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A strategic analysis of contract termination in public–private partnerships: implications from cases in sub-Saharan Africa

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  • Anthony T. Odoemena
  • Masahide Horita

Abstract

The paper examines empirically what contributes to the problem of contract termination in public–private partnerships (PPPs) from the perspectives of theories on contracts, transaction costs and industrial organizations. Based on a theoretical exploration of a model of the holdup and underinvestment problems, we identified the profit-sharing mechanism as the contract type that most predisposes a PPP to the inefficiencies that lead to contract termination. We then conducted an empirical examination of a data-set of PPP contracts in sub-Saharan Africa. Using rough sets theory and the logic of explanatory power, we found that contract type outweighs other factors, such as sector and nationality, in the explanation of contract termination.

Suggested Citation

  • Anthony T. Odoemena & Masahide Horita, 2018. "A strategic analysis of contract termination in public–private partnerships: implications from cases in sub-Saharan Africa," Construction Management and Economics, Taylor & Francis Journals, vol. 36(2), pages 96-108, February.
    • Handle: RePEc:taf:conmgt:v:36:y:2018:i:2:p:96-108
    DOI: 10.1080/01446193.2017.1361039
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    Cited by:

    1. Bo Zhang & Li Zhang & Jing Wu & Shouqing Wang, 2019. "Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China," Sustainability, MDPI, vol. 11(23), pages 1-14, December.
    2. Ceric Anita & Ivic Ivona, 2021. "Network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects," Organization, Technology and Management in Construction, Sciendo, vol. 13(1), pages 2450-2464, January.

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