Browse > Article
http://dx.doi.org/10.5394/KINPR.2009.33.10.743

The Governance and Agent Problems of Public Agency: Focused on the Port Authority of New York and New Jersey  

Kang, Yun-Ho (Korea Maritime University)
Abstract
This paper tries to analyze how the governance institutions of the Port Authority of New York and New Jersey overcome agent problems in public agencies based on the Principal-Agent Theory, and find the implications that will be helpful to the governance of port authorities in Korea. The Port Authority's governance is characterized by decentralization of personnel rights, open meetings policy, freedom of information policy, public hearings, and fiscally self-supporting system. Those characteristics are helpful in overcoming the agent problems of public agency, such as adverse selection, moral hazard, and complicated external structure, through reinforcing of monitoring agent by principal, easing of information asymmetry between principal and agent, and clarification of organizational ownership structure. Those characteristics may give many implications for the design of governance structures of port authorities in Korea.
Keywords
Port Authority; Agent Problems; Governance;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
연도 인용수 순위
1 감사원법(개정 2009.1.30, 법률 제9399호)
2 국제신문(2009. 10. 17), BPA 3기 항만위원 누가될까 촉각
3 부산항만공사정관(개정 2006.4.24)
4 유동운 (1999),"신제도주의 경제학". 선학사
5 이종수, 윤영진 (2008),"새행정학", 서울: 대영문화사
6 Arrow, Kenneth. (1970), Essays in the Theory of RiskBearing. NY: Markham
7 By-Laws of The Port Authority of New York and NewJersey(2008)
8 By-Laws of Port Authority Trans-Hudson Corporation(2007)
9 Mitchell, Jerry. ed. (1992), Public Authorities and PublicPolicy. Westport, CT: Greenwood
10 Perry, J. L. and Rainey, H. G. (1988), "The Public PrivateDistinction in Organization Theory: A Critique andResearch Strategy". Academy of Management Review, 13
11 The New York Times, May 3, 2008
12 "뉴욕뉴저지항만공사(2009), 뉴욕뉴저지 항만공사의 탄생배경, http://www.panynj.gov."
13 김재훈 (1996), "지방공기업 관리체계의 효율화: 정부투자기관과의 비교를 중심으로". "한국지방재정학회 연말학술대회논문집"
14 이상철 (2000),"공기업의 이해", 서울: 대영문화사
15 강윤호 (2009), 미국 항만 거버넌스 제도의 형성과 변화:뉴욕뉴저지 항만지구를 둘러싼 뉴욕과 뉴저지간 갈등과협력, "지방정부연구", 12(4).
16 Smith, R. G. (1964), Public Authorities, Special Districtsand Local Governments. National Association of Counties
17 김석준, 이선우, 문병기, 곽진영 (2000),"뉴 거버넌스 연구". 서울: 대영문화사
18 Boes, D. and Peters, Wolfgang. (1991), "A Principal-Agent Approach on Manager Effort and Control inPrivatized and Public Firms". Privatization andEconomic Efficiency, Edward Elgar
19 Doig, Jameson W. (2001), Empire on the Hudson. NewYork: Columbia University Press
20 The Port Authority of NY & NJ. (2007), Annual Report 2007
21 곽채기 (1994), "정부-기업관계의 새로운 제도형성과정으로서의 공기업 민영화에 관한 연구". 박사학위논문, 서울대학교 대학원
22 정용덕 (2002),"거버넌스 제도의 합리적 선택", 서울: 대영문화사
23 문성혁 (2003),(현대항만관리론). 다솜출판사
24 The Port Authority of NY & NJ. (2008), 2009 Budget
25 강윤호 (2006), 항만공사(PA)제도 도입에 따른 항만 거버넌스 구조의 효율화 방안. "한국행정학보". 40(1)
26 공공기관의 운영에 관한 법률(개정 2009.1.30, 법률 제9345호)
27 항만공사법 시행령(개정 2880.12.31, 대통령령 제21231호).
28 By-Laws of Newark Legal and Communications Center Urban Renewal Corporation(2007)
29 Holmstrom, B. (1979), "Moral Hazard and Observability".Bell Journal of Economics. 10
30 Walsh, A. H. (1978), The Public's Business: ThePolicies and Practices of Government Corporations.Cambridge: MIT Press
31 Knott, J. H. (1993), "Comparing Public and PrivateManagement: Cooperative Effect and Principal-AgentRelationships". Journal of Public Administration Research and Theory. Jan
32 North, D. C. (1990), Institutions, Institutional Changeand Economic Performance. Cambridge University Press
33 공공기관의 운영에 관한 법률 시행령(개정 2008.7.29, 대통령령 제20947호)
34 Williamson, O. E. (1985), The Economic Institutions ofCapitalism. New York: The Free Express
35 하연섭 (2003),"제도분석: 이론과 쟁점". 다산출판사
36 항만공사법(개정 2008.3.21, 법률 제8976호)
37 하명신 (2003),"항만물류론. 다솜출판사
38 "뉴욕뉴저지항만공사(2009), 뉴욕뉴저지항만공사의관리 시설과 서비스, http://www.panynj.gov/AboutthePortAuthority/FacilitiesandServices."
39 Mysak, Joe. (1997), Perpetual Motion. Los Angeles:General Publishing Group
40 권순만, 김난도 (1995), 행정의 조직경제학적 접근: 대리인이론의 행정학적 함의를 중심으로."한국행정학보", 29(1)
41 Pauly, M. (1974), "Overinsurance and Public Provisionand Insurance: The Role of Moral Hazard and AdverseSelection". Quarterly Journal of Economics. 88(1)
42 부산일보(2009. 6. 15), 위원장까지 정부 임명, 항만위 왜있나
43 공공기관의 회계감사 및 결산감사에 관한 규칙(제정2007.11.12, 감사원규칙 제180호)
44 윤성식 (2005),"공기업론". 서울: 박영사
45 전상경 (2007),"현대지방재정론". 서울: 박영사
46 류동근, 허윤수 (2007),(세계의 선진항만). 한국해양대국제해양문제연구소
47 By-Laws of the New York and New Jersey RailroadCorporation(2007)
48 Ostrom, E. (2005), Understanding Institutional Diversity.Princeton University Press