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Stakeholder Opposition Risk in Public-Private Partnerships

Author

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  • George Nwangwu

    (Former PPP Adviser, Federal Ministry of Finance, Nigeria)

Abstract

This paper discusses stakeholder opposition risk. The analysis of project risks in Public Private Partnerships (PPPs) has traditionally focused more on political, construction, finance and other market-related risks with little attention paid to stakeholder opposition. The paper looks at the role of stakeholders in PPP projects and how they impact the success of projects, and contends that it is the misallocation of this risk to the private sector party, based on the principles of extant stakeholder theory that leads to public opposition to projects. Therefore, the stakeholder accountability theory is proposed as this approach properly recognizes the roles of both the public and private sector parties in the management of stakeholder opposition risk.

Suggested Citation

  • George Nwangwu, 2019. "Stakeholder Opposition Risk in Public-Private Partnerships," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 5(2), pages 36-42, 02-2019.
    • Handle: RePEc:arp:ijefrr:2019:p:36-42
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    References listed on IDEAS

    as
    1. Ezekiel Chinyio & Akintola Akintoye, 2008. "Practical approaches for engaging stakeholders: findings from the UK," Construction Management and Economics, Taylor & Francis Journals, vol. 26(6), pages 591-599.
    2. Marcoux, Alexei M., 2003. "A Fiduciary Argument Against Stakeholder Theory," Business Ethics Quarterly, Cambridge University Press, vol. 13(1), pages 1-24, January.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Thulani Mandiriza & David Johannes Fourie, 2023. "The Role of Stakeholders in the Adoption of Public–Private Partnerships (PPPs) in Municipal Water Infrastructure Projects: A Stakeholder Theory Perspective," World, MDPI, vol. 4(3), pages 1-15, July.
    2. Alaa M. S. Azazz & Ibrahim A. Elshaer & Marwa Ghanem, 2021. "Developing a Measurement Scale of Opposition in Tourism Public-Private Partnerships Projects," Sustainability, MDPI, vol. 13(9), pages 1-17, April.

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