The Challenge of Administration by Regulation: Preliminary Findings Regarding the U.S. Government's Venture Capital Funds
- 1 October 1999
- journal article
- research article
- Published by Oxford University Press (OUP) in Journal of Public Administration Research and Theory
- Vol. 9 (4) , 641-666
- https://doi.org/10.1093/oxfordjournals.jpart.a024426
Abstract
This article assesses the ability of elected officials to control public policy as implemented by public/private hybrid organizations, specifically, government venture capital funds. The study reveals greater control over OPIC investment funds than Enterprise Funds despite the existence of more traditional administrative tools of control for Enterprise Funds. This finding suggests that the regulatory infrastructure for hybrid organizations is more determinative of control than the existence (or lack) of traditional administrative control tools. Thus the challenge of hybrid government centers on the development of regulation as a substitute for administration.Keywords
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