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
DOIs	https://doi.org/10.1111/apce.12234
Publication status	Published - Jun 2019
Externally published	Yes

Keywords

equity sales
G10
H44
infrastructure investment funds
M4
Public private partnership (PPP)
secondary market

UN SDGs

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

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10.1111/apce.12234

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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.",

keywords = "equity sales, G10, H44, infrastructure investment funds, M4, Public private partnership (PPP), secondary market",

author = "Dexter Whitfield and Stewart Smyth",

note = "Publisher Copyright: {\textcopyright} 2018 The Authors Annals of Public and Cooperative Economics {\textcopyright} 2018 CIRIEC",

year = "2019",

month = jun,

doi = "10.1111/apce.12234",

language = "English",

volume = "90",

pages = "291--309",

journal = "Annals of Public and Cooperative Economics",

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AU - Whitfield, Dexter

AU - Smyth, Stewart

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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 - equity sales

KW - G10

KW - H44

KW - infrastructure investment funds

KW - M4

KW - Public private partnership (PPP)

KW - secondary market

UR - https://www.scopus.com/pages/publications/85057969658

U2 - 10.1111/apce.12234

DO - 10.1111/apce.12234

M3 - Article

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SN - 1370-4788

VL - 90

SP - 291

EP - 309

JO - Annals of Public and Cooperative Economics

JF - Annals of Public and Cooperative Economics

IS - 2

ER -

INFRASTRUCTURE INVESTMENT – THE EMERGENT PPP EQUITY MARKET

Abstract

Keywords

UN SDGs

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