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Trust in Project Financing: An Italian Health Care Example

Author

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  • Antonio Barretta
  • Cristiano Busco
  • Pasquale Ruggiero

Abstract

This article focuses on the role of the different types of trust (system, contractual, competence and goodwill) involved in developing effective private finance initiatives (PFI) in Italian health care trusts. Previous work has tended to focus on trust between the public and private partners. The authors show the success of a PFI can also depend on the level of trust between the private firms that make up special purpose vehicles (SPV).

Suggested Citation

  • Antonio Barretta & Cristiano Busco & Pasquale Ruggiero, 2008. "Trust in Project Financing: An Italian Health Care Example," Public Money & Management, Taylor & Francis Journals, vol. 28(3), pages 179-184, June.
    • Handle: RePEc:taf:pubmmg:v:28:y:2008:i:3:p:179-184
    DOI: 10.1111/j.1467-9302.2008.00641.x
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    References listed on IDEAS

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    1. Boersma, Margreet F. & Buckley, Peter J. & Ghauri, Pervez N., 2003. "Trust in international joint venture relationships," Journal of Business Research, Elsevier, vol. 56(12), pages 1031-1042, December.
    2. Suzana Grubnic & Ron Hodges, 2003. "Information, Trust and the Private Finance Initiative in Social Housing," Public Money & Management, Taylor & Francis Journals, vol. 23(3), pages 177-184, July.
    3. Dekker, Henri C., 2004. "Control of inter-organizational relationships: evidence on appropriation concerns and coordination requirements," Accounting, Organizations and Society, Elsevier, vol. 29(1), pages 27-49, January.
    4. Madhok, Anoop, 1995. "Opportunism and trust in joint venture relationships: an exploratory study and a model," Scandinavian Journal of Management, Elsevier, vol. 11(1), pages 57-74, March.
    5. Ron Hodges & Howard Mellett, 2004. "Reporting PFI in Annual Accounts: A User's Perspective," Public Money & Management, Taylor & Francis Journals, vol. 24(3), pages 153-158, June.
    6. Tomkins, Cyril, 2001. "Interdependencies, trust and information in relationships, alliances and networks," Accounting, Organizations and Society, Elsevier, vol. 26(2), pages 161-191, March.
    7. Gill, Jaz & Butler, Richard, 1996. "Cycles of trust and distrust in joint-ventures," European Management Journal, Elsevier, vol. 14(1), pages 81-89, February.
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    Cited by:

    1. Matthias Mahlendorf, 2015. "Allowance for failure: reducing dysfunctional behavior by innovating accountability practices," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 19(3), pages 655-686, August.

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