The Impact of Public Governance, Financial Management, and Market Competitiveness on Public Institution Value in Developing Economies

Abstract

The impact of good public governance, efficient financial management, and strong market competitiveness on the value of public institutions in developing countries are the main focuses of this study. Developing countries often face challenges in creating transparent and efficient systems of government, while competitive markets play an important role in improving the competitiveness of public institutions. Using a mixed methods approach, this study combines quantitative and qualitative analysis to obtain a deeper understanding of the interaction between the three factors. In the quantitative approach, multivariate regression analysis is used to measure the simultaneous influence of these factors on the value of public institutions, while the qualitative approach in the form of case studies and in-depth interviews with government officials and public sector analysts is used to explore the underlying mechanisms of the quantitative findings. The results of the analysis show that efficient governance, transparent financial management, and high market competitiveness have a significant effect on increasing the value of public institutions in developing countries. These findings make an important contribution to public policy-making, emphasizing the need for a holistic approach to improving the performance and competitiveness of public institutions through more integrated policy reforms.