Identifying Project Factors That Affect an Investor’s Escalation of Commitment in Public-Private Partnership Projects

2019 ◽  
Vol 50 (6) ◽  
pp. 686-698
Author(s):  
Jiaqi Liu ◽  
Jicai Liu ◽  
Ruolan Gao ◽  
Huaizhu Oliver Gao ◽  
Yahui Li
Keyword(s):  
Factor Analysis ◽  
Economic Benefit ◽  
Public Private Partnership ◽  
Escalation Of Commitment ◽  
Private Partnership ◽  
Factors Affecting ◽  
Weight Analysis ◽  
Project Uncertainty ◽  
Degree Of Participation ◽  
Reward And Punishment

The study comprehensively discusses 18 project factors affecting investors’ escalation of commitment (EOC) in a public-private partnership (PPP) project. Using factor analysis, five factor groupings were addressed: the project information and economic benefit, the reward and punishment mechanisms, project uncertainty, the degree of participation and completeness, and the resources invested in the project. The results revealed that the influence of five grouping factors on investor’s EOC is not independent; after performing the weight analysis, the 18 factors had different influences on EOC. These findings offer effective suggestions and theoretical guidelines for reducing the risk of investor EOC.

scholarly journals Identifying Factors Affecting the Sustainability of Water Environment Treatment Public-Private Partnership Projects

2019 ◽  
Vol 2019 ◽  
pp. 1-15 ◽  
Author(s):  
Huimin Li ◽  
Qing Xia ◽  
Shiping Wen ◽  
Lunyan Wang ◽  
Lelin Lv
Keyword(s):  
Factor Analysis ◽  
Water Environment ◽  
Original Data ◽  
Indicator System ◽  
Public Private Partnership ◽  
Bottom Line ◽  
Private Partnership ◽  
Five Dimensions ◽  
Factors Affecting ◽  
Project Sustainability

Sustainability has recently been acknowledged as a crucial issue in infrastructure projects. Developing a model to evaluate project sustainability according to sustainability indicators plays a major role in promoting the sustainable development of water environment treatment public-private partnership (PPP) projects. Traditional sustainability assessments are mostly based on the triple bottom line (economic, social, and environmental) and lack a more integrated indicator system. To connect the research gap, this paper identifies 27 factors that affect the sustainability of water environment treatment PPP projects from five dimensions: economy, society, resources and environment, engineering, and project management using exploratory factor analysis. The fitting degree between the model and original data is verified by confirmatory factor analysis. The results showed that the fitting was successful. This paper makes two contributions: first, it provides a comprehensive sustainability evaluation indicator system from five aspects, laying a foundation for the evaluation of project sustainability. Second, this study defines a methodology to evaluate and rank factors, identifies the indicators that show the most significant impact on project sustainability in the five dimensions, which provide a reliable reference for the public and private sector to take appropriate measures to improve the sustainability level of water environment treatment public-private partnership projects.

scholarly journals The attractiveness of public-private partnership for road projects in India

2022 ◽  
Vol 7 (2) ◽  
pp. 111-120 ◽  
Author(s):  
Mohammed Shakil Malek ◽  
Laxmansinh Zala
Keyword(s):  
Development Stage ◽  
Public Private Partnership ◽  
Public And Private ◽  
Private Partnership ◽  
Factors Affecting ◽  
The Public ◽  
The Road ◽  
Road Projects ◽  
Net Benefits ◽  
Descriptive Statistical Analysis

The objective of this paper was to have a study on the perceptions of stakeholders of Public-Private Partnership (PPP) projects for factors affecting the attractiveness of road projects in India. A questionnaire survey was conducted among major PPP project participants of Indian PPP road projects. Fifteen attractive factors were shortlisted through a literature survey for designing the questionnaire. Collected data was analyzed with factor analysis and descriptive statistical analysis. The findings resulted in three components: effectiveness of the private sector, effective time and cost management, and the public sector’s economic benefit. Eight factors were identified as highly affecting the attractiveness of PPP in Indian road projects. PPP provides ample diversity of net benefits to both the public and private sectors. During the project development stage, both sectors have to formulate decisions based on appropriate assessment criteria. Therefore, the reflection of attractive factors will assist the public-sector to select PPP in the road sector. It also helps to establish the strategy for road projects using PPP.

Barriers to bond financing for public-private partnership infrastructure projects in emerging markets

2017 ◽  
Vol 22 (1) ◽  
pp. 2-19 ◽  
Author(s):  
Solomon Olusola Babatunde ◽  
Srinath Perera
Keyword(s):  
Factor Analysis ◽  
Emerging Markets ◽  
Empirical Studies ◽  
Principal Component ◽  
Public Private Partnership ◽  
Bond Markets ◽  
Infrastructure Projects ◽  
Chi Square ◽  
Private Partnership ◽  
Content Type

Purpose The purpose of this study is to identify and critically assess the barriers to bond financing for public–private partnership (PPP) infrastructure projects in Nigeria using an empirical quantitative analysis. Innovative ways to finance long-term infrastructure projects had been documented. However, there is a dearth of empirical studies on the barriers to bond financing for PPP infrastructure projects. Design/methodology/approach A comprehensive literature review was conducted to identify the barriers to bond financing for infrastructure projects, which were employed to design a questionnaire. A questionnaire survey was carried out which targeted financial experts in the Nigerian financial institutions/local banks. Data collected were analysed using descriptive and inferential statistics to include mean score, chi-square (χ2) test and factor analysis (principal component analysis). Findings The analysis of the ranking in terms of the mean score values for the 12 identified barriers indicated that all the identified barriers are considered by respondents as critical barriers to bond financing for PPP infrastructure projects in Nigeria. The study, through factor analysis, grouped the 12 identified barriers into 5 principal factors. These include governance and institutional capacity issues, higher issuance cost and risk, difficulties in getting approval for changes, the small size of bond markets and stringent disclosure requirements. Practical implications This research is significant by providing the empirical evidence of the barriers to bond financing for PPP infrastructure in emerging markets, especially in Nigeria. Originality/value The findings would enable the policymakers to draw some policy recommendations that will positively influence the development of bond markets in Nigeria and emerging markets at large. These study findings are crucial, as not many empirical studies have been conducted in Nigeria.

scholarly journals Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China

2019 ◽  
Vol 11 (23) ◽  
pp. 6831 ◽  
Author(s):  
Bo Zhang ◽  
Li Zhang ◽  
Jing Wu ◽  
Shouqing Wang
Keyword(s):  
Local Governments ◽  
Mainland China ◽  
Public Private Partnership ◽  
Urban China ◽  
Infrastructure Development ◽  
Sustainable Infrastructure ◽  
Private Partnership ◽  
Factors Affecting ◽  
Financial Pressure ◽  
Major Factors

Local governments around mainland China initiated over 14,000 public–private partnership (PPP) projects with a total investment of 18 billion RMB in recent years, but nearly half have been withdrawn since the end of 2017, which raised wide concerns about whether PPP can contribute to the sustainable infrastructure development in urban China. In this study, we empirically investigated major factors affecting local governments’ PPP adoption, especially factors that led local governments to initiate inappropriate PPP projects. Based on a unique panel dataset of 286 Chinese cities between 2014 and 2017, the empirical findings suggested that local governments’ financial pressure was the most important factor and cities with higher off-budgetary debts or lower budgetary deficits tended to initiate more PPP projects. PPP projects initiated under off-budgetary burdens were more likely to be inappropriate and subsequently withdrawn. Based on the empirical results, we provide policy suggestions to promote sustainable PPP developments in China.

scholarly journals Determining critical risk factors affecting public‐private partnership waste‐to‐energy incineration projects in China

2020 ◽  
Vol 8 (4) ◽  
pp. 1181-1193 ◽  
Author(s):  
Caiyun Cui ◽  
Chenjunyan Sun ◽  
Yong Liu ◽  
Xiaoyan Jiang ◽  
Qing Chen
Keyword(s):  
Risk Factors ◽  
Public Private Partnership ◽  
Waste To Energy ◽  
Private Partnership ◽  
Factors Affecting

scholarly journals Stakeholder perceptions on critical success factors for public-private partnership projects in Nigeria

2016 ◽  
Vol 6 (1) ◽  
pp. 74-91 ◽  
Author(s):  
Solomon Olusola Babatunde ◽  
Srinath Perera ◽  
Lei Zhou ◽  
Chika Udeaja
Keyword(s):  
Factor Analysis ◽  
Critical Success Factors ◽  
Success Factors ◽  
Public Private Partnership ◽  
Successful Implementation ◽  
Test Analysis ◽  
Private Partnership ◽  
Content Type ◽  
Critical Success ◽  
Significant Difference

Purpose – The purpose of this paper is to identify and assess the perceptions of stakeholders on critical success factors (CSFs) for Public Private Partnership (PPP) projects in Nigeria. Design/methodology/approach – A comprehensive literature review was conducted to identify the CSFs for PPP projects, which were employed to design a questionnaire survey. In order to capture a broad perception of stakeholders, the questionnaires were administered to five different stakeholder organisations involved in different PPP projects implementation in Nigeria. Data collected were analysed using descriptive statistics, mean score, Kruskal-Wallis test, analysis of variance (ANOVA), and factor analysis. Findings – The study revealed the result of mean score ranking, which indicated that all the stakeholders considered the identified 26 CSFs important and crucial for the successful implementation of PPP projects in Nigeria. Thus, the results of Kruskal-Wallis test and ANOVA indicated that except for six (out of 26) identified CSFs, there is no statistically significant difference in the perceptions of the stakeholders on CSFs for PPP projects in Nigeria. The study, through factor analysis, grouped the 26 identified CSFs into six principal factors. Practical implications – This research would be of benefit to stakeholders in PPPs to be aware of CSFs that demand utmost consideration. Also the identified CSFs are expected to enhance the success rate of PPP projects. Originality/value – The findings would be useful for PPP stakeholders in making decisions and in implementing PPP projects towards achieving value for money. This research will also be of interest to other academic researchers intending to investigate CSFs for PPP projects in other locations.

scholarly journals Developing an AHP Risk Assessment Model for PPP Projects in Jordan

2021 ◽  
Author(s):  
Maram Almuhisen ◽  
◽  
Hüseyin Gökçekuş ◽  
Tahir Çelik ◽  
◽  
...  
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Success Factors ◽  
Quantitative Model ◽  
Public Private Partnership ◽  
Assessment Model ◽  
Study Phase ◽  
Private Partnership ◽  
Factors Affecting ◽  
Goods And Services

For the Jordanian government, meeting the growing demand for goods and services on its own is very difficult, leading to the increased dependence on other sectors of society. This research is aimed at understanding the critical success factors of local public-private partnership projects, identifying the most vital risk factors affecting projects, and establishing a quantitative model for risk assessment. The model can assist public-private partnership contributors by transforming the basic risk assessment principles into a more facilitated and systematic arithmetical based approach. The results showed that the risk factors with the highest ranks (respectively) are transfer phase, organizational risks, financing phase, project management risks, and feasibility study phase. The research is ultimately aimed at developing a framework for the risk evaluation of public-private partnerships within the construction industry in Jordan.

Entrepreneurs ' perspective on public-private partnership in health care and social services

2016 ◽  
Vol 30 (1) ◽  
pp. 174-191 ◽  
Author(s):  
Janne Sinisammal ◽  
Pekka Leviäkangas ◽  
Tommi Autio ◽  
Elina Hyrkäs
Keyword(s):  
Health Care ◽  
Social Services ◽  
Care Service ◽  
Health Care Service ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Content Type ◽  
Factors Affecting ◽  
The Social ◽  
Private Entrepreneurs

Purpose – The purpose of this paper is to probe experiences of entrepreneurs in the social and health care service provision. Design/methodology/approach – Information was collected regarding entrepreneurs’ views on the factors affecting the collaboration between public and private sectors. A sample of social and health care entrepreneurs was interviewed using open-ended questions. The interviews were transcribed and analysed using inductive content analysis. Findings – Three main categories of factors affecting the success of partnership were identified: the nature of partnership, business aspects and tension builders. Research limitations/implications – The research was undertaken in rural Finland and the sample consisted 13 entrepreneurs. The results must be considered as observations with more generalised conclusions. Practical implications – The results of this study support municipalities in their social and health care service strategy work and especially in consideration of how to also facilitate a fruitful public-private partnership (PPP)-framework, which will largely depend on mutual understanding and consensus. Originality/value – The reform of the social and health care system has raised intensive public debate throughout Europe. Key issues include the reorganising of social and health care processes as well as PPPs in provision of services. This study observes the views and experiences of private entrepreneurs and points out where some potential problems and solutions of social and health care PPPs are.

Sign in / Sign up

Export Citation Format

Share Document