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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 KhadarooA 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 ReviewISSN
0890-8389Publisher
ElsevierExternal DOI
Issue
2Volume
46Page range
154-165Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2016-01-18Usage metrics
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