scholarly journals A SWARA-COPRAS APPROACH TO THE ALLOCATION OF RISK IN WATER AND SEWERAGE PUBLIC–PRIVATE PARTNERSHIP PROJECTS IN MALAYSIA

2019 ◽  
Vol 23 (4) ◽  
pp. 269-283 ◽  
Author(s):  
Alireza Valipour ◽  
Nordin Yahaya ◽  
Norhazilan MD Noor ◽  
Iman Valipour ◽  
Jolanta Tamošaitienė
Keyword(s):  
Private Sector ◽  
Water Supply ◽  
Public Funding ◽  
Risk Allocation ◽  
Political Strategy ◽  
The Public ◽  
The Government ◽  
Public And Private Sector ◽  
Private Investors ◽  
The Impact

In a situation of growing water demand, inadequate public funding, poor asset condition and lack of maintenance in developing countries, public-private partnerships (PPPs) play an important role in the development of infrastructure, such as water supply and sewerage services. The purpose of this study is to develop a quantitative approach to appropriate risk allocation, with attention directed to the impact of positive and negative factors in water and sewerage projects. The paper presents a hybrid SWARA-COPRAS approach to examine risk allocation, particularly for PPP water supply and sewerage projects in the context of Malaysia. In addition to PPP infrastructure projects, the approach has the potential to be adapted to other applications. The proposed method enables decision makers to utilise qualitative linguistic terms in the allocation of risk between the public and private sector, and to select the best strategy for risk allocation in a contract. Finally, 24 significant risks were identified: six risks would preferably be allocated to the public sector, while seven risks would be assigned to the private sector, and eleven risks would preferably be shared by both parties. The finding from this study can help the government of Malaysia to determine an attractive political strategy for private investors to support a PPP water and sewerage infrastructure project.

scholarly journals The Impact of Privatization of IDBI Bank in Indian Economy

2020 ◽  
Vol 3 (12) ◽  
pp. 59-63
Author(s):  
Vishal Kumar ◽  
Soumak Ganguly ◽  
Payal Ghosh ◽  
Manisha Pal
Keyword(s):  
Private Sector ◽  
Banking Sector ◽  
Financial Statement ◽  
Government Control ◽  
Public And Private ◽  
The Public ◽  
The Government ◽  
Public And Private Sector ◽  
The Impact ◽  
Share Value

Privatization refers to the public shares and Assets which are sold to the private sector in the economy. It decreases the power of government control and creates the other policies method. Privatization leads to cutting short the capital and revenue expenditure, which leads to an increase in share value in the market. During the pre-privatization period, the government used to pay less amounts of dividends to its shareholders due to its complex cost structure. Privatization leads to cutting short the capital and revenue expenditure, which leads to an increase in share value in the market. It also gave information about Public and Private sector banks. Our objective is to compare the pre and post-privatization performance like other banks of developing countries shows that privatization resulted in significant gains in profitability and efficiency. To evaluate the impact of privatization in the Indian banking sector and the relationship between privatization and Indian Economic growth by using a case study of IDBI bank condition of Indian private sector banks is analyzed using the financial statement of IDBI Bank with the help of different research methodologies.

The involvement of the public and private sector - elements with influence on travel & tourism demand during the crisis period

2011 ◽  
Vol 17 (2) ◽  
pp. 217-230
Author(s):  
Alina Elena Balalia (Iosif) ◽  
Raluca Mariana Petrescu
Keyword(s):  
Private Sector ◽  
Economic Crisis ◽  
Capital Investment ◽  
Positive Influence ◽  
Econometric Analysis ◽  
The European Union ◽  
Public And Private ◽  
The Public ◽  
Public And Private Sector ◽  
The Impact

In the context of the economic crisis, the consumers´ behavior registered changes, so tourists have become highly price sensitive and tending to economize on the duration of their holidays. Starting with the changes generated by the economic crisis, the need to achieve a new economic level is felt both in the public sector through the development and consolidation of new public policies and also in the private sector through the involvement into solid plans, with adapted initiatives. The purpose of this paper is to capture the impact of the public and private sectors involvement on the Travel& Tourism (T& T) demand during the current economic crisis, the period 2008-2010. As design, the content is divided into three main parts, as follows: the perspectives of public and private sector on T& T industry, the impact of the economic crisis on T& T, and the econometric analysis which is concentrated on the connection between the T& T demand and some potential variables with impact on it. The methodology refers mainly to the econometric analysis, constructed in concordance with the findings of the paper. In order to test the link between the variables, the author uses the macroeconomic approach, by including into analysis the European Union member countries. Regarding originality, the paper reveals the positive influence, as real growth, of the T& T Direct Industry in GDP and the capital investment in T& T on the T& T demand.

scholarly journals Public Private Partnerships and possibilities of their using in the field of Ministry of Agriculture 

2012 ◽  
Vol 52 (No. 9) ◽  
pp. 397-400
Author(s):  
R. Jurčík
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Water Supply ◽  
Public Procurement ◽  
Legal Framework ◽  
Public Private Partnerships ◽  
Public And Private ◽  
The Public ◽  
Public And Private Sector ◽  
Private Venture

Public-Private Partnerships (PPPs) are based on co-operation between the public and private sector. The reason for using it is a lack of public financial sources. For this reason, in most PPPs the management and financing of the project is entrusted to the private sector. In the Czech Republic, the widest development area for PPPs in the scope of the Ministry of Agriculture is probably water supply. The further areas for using of PPPs in the scope of this Ministry are the following: forestry, flood protection, adjustment of water flow, security of water sources, builging of the strategic foodstuff store. Important attempts have been made within the last year to increase the implementation of PPPs in water supply. These attempts are based on operation models similar to the BOT (Build Operate Transfer) and the DBFO (Design Build Finance Operate). In addition, the Czech Parliament adopted a law No. 139/2006 Coll., on concessions procedure and concession treaty which entered into force in July, 1<sup>st</sup>, 2006 and which brings the legal framework for realisation of the PPPs. There are some legal barriers which limited wide using of the PPPs. It is in the case of public-private venture companies (the limitation is&nbsp; in public procurement law). Public-private venture companies &ndash; which refer to the situation where both the private and the public sector holds equity, and, consequently, the company is controlled by the private as well as the public sector &ndash; should be the ideal form of PPPs in the areas which are in the scope of the Ministry of Agriculture.&nbsp;

An evaluation of the impact of risk cost on risk allocation in public private partnership projects

2019 ◽  
Vol 26 (8) ◽  
pp. 1696-1711
Author(s):  
Khalid Almarri ◽  
Saleh Alzahrani ◽  
Halim Boussabaine
Keyword(s):  
Private Sector ◽  
Design Methodology ◽  
Risk Allocation ◽  
Risk Matrix ◽  
Content Type ◽  
The Public ◽  
Unique Aspect ◽  
Risk Cost ◽  
The Impact ◽  
Practical Implications

Purpose A unique aspect of PPP is the opportunity for the transfer of risk ownership to the private sector. The purpose of this paper is to investigate how risk cost influences risk allocation. Design/methodology/approach A questionnaire survey was used to collect data. The questionnaire included nine sub-categories of risks. To quantify the influence of risk cost on risk allocation, a dependency risk matrix was employed. Heat maps techniques were used to visualise the results of the survey. Findings The findings show which risks within the endogenous or exogenous groups are to be allocated to the public sector, the private sector, or to be shared. The finding from this research provides a baseline for the PPP stakeholders in developing guidelines for estimating the value of risk costs in the risks register as well as serving as a mechanism for risk allocation. Research limitations/implications The context of the study may limit the generalisability of the results. Practical implications The study provides practical guidance to PPP stakeholders on risk allocation appetite. Originality/value This study extends the processes and methods by which PPP project’s risk is allocated to create a better value for all the stakeholders.

Does Granting the Jordanian Government Exceptional Authorities in its Contracts Achieve the Economic Growth and Public Interest?

2020 ◽  
Vol 11 (2) ◽  
pp. 279
Author(s):  
Farouq Saber AL-SHIBLI
Keyword(s):  
Private Sector ◽  
Public Interest ◽  
Public Funding ◽  
Critical Evaluation ◽  
Legal Research ◽  
Administrative Contract ◽  
The Public ◽  
Public Projects ◽  
The People ◽  
The Government

Inadequate public funding and budgetary constraints are among the major problems that limit many governments’ abilities to finance infrastructure projects and offer services to the public. Recently many countries are seeking the involvement of their private sector through an agreement known as (administrative contract) to provide the public projects fund. The concept of administrative contracts is based on granting the government exceptional authorities that makes it the more powerful party in the contract and therefore capable of forcing contractors to carry out the public projects efficiently. Nevertheless, the private sector companies are not always willing to engage in a contract with the government, as there is a belief that the administration may misuse its exceptional privileges. The main objective of this paper is to examine methods available to guarantee the implementation of administrative contracts in a manner that achieves the best delivery of public services to the people from one hand, and to help the private sector to establish contracts with the government and provide them some guarantees for their investments from another hand. Accordingly, this article is based on the analytical legal research methodology to make a critical evaluation of the main obstacles facing administrative contracts in Jordan, and provide recommendations that may help avoiding the current prevailing issues.

Constraints in implementing Public Private Partnership (PPP) in Malaysia

2014 ◽  
Vol 4 (3) ◽  
pp. 238-250 ◽  
Author(s):  
Suhaiza Ismail ◽  
Fatimah Azzahra Haris
Keyword(s):  
Private Sector ◽  
Evaluation Criteria ◽  
Public Private Partnership ◽  
Political Debate ◽  
Public And Private ◽  
Private Partnership ◽  
Content Type ◽  
The Public ◽  
The Government ◽  
Public And Private Sector

Purpose – The purpose of this paper is to study two objectives. First, it intends to scrutinize the challenges in implementing Public Private Partnership (PPP) by examining the factors that hinder the successful adoption of PPP in Malaysia. Second, it aims to investigate the differences in the perceptions of the government and the private sector pertaining to the hindrance factors. Design/methodology/approach – A questionnaire survey was used to elicit the perceptions of the public and private sectors concerning the constraints of PPP implementation in Malaysia. A total of 122 usable responses were obtained, which were analysed using Statistical Package for Social Sciences software. The mean score and mean score ranking were used to examine the importance of the hindrance factors based on the overall responses as well as on the respective responses of the public and the private sectors. An independent sample t-test was used to examine the differences in the perceptions between the two sectors. Findings – The overall results show that “lengthy delays in negotiation”, “lack of government guidelines and procedures on PPP”, “higher charge to direct users”, “lengthy delays because of political debate” and “confusion over government objectives and evaluation criteria” are the top five constraints for adopting PPP in Malaysia. In terms of the differences in the perceptions between the public and private sector groups, the statistical test results indicate that there are only significant differences in the perceptions for two hindrance factors. Originality/value – The paper contributes to the existing literature on PPP, which is currently limited, by focusing on the challenges of implementing PPP in a developing country (i.e. Malaysia). More importantly, this paper provides evidence concerning the differences in the opinion of two key players (i.e. the government and the private sector) on the PPP hindrance factors.

scholarly journals Green Finance: Fostering Sustainable Development in India

2019 ◽  
Vol 8 (4) ◽  
pp. 3798-3801
Keyword(s):  
Sustainable Development ◽  
Private Sector ◽  
Green Infrastructure ◽  
Environmental Benefits ◽  
Public And Private ◽  
Financial Flows ◽  
The Public ◽  
Green Finance ◽  
The Government ◽  
Public And Private Sector

Green finance plays a pivotal role in achieving inclusive, resilient and cleaner economic growth by creating environmental benefits. It helps in increasing the flow of finance from the public, private and nonprofit sectors to sustainable development priorities. Recognising the significance of green finance, UN Environment has been working in the alignment of the financial system of the countries to channelize the financial flows for attaining 2030 sustainable development goals. To build economic development in a sustainable manner, India also needs a national green finance strategy. It requires green infrastructure funding of about $4.5 trillion by 2040. The contribution made by both public and private sector organisations/banks will play a crucial role in green financing. The present study therefore mainly explores the various green financing initiatives taken by the public and private sector organisations/banks in India. The study showcases the various challenges in the area of green financing in India and also recommends measures to face those challenges. The study is descriptive in nature and is based on secondary data taken from various government reports published by the Government of India and other published reports of public and private sector organisations and banks in India.

scholarly journals Investigating the significance of risks in BOT transportation projects in Vietnam

2020 ◽  
Vol 27 (6) ◽  
pp. 1401-1425
Author(s):  
Phuong Thi Le ◽  
Nicholas Chileshe ◽  
Konstantinos Kirytopoulos ◽  
Raufdeen Rameezdeen
Keyword(s):  
Risk Management ◽  
Private Sector ◽  
Cash Flow ◽  
Public And Private ◽  
Content Type ◽  
The Public ◽  
Probability Of Occurrence ◽  
Transportation Projects ◽  
Public And Private Sector ◽  
The Impact

PurposeThe Built Operate Transfer (BOT) model has been increasingly used in transportation investments in Vietnam. However, there is still an inadequacy of risk management applications in these projects and lack of research in this area. The study aims to improve the success of projects implemented through the BOT model in Vietnam.Design/methodology/approachThe study followed a sequential design including interviews and a questionnaire survey to investigate the perception of stakeholders from public and private sector regarding the probability of occurrence and the severity of impact of risks in BOT transportation projects in Vietnam. Quantitative data from the survey was subjected to descriptive and inferential statistics to explore the priority of risks as well as the differences in the perception between the public and private sectors.FindingsThe results showed that the top five most significant risks in BOT transportation projects in Vietnam are: (1) problems with land acquisition and compensation, (2) inappropriate location of toll booths, (3) public resistance to pay, (4) high toll rate and (5) lack of cash flow. With the exception of “lack of cash flow,” there were no statistically significant differences in the rankings of individual risks between the public and private sector. In addition, there is a significant positive correlation in the overall rankings of all risks for both sectors.Originality/valueThis study contributes to the body of knowledge by exploring the probability of occurrence and the severity of the impact of risks in BOT transportation projects in a developing country like Vietnam which has not been extensively explored yet. Second, it provides an insight into the perception of stakeholders from the public and private sector regarding the level of risks which is very useful for potential stakeholders in making decisions when they intend to participate in such partnerships. Third, it enables the Vietnamese government to establish suitable policies related to such projects. These contributions are very important in improving risk management in PPPs in developing countries.

scholarly journals Strengthening Public and Private Sector Collaboration for the Dumagat in Sta. Ines, Tanay, Rizal: Basis for A Four - Year IP Development Plan

2019 ◽  
pp. 370
Author(s):  
Ana Christina M. dela Cruz
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Community Organizing ◽  
Development Plan ◽  
Risk Allocation ◽  
Decent Work ◽  
Public And Private ◽  
The Public ◽  
Implementation Processes ◽  
Public And Private Sector

Providing a framework for exploring governance systems that range from policy or program-based inter-governmental cooperation (Makati and Tanay) to place-based collaboration with non-governmental stakeholders to public-private partnerships (PPP). Public-Private Partnership is geared towards financing, designing, implementing and operating facilities and services that are traditionally provided by the public sector. It embodies optimal risk allocation between  the parties  – minimizing cost  while  realizing project developmental objectives. Thus, the project is to be structured in such a way that the private sector gets a reasonable rate of return on its investment. This offers monetary and non-monetary advantages for the public sector. It addresses the limited funding resources for local IP development projects of the public sector, thereby allowing the allocation of public funds for other local priorities. The collaboration is geared for both sectors to gain improved efficiency and project implementation processes in delivering services to the IP community. Most importantly, it emphasizes Value for Money – focusing on reduced costs, better risk allocation, faster implementation, improved services and possible generation of additional revenue. A Four - year Indigenous People (IP) Development Plan for the Dumagat community is a concrete response to the United Nations’ 17 Sustainable Development Goals. Grounded in a vision that aims to transform our world - UN aspires to build a world free of poverty, hunger and disease, in which every woman and every girl enjoys full gender equality, where the environment is protected and where all people have access to quality education and decent work. The program is designed to create a sustainable community extension services for the IP community of Barangay Sta. Ines in Tanay, Rizal. The Dumagat community, characterized by lack of basic services, but open and willing to be organized to attain   genuine   and   holistic   development   is   the   priority   of   the   program.   In   the implementation, it will follow the different stages in community organizing to ensure the appropriateness of activities and training for community partners. Organizing the poorest of the  poor  can  lead  to  empowerment.  Also,  it  will  allow  them  to  become  pro-active  in ensuring the development

GOOD GOVERNANCE, AKUNTANSI PEMERINTAHAN DAN EKONOMI KERAKYATAN

2007 ◽  
Author(s):  
Yuskar Yuskar
Keyword(s):  
Private Sector ◽  
Social Welfare ◽  
Natural Resources ◽  
Good Governance ◽  
Financial Economic ◽  
Strong Impact ◽  
Governance Mechanism ◽  
Literature Study ◽  
The Public ◽  
The Government

Good governance is a ware to create an efficient, effective and accountable government by keeping a balanced interaction well between government, private sector and society role. The implementation of a good governance is aimed to recover the public trust for the government that has been lost for the last several years because of financial, economic and trust crisis further multidimensional crisis. The Misunderstanding concept and unconcerned manner of government in implementing a good governance lately have caused unstability, deviation and injustice for Indonesia society. This paper is a literature study explaining a concept, principles and characteristics of a good governance. Furthermore, it explains the definition, development and utility of an efficient, effective and accountable government in creating a good governance mechanism having a strong impact to the democratic economy and social welfare. It also analyzes the importance of government concern for improving democratic economy suitable with human and natural resources and the culture values of Indonesia.

Sign in / Sign up

Export Citation Format

Share Document