861
Views
8
CrossRef citations to date
0
Altmetric
Research Article

Governmental support strategies and their effects on private capital engagement in public–private partnerships

ORCID Icon & ORCID Icon

References

  • Albalate, Daniel, Germà Bel, and Richard Geddes. 2020. “Do Public-Private Partnership Enabling Laws Increase Private Investment in Infrastructure.” The Journal of Law & Economics 63 (1): 43–70. doi:10.1086/706247.
  • Andrews, Rhys, and Tom Entwistle. 2010. “Does Cross-Sectoral Partnership Deliver? An Empirical Exploration of Public Service Effectiveness, Efficiency, and Equity.” Journal of Public Administration Research and Theory 20 (3): 679–701. doi:10.1093/jopart/mup045.
  • Bertelli, Anthony M., Valentina Mele, and Andrew B. Whitford. 2020. “When New Public Management Fails: Infrastructure Public–private Partnerships and Political Constraints in Developing and Transitional Economies.” Governance 33 (3): 477–493. doi:10.1111/gove.12428.
  • Boardman, Anthony E., and Aidan R. Vining. 2012. “The Political Economy of Public‐private Partnerships and Analysis of Their Social Value.” Annals of Public and Cooperative Economics 83 (2): 117–141. doi:10.1111/j.1467-8292.2012.00457.x.
  • Brinkerhoff, Derick W., and Jennifer M. Brinkerhoff. 2011. “Public-Private Partnerships: Perspectives on Purposes, Publicness, and Good Governance.” Public Administration and Development 31 (1): 2–14. doi:10.1002/pad.584.
  • Bunch, Beverly. 2012. “Preserving the Public Interest in Highway Public-Private Partnerships: A Case Study of the State of Texas.” Public Budgeting and Finance 32 (1): 36–57. doi:10.1111/j.1540-5850.2011.01001.x.
  • Burke, Richard, and Istemi Demirag. 2019. “Risk Management by SPV Partners in Toll Road Public Private Partnerships.” Public Management Review 21 (5): 711–731. doi:10.1080/14719037.2018.1523450.
  • Callens, Chesney, Koen Verhoest, and Jan Boon. 2021. “Combined Effects of Procurement and Collaboration on Innovation in Public-Private-Partnerships: A Qualitative Comparative Analysis of 24 Infrastructure Projects.” Public Management Review.
  • Casady, Carter B. 2020. “Examining the Institutional Drivers of Public-Private Partnership (PPP) Market Performance: A Fuzzy Set Qualitative Comparative Analysis (fsQCA).” Public Management Review 23 (7): 981–1005. doi:10.1080/14719037.2019.1708439.
  • Casady, Carter B., Kent Eriksson, Raymond E Levitt, and W Richard Scott. 2018. “Examining the State of Public-Private Partnership (PPP) Institutionalization in the United States.” The Engineering Project Organization Journal 8 (1). doi:10.25219/epoj.2018.00109.
  • Casady, Carter B., Kent Eriksson, Raymond E. Levitt, and W. Richard Scott. 2020. “(Re)defining Public-Private Partnerships (PPPs) in the New Public Governance (NPG) Paradigm: An Institutional Maturity Perspective.” Public Management Review 22 (2): 161–183. doi:10.1080/14719037.2019.1577909.
  • Chen, Can, and John R. Bartle. 2022. Innovative Infrastructure Finance. Switzerland AG: Springer Nature.
  • Cui, Caiyun, Yong Liu, Alex Hope, and Jianping Wang. 2018. “Review of Studies on the Public–private Partnerships (PPP) for Infrastructure Projects.” International Journal of Project Management 36 (5): 773–794. doi:10.1016/j.ijproman.2018.03.004.
  • DeCorla-Souza, Patrick, and Marcel Ham. 2016. ”Financial Viability Assessment.” In P3-VALUE Webinar. U.S. Federal Highway Administration. https://www.fhwa.dot.gov/ipd/pdfs/p3/p3-value_2.0_session_5.pdf
  • Duşa, Adrian. 2019. ”QCA with R: A Comprehensive Resource.” In QCA with R. Springer International Publishing. doi:10.1007/978-3-319-75668-4.
  • Engel, Eduardo, Ronald Fischer, and Alexander Galetovic. 2013. “The Basic Public Finance of Public-Private Partnerships.” Journal of the European Economic Association 11 (1): 83–111. doi:10.1111/j.1542-4774.2012.01105.x.
  • FHWA. n.d. “Federal Debt Financing Tools.” Accessed March 28, 2020. https://www.fhwa.dot.gov/ipd/finance/tools_programs/federal_debt_financing.
  • FHWA Center for Innovative Finance. n.d. “Project Profiles.” Accessed November 27, 2018. https://www.fhwa.dot.gov/ipd/project_profiles/
  • Fleta-Asín, Jorge, Fernando Muñoz, and Jorge Rosell-Martínez. 2019. “Public-Private Partnerships: Determinants of the Type of Governance Structure.” Public Management Review 22 (10): 1489–1514. doi:10.1080/14719037.2019.1637014.
  • Forrer, John, James Edwin Kee, Kathryn E. Newcomer, and Eric J. Boyer. 2010. “Public-Private Partnerships and the Public Accountability Question.” Public Administration Review 70 (3): 475–484. doi:10.1111/j.1540-6210.2010.02161.x.
  • Garrido, Laura, Juan Gomez, María de Los Ángeles Baeza, and José Manuel Vassallo. 2017. “Is EU Financial Support Enhancing the Economic Performance of PPP Projects? An Empirical Analysis on the Case of Spanish Road Infrastructure.” Transport Policy 56 (May): 19–28. doi:10.1016/j.tranpol.2017.02.010.
  • Gatti, Stefano, and Raffaele della Croce. 2015. “International Trends in Infrastructure Finance.” In Public Private Partnerships for Infrastructure and Business Development, edited by Stefano Caselli, Guido Corbetta, and Veronica Vecchi, 81–100. New York: Palgrave Macmillan.
  • Geddes, Richard, and Benjamin L. Wagner. 2013. “Why Do U.S. States Adopt Public-Private Partnership Enabling Legislation?” Journal of Urban Economics 78: 30–41. doi:10.1016/j.jue.2013.05.003.
  • Governmental Accounting Standards Board . 2018. ”Public-Private Partnerships, Including Reexamination of Statement 60.” GASB Project Pages . https://www.gasb.org/jsp/GASB/GASBContent_C/ProjectPage&cid=1176170504978
  • Guo, Hai (David), and Alfred T. Ho. 2019. “Support for Contracting-Out and Public-Private Partnership: Exploring Citizens’ Perspectives.” Public Management Review 21 (5): 629–649. doi:10.1080/14719037.2018.1487576.
  • Haque, M. Shamsul. 2001. “The Diminishing Publicness of Public Service Under the Current Mode of Governance.” Public Administration Review 61 (1): 65–82. doi:10.1111/0033-3352.00006.
  • Hodge, Graeme, and Carsten Greve. 2007. “Public-Private Partnerships: An International Performance Review.” Public Administration Review 67 (3): 545–558. doi:10.1111/j.1540-6210.2007.00736.x.
  • Hodge, Graeme, Carsten Greve, and Mhamed Biygautane. 2018. “Do PPP’s Work? What and How Have We Been Learning so Far?” Public Management Review 20 (8): 1105–1121. doi:10.1080/14719037.2018.1428410.
  • Hussain, Sherena, and Matti Siemiatycki. 2018. “Rethinking the Role of Private Capital in Infrastructure PPPs: The Experience of Ontario, Canada.” Public Management Review 20 (8): 1122–1144. doi:10.1080/14719037.2018.1428412.
  • Inframation. n.d. “Global Transactions Database.” Accessed April 5, 2019. https://www.inframationgroup.com/what-we-do-inframation.
  • Iossa, Elisabetta, and David Martimort. 2015. “The Simple Microeconomics of Public-Private Partnerships.” Journal of Public Economic Theory 17 (1): 4–48. doi:10.1111/jpet.12114.
  • Jooste, Stephan Francois. 2010. Exploring the Networks of Organizations That Enable and Govern Infrastructure Public-Private Partnerships: An Organizational Field-Level Perspective. Stanford University. http://purl.stanford.edu/tr752hr4470.
  • Kivleniece, Ilze, and Bertrand V. Quelin. 2012. “Creating and Capturing Value in Public-Private Ties: A Private Actor’s Perspective.” Academy of Management Review 37 (2): 272–299. doi:10.5465/amr.2011.0004.
  • Klijn, Erik Hans, Jose Nederhand, and Vidar Stevens. 2021. “The Necessity of Collaboration in Branding: Analysing the Conditions for Output Legitimacy Through Qualitative Comparative Analysis (QCA).” Public Management Review 24 (5): 655–673.
  • Kline, Sarah. 2021. “Five Reasons Public-Private Partnerships Could See Big Growth Under the Bipartisan Infrastructure Bill.” Bipartisan Policy Center. https://bipartisanpolicy.org/blog/five-reasons-public-private-partnerships-could-see-big-growth-under-the-bipartisan-infrastructure-bill/.
  • Koch, Christian, and Martine Buser. 2006. “Emerging Metagovernance as an Institutional Framework for Public Private Partnership Networks in Denmark.” International Journal of Project Management 24 (7): 548–556. doi:10.1016/j.ijproman.2006.07.001.
  • Kopańska, Agnieszka, and Roman Asinski. 2019. “Fiscal and Political Determinants of Local Government Involvement in Public-Private Partnership (PPP).” Local Government Studies 45 (6): 957–976. doi:10.1080/03003930.2019.1635016.
  • Kweun, Jeong Yun, Porter K. Wheeler, and Jonathan L. Gifford. 2018. “Evaluating Highway Public-Private Partnerships: Evidence from U.S. Value for Money Studies.” Transport Policy 62: 12–20. doi:10.1016/j.tranpol.2017.03.009.
  • Lazzarini, Sergio G., Leandro S. Pongeluppe, Nobuiuki C. Ito, Felippe de Medeiros Oliveira, and Armen Ovanessoff. 2020. “Public Capacity, Plural Forms of Collaboration, and the Performance of Public Initiatives: A Configurational Approach.” Journal of Public Administration Research and Theory 30 (4): 579–595. doi:10.1093/jopart/muaa007.
  • Loxley, John, and Jesse Hajer. 2019. “Public–private Partnerships, Social Impact Bonds, and the Erosion of the State in Canada.” Studies in Political Economy 100 (1): 18–40. doi:10.1080/07078552.2019.1612167.
  • Marin, Fernando J. Rodriguez, Nicolai J. Sarad, and Liam P. Donovan. 2022. “Infrastructure Act Impacts on Public-Private Partnerships.” The National Law Review. https://www.natlawreview.com/article/infrastructure-investment-and-jobs-act-selected-changes-impacting-public-private.
  • Matos-Castaño, Julieta, Ashwin Mahalingam, and Geert Dewulf. 2014. “Unpacking the Path-Dependent Process of Institutional Change for PPPs.” Australian Journal of Public Administration 73 (1): 47–66. doi:10.1111/1467-8500.12062.
  • Maurya, Dayashankar, and Amit Kumar Srivastava. 2019. “Managing Partner Opportunism in Public–private Partnerships: The Dynamics of Governance Adaptation.” Public Management Review 21 (10): 1420–1423. doi:10.1080/14719037.2018.1559341.
  • McCarthy, Lauren N., Lisardo Bolaños, Jeong Yun Kweun, and Jonathan Gifford. 2019. “Understanding Project Cancellation Risks in U.S. P3 Surface Transportation Infrastructure.” Transport Policy 98: 197–207. doi:10.1016/j.tranpol.2019.10.009.
  • Myers, Stewart C. 1984. “The Capital Structure Puzzle.” The Journal of Finance 39 (3): 575. doi:10.2307/2327916.
  • National Conference of State Legislatures. 2020. “Transportation Funding and Finance State Bill Tracking Database.” https://www.ncsl.org/research/transportation/ncsl-transportation-funding-finance-legis-database.aspx.
  • Oana, Ioana-Elena, and Carsten Q Schneider. 2018. “SetMethods: An Add-On R Package for Advanced QCA.” The R Journal 10: 1. doi:10.32614/RJ-2018-031.
  • Osei-Kyei, Robert, and Albert P.C. Chan. 2017. “Factors Attracting Private Sector Investments in Public–private Partnerships in Developing Countries: A Survey of International Experts.” Journal of Financial Management of Property and Construction 22 (1): 92–111. doi:10.1108/JFMPC-06-2016-0026.
  • Pinz, Alexander, Nahid Roudyani, and 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): 1–22. doi:10.1080/14719037.2017.1293143.
  • Posner, Paul L., Ann Tkachenko, and ShinKue Ryu. 2009. “Public-Private Partnerships: The Relevance of Budgeting.” OECD Journal on Budgeting 9 (1): 1–26. doi:10.1787/budget-v9-art3-en.
  • Reinhardt, William. 2011. “The Role of Private Investment in Meeting US Transportation Infrastructure Needs.” Public Works Financing 260. https://trid.trb.org/view/1466460.
  • Reynaers, Anne Marie. 2014. “Public Values in Public-Private Partnerships.” Public Administration Review 74 (1): 41–50. doi:10.1111/puar.12137.
  • Rihoux, Benoit, and Charles Ragin. 2009. Configurational Comparative Methods: Qualitative Comparative Analysis (QCA) and Related Techniques. Thousand Oaks, CA: Sage Publications.
  • Schneider, Carsten Q., and Claudius Wagemann. 2012. Set-Theoretic Methods for the Social Sciences: A Guide to Qualitative Comparative Analysis. Cambridge, UK: Cambridge University Press.
  • Sclar, Elliott. 2015. “The Political Economics of Investment Utopia: Public–private Partnerships for Urban Infrastructure Finance.” Journal of Economic Policy Reform 18 (1): 1–15. doi:10.1080/17487870.2014.950857.
  • Shelton, Kyle. 2017. “Tapping the Brakes on Public-Private Partnership in Texas.” Brookings. https://www.brookings.edu/blog/the-avenue/2017/05/16/tapping-the-brakes-on-public-private-partnership-in-texas/.
  • Shen, Liyin, Vivian W.Y. Tam, Lin Gan, Kunhui Ye, and Zongnan Zhao. 2016. “Improving Sustainability Performance for Public-Private-Partnership (PPP) Projects.” Sustainability 8 (3): 289. doi:10.3390/su8030289.
  • Soecipto, Raden Murwantara, and Koen Verhoest. 2018. “Contract Stability in European Road Infrastructure PPPs: How Does Governmental PPP Support Contribute to Preventing Contract Renegotiation?” Public Management Review 20 (8): 1145–1164. doi:10.1080/14719037.2018.1428414.
  • Steijn, Bram, Erik-Hans Klijn, and Jurian Edelenbos. 2011. “Public Private Partnerships: Added Value by Organizational Form or Management?” Public Administration 89 (4): 1235–1252. doi:10.1111/j.1467-9299.2010.01877.x.
  • Tan, Jie, and Jerry Zhirong Zhao. 2019. “The Rise of Public–private Partnerships in China: An Effective Financing Approach for Infrastructure Investment?” Public Administration Review 79 (4): 514–518. doi:10.1111/puar.13046.
  • Tan, Jie, and Jerry Zhirong Zhao. 2021. “Explaining the Adoption Rate of Public-Private Partnerships in Chinese Provinces: A Transaction Cost Perspective.” Public Management Review 23 (4): 590–609. doi:10.1080/14719037.2019.1699947.
  • Thiem, Alrik, and Adrian Duşa. 2013. Qualitative Comparative Analysis with R: A User’s Guide. Springer. doi:10.1007/978-1-4614-4584-5_1.
  • United Nations Environment Programme. 2021. International Good Practice Principles for Sustainable Infrastructure, DTI/2344/GE. Nairobi, Kenya: United Nations Environment Programme.
  • U.S. Department of Transportation. n.d. “TIFIA Credit Program Overview.” Accessed October 19, 2018. https://www.transportation.gov/tifia/tifia-credit-program-overview
  • U.S. Federal Highway Administration. 2016. “Guidebook on Financing of Highway Public-Private Partnership Projects.” https://www.fhwa.dot.gov/ipd/pdfs/p3/p3-toolkit_p3_project_financing_guidebook_122816.pdf
  • van Ham, Hans, and Joop Koppenjan. 2001. “Building Public-Private Partnerships: Assessing and Managing Risks in Port Development.” Public Management Review 3 (4): 593–616. doi:10.1080/14616670110070622.
  • Vecchi, Veronica, and Mark Hellowell. 2018. “Public-Private Partnerships: Recent Trends and the Central Role of Managerial Competence.” In The Palgrave Handbook of Public Administration and Management in Europe, edited by Edoardo Ongaro and Sandra Van Thiel, 381–401. London: Palgrave Macmillan UK.
  • Vecchi, Veronica, Mark Hellowell, Raffaele della Croce, and Stefano Gatti. 2017. “Government Policies to Enhance Access to Credit for Infrastructure-Based PPPs: An Approach to Classification and Appraisal.” Public Money & Management 37 (2). doi:10.1080/09540962.2016.1266173.
  • Verhoest, Koen, Ole Helby Petersen, Walter Scherrer, and Raden Murwantara Soecipto. 2015. “How Do Governments Support the Development of Public Private Partnerships? Measuring and Comparing PPP Governmental Support in 20 European Countries.” Transport Reviews 35 (2): 118–139. doi:10.1080/01441647.2014.993746.
  • Vining, Aidan R., Anthony E. Boardman, and Finn Poschmann. 2005. “Public–private Partnerships in the US and Canada: There are No Free Lunches.” Journal of Comparative Policy Analysis: Research and Practice 7 (3): 199–220.
  • Wang, Huanming, Yuhai Liu, Wei Xiong, and Dajian Zhu. 2019. “Government Support Programs and Private Investments in PPP Markets.” International Public Management Journal 22 (3): 499–523. doi:10.1080/10967494.2018.1538025.
  • Wang, Huanming, Wei Xiong, Guangdong Wu, and Dajian Zhu. 2018. “Public–private Partnership in Public Administration Discipline: A Literature Review.” Public Management Review 20 (2): 293–316. doi:10.1080/14719037.2017.1313445.
  • Warsen, Rianne, Erik Hans Klijn, and Joop Koppenjan. 2019. “Mix and Match: How Contractual and Relational Conditions are Combined in Successful Public–private Partnerships.” Journal of Public Administration Research and Theory 29 (3): 375–393. doi:10.1093/jopart/muy082.
  • The White House. 2021. “UPDATED FACT SHEET: Bipartisan Infrastructure Investment and Jobs Act.”https://www.whitehouse.gov/briefing-room/statements-releases/2021/08/02/updated-fact-sheet-bipartisan-infrastructure-investment-and-jobs-act/
  • Willems,Tom, and Wouter Van Dooren. 2016. “(De)Politicization Dynamics in Public–private Partnerships (PPPs): Lessons from a Comparison Between UK and Flemish PPP Policy.” Public Management Review 18 (2). doi:10.1080/14719037.2014.969759.
  • Woodhouse, Eleanor Florence, Paolo Belardinelli, and Anthony Michael Bertelli. 2022. “Hybrid Governance and the Attribution of Political Responsibility: Experimental Evidence from the United States.” Journal of Public Administration Research and Theory 32 (1): 150–165. doi:10.1093/jopart/muab014.
  • World Bank Group. 2017. “PPP Reference Guide 3.0.” 2017. https://ppp.worldbank.org/public-private-partnership/library/ppp-reference-guide-3-0
  • Zhao, Jerry Zhirong, Emily Saunoi-Sandgren, and Avital Barnea. 2011. Advancing Public Interest in Public-Private Partnership of State Highway Development, MN/RC 2011-09. St. Paul, MN: Minnesota Department of Transportation Research Services.
  • Zullo, Roland. 2009. “Does Fiscal Stress Induce Privatization? Correlates of Private and Intermunicipal Contracting, 1992–2002.” Governance 22 (3): 459–481. doi:10.1111/j.1468-0491.2009.01447.x.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.