Managerial control: a study among public/private relations from the perspective of transaction cost theory
Purpose: The present study investigated contractual characteristics and management control mechanisms in public contracts for assignment of use in a Military Organization (MO) of the Brazilian Army, and characterized the transactions object of the studied contracts and the form of governance adopte...
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| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
| Published: |
Universidade Federal do Rio Grande do Norte
2025-07-01
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| Series: | Revista Ambiente Contábil |
| Subjects: | |
| Online Access: | https://periodicos.ufrn.br/ambiente/article/view/40754 |
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| Summary: | Purpose: The present study investigated contractual characteristics and management control mechanisms in public contracts for assignment of use in a Military Organization (MO) of the Brazilian Army, and characterized the transactions object of the studied contracts and the form of governance adopted, according to the precepts of the Transaction Cost Theory (TCT).
Methodology: An exploratory, descriptive and documentary research was carried out, materialized, in the terms of reference, bidding notices and in two contracts for assignments of public use, entered into among a Military Organization and two private entities, a barbershop and a canteen.
Results: As characteristics of the transactions, the specificity of human assets in the contract with the barbershop and the temporal specificity in the contract with the canteen were identified, in which both relationships are organized by the hybrid mode of governance, that is, an organization based on contracts, being closer to the hierarchical form of governance than market governance.
Contributions of the Study: By taking into account the contractual formality and the context of the public administration of the relationships studied, it was found extensive levels of question inclusivity, specificity of clauses and contingency adaptability as public contractual characteristics, use of non-financial performance indicators in the relationships and the existence of open book accounting in one of the contracts. Such findings materialize a dyadic relationship among the public and private entities, with the Public Administration playing the role of focal company, benefiting both in the relationship. Thus, the evidence found in the study contributes to improve a little more the knowledge about transaction costs in a public-private relationship, and can increase the efficiency and contractual effectiveness in the relationships by knowing a little more about contractual characteristics and control mechanisms.
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| ISSN: | 2176-9036 |