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Aligning agents to principals : an exploration of the job creation possibilities of South Africa’s infrastructure public-private partnerships
Mini Dissertation (MBA)--University of Pretoria, 2021.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2021
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| _version_ | 1867613704795717632 |
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| access_status_str | Open Access |
| author2 | Olivier, Johan |
| author_browse | Olivier, Johan |
| author_facet | Olivier, Johan |
| collection | Thesis |
| dc_rights_str_mv | © 2021 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (MBA)--University of Pretoria, 2021. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/81322 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:40:23.116Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/81322 Aligning agents to principals : an exploration of the job creation possibilities of South Africa’s infrastructure public-private partnerships Olivier, Johan u19410906@mygibs.co.za Mazwi, Ngoku Sakhile UCTD Infrastructure Public-private partnerships Job creation Agency theory Governance mechanisms Moral hazard and adverse selection Mini Dissertation (MBA)--University of Pretoria, 2021. This study sought to explore the governance mechanisms that result in agent principal alignment in Public Private Partnerships (PPPs), with specific reference to Job Creation. This is important to understand in South Africa as infrastructure PPPs are central to the government’s economic growth strategy. The Renewable Energy Programme (REIPPPP), a decade-old PPP, was identified as the ideal context given its consistent job-creation alignment between the state and its agents, Independent Power Producers (IPPs). Agency Theory posits that agents are inherently self-interested and thus unlikely to act in the interests of principals. However, while some theoretical propositions envisage instances of agent-principal alignment, what is less known are the precise mechanisms by which this can be achieved. This study explored the questions of moral hazard and adverse selection, which refer to goal conflict and information asymmetry in agent-principal relationships. The research was undertaken through a qualitative study, comprised of secondary data analysis as well as semi-structured interviews. It was found that by aligning contracts across multiple stakeholders, agents can increase their enforcement capacity. Furthermore, a rigorous data collection system accompanied by credible penalties, results in greater compliance. This contribution enhances the theory in respect of governance mechanisms whilst simultaneously providing practical guidance for PPP structuring. Gordon Institute of Business Science (GIBS) MBA Unrestricted 2021-08-17T08:24:43Z 2021-08-17T08:24:43Z 2021-09 2021 Mini Dissertation Mazwi, NS 2021, Aligning agents to principals : an exploration of the job creation possibilities of South Africa’s infrastructure public-private partnerships, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/81322> S2021 http://hdl.handle.net/2263/81322 en © 2021 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Infrastructure Public-private partnerships Job creation Agency theory Governance mechanisms Moral hazard and adverse selection Aligning agents to principals : an exploration of the job creation possibilities of South Africa’s infrastructure public-private partnerships |
| title | Aligning agents to principals : an exploration of the job creation possibilities of South Africa’s infrastructure public-private partnerships |
| title_full | Aligning agents to principals : an exploration of the job creation possibilities of South Africa’s infrastructure public-private partnerships |
| title_fullStr | Aligning agents to principals : an exploration of the job creation possibilities of South Africa’s infrastructure public-private partnerships |
| title_full_unstemmed | Aligning agents to principals : an exploration of the job creation possibilities of South Africa’s infrastructure public-private partnerships |
| title_short | Aligning agents to principals : an exploration of the job creation possibilities of South Africa’s infrastructure public-private partnerships |
| title_sort | aligning agents to principals an exploration of the job creation possibilities of south africa s infrastructure public private partnerships |
| topic | UCTD Infrastructure Public-private partnerships Job creation Agency theory Governance mechanisms Moral hazard and adverse selection |
| url | http://hdl.handle.net/2263/81322 |