sensitivity and its determinants for the partnering private sector firms in China and India. We find that, PPP announcements … projects varies. In China, older, matured, better valued firms with high cash inflows engage in PPPs while in India, younger … reason for PPP investments in India compared to China. In the long run, PPP involvement reduces investment-cash flow …

sensitivity and its determinants for the partnering private sector firms in China and India. We find that, PPP announcements … projects varies. In China, older, matured, better valued and firms with high cash inflows engage in PPPs while in India … significant reason for PPP investments in India compared to China. In the long run, PPP involvement reduces investment-cash flow …