Optimal Capital Structure of Public-Private Partnerships /

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This paper presents a model to assess the efficiency of the capital structure in public-private partnerships (PPP). A main argument supporting the PPP approach for investment projects is the transfer of know-how from the private partner to the public entity. The paper shows how different knowledge t...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Gasiorowski, Pawel
Autor Corporativo: International Monetary Fund
Otros Autores: Moszoro, Marian
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2008.
Colección:IMF Working Papers ; Working Paper no. 08/1.
Temas:
Public-private sector cooperation > Finance > Econometric models.
Partnership > Finance.
Partenariat public-privé > Finances > Modèles économétriques.
Partnership > Finance
Acceso en línea:Texto completo
Descripción
Sumario:This paper presents a model to assess the efficiency of the capital structure in public-private partnerships (PPP). A main argument supporting the PPP approach for investment projects is the transfer of know-how from the private partner to the public entity. The paper shows how different knowledge transfer schemes determine an optimal shareholding structure of the PPP. Under the assumption of lower capital cost of the public partner and lower development outlays when the investment is carried out by a private investor, an optimal capital structure is achieved with both the public and the private parties as shareholders.
Notas:Available in PDF, ePUB, and Mobi formats on the Internet.
Descripción Física:1 online resource (13 pages).
ISBN:1451913168
9781451913163
ISSN:2227-8885 ;

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