Infrastructure investment – the emergent PPP equity market

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Infrastructure investment – the emergent PPP equity market. / Whitfield, Dexter; Smyth, Stewart.

In: Annals of Public and Cooperative Economics, Vol. 90, No. 2, 06.2019, p. 291-309.

Research output: Contribution to journalArticlepeer-review

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@article{16eff473a7e14ac1b4913acff3da215f,
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.",
keywords = "public private partnership (PPP), secondary market, equity sales, infrastructure investment funds",
author = "Dexter Whitfield and Stewart Smyth",
year = "2019",
month = jun,
doi = "10.1111/apce.12234",
language = "English",
volume = "90",
pages = "291--309",
journal = "Annals of Public and Cooperative Economics",
issn = "1370-4788",
publisher = "Wiley-Blackwell",
number = "2",

}

RIS

TY - JOUR

T1 - Infrastructure investment – the emergent PPP equity market

AU - Whitfield, Dexter

AU - Smyth, Stewart

PY - 2019/6

Y1 - 2019/6

N2 - 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.

AB - 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.

KW - public private partnership (PPP)

KW - secondary market

KW - equity sales

KW - infrastructure investment funds

U2 - 10.1111/apce.12234

DO - 10.1111/apce.12234

M3 - Article

VL - 90

SP - 291

EP - 309

JO - Annals of Public and Cooperative Economics

JF - Annals of Public and Cooperative Economics

SN - 1370-4788

IS - 2

ER -