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Efficient Public-Private Capital Structures

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type="main" xml:lang="de"> L'article présente une argumentation en faveur des structures hybrides de capital public-privé. Le secteur public peut emprunter à moindre coût tandis que les investisseurs privés peuvent générer des réductions de coût de fonctionnement. Lorsque les instruments d'investissement permettent d'internaliser l'avantage financier du secteur public et l'avantage du management du secteur privé, une structure de capital efficiente au sens de Pareto en découle avec les deux secteurs comme actionnaires. L'article montre comment différents schémas de transfert de connaissances en gestion déterminent la structure optimale d'actionnariat pour l'entreprise publique.

Suggested Citation

  • Marian MOSZORO, 2014. "Efficient Public-Private Capital Structures," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(1), pages 103-126, March.
  • Handle: RePEc:bla:annpce:v:85:y:2014:i:1:p:103-126
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    File URL: http://hdl.handle.net/10.1111/apce.12028
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    References listed on IDEAS

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    Cited by:

    1. Julie de Brux & Frederic Marty, 2014. "IPPP Risks and opportunities an economic perspective," Documents de Travail de l'OFCE 2014-11, Observatoire Francais des Conjonctures Economiques (OFCE).
    2. N.F. Cruz & R.C. Marques & A. Marra & C. Pozzi, 2014. "Local Mixed Companies: The Theory And Practice In An International Perspective," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(1), pages 1-9, March.
    3. Deng, Zhongqi & Song, Shunfeng & Chen, Yongjun, 2016. "Private participation in infrastructure project and its impact on the project cost," China Economic Review, Elsevier, vol. 39(C), pages 63-76.
    4. Antonio Estache & Tomas Serebrisky & Liam Wren-Lewis, 2015. "Financing infrastructure in developing countries," Oxford Review of Economic Policy, Oxford University Press, vol. 31(3-4), pages 279-304.
    5. Dementiev, Andrei, 2016. "Strategic partnerships in local public transport," Research in Transportation Economics, Elsevier, vol. 59(C), pages 65-74.

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