Accounting for Public Private Partnerships

Darrin Grimsey and Mervyn K. Lewis

Accounting Forum, 2002, vol. 26, issue 3-4, 245-270

Abstract: A public–private partnership (PPP) can be defined as a cooperative arrangement between the public and private sectors for the sharing of the risks and responsibilities for the provision of asset–based (infrastructure) services. The long–term contractual nature of the business relationship leads to difficult financial issues, related to taxation, cash flow budgeting and disclosure rules. In addition, the number of entities with an interest in the outcome puts a premium on accountability in the broad sense. Neither traditional models of public sector accountability nor those developed for private sector entities are adequate. A new paradigm is required which takes into account the complexity of the risk–sharing mechanisms and identifies clearly the rights and responsibilities of the various partners.

Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.1111/1467-6303.00089 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:accfor:v:26:y:2002:i:3-4:p:245-270

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/racc20

DOI: 10.1111/1467-6303.00089

Access Statistics for this article

Accounting Forum is currently edited by Carol Tilt

More articles in Accounting Forum from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().