Infrastructure investment – the emergent PPP equity market

Dexter Whitfield; Stewart Smyth

doi:10.1111/apce.12234

Infrastructure investment – the emergent PPP equity market

Dexter Whitfield, Stewart Smyth

Research output: Contribution to journal › Article › peer-review

Abstract

Increasingly governments are looking to private sector actors to invest in infrastructure projects. An emergent mechanism for such investment is the market in PPP equity. This is an aspect of PPPs that has to date had little empirical attention. This paper reports on the size and scope of the market in PPP equity sales within the UK. In the process, the nature of PPP projects and the existing rationales for the policy are critiqued. The paper concludes by laying out a number of potential research agendas focused on PPP equity sales including a call for reassessing theoretical perspectives.

Original language	English
Pages (from-to)	291-309
Number of pages	19
Journal	Annals of Public and Cooperative Economics
Volume	90
Issue number	2
Early online date	4 Dec 2018
DOIs	https://doi.org/10.1111/apce.12234
Publication status	Published - Jun 2019

Keywords

public private partnership (PPP)
secondary market
equity sales
infrastructure investment funds

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1111/apce.12234Licence: None: All rights reserved

Cite this

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title = "Infrastructure investment – the emergent PPP equity market",

abstract = "Increasingly governments are looking to private sector actors to invest in infrastructure projects. An emergent mechanism for such investment is the market in PPP equity. This is an aspect of PPPs that has to date had little empirical attention. This paper reports on the size and scope of the market in PPP equity sales within the UK. In the process, the nature of PPP projects and the existing rationales for the policy are critiqued. The paper concludes by laying out a number of potential research agendas focused on PPP equity sales including a call for reassessing theoretical perspectives.",

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KW - secondary market

KW - equity sales

KW - infrastructure investment funds

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Infrastructure investment – the emergent PPP equity market

Abstract

Keywords

UN SDGs

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