Optimal Capital Structure of Public-Private Joint Ventures / / Pawel Gasiorowski, Marian Moszoro

• Record Nr.: UNINA9910788412103321
• Autore: Gasiorowski Pawel
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2008
• ISBN: 1-4623-7296-1; 1-4527-4304-5; 1-283-51365-X; 9786613826107; 1-4519-1316-8
• Descrizione fisica: 1 online resource (15 p.)
• Collana: IMF Working Papers
• Altri autori (Persone): MoszoroMarian
• Soggetti: Public-private sector cooperation - Finance - Econometric models; Partnership - Finance; Financial Risk Management; Infrastructure; Macroeconomics; Public Finance; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock; Public Enterprises; Public-Private Enterprises; International Financial Markets; Investment; Capital; Intangible Capital; Capacity; Public finance & taxation; Civil service & public sector; Finance; Public investment and public-private partnerships (PPP); Public sector; Public investment spending; Special purpose vehicle; Public-private sector cooperation; Finance, Public; Public investments; Asset-liability management; Saving and investment; United Kingdom
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: "January 2008."
• Nota di bibliografia: Includes bibliographical references (p. 12-13).
• Nota di contenuto: 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
• Sommario/riassunto: 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.