6533b835fe1ef96bd129feb6
RESEARCH PRODUCT
Risks Management Profile in Local Public Services Administration
Daniela PetrascuElena DobreMadalina Botinasubject
Value theorybusiness.industryGeneral EngineeringEconomicsEnergy Engineering and Power TechnologyQuantitative EvaluationsPublic servicePublic entityPublic relationsbusinessRisk profileAdministration (government)Public financedescription
Abstract This paper aims improving local public services practices, at least, for our national local communities’ administration. Such possibilities may arise by case study regarding delegated management of a public entity charged with central heating public service, turned in private company. Paper treats local public finance and reveals the risks of defection management and even fraud risk by periodical re-negotiating of significant contracts with related parties and internal controls deficiency. The moral value of case study is economics considerations over legal considerations prevalence by applying principle of correlating demands with resources, not upside-down. Romanian local public administration need develop good practices of public acquisition of delegated management contracts. It's about adequate evaluation frameworks combining in a competent and responsible manner quantitative and qualitative evaluations. Legal department should be more involved in monitoring law application. Also, personnel of internal controls system should be more involved.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2015-01-01 | Procedia Economics and Finance |