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The valuation of risk transfer in UK school public private partnership contracts

journal contribution
posted on 2023-06-09, 00:03 authored by Iqbal Khadaroo
A number of studies have examined the public private partnership (PPP) policy and have questioned the risk transfer argument used by the UK government to legitimise its adoption. This paper contributes to the literature by illustrating how accounting numbers have been used to value risks and justify the PPP decision. Data from the full business cases of two UK PPP schools and semi-structured interviews are used to illustrate the complexities and subjective judgements involved in valuing risks and achieving optimal risk transfer. The analysis suggests that the accounting numbers used to value risks are not neutral or objective but are socially constructed and may be manipulated to justify the PPP decision.

History

Publication status

  • Published

Journal

The British Accounting Review

ISSN

0890-8389

Publisher

Elsevier

Issue

2

Volume

46

Page range

154-165

Department affiliated with

  • Business and Management Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2016-01-18

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    University of Sussex (Publications)

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