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Journal cover: International Journal of Public Sector Management

International Journal of Public Sector Management

ISSN: 0951-3558

Online from: 1988

Subject Area: Industry and Public Sector Management

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The global financial crisis and UK PPPs


Document Information:
Title:The global financial crisis and UK PPPs
Author(s):Ciaran Connolly, (Queen's University Management School, Queen's University Belfast, Belfast, UK), Tony Wall, (Ulster Business School, University of Ulster, Newtownabbey, UK)
Citation:Ciaran Connolly, Tony Wall, (2011) "The global financial crisis and UK PPPs", International Journal of Public Sector Management, Vol. 24 Iss: 6, pp.533 - 542
Keywords:Defence sector, Global financial crisis, Public-private partnerships, United Kingdom, Waste
Article type:Research paper
DOI:10.1108/09513551111163648 (Permanent URL)
Publisher:Emerald Group Publishing Limited
Abstract:

Purpose – This paper seeks to examine how Public Private Partnerships (PPPs) have been affected by the global financial crisis (GFC). After briefly discussing PPPs and the GFC, the paper considers whether the latter has been a contributing factor in the declining number of projects reaching financial close.

Design/methodology/approach – The paper employs document content analysis to compare the time between notification of a project in the Official Journal of the European Union and its financial close in order to assess whether this period has increased since the beginning of the GFC. Two case studies are also presented.

Findings – Apart from a very small number of projects, the time between official project notification and financial close is lengthening, with the case studies providing some possible explanations for this.

Originality/value – Whilst Burger et al. provide some general statistics on the impact of the GFC on PPPs in a number of countries, this paper examines over 600 PPPs in the UK and supplements this analysis with two case studies, in order to assess whether the GFC has led to delays in projects reaching financial close.



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