Evaluation of the excess revenue sharing ratio in PPP projects using principal–agent models

In PPP projects, a reasonable risk-sharing system determines whether project financing will be successful. It is often necessary for the host government to provide investors with certain guarantees that relieve some of the risk shouldered by the private parties in order to attract investment. For in...

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Veröffentlicht in:	International journal of project management 2015-08, Vol.33 (6), p.1317-1324
Hauptverfasser:	Wang, Yinglin, Liu, Jicai
Format:	Artikel
Sprache:	eng
Schlagworte:	Agency theory Excess revenue sharing Fairness preference Game theory Government guarantee PPP projects Purchasing power parity Revenue sharing Risk sharing Studies
Online-Zugang:	Volltext
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