Show simple item record

dc.contributor.authorOwolabi, Hakeem O
dc.contributor.authorOyedele, Lukumon O.
dc.contributor.authorAlaka, Hafiz
dc.contributor.authorAjayi, Saheed O.
dc.contributor.authorAkinade, Olugbenga O.
dc.contributor.authorBilal, Muhammad
dc.date.accessioned2019-12-04T01:12:36Z
dc.date.available2019-12-04T01:12:36Z
dc.date.issued2019-07-08
dc.identifier.citationOwolabi , H O , Oyedele , L O , Alaka , H , Ajayi , S O , Akinade , O O & Bilal , M 2019 , ' Public Private Partnerships (PPP) in the Developing World: Mitigating Financiers’ Risks ' , World Journal of Science, Technology and Sustainable Development , vol. 16 , no. 3 , pp. 121-141 . https://doi.org/10.1108/WJSTSD-05-2018-0043
dc.identifier.otherPURE: 17743145
dc.identifier.otherPURE UUID: 6f9b9519-a94d-4882-b6a2-37dd77a6b98d
dc.identifier.otherRIS: urn:FB192BBC1DDDD612BEF58DE56BE1791A
dc.identifier.urihttp://hdl.handle.net/2299/21956
dc.description© 2018, Emerald Publishing Limited.
dc.description.abstractA major challenge for foreign lenders in financing PPP infrastructure projects in an emerging market is the bankability of country-related risks. Despite existing studies on country risks in international project financing, perspectives of foreign financiers on bankability of country-specific risks in an emerging market is yet to be explored. Hence, using a mixed methodology approach to research, three PFI/PPP projects in Sub Saharan Africa (Nigeria) were used to investigate the bankability requirements for political risk, sponsor, concession and legal risks in PPP loan applications. Focus group discussions and loan documentations obtained from foreign project financiers with experience in PPP financing in Nigeria were used as sources of evidence. Results identified 22 bankability criteria for evaluating country-related risks (political risk, sponsor, concession and legal risks). These criteria were later put in a questionnaire survey to local and international project financiers with experiences in PPPs within Nigerian. Reliability analysis and significance index ranking were carried out. The significance index ranking helped ascertain the top 7 criteria influencing bankability of country-specific risks in emerging market PPPs. A conceptual “Risk and Bankability Framework” was then constructed from the findings and validated with new data from other PPP financiers in emerging markets. The proposed conceptual framework represents critical parameters for winning foreign financiers’ approval for PPP loan applications from emerging market.en
dc.format.extent21
dc.language.isoeng
dc.relation.ispartofWorld Journal of Science, Technology and Sustainable Development
dc.subjectEmerging markets
dc.subjectRisks
dc.titlePublic Private Partnerships (PPP) in the Developing World: Mitigating Financiers’ Risksen
dc.contributor.institutionHertfordshire Business School
dc.description.statusPeer reviewed
rioxxterms.versionAM
rioxxterms.versionofrecordhttps://doi.org/10.1108/WJSTSD-05-2018-0043
rioxxterms.typeJournal Article/Review


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record