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Public Money & Management Volume 28, 2008 - Issue 2
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ORIGINAL ARTICLES

The Cost of Using Private Finance to Build, Finance and Operate Hospitals

Jean Shaoul Professor of Public Accountability, Manchester Business School
,
Anne Stafford Lecturer in accounting, Manchester Business School
&
Pam Stapleton Professor of Accounting, Manchester Business School
Pages 101-108 | Published online: 15 Mar 2010

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Xia Shu, Stewart Smyth & Jim Haslam. (2021) Post-decision project evaluation of UK public–private partnerships: insights from planning practice. Public Money & Management 41:6, pages 477-486.
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Sherena Hussain & Matti Siemiatycki. (2018) Rethinking the role of private capital in infrastructure PPPs: the experience of Ontario, Canada. Public Management Review 20:8, pages 1122-1144.
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Alexander Pinz, Nahid Roudyani & Julia Thaler. (2018) Public–private partnerships as instruments to achieve sustainability-related objectives: the state of the art and a research agenda. Public Management Review 20:1, pages 1-22.
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Stewart Smyth & Dexter Whitfield. (2017) Maintaining market principles: Government auditors, PPP equity sales and hegemony. Accounting Forum 41:1, pages 44-56.
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Carlos Fernandes, Miguel Ferreira & Filipe Moura. (2016) PPPs — True Financial Costs and Hidden Returns. Transport Reviews 36:2, pages 207-227.
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Rhys Andrews, Marc Esteve & Tamyko Ysa. (2015) Public–private joint ventures: mixing oil and water?. Public Money & Management 35:4, pages 265-272.
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Daniel Albalate, Germà Bel & R. Richard Geddes. (2015) The determinants of contractual choice for private involvement in infrastructure projects. Public Money & Management 35:1, pages 87-94.
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Athena Panayiotou & Francesca Medda. (2014) Attracting private sector participation in infrastructure investment: the UK case. Public Money & Management 34:6, pages 425-431.
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Kit Van Gestel, Tom Willems, Koen Verhoest, Joris Voets & Steven Van Garsse. (2014) Public–private partnerships in Flemish schools: a complex governance structure in a complex context. Public Money & Management 34:5, pages 363-370.
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Jane Lethbridge. (2014) Public enterprises in the healthcare sector – a case study of Queen Elizabeth Hospital, Greenwich, England. Journal of Economic Policy Reform 17:3, pages 224-235.
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Veronica Vecchi & Mark Hellowell. (2013) Securing a Better Deal From Investors in Public Infrastructure Projects. Public Management Review 15:1, pages 109-129.
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Y. Biondi. (2011) Cost of capital, discounting and relational contracting: endogenous optimal return and duration for joint investment projects. Applied Economics 43:30, pages 4847-4864.
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Jean Shaoul. (2011) ‘Sharing’ political authority with finance capital: The case of Britain's Public Private Partnerships. Policy and Society 30:3, pages 209-220.
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Matti Siemiatycki. (2011) Public-Private Partnership Networks: Exploring Business-Government Relationships in United Kingdom Transportation Projects. Economic Geography 87:3, pages 309-334.
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Anne Stafford. (2011) Discount Rates for the Evaluation of Public Private Partnerships, by David F. Burgess and Glenn P. Jenkins (Eds.). International Journal of Public Administration 34:6, pages 410-411.
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Jean Shaoul, Anne Stafford & Pamela Stapleton. (2010) Accountability for public expenditure under Building Schools for the Future . Journal of Education Policy 25:6, pages 749-756.
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Veronica Vecchi, Mark Hellowell & Francesco Longo. (2010) Are Italian healthcare organizations paying too much for their public–private partnerships?. Public Money & Management 30:2, pages 125-132.
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Liang Ma, Yangyang Hu, Liuying Zhu & Yongjian Ke. (2023) Are public—private partnerships still an answer for social infrastructure? A systematic literature review. Frontiers of Engineering Management 10:3, pages 467-482.
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Xia Shu, Stewart Smyth & Jim Haslam. (2023) Understanding absences and ambiguities of Post-decision Project Evaluation in the UK's PPPs: drawing from the sociology of ignorance. Accounting, Auditing & Accountability Journal.
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Ian Greener. (2020) The changing governance of welfare: revisiting Jessop’s framework in the context of healthcare. Social Theory & Health 20:1, pages 21-36.
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Jean Shaoul. 2021. Professional Service Firms and Politics in a Global Era. Professional Service Firms and Politics in a Global Era 217 235 .
Yusuf UYSAL. (2020) İNGİLTERE KAMU-ÖZEL İŞBİRLİĞİ MODELİNİN TÜRKİYE’DEKİ ŞEHİR HASTANELERİ UYGULAMALARI ÜZERİNE ETKİLERİ: POLİTİKA TRANSFERİ BAĞLAMINDA BİR ANALİZTHE EFFECTS OF ENGLAND PUBLIC-PRIVATE PARTNERSHIP MODEL ON THE CITY HOSPITAL PRACTISES IN TURKEY: AN ANALYSIS IN THE CONTEXT OF POLICY TRANSFER. Dokuz Eylül Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 22:3, pages 935-960.
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Laura Martiniello, Donato Morea, Francesco Paolone & Riccardo Tiscini. (2020) Energy Performance Contracting and Public-Private Partnership: How to Share Risks and Balance Benefits. Energies 13:14, pages 3625.
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Anthony M. Bertelli, Valentina Mele & Andrew B. Whitford. (2020) When new public management fails: Infrastructure public–private partnerships and political constraints in developing and transitional economies. Governance 33:3, pages 477-493.
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Peeter Peda & Eija Vinnari. (2020) The discursive legitimation of profit in public-private service delivery. Critical Perspectives on Accounting 69, pages 102088.
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Anne Stafford, Pamela Stapleton & Cletus Agyemin-Boateng. 2019. Duality by Design. Duality by Design 227 253 .
Ole HELBY PETERSEN. (2019) EVALUATING THE COSTS, QUALITY, AND VALUE FOR MONEY OF INFRASTRUCTURE PUBLIC‐PRIVATE PARTNERSHIPS: A SYSTEMATIC LITERATURE REVIEW. Annals of Public and Cooperative Economics 90:2, pages 227-244.
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Roberto Moro Visconti, Laura Martiniello, Donato Morea & Elisa Gebennini. (2019) Can Public-Private Partnerships Foster Investment Sustainability in Smart Hospitals?. Sustainability 11:6, pages 1704.
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Anna Wojewnik-Filipkowska & Joanna Węgrzyn. (2019) Understanding of Public–Private Partnership Stakeholders as a Condition of Sustainable Development. Sustainability 11:4, pages 1194.
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Roberto Moro Visconti & Laura Martiniello. (2019) Smart hospitals and patient-centered governance. Corporate Ownership and Control 16:2, pages 83-96.
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Waziri Sulu-Gambari, Anne Stafford & Pamela Stapleton. (2018) Public accountability reform in a Nigerian ministry. Qualitative Research in Accounting & Management 15:4, pages 485-509.
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Veronica Vecchi. 2018. Public-Private Partnerships in Health. Public-Private Partnerships in Health 43 64 .
Anne Stafford & Pamela Stapleton. (2017) Examining the Use of Corporate Governance Mechanisms in Public-Private Partnerships: Why Do They Not Deliver Public Accountability?. Australian Journal of Public Administration 76:3, pages 378-391.
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Maria Caballer-Tarazona & David Vivas-Consuelo. (2016) A cost and performance comparison of Public Private Partnership and public hospitals in Spain. Health Economics Review 6:1.
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Martina Santandrea, Stephen Bailey & Marco Giorgino. (2015) Value for money in UK healthcare public–private partnerships: A fragility perspective. Public Policy and Administration 31:3, pages 260-279.
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Christoph Hermann. (2015) The public sector and equality. Global Social Policy 16:1, pages 4-21.
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Paolo Colla, Mark Hellowell, Veronica Vecchi & Stefano Gatti. (2015) Determinants of the cost of capital for privately financed hospital projects in the UK. Health Policy 119:11, pages 1442-1449.
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Judy Brown, Jesse Dillard & Trevor Hopper. (2015) Accounting, accountants and accountability regimes in pluralistic societies. Accounting, Auditing & Accountability Journal 28:5, pages 626-650.
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Geoffrey Wood & Mike Wright. (2015) Corporations and New Statism: Trends and Research Priorities. Academy of Management Perspectives 29:2, pages 271-286.
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Patrick T. I. LamArshad Ali Javed. (2015) Comparative Study on the Use of Output Specifications for Australian and U.K. PPP/PFI Projects. Journal of Performance of Constructed Facilities 29:2.
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Suhaiza Ismail & Fatimah Azzahra Haris. (2014) Rationales for public private partnership (PPP) implementation in Malaysia. Journal of Financial Management of Property and Construction 19:3, pages 188-201.
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Marialuisa Saviano, Ratri Parida, Francesco Caputo & Saroj Kumar Datta. (2014) Health care as a worldwide concern. Insights on the Italian and Indian health care systems and PPPs from a VSA perspective. EuroMed Journal of Business 9:2, pages 198-220.
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David PARKER. (2013) PRIVATIZATION AND THE LABOUR GOVERNMENTS 1997-2010. Annals of Public and Cooperative Economics 84:4, pages 343-360.
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Arshad Ali JAVED, Patrick T.I. Lam & Albert P.C. Chan. (2013) A model framework of output specifications for hospital PPP/PFI projects. Facilities 31:13/14, pages 610-633.
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Veronica Vecchi, Mark Hellowell & Stefano Gatti. (2013) Does the private sector receive an excessive return from investments in health care infrastructure projects? Evidence from the UK. Health Policy 110:2-3, pages 243-270.
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Nuno Ferreira da CruzRui Cunha Marques. (2012) Delivering Local Infrastructure through PPPs: Evidence from the School Sector. Journal of Construction Engineering and Management 138:12, pages 1433-1443.
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Paul Andon. (2012) Accounting‐related research in PPPs/PFIs: present contributions and future opportunities. Accounting, Auditing & Accountability Journal 25:5, pages 876-924.
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Mark Hellowell & Veronica Vecchi. (2012) An Evaluation of the Projected Returns to Investors on 10 PFI Projects Commissioned by the National Health Service. Financial Accountability & Management 28:1, pages 77-100.
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Georgios N. Chatzipoulidis, Georgios N. Aretoulis & Glykeria P. Kalfakakou. (2011) PPP’s Application in Greek Health Infrastructure and Personnel’s Response. International Journal of Healthcare Delivery Reform Initiatives 3:4, pages 1-15.
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Basilio Acerete, Anne Stafford & Pamela Stapleton. (2011) Spanish healthcare public private partnerships: The ‘Alzira model’. Critical Perspectives on Accounting 22:6, pages 533-549.
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Jean Shaoul, Anne Stafford & Pamela Stapleton. (2011) NHS CAPITAL INVESTMENT AND PFI: FROM CENTRAL RESPONSIBILITY TO LOCAL AFFORDABILITY. Financial Accountability & Management 27:1, pages 1-17.
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Jean Shaoul. 2011. Working for the State. Working for the State 43 65 .
Johan van der Zwart, Theo van der Voordt & Hans de Jonge. (2010) Private Investment in Hospitals: A Comparison of Three Healthcare Systems and Possible Implications for Real Estate Strategies. HERD: Health Environments Research & Design Journal 3:3, pages 70-86.
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ANNE MASON, ANDREW STREET, MARISA MIRALDO & LUIGI SICILIANI. (2009) Should prospective payments be differentiated for public and private healthcare providers?. Health Economics, Policy and Law 4:4, pages 383-403.
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Mark Hellowell & Allyson M Pollock. (2009) Non-Profit Distribution: The Scottish Approach to Private Finance in Public Services. Social Policy and Society 8:3, pages 405-418.
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Mark Hellowell & Allyson M. Pollock. (2009) THE PRIVATE FINANCING OF NHS HOSPITALS: POLITICS, POLICY AND PRACTICE. Economic Affairs 29:1, pages 13-19.
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David Parker. (2009) EDITORIAL: PPP/PFI - SOLUTION OR PROBLEM?. Economic Affairs 29:1, pages 2-6.
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Christine André & Christoph Hermann. 2009. Privatisation against the European Social Model. Privatisation against the European Social Model 129 144 .
Jörg Huffschmid. 2009. Privatisation against the European Social Model. Privatisation against the European Social Model 49 60 .
Jean Shaoul. 2009. Critical Essays on the Privatisation Experience. Critical Essays on the Privatisation Experience 1 38 .
Roberto Moro Visconti, Laura Martiniello, Donato Morea & Elisa Gebennini. (2019) Can Public-Private Partnerships Foster Investment Sustainability in Smart Hospitals?. SSRN Electronic Journal.
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Yuri Biondi. (2010) Cost of Capital, Discounting, and Relational Contracting: Endogenous Optimal Return and Duration for Joint Investment Projects. SSRN Electronic Journal.
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