A Principal-Agent Theory Perspective on PPP Risk Allocation
Abstract
This study proposes a framework for the allocation of risk in public private partnerships (PPP) projects. Its contribution lies in the recognition and incorporation of risks introduced by project stakeholders, and as articulated by the principal-agent theory (PAT). The framework assesses risks and routes these risks to those parties best equipped to mitigate their impact on the project. This allocation of risk is facilitated by a thirteen-step...
Paper Details
Title
A Principal-Agent Theory Perspective on PPP Risk Allocation
Published Date
Nov 16, 2019
Journal
Volume
11
Issue
22
Pages
6455 - 6455
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