1,720,984 research outputs found
Platforms for public value creation
No full textDespite in its infancy in public administration research, the concept of platforms for public value creation has leveraged three main streams of literature, namely e-government, collaborative innovation and governance, and network industries. Thanks to digital technologies, platforms provide an applicable framework for strategically enabling distributed innovation, governance, and co-creation of public services in a variety of fields, from smart cities to social services such as healthcare, education, and eldercare
Investigating the performance of PPP in major healthcare infrastructure projects: the role of policy, institutions, and contracts
No full textIn the wake of the Covid-19 pandemic, public private partnerships (PPP) can prove useful to close the healthcare investment gap and accelerate long-term recovery, by matching public and private money. Despite their extensive application in the delivery of major infrastructure projects globally, their performance remains contested. Drawing on a unique set of data of PPP contracts for healthcare investments in Italy, the paper explores the antecedents (namely, policies, institutions, and contracts), that have influenced the capacity of PPP contracts to deliver performance, measured in terms of value for money (VfM), and contract stability. Results show that although explicit policy goals have a clear contribution, VfM can benefit from competent central PPP institutions, which should play a hands-on role in the planning, design, and project management activities. At the same time, centralised PPP units, if not combined with local competent authorities and strong governance mechanisms, may increase the risk of contract renegotiation
Making impact investing more than just well-meaning capital
No full textImpact investing is progressively losing focus in ensuring investments really do make a difference; therefore, the growth of the market may not make real social and environmental change. We propose three ways to put the “impact” back into the heart of impact investment
IS A SOCIAL EMPOWERMENT OF PPP FOR INFRASTRUCTURE DELIVERY POSSIBLE? LESSONS FROM SOCIAL IMPACT BONDS
No full textSocial Impact Bonds (SIBs) have emerged in recent years as outcome-based public-private partnerships (PPP) for the delivery of welfare services, where the payment to the private operator is linked to the achievement of superior social impact. Since the traditional infrastructure-based PPP approach seems to have failed to achieve higher level of efficiency and, above all, effectiveness, this paper discusses the extent to which the SIB model can represent a reference point to innovate the PPP model by introducing more focus on outcome achievement and social value generation
Impact investing as a societal refocus of venture capital: the perspective of mature economies
No full textLa strada dell'impact investing può rappresentare un cambiamento radicale della logica di intervento del venture capital, individuando sia nuovi spazi di investimento che modalità originali di mitigazione dle rischio
Principles of Capital Budgeting for the Assessment of PPP Projects
No full textCapital budgeting, or investment appraisal, is the planning process used to determine whether a long-term investment in tangible assets, such as a new hospital building or item of medical equipment, is worth the deployment of cash through the capitalisation structure (debt and equity). Traditional capital budgeting/finance textbooks focus their attention on private investment. However, capital budgeting can also be used by public authorities when planning and appraising PPP projects. In this case, the goal is to find the point of economic and financial equilibrium, which means that project cash flows are affordable to the public authority while also remunerating private investors adequately for their costs. This chapter offers an overview of the essentials of capital budgeting, providing guiding principles for public managers, investors and financial analysts
Financing infrastructure with Public–Private Partnerships
No full textThe paper presents the different alternatives available to finance infrastructure via PPPs in emerging market economie
PPP in health care - Trending toward a light model: evidence from Italy
No full textItaly, as many other countries, adopted the design-build-finance-maintain (DBFMO) Anglo-Saxon model to build new hospitals. This model proved to be rigid, nontransparent, nonvalue for money, and unaffordable. The aim of this article is to analyze the main drawbacks of the traditional DBFMO public-private partnerships (PPP) contract applied to the health care sector, by referring to the Italian experience, and to discuss the evolutions, conceived through an inductive/deductive approach, conducted in a context of deep collaboration between academia, health care authorities, and market players to make PPP contracts more value for money, flexible, and affordable. The article provides also an example of the role of academia in closing the rigor-practice gap by supporting and facilitating an institutional change
Nuovi strumenti di management per la gestione integrata dei percorsi assistenziali dei pazienti cronici
No full textRethinking infrastructure financing for Southeast Asia in the post-pandemic era
Full text linkThis report analyzes how the pandemic has impacted investment in infrastructure in Southeast Asia and
assesses how infrastructure development can help drive economic recovery and support sustainable growth.
Calculating $1.7 trillion will be spent each year on infrastructure in Asia, it shows how the pandemic hit public
financing and altered investor appetites. It highlights the growing need for public–private partnerships and
outlines financing models, risks, and trends. It recommends governments create an enabling environment to
mitigate investor risk, conduct feasibility studies, and build a pipeline of bankable projects to help finance the
infrastructure they need for a resilient future
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