Risk factors’ importance and allocation in infrastructure Private Public Partnerships
() and Emil Numminen
Abstract: Private Public Partnership (PPP) has become a major way of
providing infrastructure investments. Key issues in the literature on PPP
are identification of critical risk factors and their allocation. In this
paper we contribute to this literature on these two issues by conducting a
systematic literature review study. Data was collected from peer-reviewed
journal papers in three major scientific databases from 2000 to 2015. The
findings revealed legal changes, operational revenue below expectation,
inadequate distribution of responsibilities, and organization and
coordination to be the most important risk factors regardless of sector.
Risk factors’ importance were found to be contingent on country regulatory
quality level, capturing the ability of a government to formulate and
implement sound economic policies and regulations. Most risks in PPPs are
reported to be shared or borne by the private sector, while fewer risks
than preferred are borne by the public sector.
Keywords: Private Public partnership; risk factors; risk allocation; country regulatory quality; Review.; (follow links to similar papers)
22 pages, October 26, 2017
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