Comparing Accountability in the Public and Private Sectors
Richard Mulgan
Abstract
Open-access reader
Richard Mulgan
Abstract
Open-access reader
Analysis of public accountability tends to concentrate on public sector institutions. However, increasing use of the private sector in the provision of public services suggests the need to compare accountability in the two sectors. While private sector (for‐profit) companies are more accountable in terms of their 'bottom line', accountability requirements in the public sector are generally more stringent, particularly with regard to process and general policy.
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Analysis of public accountability tends to concentrate on public sector institutions. However, increasing use of the private sector in the provision of public services suggests the need to compare accountability in the two sectors. While private sector (for‐profit) companies are more accountable in terms of their 'bottom line', accountability requirements in the public sector are generally more stringent, particularly with regard to process and general policy.
Key concepts: Accountability, Public sector, Private sector, Business, Public administration, New public management, Accounting, Economics