Purpose

This paper investigates how contemporary public policy for public-private partnerships (PPPs) deals with non-financial values and thereby shapes the way social, cultural and environmental issues are accounted for.

Design/methodology/approach

A case study critically analyses PPP policy in Victoria, Australia, an acknowledged leader in the area. The investigation of the policy’s approach to non-financial value focusses on the treatment of social and environmental issues, particularly in relation to indigenous cultural heritage values.

Findings

It is found that important non-financial issues are characterised as risks to be quantified and monetised in PPP project assessment. A critical analysis shows that this approach obscures many significant dimensions of social, environmental and Indigenous cultural heritage value. The resultant relegation of non-financial values in public discourse and decision-making is seen to entrench unsustainable practices.

Social implications

The paper shows how public policy may shape actions and outcomes that impact directly on social, environmental and indigenous cultural heritage values.

Originality/value

This study provides insights into contemporary social and environmental accounting and accountability for PPPs. It adds to the understanding of the implications of public policy framings of non-financial values.

中文翻译：

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PPP 和非金融价值：对公共政策及其对社会、环境和土著文化价值的影响的批判性分析

目的

本文研究了当代公私伙伴关系 (PPPs) 公共政策如何处理非金融价值，从而影响社会、文化和环境问题的解决方式。

设计/方法/方法

一项案例研究批判性地分析了澳大利亚维多利亚州的 PPP 政策，该地区是该地区公认的领导者。对非财务价值政策方法的调查侧重于社会和环境问题的处理，特别是与土著文化遗产价值相关的问题。

发现

研究发现，重要的非财务问题被定性为 PPP 项目评估中需要量化和货币化的风险。批判性分析表明，这种方法掩盖了社会、环境和土著文化遗产价值的许多重要方面。公共话语和决策中非金融价值的贬低被认为是不可持续的做法的根深蒂固。

社会影响

本文展示了公共政策如何影响直接影响社会、环境和土著文化遗产价值的行动和结果。

原创性/价值

本研究为 PPP 的当代社会和环境核算和问责提供了见解。它增加了对非金融价值的公共政策框架的影响的理解。