Private Finance Initiative-The Theory Behind Practice

被引：6

作者：

Kee, James Edwin ^{[1
]}

Forrer, John ^{[2
]}

机构：

[1] George Washington Univ, Sch Publ Policy & Adm, 601 E MPA Bldg, Washington, DC 20052 USA

[2] George Washington Univ, Ctr Study Globalizat, Washington, DC 20052 USA

来源：

INTERNATIONAL JOURNAL OF PUBLIC ADMINISTRATION | 2008年 / 31卷 / 02期

关键词：

private finance initiative; capital budget process; cost of capital;

D O I：

10.1080/01900690701410984

中图分类号：

C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;

摘要：

Since its launch in 1992, the UK's Private Finance Initiative (PFI) is being used more often as an innovative means for governments to expand public infrastructures and services. The practical advantages and disadvantages of PFI have been considered, but theoretical justifications for PFI remain unexamined. Compared with conventional capital budgeting practice, we examined four theoretical justifications: the competitive market model, a new principal-agent relationship, shifting of risk, and the accountability problem. We found some theoretical support for PFI; however, some questions still remain about the theory and practice of PFI.

引用

页码：151 / 167

页数：17

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