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Title: The effect of institutional factors on public-private partnership success in ports
Authors: Panayides, Photis 
Parola, Francesco 
Lam, Jasmine Siu Lee 
Keywords: Institutional environment;Port;Port development;Privatization;Public-private partnerships
Category: Civil Engineering;Civil Engineering
Field: Engineering and Technology
Issue Date: 1-Jan-2015
Publisher: Elsevier Ltd
Source: Transportation Research Part A: Policy and Practice, 2015, Volume 71, Pages 110-127
Abstract: Port public-private partnerships (PPPs) are considered to be an important emerging mechanism for port development and improvement in port performance especially for developing countries. This paper empirically investigates the effect of institutional factors in the success of port's PPPs; the latter defined as the attractiveness of the PPP project for private bidders and the market competitiveness of the facility. The empirical investigation of a large sample of ports finds that 'regulatory quality', 'market openness', 'ease to start a business' and 'enforcing contracts' are important institutional determinants of port PPP success and may ultimately contribute to port development and economic growth. The results are consistent with and add to the theoretical literature whereas practical implications for port authorities, managers and investors are discussed.
ISSN: 09658564
Rights: © 2014 Elsevier Ltd.
Type: Article
Appears in Collections:Άρθρα/Articles

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