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...
|a Optimal Capital Structure of Public-Private Joint Ventures /
|c Pawel Gasiorowski, Marian Moszoro.
264
1
|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
300
|a 1 online resource (13 pages)
490
1
|a IMF Working Papers
500
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
500
|a <strong>On-Campus Access:</strong> No User ID or Password Required
506
|a Electronic access restricted to authorized BRAC University faculty, staff and students
520
3
|a 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.
538
|a Mode of access: Internet
700
1
|a Moszoro, Marian.
830
0
|a IMF Working Papers; Working Paper ;
|v No. 2008/001
856
4
0
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/001/001.2008.issue-001-en.xml
|z IMF e-Library