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Public-private partnerships from a business management perspective - risks and opportunities for SMEs in Europe

Author

Listed:
  • Giuseppe Festa
  • Maria Teresa Cuomo
  • Debora Tortora
  • Gerardino Metallo

Abstract

This paper concerns project financing initiatives from a general perspective with a particular focus on small and medium enterprises, emphasising the importance of operational management for special purpose vehicles. In fact, this study, mainly from a theoretical point of view, focuses on business management as a strategic and operative flywheel for the successful functioning of project financing initiatives. In this way, small and medium enterprises can play an important role, even in public-private partnerships; although small and medium enterprises are usually not involved in public-private partnerships, they can be competitive in a different sense with respect to large enterprises simply by having more intense involvement in the management of special purpose vehicles. A focus on the role of small and medium enterprises in public-private partnerships in Europe, which are analysed through content analysis, shows evidence of significant opportunities, not only as subcontractors but also as attractors of innovative financing solutions.

Suggested Citation

  • Giuseppe Festa & Maria Teresa Cuomo & Debora Tortora & Gerardino Metallo, 2016. "Public-private partnerships from a business management perspective - risks and opportunities for SMEs in Europe," International Journal of Globalisation and Small Business, Inderscience Enterprises Ltd, vol. 8(3), pages 239-250.
    • Handle: RePEc:ids:ijgsbu:v:8:y:2016:i:3:p:239-250
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    Cited by:

    1. Matteo Rossi & Giuseppe Festa & Ardi Gunardi, 2019. "The Evolution of Public-Private Partnerships in a Comparison between Europe and Italy: Some Perspectives for the Energy Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 403-413.

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