Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sector
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista Direito GV |
Texto Completo: | https://periodicos.fgv.br/revdireitogv/article/view/77111 |
Resumo: | A public-private partnership (PPP) model has been adopted in Brazil for the modernization of its main national airports. Until 2017, the institutional setup imposed the public company Infraero to participate with 49% in the joint venture for the management of the airports subject to PPP. The remaining 51% shares belong to private companies, namely those that constitute the consortium group that won the correspondent public tender. This paper analyses this hybrid governance structure, including the main advantages and disadvantages, for both government and private parties, in maintaining a state-owned enterprise with a mandatory 49% share in the winner consortium. It focuses on five main aspects: access to knowledge; government influence on decisions, funding, and risk-sharing; cross subsidization and competition. The paper also summarizes its main findings and recommendations for future rounds of airport concessions in Brazil, in particular to underline overall inconveniences of the mandatory rule that imposes to Infraero a 49% share in all winner consortiums. |
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Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sectorEstrutura híbrida de governança entre companhias públicas e parceiros privados: o caso Infraero no setor aeronáutico brasileiroPublic-private partnership (PPP)State-owned enterpriseBrazilian market of airport managementInstitutional designsParceria Público-Privada (PPP)Empresas públicasGestão de aeroportos no BrasilDesenhos institucionaisA public-private partnership (PPP) model has been adopted in Brazil for the modernization of its main national airports. Until 2017, the institutional setup imposed the public company Infraero to participate with 49% in the joint venture for the management of the airports subject to PPP. The remaining 51% shares belong to private companies, namely those that constitute the consortium group that won the correspondent public tender. This paper analyses this hybrid governance structure, including the main advantages and disadvantages, for both government and private parties, in maintaining a state-owned enterprise with a mandatory 49% share in the winner consortium. It focuses on five main aspects: access to knowledge; government influence on decisions, funding, and risk-sharing; cross subsidization and competition. The paper also summarizes its main findings and recommendations for future rounds of airport concessions in Brazil, in particular to underline overall inconveniences of the mandatory rule that imposes to Infraero a 49% share in all winner consortiums.O modelo de Parceria Público-Privada (PPP) foi adotado no Brasil para a modernização dos principais aeroportos do país. O novo desenho institucional exige que a empresa pública Infraero participe com 49% no consórcio responsável pela gestão dos aeroportos sujeitos à PPP. O restante dos 51% é detido por empresas privadas, participantes do consórcio vencedor da correspondente licitação. Este artigo analisa esta estrutura de governança híbrida, incluindo suas vantagens e desvantagens, para ambos o governo e as partes privadas, na opção de manter uma empresa pública com uma parcela obrigatória de 49% no empreendimento comum. Para tanto, foca-se que cinco aspectos centrais: acesso ao know-how, influência governamental nas decisões, captação de recursos e compartilhamento de riscos, subsídios cruzados e concorrência. Ao final desta análise, o estudo busca sintetizar suas conclusões e elaborar recomendações para as próximas rodadas de concessão de aeroportos no Brasil, em particular para sinalizar os inconvenientes da regra mandatória que exige à Infraero participar com 49% de todos os consórcios vencedores.Escola de Direito de São Paulo da Fundação Getulio Vargas2018-09-25info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://periodicos.fgv.br/revdireitogv/article/view/77111Revista Direito GV; Vol. 14 No. 2 (2018): maio-ago (30); 537-556Revista Direito GV; Vol. 14 Núm. 2 (2018): maio-ago (30); 537-556Revista Direito GV; v. 14 n. 2 (2018): maio-ago (30); 537-5562317-6172reponame:Revista Direito GVinstname:Fundação Getulio Vargas (FGV)instacron:FGVenghttps://periodicos.fgv.br/revdireitogv/article/view/77111/73917Copyright (c) 2018 Revista Direito GVinfo:eu-repo/semantics/openAccessSilveira, Paulo Burnier da2019-08-07T15:58:52Zoai:ojs.periodicos.fgv.br:article/77111Revistahttps://direitosp.fgv.br/publicacoes/revista/revista-direito-gvPRIhttps://old.scielo.br/oai/scielo-oai.php||revistadireitogv@fgv.br|| catarina.barbieri@fgv.br2317-61721808-2432opendoar:2019-08-07T15:58:52Revista Direito GV - Fundação Getulio Vargas (FGV)false |
dc.title.none.fl_str_mv |
Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sector Estrutura híbrida de governança entre companhias públicas e parceiros privados: o caso Infraero no setor aeronáutico brasileiro |
title |
Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sector |
spellingShingle |
Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sector Silveira, Paulo Burnier da Public-private partnership (PPP) State-owned enterprise Brazilian market of airport management Institutional designs Parceria Público-Privada (PPP) Empresas públicas Gestão de aeroportos no Brasil Desenhos institucionais |
title_short |
Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sector |
title_full |
Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sector |
title_fullStr |
Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sector |
title_full_unstemmed |
Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sector |
title_sort |
Hybrid governance structure between public company and private partners: the case of Infraero in the Brazilian airline sector |
author |
Silveira, Paulo Burnier da |
author_facet |
Silveira, Paulo Burnier da |
author_role |
author |
dc.contributor.author.fl_str_mv |
Silveira, Paulo Burnier da |
dc.subject.por.fl_str_mv |
Public-private partnership (PPP) State-owned enterprise Brazilian market of airport management Institutional designs Parceria Público-Privada (PPP) Empresas públicas Gestão de aeroportos no Brasil Desenhos institucionais |
topic |
Public-private partnership (PPP) State-owned enterprise Brazilian market of airport management Institutional designs Parceria Público-Privada (PPP) Empresas públicas Gestão de aeroportos no Brasil Desenhos institucionais |
description |
A public-private partnership (PPP) model has been adopted in Brazil for the modernization of its main national airports. Until 2017, the institutional setup imposed the public company Infraero to participate with 49% in the joint venture for the management of the airports subject to PPP. The remaining 51% shares belong to private companies, namely those that constitute the consortium group that won the correspondent public tender. This paper analyses this hybrid governance structure, including the main advantages and disadvantages, for both government and private parties, in maintaining a state-owned enterprise with a mandatory 49% share in the winner consortium. It focuses on five main aspects: access to knowledge; government influence on decisions, funding, and risk-sharing; cross subsidization and competition. The paper also summarizes its main findings and recommendations for future rounds of airport concessions in Brazil, in particular to underline overall inconveniences of the mandatory rule that imposes to Infraero a 49% share in all winner consortiums. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-09-25 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://periodicos.fgv.br/revdireitogv/article/view/77111 |
url |
https://periodicos.fgv.br/revdireitogv/article/view/77111 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://periodicos.fgv.br/revdireitogv/article/view/77111/73917 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2018 Revista Direito GV info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2018 Revista Direito GV |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Escola de Direito de São Paulo da Fundação Getulio Vargas |
publisher.none.fl_str_mv |
Escola de Direito de São Paulo da Fundação Getulio Vargas |
dc.source.none.fl_str_mv |
Revista Direito GV; Vol. 14 No. 2 (2018): maio-ago (30); 537-556 Revista Direito GV; Vol. 14 Núm. 2 (2018): maio-ago (30); 537-556 Revista Direito GV; v. 14 n. 2 (2018): maio-ago (30); 537-556 2317-6172 reponame:Revista Direito GV instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Revista Direito GV |
collection |
Revista Direito GV |
repository.name.fl_str_mv |
Revista Direito GV - Fundação Getulio Vargas (FGV) |
repository.mail.fl_str_mv |
||revistadireitogv@fgv.br|| catarina.barbieri@fgv.br |
_version_ |
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