Abstract: As one of the leading theories of western public governance, public value management theory has been widely concerned by scholars at home and abroad for more than 20 years. Mark Moore, Barry Boltzmann, and Gerry Stock are the representatives of foreign scholars, and Mark Moore is regarded as the representative of the creation of public value, Bozeman as the failure of public value, and Stock as the representative of the new approach to network governance of public value management. Foreign journals also set special discussion of public value, and promote the development of public value management theory. Domestic scholars understand the theory of public value management from the perspective of interpretation and analysis of public value theory, the perspective of government strategic management, the transformation of public administration paradigm, and network governance. Multi angle discussions make the concept clearer. In the performance management and the innovation of government functions, there are many scholars in the study. Through the research of the current situation of public value management theory, the author found the prospect of public value management research in China.

Key words: public value, creating public value, public value management