Firm-level conditions to engage in public-private partnerships: what can we learn?
Autor(a) principal: | |
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Data de Publicação: | 2015 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/8506 |
Resumo: | This research examines the firm-level conditions of Portuguese listed companies to be engaged in Public Private Partnerships - Service Concessions Arrangements (PPP/SCAs). Based on accounting standards and other legislation regarding PPP/SCAs, a set of firm’s characteristics was tested in order to find determinants for that engagement. Through empirical evidence it is suggested that larger firms and relative higher leveraged firms attract more PPP/SCA projects. The results also imply that when the most important segment report is coincident with the primary line of business industry, firms have more probability of being engaged with a PPP/SCA. Findings also show that profitability and financing costs (as a proxy for risk) are not robust determinant for attract a PPP/SCA. This paper adds to the scarce (but in a growing phase) literature on the financial reporting of service concessions arrangements, contributing to a better understanding of the extent and conditions behind PPP/SCAs. |
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Firm-level conditions to engage in public-private partnerships: what can we learn?DeterminantsPublic-Private partnershipsConcessionsIFRIC 12PortugalThis research examines the firm-level conditions of Portuguese listed companies to be engaged in Public Private Partnerships - Service Concessions Arrangements (PPP/SCAs). Based on accounting standards and other legislation regarding PPP/SCAs, a set of firm’s characteristics was tested in order to find determinants for that engagement. Through empirical evidence it is suggested that larger firms and relative higher leveraged firms attract more PPP/SCA projects. The results also imply that when the most important segment report is coincident with the primary line of business industry, firms have more probability of being engaged with a PPP/SCA. Findings also show that profitability and financing costs (as a proxy for risk) are not robust determinant for attract a PPP/SCA. This paper adds to the scarce (but in a growing phase) literature on the financial reporting of service concessions arrangements, contributing to a better understanding of the extent and conditions behind PPP/SCAs.Elsevier2015-03-03T17:11:12Z2015-01-01T00:00:00Z20152019-03-28T14:52:32Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/8506eng0148-619510.1016/j.jeconbus.2015.01.001Lopes, A. I.Caetano, T. T.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:51:10Zoai:repositorio.iscte-iul.pt:10071/8506Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:25:19.835901Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Firm-level conditions to engage in public-private partnerships: what can we learn? |
title |
Firm-level conditions to engage in public-private partnerships: what can we learn? |
spellingShingle |
Firm-level conditions to engage in public-private partnerships: what can we learn? Lopes, A. I. Determinants Public-Private partnerships Concessions IFRIC 12 Portugal |
title_short |
Firm-level conditions to engage in public-private partnerships: what can we learn? |
title_full |
Firm-level conditions to engage in public-private partnerships: what can we learn? |
title_fullStr |
Firm-level conditions to engage in public-private partnerships: what can we learn? |
title_full_unstemmed |
Firm-level conditions to engage in public-private partnerships: what can we learn? |
title_sort |
Firm-level conditions to engage in public-private partnerships: what can we learn? |
author |
Lopes, A. I. |
author_facet |
Lopes, A. I. Caetano, T. T. |
author_role |
author |
author2 |
Caetano, T. T. |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Lopes, A. I. Caetano, T. T. |
dc.subject.por.fl_str_mv |
Determinants Public-Private partnerships Concessions IFRIC 12 Portugal |
topic |
Determinants Public-Private partnerships Concessions IFRIC 12 Portugal |
description |
This research examines the firm-level conditions of Portuguese listed companies to be engaged in Public Private Partnerships - Service Concessions Arrangements (PPP/SCAs). Based on accounting standards and other legislation regarding PPP/SCAs, a set of firm’s characteristics was tested in order to find determinants for that engagement. Through empirical evidence it is suggested that larger firms and relative higher leveraged firms attract more PPP/SCA projects. The results also imply that when the most important segment report is coincident with the primary line of business industry, firms have more probability of being engaged with a PPP/SCA. Findings also show that profitability and financing costs (as a proxy for risk) are not robust determinant for attract a PPP/SCA. This paper adds to the scarce (but in a growing phase) literature on the financial reporting of service concessions arrangements, contributing to a better understanding of the extent and conditions behind PPP/SCAs. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-03-03T17:11:12Z 2015-01-01T00:00:00Z 2015 2019-03-28T14:52:32Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/8506 |
url |
http://hdl.handle.net/10071/8506 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
0148-6195 10.1016/j.jeconbus.2015.01.001 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Elsevier |
publisher.none.fl_str_mv |
Elsevier |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134815781388288 |