The Arm-wrestling Between Public and Private Partners: An Investigation of Critical Success Factors and Risk Allocation Preference in PPP Projects

IF 2.6 4区管理学 Q3 ENGINEERING, INDUSTRIAL

Engineering Management Journal Pub Date : 2022-10-26 DOI:10.1080/10429247.2022.2131293

Rafael Rossi Buzzetto, M. Monteiro de Carvalho

{"title":"The Arm-wrestling Between Public and Private Partners: An Investigation of Critical Success Factors and Risk Allocation Preference in PPP Projects","authors":"Rafael Rossi Buzzetto, M. Monteiro de Carvalho","doi":"10.1080/10429247.2022.2131293","DOIUrl":null,"url":null,"abstract":"Abstract This study aims at investigating the public and private perspectives on both the critical success factors (CSFs) and risk factors (RFs) in large Public-Private Partnership (PPP) projects. It aims at analyzing how risk allocation occurs and its implications. A case-based research approach was applied, combining qualitative and quantitative analysis strategies. This research in-depth examines four large PPP projects in the Brazilian metro-rail sector. Dyadic archival and interview data were collected from public-private parties, including 34 interviews, and archival sources, such as contracts and reports. The results identify the critical success factors and risk factors in PPP projects in the transport sector. The analysis shows that public and private sectors pursue different critical success factors but converge on the risk factors. The most stressed risk factor is “corruption and bribery,” which reveal the corrupted context spanning in the studied projects. Finally, the conflict in perceptions shows an explanation of context-dependent aspects explored in the qualitative analysis.","PeriodicalId":54353,"journal":{"name":"Engineering Management Journal","volume":" ","pages":""},"PeriodicalIF":2.6000,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Engineering Management Journal","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1080/10429247.2022.2131293","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENGINEERING, INDUSTRIAL","Score":null,"Total":0}

引用次数: 1

Abstract

Abstract This study aims at investigating the public and private perspectives on both the critical success factors (CSFs) and risk factors (RFs) in large Public-Private Partnership (PPP) projects. It aims at analyzing how risk allocation occurs and its implications. A case-based research approach was applied, combining qualitative and quantitative analysis strategies. This research in-depth examines four large PPP projects in the Brazilian metro-rail sector. Dyadic archival and interview data were collected from public-private parties, including 34 interviews, and archival sources, such as contracts and reports. The results identify the critical success factors and risk factors in PPP projects in the transport sector. The analysis shows that public and private sectors pursue different critical success factors but converge on the risk factors. The most stressed risk factor is “corruption and bribery,” which reveal the corrupted context spanning in the studied projects. Finally, the conflict in perceptions shows an explanation of context-dependent aspects explored in the qualitative analysis.

查看原文本刊更多论文

公私合作伙伴之间的角力：PPP项目关键成功因素和风险分配偏好的调查

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Engineering Management Journal 工程技术-工程：工业

CiteScore

5.60

自引率

12.00%

发文量

审稿时长

>12 weeks

期刊介绍： EMJ is designed to provide practical, pertinent knowledge on the management of technology, technical professionals, and technical organizations. EMJ strives to provide value to the practice of engineering management and engineering managers. EMJ is an archival journal that facilitates both practitioners and university faculty in publishing useful articles. The primary focus is on articles that improve the practice of engineering management. To support the practice of engineering management, EMJ publishes papers within key engineering management content areas. EMJ Editors will continue to refine these areas to ensure they are aligned with the challenges faced by technical organizations and technical managers.