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A changing market for PFI financing: Evidence from the financiers

journal contribution
posted on 2023-06-09, 00:03 authored by Istemi Demirag, Iqbal Khadaroo, Pamela Stapleton
Responses to a questionnaire survey received from PFI financiers, and interviews with senior managers, show that as the credit crunch took hold banks became more risk averse. The prediction of Toms et al. that collusion between the state and the private sector might cease in the face of austerity does not appear to have occurred. Rather the state has intervened to benefit the private sector. We argue that two successive UK Governments intervened in the market to protect the role of private finance in PFIs but whether such interventions represent value for taxpayers’ money is a question for future research.

History

Publication status

  • Published

Journal

Accounting Forum

ISSN

0155-9982

Publisher

Elsevier

Issue

3

Volume

39

Page range

188-200

Event name

Accounting Forum

ISBN

0155-9982

Department affiliated with

  • Business and Management Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2016-01-18

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