Cover Image
Read Now

Optimal Capital Structure of Public-Private Joint Ventures

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...

Full description

Bibliographic Details
Main Author: Gasiorowski, Pawel
Other Authors: Moszoro, Marian
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Working Papers
Subjects:
Finance, Public
National Government Expenditures And Related Policies: Infrastructures
Public-private Enterprises
Investment
Public Investment Spending
Finance
Public Finance & Taxation
Infrastructure
Public Enterprises
Public Sector
Special Purpose Vehicle
Other Public Investment And Capital Stock
Intangible Capital
International Financial Markets
Saving And Investment
Asset-liability Management
Public-private Sector Cooperation
Civil Service & Public Sector
Macroeconomics
Public Investments
Capacity
Public Investment And Public-private Partnerships (ppp)
Capital
Financial Risk Management
Public Finance
United Kingdom
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:13 pages
ISBN:9781451868630

Similar Items