Risk Management in Public-Private Partnerships

Name: Risk Management in Public-Private Partnerships
Brand: Taylor & Francis

Taylor & Francis

Risk Management in Public-Private PartnershipsAuthor(s): Mohammad Heydari, Kin Keung Lai, Zhou Xiaohu\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367630829, 978-0367630829\nSynopsis\nPublic-Private Partnership (PPP) is a channel through which the public sector can seek alternative funding and expertise from the private sector to procure public infrastructure. Governments around the world are increasingly turning to Public-Private Partnerships to deliver essential goods and services. Unfortunately, PPPs, like any other public procurement, can be at risk of corruption. This book begins by looking at the basics of PPP and the challenges of the PPP process. It then conceptualizes the vulnerability of various stages of Public-Private Partnership models and corruption risk against the backdrop of contract theory, principal-agent theory and transaction cost economics. The book also discusses potential control mechanisms.\n\nThe b.