Government equity investment, effective communication and public private partnership (PPP) performance: evidence from China
Auteur(s): |
Zhen Hu
Qianmeng Li Tingting Liu Lu Wang Zhe Cheng |
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Médium: | article de revue |
Langue(s): | anglais |
Publié dans: | Engineering, Construction and Architectural Management, mars 2021, n. 9, v. 28 |
Page(s): | 2811-2827 |
DOI: | 10.1108/ecam-02-2020-0138 |
Abstrait: |
PurposePublic private partnership (PPP) has gained increasing popularity around the globe. Whether the government needs to participate in the PPP special purpose vehicle (SPV) as an equity coinvestor is a critical issue in PPP development. This research aims to examine the influence of government equity investment on PPP performance by taking public-private communication as an intermediate variable. Design/methodology/approachA questionnaire survey was adopted as the main research method. PPP practitioners with extensive experiences from both the public and private sectors were targeted respondents. The survey results were subsequently analyzed using statistical data analysis method. FindingsBased on the results from the questionnaire survey, this research indicates an invertedU-shaped relationship between the ratio of government equity and performance in PPP projects. In addition, communication plays a mediating role between government equity investment and PPP project performance. Originality/valueThis research explicates the relationship between the equity structure in a PPP SPV and the project performance. It provides important guidance and reference for PPP practitioners to structure the SPV and associated financial and commercial arrangements. It also offers valuable insights into the development of PPP policy, especially regarding the structuring of PPP models in China and elsewhere. |
- Informations
sur cette fiche - Reference-ID
10577071 - Publié(e) le:
26.02.2021 - Modifié(e) le:
29.11.2021