IDEAS home Printed from https://ideas.repec.org/a/taf/conmgt/v31y2013i2p99-103.html
   My bibliography  Save this article

A critical review of the application of TCE in the interpretation of risk allocation in PPP contracts

Author

Listed:
  • Chen-Yu Chang

Abstract

Along with the rise of public--private partnerships (PPPs) as a mainstream procurement system, we have seen a growing interest in studies of risk allocation in these projects. One of the serious academic endeavours is to apply both transaction cost economics (TCE) and the resource-based view (RBV) to explain risk allocation patterns found in PPP projects. The existing literature along these lines is deficient in three aspects: inappropriate choice of unit of analysis; poor specification of governance structure; and misinterpretation of asset specificity. A way for improvement is to analyse risk allocation in the context of PPP procurement in its entirety.

Suggested Citation

  • Chen-Yu Chang, 2013. "A critical review of the application of TCE in the interpretation of risk allocation in PPP contracts," Construction Management and Economics, Taylor & Francis Journals, vol. 31(2), pages 99-103, February.
    • Handle: RePEc:taf:conmgt:v:31:y:2013:i:2:p:99-103
    DOI: 10.1080/01446193.2012.726365
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/01446193.2012.726365
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/01446193.2012.726365?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

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

    References listed on IDEAS

    as
    1. Yescombe, E. R. & Yescombe, E. R., 2002. "Principles of Project Finance," Elsevier Monographs, Elsevier, edition 1, number 9780127708515.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bingsong Tang & Nan Li, 2022. "Contractual Governance for Dispute Resolution and Construction Sustainability: Case Studies from China," Sustainability, MDPI, vol. 14(13), pages 1-14, June.
    2. Irún, Beatriz & Monferrer, Diego & Moliner, Miguel Ángel, 2020. "Network market orientation as a relational governance mechanism to public-private partnerships," Journal of Business Research, Elsevier, vol. 121(C), pages 268-282.
    3. Tharun Dolla & Boeing Laishram, 2019. "Bundling in public–private partnership projects – a conceptual framework," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 69(6), pages 1177-1203, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gregory, Julian & Sovacool, Benjamin K., 2019. "Rethinking the governance of energy poverty in sub-Saharan Africa: Reviewing three academic perspectives on electricity infrastructure investment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 111(C), pages 344-354.
    2. Backhaus, Klaus & Gausling, Philipp & Hildebrand, Luise, 2015. "Comparing the incomparable: Lessons to be learned from models evaluating the feasibility of Desertec," Energy, Elsevier, vol. 82(C), pages 905-913.
    3. Borgonovo, Emanuele & Gatti, Stefano, 2013. "Risk analysis with contractual default. Does covenant breach matter?," European Journal of Operational Research, Elsevier, vol. 230(2), pages 431-443.
    4. Hilmar Tor Hilmarsson & Trung Quang Dinh, 2013. "Can Export Credit Agencies Facilitate Cross Border Trade to Emerging Markets and Help Increase Investments and Innovations in Their Food Processing Industries?," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 2(3), pages 176-186.
    5. Nicolas Campos & Eduardo Engel & Ronald D. Fischer & Alexander Galetovic, 2019. "Renegotiations and corruption in infrastructure: The Odebrecht case," "Marco Fanno" Working Papers 0230, Dipartimento di Scienze Economiche "Marco Fanno".
    6. Marzouk, Mohamed & Ali, Mohamed, 2018. "Mitigating risks in wastewater treatment plant PPPs using minimum revenue guarantee and real options," Utilities Policy, Elsevier, vol. 53(C), pages 121-133.
    7. Wright, Daniel G. & Dey, Prasanta K. & Brammer, John, 2014. "A barrier and techno-economic analysis of small-scale bCHP (biomass combined heat and power) schemes in the UK," Energy, Elsevier, vol. 71(C), pages 332-345.
    8. Zapata Quimbayo, Carlos Andrés, 2020. "Probabilidad de incumplimiento en inversiones de infraestructura: análisis a partir de modelos estructurales de riesgo de crédito || Probability of default in infrastructure projects: analysis from st," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 30(1), pages 327-345, December.
    9. David Martimort & Flavio Menezes & Myrna Wooders & DANIEL DANAU & ANNALISA VINELLA, 2015. "Public-Private Contracting under Limited Commitment," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(1), pages 78-110, February.
    10. Engel,Eduardo & Galetovic Potsch,Alexander, 2014. "Urban transport : can public-private partnerships work ?," Policy Research Working Paper Series 6873, The World Bank.
    11. Anna Carolina Martins & Marcelo de Carvalho Pereira & Roberto Pasqualino, 2023. "Renewable Electricity Transition: A Case for Evaluating Infrastructure Investments through Real Options Analysis in Brazil," Sustainability, MDPI, vol. 15(13), pages 1-24, July.
    12. MakajiÄ NikoliÄ, Dragana & Jednak, Sandra & BenkoviÄ, SlaÄana & PoznaniÄ, Vladimir, 2011. "Project finance risk evaluation of the Electric power industry of Serbia," Energy Policy, Elsevier, vol. 39(10), pages 6168-6177, October.
    13. Trung Quang DINH & Hilmar Þor HILMARSSON, 2012. "Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help?," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 167-180, March.
    14. Glenn Jenkins & Chun-Yan Kuo & Arnold C. Harberger, 2011. "Cost-Benefit Analysis for Investment Decisions: Chapter 4 (Discounting and Alternative Investment Criteria)," Development Discussion Papers 2011-04, JDI Executive Programs.
    15. Hyun, Suk & Park, Donghyun & Tian, Shu, 2018. "Determinants of Public–Private Partnerships in Infrastructure in Asia: Implications for Capital Market Development," ADB Economics Working Paper Series 552, Asian Development Bank.
    16. Trung Quang DINH & Hilmar ?ór HILMARSSON, 2013. "Cross Border Trade, Increased Value Added And Economic Growth In Emerging Market Economies: Can Export Credit Agencies Help?," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 7(1), pages 35-47, November.
    17. Cledan Mandri-Perrott & Iain Menzies, 2010. "Private Sector Participation in Light Rail-Light Metro Transit Initiatives," World Bank Publications - Books, The World Bank Group, number 2416.
    18. Vergara-Novoa, Cristian & Sepúlveda-Rojas, Juan Pedro & Alfaro, Miguel D. & Soto, Pablo & Benitez-Fuentes, Paulo Andrés, 2020. "Analysis of revenues, costs and average costs of highway concessions in Chile," Transport Policy, Elsevier, vol. 95(C), pages 114-123.
    19. Veronica Bonetti & Stefano Caselli & Stefano Gatti, 2010. "Offtaking agreements and how they impact the cost of funding for project finance deals," Review of Financial Economics, John Wiley & Sons, vol. 19(2), pages 60-71, April.
    20. Xiaolong Zou & Sheela Pradhan & Anmol Mukhia, 2022. "Nepal's hydropower development: Predicament and dilemma in policy‐making," Natural Resources Forum, Blackwell Publishing, vol. 46(1), pages 60-72, February.

    More about this item

    Statistics

    Access and download statistics

    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:taf:conmgt:v:31:y:2013:i:2:p:99-103. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RCME20 .

    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.