When Does A Public Private Partnership Ppp Lead To Inefficient Cost Management PDF Download
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| Author | : Sounman Hong |
| Publisher | : |
| Total Pages | : 26 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download When Does a Public-Private Partnership (PPP) Lead to Inefficient Cost Management? Book in PDF, ePub and Kindle
We examine whether a public-private partnership (PPP) improved the operational cost efficiency of Korea's urban rail system. Results suggest that private participation did not reduce service operation costs. We explain how the absent cost advantage may be connected to the two characteristics defining a typical PPP: activity bundling and public-private risk sharing. We argue that if negative externalities exist between the project company and shareholders, public-private risk sharing may weaken the concessionaire's cost management incentives.
| Author | : Manal Fouad |
| Publisher | : International Monetary Fund |
| Total Pages | : 61 |
| Release | : 2021-05-10 |
| Genre | : Business & Economics |
| ISBN | : 1513576569 |
Download Mastering the Risky Business of Public-Private Partnerships in Infrastructure Book in PDF, ePub and Kindle
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
| Author | : Graeme A. Hodge |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 304 |
| Release | : 2019 |
| Genre | : BUSINESS & ECONOMICS |
| ISBN | : 1784716693 |
Download The Logic of Public–Private Partnerships Book in PDF, ePub and Kindle
This book examines Public–Private Partnerships (PPP), and tracks the movement from early technical optimism to the reality of PPP as a phenomenon in the political economy. Today's economic turbulence sees many PPP assumptions changed: what contracts can achieve, who bears the real risks, where governments get advice and who invests. As the gap between infrastructure needs and available financing widens, governments and businesses both must seek new ways to make contemporary PPP approaches work.
| Author | : Mohammad Heydari |
| Publisher | : Routledge |
| Total Pages | : 286 |
| Release | : 2020-12-29 |
| Genre | : Business & Economics |
| ISBN | : 1000326578 |
Download Risk Management in Public-Private Partnerships Book in PDF, ePub and Kindle
Public-Private Partnership (PPP) is a channel through which the public sector can seek alternative funding and expertise from the private sector to procure public infrastructure. Governments around the world are increasingly turning to Public-Private Partnerships to deliver essential goods and services. Unfortunately, PPPs, like any other public procurement, can be at risk of corruption. This book begins by looking at the basics of PPP and the challenges of the PPP process. It then conceptualizes the vulnerability of various stages of Public-Private Partnership models and corruption risk against the backdrop of contract theory, principal-agent theory and transaction cost economics. The book also discusses potential control mechanisms. The book also stresses the importance of good governance for PPP. It outlines principles and procedures of project risk management (PRM) developed by a working party of the Association of Project Managers. Finally, the book concludes by proposing strategies and solutions to overcome the limitations and challenges of the current approach toward PPP.
| Author | : Stefan Verweij |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 257 |
| Release | : 2022-11-15 |
| Genre | : Political Science |
| ISBN | : 1800889208 |
Download Assessing the Performance Advantage of Public-Private Partnerships Book in PDF, ePub and Kindle
This timely book questions the premise that Public-Private Partnerships (PPPs) have a performance advantage over traditionally procured projects, an assumption that motivates policymakers worldwide to enter into such contracts. Taking stock of novel research comparing the differences in performance between PPP and traditionally procured infrastructure projects and services, the chapters in this book thoughtfully scrutinise this supposed advantage.
| Author | : Geert Dewulf |
| Publisher | : Wiley-Blackwell |
| Total Pages | : 186 |
| Release | : 2012-04-09 |
| Genre | : Technology & Engineering |
| ISBN | : 9780470656358 |
Download Strategic Issues in Public-Private Partnerships Book in PDF, ePub and Kindle
Managing PPP projects is not a routine job, as every PPP project is different and should be managed accordingly. These projects require considerable capability and skills from both public sector and private sector managers involved, Strategic Issues in Public Private Partnerships, Second Edition, delivers the insight and tools necessary to assist those managers. As Public private partnership (PPP) arrangements become an increasingly popular way for national governments to fund and develop public infrastructure and urban areas with private sector contributions, a better understanding of the risks involved is crucial. The second edition of Strategic Issues in Public Private Partnerships : Provides an international overview of the application of concessions - the most common form of PPP [eg PFI (Private Finance Initiative); BO(O)T (Build/Own/Operate/Transfer) or DBFMO (Design/Build/Finance/ Maintain/Operate)]. Focusses on the introduction of concessions and the problems encountered, the solutions found for these problems, and the different approaches to concessions chosen across different countries. Provides a strategic overview for those involved in setting up and managing PPP projects. Illustrates lessons from different national backgrounds and gives managers the insight and tools to manage PPP projects effectively. Essential reading for Contractors & funding organizations involved in PPP projects as well as Researchers in construction management and public administration.
| Author | : Graeme A. Hodge |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 656 |
| Release | : 2010-11-30 |
| Genre | : Business & Economics |
| ISBN | : 1849804699 |
Download International Handbook on Public-Private Partnership Book in PDF, ePub and Kindle
Public Private Partnerships (PPPs) promise much and present an exciting policy option. Yet as this Handbook reveals there is still much debate about the meaning of partnership, and the degree to which potential advantages are in fact being delivered. In this timely Handbook, leading scholars from around the world explore the challenges presented by infrastructure PPPs, and contemplate what lies ahead as governments balance the need to provide innovative new infrastructure against the requirement for good public governance. This Handbook builds on a range of exciting theoretical lenses that span several disciplinary boundaries. It presents innovative insights and informed perspectives from an international base of empirical evidence. This essential Handbook will prove an invaluable reference work for academics, advanced post-graduate students and commentators of PPPs, as well as professionals, infrastructure regulators and government policy advisors.
| Author | : Lewis, Mervyn K. |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 160 |
| Release | : 2021-08-27 |
| Genre | : Business & Economics |
| ISBN | : 1789906407 |
Download Rethinking Public Private Partnerships Book in PDF, ePub and Kindle
Public private partnerships (PPPs) have been a controversial approach to procuring public infrastructure services. Against a background of recent trenchant criticism of PPPs, Mervyn K. Lewis, a leading scholar in the area, re-examines their utility. He questions what PPPs can and cannot do, why governments choose this route and whether PPPs can ever be good value for money.
| Author | : H. K. Yong |
| Publisher | : Commonwealth Secretariat |
| Total Pages | : 228 |
| Release | : 2010 |
| Genre | : Business & Economics |
| ISBN | : 9781849290203 |
Download Public-private Partnerships Policy and Practice Book in PDF, ePub and Kindle
Public-Private Partnerships Policy and Practice is a comprehensive reference guide on PPP theory and practice for senior policy-makers and other public sector officials in developing countries. The guide focuses on the key lessons learned - and emerging best practice - from successful and failed PPP transactions over the past thirty years. The guide avoids jargon and explains relevant concepts in non-specialist language. Key points are summarised at the beginning of each section and provide an overall high-level outline. References are provided throughout and at the end of each section to allow the reader to access further information on specific issues.
| Author | : |
| Publisher | : |
| Total Pages | : 300 |
| Release | : 2003 |
| Genre | : Computer network resources |
| ISBN | : |
Download The World Bank Research Observer Book in PDF, ePub and Kindle
