Optimal Capital Structure of Public-Private Partnerships.
Pawel. Gasiorowski
Bok Engelsk 2008 · Electronic books.
| Omfang | 1 online resource (15 pages)
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| Utgave | 1st ed.
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| Opplysninger | Intro -- Contents -- I. Introduction -- II. The Relationships Within the Model -- III. Determining the Optimal Public-Private Capital Structure -- IV. Conclusions -- References -- Figures -- 1. Area of efficient public-private financing (discrete model) -- 2. Area of efficient public-private financing (continuous model).. - 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.
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| Emner | |
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| ISBN | 9781451913163
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| ISBN(galt) |
