scholarly journals Selection of a cooperation model in investments implemented in the system of public-private partnership in Poland

2017 ◽  
Vol 8 ◽  
Keyword(s):  
Public Private Partnership ◽  
Private Partnership ◽  
Cooperation Model ◽  
Selection Of

Optimization of the Mechanism of Natural and Climate Risk Insurance at the Macro- and Meso-levels of the National Economy

2021 ◽  
Vol 39 (3) ◽  
Author(s):  
Nataliia Prykaziuk ◽  
Oksana Lobova ◽  
Tatiana Motashko ◽  
Olena Prokofieva ◽  
Hanna Diachuk
Keyword(s):  
Game Theory ◽  
National Economy ◽  
Climatic Factors ◽  
Business Environment ◽  
Public Private Partnership ◽  
State Support ◽  
Private Partnership ◽  
Risk Insurance ◽  
Risk Matrices ◽  
Selection Of

Ukraine has geographical conditions for development of different industries affected by natural and climatic factors. It is necessary to optimize the mechanisms of risk insurance. Modifications of the risk insurance, ways to improve its effectiveness are outlined. Selection of a multi-risk solution for the insurer for strategic findings of it as a player is appropriate based on business environment or the nature of the business of the insurers. Algorithms for minimizing uncertainty in relation to the national economy as a whole, based on risk matrices, with zones 0 and FGK algorithms are determined. Insurance mechanisms with elements of game theory are formed. The optimization measures allow concluding hybrid multi-risk contracts and formation of a model of public-private partnership with state support.

scholarly journals Causal relationships of moral hazard and adverse selection of Ghanaian Public-Private-Partnership (PPP) construction projects

2018 ◽  
Vol 16 (3) ◽  
pp. 439-460 ◽  
Author(s):  
De-Graft Owusu-Manu ◽  
A.S. Kukah ◽  
David John Edwards ◽  
Erika Anneli Pärn ◽  
Hatem El-Gohary ◽  
...  
Keyword(s):  
Moral Hazard ◽  
Adverse Selection ◽  
Construction Projects ◽  
Public Private Partnership ◽  
Likelihood Method ◽  
Parameter Estimates ◽  
Causal Relationships ◽  
Private Partnership ◽  
Content Type ◽  
Selection Of

PurposeThe purpose of this paper was to assess the causal relationship(s) between moral hazard and adverse selection of public–private partnership (PPP) construction projects. Structural equation modelling (SEM) was used to explore the cause and effect relationship between moral hazard and adverse selection problems in PPP construction projects in Ghana. The study produced a framework to predict, estimate and depict the complex causal relationships (i.e. the directionality) between moral hazard and adverse selection.Design/methodology/approachTo test the proposed framework, a quantitative methodology was used, in which, data were collected using research questionnaires that targeted a sample of 280 PPP stakeholders in Ghana. In total, 210 useable questionnaires were retrieved, representing a response rate of 75 per cent.FindingsThe interrelationships between the eight causes and the nine effects of moral hazard and adverse selection were established using the model. The tested framework showed the degree of association and isolation of the unobserved variables on the indicator factors. Confirmatory factor analysis (CFA) was used to evaluate the fit of items to latent constructs. Because the fit of each model was good and the item loadings were adequate, it was assumed that the indicators of the different variables factors were fitting. Furthermore, a diagnostic fit analysis was conducted using the robust maximum likelihood method to test the statistical significance of the parameter estimates.Practical implicationsThis novel research is one of the few studies investigating the causal relationships between moral hazard and adverse selection of PPP construction projects. The research concluded with future studies that seek to validate the model developed in other countries and/or other industries.Originality/valueThe research findings will serve as a guide for construction stakeholders in the PPP sector on the causes and effects of adverse selection and moral hazard and how to mitigate these.

scholarly journals Risk Management in the Malaysian Build Operate Transfer Projects

2021 ◽  
Vol 3 (3) ◽  
Author(s):  
Usman Ahmad ◽  
Kashif Akram ◽  
Erum Fatima ◽  
Muhammad Hussain
Keyword(s):  
Risk Management ◽  
Research Method ◽  
Public Private Partnership ◽  
Infrastructure Development ◽  
Private Partnership ◽  
Selection Of ◽  
Extreme Risks

In Malaysia, Public Private Partnership (PPP) is one of the tools to develop infrastructure. Although, there are various forms of PPP projects but Build Operate and Transfer (BOT) is commonly used in infrastructural projects. Despite, the benefits of adopting PPP, there are a few issues that require focus of the practitioners and researchers such as; risk management in PPP projects. Therefore, this study describes the process of risk management in Malaysian BOT Projects as this PPP arrangement is applied in infrastructure development. The study has employed the exploratory sequential research method to achieve the objective. The results of the study concludes that most of the extreme risks are allocated to SPV thus selection of SPV is crucial for BOT projects.

GVK–MIAL: Partner Selection for Public-Private Partnership

2019 ◽  
Vol 23 (02) ◽  
pp. 427-456
Author(s):  
Sanjeev Ganguly ◽  
Satyasiba Das
Keyword(s):  
Partner Selection ◽  
Public Private Partnership ◽  
Early Years ◽  
Private Partnership ◽  
The Public ◽  
Partnership Model ◽  
Selection For ◽  
The Government ◽  
The Right ◽  
Selection Of

The unprecedented growth of air traffic during the early years of industrial and economic reform in India led to the government’s decision to open Indian airspace to private and international operators. During this period, inadequate infrastructure and management’s inability to expand had created congestion in most of the airports. The urgent requirements for modernization and expansion with limited funds left the government in the dilemma of selecting the right kind of inter-organizational collaboration. After much deliberation and consideration, the government considered adopting the public-private partnership model. Without any prior experience and executional history, selection of partners was the key challenge before the government. The case summarizes one of the most significant public-private partnership projects in India and provides managerial insights into partner selection and execution challenges of large infrastructural projects typical to many developing countries.

scholarly journals The main trends in the development of public-private partnership in modern Russia

2018 ◽  
pp. 57-63
Author(s):  
N. D. Bazaev
Keyword(s):  
Economic Growth ◽  
Statistical Data ◽  
Public Private Partnership ◽  
Business Community ◽  
Public Authorities ◽  
Private Partnership ◽  
Foreign Countries ◽  
The World ◽  
Pros And Cons ◽  
Selection Of

The study presents the practice of foreign countries in the application and implementation of publicprivate partnership, as well as the existing development trends, considered different approaches to the concept of public-private partnership. The differences between the implementation of public-private partnership in the world andRussiaare highlighted, the key of which is the non-mandatory financing of the project by the private sector in foreign countries. The pros and cons of PPP in the implementation of joint projects. Statistical data on the development of relations between public authorities and private parties inRussiaare also presented and analyzed. The result of the study was the identification of key trends in the development of public-private partnership in theRussian Federation, the main of which are: the increase in the number of low-budget projects and the expansion of the regulatory framework. The results of the survey of the Russian business community on the level of development of public-private partnership in theRussian Federationare presented. It is concluded that it is necessary to focus on the development of industry legislation, the creation of clear rules for the selection of participants of agreements based on PPP and improving the methods of implementation of warranty obligations for private partners. The importance of the implementation of public-private partnership projects for the economic growth of the regions of theRussian FederationandRussiaas a whole was noted. 

scholarly journals Operation mode selection of NIMBY facility Public Private Partnership projects

PLoS ONE ◽  
2021 ◽  
Vol 16 (7) ◽  
pp. e0254046
Author(s):  
Hui Zhao ◽  
Jingqi Zhang ◽  
Yuanyuan Ge
Keyword(s):  
Mode Selection ◽  
Operation Mode ◽  
Public Private Partnership ◽  
Topsis Method ◽  
Weighting Method ◽  
Private Partnership ◽  
Relative Proximity ◽  
The Index System ◽  
Selection Of ◽  
Grey Correlation Theory

Construction of not in my back yard (NIMBY) facility Public Private Partnership (PPP) projects are feasible measures to realize sustainable urbanization. In order to ensure the smooth development of the NIMBY facility PPP projects, the problem of choosing the most suitable operation mode among many PPP modes is still scarce and unscientific. In order to select the operation mode of the PPP projects that best fits the characteristics of the project, this paper constructs the operation mode selection of the NIMBY facility PPP project. Firstly, the index system of operation mode selection of the NIMBY facility PPP project is determined. G1 subjective weighting method and information entropy objective weighting method are introduced to solve the optimal weight of each index. Grey correlation theory is used to improve TOPSIS method, and the calculation form of relative proximity degree is optimized to determine the most suitable operation mode for the project. In this paper, combined weighting and TOPSIS method are applied to the research of NIMBY facility PPP project, and the operation mode selection of NIMBY facility PPP project is established, which makes up the blank of this part. Finally, a PPP project in Qingdao, Shandong Province, China, is taken as an example to verify the applicability of the model. The effectiveness of this model was tested by comparing the results of TOPSIS method, Grey target model, Extended matter-element mode and GRA-TOPSIS. It is hoped to provide useful reference for the operation mode selection of NIMBY facility PPP project.

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