FINANCIAL DYNAMICS OF PUBLIC-PRIVATE PARTNERSHIPS IN THE DESIGN OF WELFARE SYSTEM

The primary aim of this research is to offer an overview of the reflections gained from the economic literature on business ethics issues (Freeman, 1994; Phillips, Perrini, 2001; Freeman and Wicks 2003), on corporate social responsibility (Ricci , 2004, 2007; Gallino, 2005; Helen, Rusconi, Heros, 2010) and on ethical probity in a narrow managerialist focus (Onida, 1964; Masini, 1979; Kettle, 1993; Moe, 1994; Borgonovi, 1994; Wilson, 1994; Frederickson, 1996; Peters and Savoie, 1996) underlining the role and evolutionary dynamics of public private partnership in the design of social benefits (social card, social housing, social income, social bonds). The present research is based on inductive/deductive method that implies a in-depth study of the relevant literature concerning the application of different models of corporate social responsibility of public and private partnership (PPP) (Amatucci, 2006) and allows an empirical analysis with regard to planning implementation and welfare systems (Musella, 1998; 2006) in the social policies (Fiorentini, 2006) of Public Administrations in order to improve efficiency measures, social accountability (Ricci, 2007), transparency and ethic culture. Through a case study (social housing, social card, social income) and an adequate dataset, the work aims to point the critical area of the current government system out and it proposes a fair way to implement a participative corporate social responsibility model. Generally we noticed a loss of government capability and a lack of control by public institutions, with a resulting weakening of administrative structures and responsibilities. This entails in turn a progressive worsening of the image and legitimacy of institutions, and at the same time a credibility gap regarding wealth control and wealth redistribution activities in welfare system (Esposito)