This paper presents a model to assess the efficiency of the capital structure in public-private partnerships (PPP). A main argument supporting the PPP approach for investment projects is the transfer of managerial skills and know-how from the private partner to the investment vehicle. The paper...

Relying both on TC and RBV, we argue that cooperation with public actors allows firms to access the key resources for designing and locating infrastructure facilities and, at the same time, to mitigate information costs and the risks of opportunistic behaviour. Our model has been tested through...

This paper presents a rationale for hybrid public-private capital structures in public utilities. The public sector can borrow money cheaper, while private investors can spawn life-cycle cost savings. When investment vehicles enable the internalization of the financial advantage of the public...

This study evaluates infrastructure investment and finance in Asia from a global perspective. It provides an overview on infrastructure needs and the various sources of private finance, globally and within Asia, and creates a "bigger picture" for the demand and supply of capital for...

This paper presents a case of public - private partnership in road provision in Uruguay. It is a concession where the concessionaire is publicly owned with a contract known as “present value of expenditure”. This scheme is a good solution in a country where people reject private ownership of...

We examine whether firms manipulate their reported earnings after winning investment project bids. China's adoption of the public-private partnership (PPP) provides a unique setting for our analysis. Using the PPP announcements to identify the firms participating in PPP projects, we find that...

Infrastructure deficit has been a long standing bottleneck for attaining sustainable and much higher economic growth to align Nepal among the advanced countries. Nepal has a challenge of making huge investment in infrastructure to increase the annual economic growth for graduation to the status...

Public-private partnerships (PPPs) involve the supply by the private sector of infrastructure and services deriving from infrastructure assets which have traditionally been supplied by the public sector. PPPs are spreading all over the world. It may be quite plausible that such arrangements were...

Infrastructure development is the key to sustainable growth in India. It makes India globally competitive, raises standard of living, enhances profits for government, bridges rural-urban divide and increases level of employment. The most significant criteria for a continued growth rate of an...