We investigate the relation between seasoned equity issuers' stated intended use of proceeds and their subsequent long-run stock and operating performance. Stated intended uses of proceeds are: investment, recapitalization, and general corporate purposes. We find that issuers stating...

A contract establishes a mutual relationship between an authority and an operator. From the point of view of the authority, it is a tactical level mechanism to achieve the strategic objectives of government. Management of contractors translate the requirements of contracts into operational...

Adelaide's bus system has been transformed from a government monopoly operation to a competitively tendered system with services provided by private operators under contract. The [`]Adelaide model' has unique features, and has been considered in several international reviews of urban bus service...

This chapter presents a summary of the findings of the workshop on [`]Analytical and Institutional Methods and Frameworks'. The paper discusses the nature of the analytical methods used in the papers presented and the purposes for which they were employed, which were generally to either assist...

A key attribute of competitive tendering for the periodic selection of operators of subsidised public transport services is to secure the provision of specified services at efficient cost levels. This has proved particularly effective where services were previously provided by an inefficient...

Various models for competition and ownership of urban rail systems have been used in South East Asia cities since the early 1990s. The paper reviews and classifies the approaches used in Bangkok, Kuala Lumpur, Manila and Singapore. The planning, financing, procurement, implementation and...

The separation of purchaser and provider requires identification of the respective roles and responsibilities of the two parties. In the spirit of previous Thredbo conferences, we saw it as clear government should be responsible for strategy and operators for operations. That left, as always,...