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Record Nr. |
UNINA9910464589503321 |
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Autore |
Moszoro Marian |
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Titolo |
Optimal capital structure of public-private joint ventures [[electronic resource] /] / prepared by Marian Moszoro and Pawel Gasiorowski |
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Pubbl/distr/stampa |
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Washington, D.C., : International Monetary Fund, Office of the Executive Director, c2008 |
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ISBN |
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1-4623-7296-1 |
1-4527-4304-5 |
1-283-51365-X |
9786613826107 |
1-4519-1316-8 |
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Descrizione fisica |
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1 online resource (15 p.) |
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Collana |
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IMF working paper ; ; WP/08/1 |
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Altri autori (Persone) |
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Soggetti |
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Public-private sector cooperation - Finance - Econometric models |
Partnership - Finance |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references (p. 12-13). |
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Nota di contenuto |
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Contents; I. Introduction; II. The Relationships Within the Model; III. Determining the Optimal Public-Private Capital Structure; Figures; 1. Area of efficient public-private financing (discrete model); IV. Conclusions; 2. Area of efficient public-private financing (continuous model); References |
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Sommario/riassunto |
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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 priva |
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