The global financial crisis and UK PPPs

Ciaran Connolly, Anthony Wall

Research output: Contribution to journalArticle

7 Citations (Scopus)

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.
LanguageEnglish
Pages533-542
JournalInternational Journal of Public Sector Management
Volume24
Issue number6
DOIs
Publication statusPublished - 2011

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public-private partnership
financial crisis
public private partnership
document analysis
supplement
European Union
content analysis
statistics
project
methodology
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Connolly, Ciaran ; Wall, Anthony. / The global financial crisis and UK PPPs. 2011 ; Vol. 24, No. 6. pp. 533-542.
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The global financial crisis and UK PPPs. / Connolly, Ciaran; Wall, Anthony.

Vol. 24, No. 6, 2011, p. 533-542.

Research output: Contribution to journalArticle

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