The Public−Private Nexus in Organizational Economics and the Challenge of Sustainable Value Creation

Abstract

This article explores the scope for cross-fertilization between extant alternative organizational economics perspectives on the private−public nexus. It is suggested that there is substantial scope, which has gone underexplored. The comparative advantages are highlighted, and a synthesis and extension of apparently competing perspectives is provided. Furthermore, the article explores the implications for public−private links that foster sustainable system-wide value creation and concludes by pinpointing limitations of organizational economics as a whole and the need to leverage a multi- and cross-disciplinary perspective.