Do public-private partnerships benefit private sector? Evidence from an emerging market
Yogesh Chauhan and
Vijaya B. Marisetty
Research in International Business and Finance, 2019, vol. 47, issue C, 563-579
We extend the literature on Public-Private Partnerships (PPPs) to understand the benefits of these incentive-compatible contracting arrangements to the private sector firms. We argue that the unique structure of PPPs helps in mitigating information asymmetry problem that drives underinvestment in the private sector of emerging markets and thereby enhances their investment efficiency. We test this hypothesis on PPPs that occurred in India over the last one decade.
JEL-codes: G23 G28 G32 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:47:y:2019:i:c:p:563-579
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