (May 4, 2014).
Beogradska Veletržnica (2013b) Investicioni profil, available at: http://www.veletrznica.co.rs/projekat/ (March 30, 2014).
Benković, S., Jednak, S., Milosavljevic, M., Zarkic Joskimovic & N., Kragulj, D. (2011) Risks of project financing of infrastructure projects in Serbia, African Journal of Business Management, 5(7), pp. 2828-2836.
Benković, S., Makojević, N. & Jednak, S. (2013a) Possibilities for development of the Electric Power Industry of Serbia through private source financing of small hydropower plants, Renewable Energy, 50, pp. 1053-1059.
Benković, S., Milosavljević, M., & Barjaktarović Rakočević, S. (2010) Partnership of public and private capital in financing infrastructure projects, Megatrend Review, 7(2), pp. 313-328.
Benković, S., Milosavljević, M. & Petrović, N. (2013b) Potentials of hydroelectric power plant financing through the concept of public-private partnership in Serbia, Organization and Management, 1(154), pp. 23-34.
Brdarević, L. & Pavlović Križanić, T. (2010) Partnerstvo javnog i privatnog sektora u Srbiji: Orijentacija ka pravičnoj podeli rizika i isplativosti”. In: Damjanović D, Pavlović Križanić T. & Peteri G. (eds) Partnerstvo javnog i privatnog sektorea: Dobra i loša iskustva u odabranim zemljama u tranziciji (Belgrade: Palgo centar), pp. 113-140.
Brdarević, L. (2012) Public Private Partnerships for the Development of Local Infrastructure: Guideline for Local Authorities (Belgrade, Serbia: USAID).
Chen, B. & Chiu, S. (2010) Public–private partnerships: Task interdependence and contractibility, International Journal of Industrial Organization, 28(6), pp. 591-603.
Čudanov, M., Krivokapić, J. & Krunić, J. (2011) The influence of cloud computing concept on organizational performance and structure, Management - Journal for Theory and Practice of Management, 16(60), pp. 19-25.
De Bettignies, J. E. & Ross, T. W. (2009) Public–private partnerships and the privatization of financing: An incomplete contracts approach, International Journal of Industrial Organization, 27(3), pp. 358–368.
European Commission (2003) Guidelines for Successful Public-Private Partnerships (Brussels: European Comission)
European Commission (2014) State aid control (Brussels: European Comission).
European Investment Bank (2013) Project Priorities (Luxembourg: European Investment Bank), available at: hhtp://www.eib.org/projects/ (May 8,.2014).
Falch, M. & Henten, A. (2010) Public private partnerships as a tool for stimulating investments in broadband, Telecommunications Policy, 34(9), pp. 496–504.
Furlong, P., Lamont, F. & Cox, A. (1994) Competition or partnership?: CCT and EC public procurement rules in the single market, European Journal of Purchasing & Supply Management, 1(1), pp. 37-43.
Gil, N. & Beckman, S. (2009) Infrastructure meets business: Building new bridges, mending old ones, California Management Review, 51(2), pp. 6-29.
Grimsey, D. & Lewis, K. M. (2004) Public Private Partnerships (Northampton: Edward Elgar Publishing Limited)
Hodge, G.A. & Greve, C. (2005) Introduction, In: Hodge, G.A. & Greve C. (eds) The Challenge of Public-Private Partnerships: Learning from International Experience (Northampton: Edward Elgar Publishing).
Hurst, C. & Reeves, E. (2004) An economic analysis of Ireland's first public private partnership, International Journal of Public Sector Management, 17(5), pp. 379-388.
International Monetary Fund (2004) Public Private Partnership (Washington, D.C.: International Monetary Fund).
Jaško, O., Čudanov, M., Jevtić, M. & Krivokapić, J. (2013a) Osnovi organizacije i menadžmenta (Belgrade, Serbia: University of Belgrade).
Jaško, O., Čudanov, M., Jevtić, M. & Krivokapić, J. (2013b) Projektovanje organizacije (Belgrade, Serbia: University of Belgrade).
Jevtić, M., Čudanov, M. & Krivokapić, J. (2012) The impact of business strategy on organizational structure”, Strategic Management, 17(1), pp. 3-12.
Jimenez, F., Villoria, M. & Garcia-Quesada, M. (2012) Badly Designed institutions, informal rules and perverse incentives: local government corruption in Spain, Lex Localis - Journal of Local Self-Government, 10(4), pp. 363-381.
Krivokapić, J., Dulanović, Ž. & Jevtić, M. (2008) Modaliteti integracija preduzeća kao odgovori na uticaj savremenog poslovnog okruženja, Proceedings of the 11th International Symposium Symorg, Management and Social Responsibility, Septembar 10-13, (Belgrade, Serbia: University of Belgrade).
Križanić Pavlović, T. (2012) Local public private partnerships in Serbia – a crititque overview, InTER Newsletter 03/12 (Belgrade: Institute for Territorial Economic Development)
Martimort, D. & Pouyet, J. (2008) To build or not to build: Normative and positive theories of public–private partnerships, International Journal of Industrial Organization, 26(2), pp. 393–411.
Maskin, E. & Tirole, J. (2008) Public-private partnerships and government spending limits, International Journal of Industrial Organization, 26(2), pp. 412–420.
Merna, T. & Njiru, C. (2002) Financing Infrastructure Projects (London: Thomas Telford Publishing)
Milosavljević, M. & Benković, S. (2010) Implementation of the concession mechanism for infrastructure development, Management - Journal for Theory and Practice of Management, 55, pp. 35-42.
Ministry of Transport, Marritime Affairs and Telecommunications (2013) Strategy for the development of transport in the Republic of Montenegro (Podgorica: Ministry of Transport, Marritime Affairs and Telecommunications), available at: http://www.clt.org.me/download/mne/studije/Strategija_razvoja_saobracaja_Crne_Gore.pdf (May 8, 2014).
Poznanić, V. & Milosavljević, M. (2011) Hybrid private-public partnership models”, Management - Journal for Theory and Practice of Management, 58, pp. 59-64.
Osborne, S. (2000) Public Private Partnership: Theory and Practice in International Perspective (London: Routledge).
United Nations and Economic Commission for Europe (2000) Guidelines for Private Public Partnership for Infrastructure Development (Geneva: United Nations).
Urban Institute (2013) Business Business Improvement District (Belgrade: USAID), available at: http://www.skgo.org/bz/data/8%20LER%20Koncept%20Brosure/SER/Business%20improvement%20district.pdf (May 1, 2014).
Yescombe, E. R. (2010) Public Private Partnerships: Principles of Policy and Finance (Oxford: Academic press).
Published
2015-07-31
Section
Conference Paper