Public-Private Collaboration and Success Factors in Public Innovations
We recently collaborated with Accenture Research to carry out a comparative study of 24 public innovation initiatives in Brazil, India, and South Africa. While we found a complex web of alliances with for-profit and not-for-profit private actors, our findings indicate that the success of thoese iniatives requires strong public capabilities to lead and operationally manage those projects. In other words, higher private engagement cannot be seen as a way to supplant inneficient governments; it requires concurrent development of public capabilities to jointly lead and co-manage those projects. Check Accenture's report
and our research article
discussing the main findings of this study.
Insper Metricis: Supporting the Emerging Field of Impact Investing
is an initiative to support the measurement of socio-environmental impact in the emerging field of impact investing. We have also developed guidelines
to help investors and entrepreneurs develop robust measurment plans. In addition, we wrote a research paper
describing alternative busineess models through which impact investors try to balance financial and social performance.
Leviathan in Business: The Varieties and Implications of State Capitalism
Despite the wave of privatization and liberalization of the 1990s in several countries, evidence indicates that governments remain involved in myriad industries and activities not only as majority investors through state-owned enterprises, but also as minority investors through various channels such as development banks, pension funds, sovereign wealth funds, and many others. In a joint research project with Aldo Musacchio (Harvard Business School), we present evidence on those various forms of "state capitalism" and then discuss implications for the performance of countries and firms. We just published a book on this topic called Reinventing State Capitalism: Leviathan in Business, Brazil and Beyond
(Harvard University Press, 2014).
You can read the introductory chapter of the book here
and follow our updates in our Facebook page
. Please also see the article in the Schumpeter column of The Economist
about our book. A previous study was also cited in a special issue of The Economist
on state capitalism; the paper mentioned in the article was recently published in Academy of Management Journal