IDEAS home Printed from https://ideas.repec.org/a/ids/ijcrac/v1y2009i1-2p3-57.html
   My bibliography  Save this article

Appraising income securitisation in the public sector: the sale of student rents at Keele University

Author

Listed:
  • Peter Armstrong

Abstract

Already a mainstream source of finance in the private sector, the exchange of future income for present cash is increasingly being promoted by the international financial services industry as a means of funding capital projects in the public sector. This paper reports on the value-for-money aspects of one such scheme: the securitisation of the rents on its student accommodation by a small UK university. The case strongly suggests that there are lessons to be learnt on the appraisal of such schemes and on their accounting treatment. Inter alia, the paper also comments on the adequacy of financial management at the level of institutions of higher education and on the oversight provided by the Higher Education Funding Council for England and, at one remove, by the National Audit Office.

Suggested Citation

  • Peter Armstrong, 2009. "Appraising income securitisation in the public sector: the sale of student rents at Keele University," International Journal of Critical Accounting, Inderscience Enterprises Ltd, vol. 1(1/2), pages 3-57.
    • Handle: RePEc:ids:ijcrac:v:1:y:2009:i:1/2:p:3-57
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=25329
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijcrac:v:1:y:2009:i:1/2:p:3-57. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=328 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.