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Infrastructure Investment – The Emergent Ppp Equity Market

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  • Dexter WHITFIELD
  • Stewart SMYTH

Abstract

Increasingly governments are looking to private sector actors to invest in infrastructure projects. An emergent mechanism for such investment is the market in PPP equity. This is an aspect of PPPs that has to date had little empirical attention. This paper reports on the size and scope of the market in PPP equity sales within the UK. In the process, the nature of PPP projects and the existing rationales for the policy are critiqued. The paper concludes by laying out a number of potential research agendas focused on PPP equity sales including a call for reassessing theoretical perspectives.

Suggested Citation

  • Dexter WHITFIELD & Stewart SMYTH, 2019. "Infrastructure Investment – The Emergent Ppp Equity Market," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(2), pages 291-309, June.
    • Handle: RePEc:bla:annpce:v:90:y:2019:i:2:p:291-309
    DOI: 10.1111/apce.12234
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