TY  - BOOK
AU  - Gasiorowski,Pawel
AU  - Moszoro,Marian
TI  - Optimal Capital Structure of Public-Private Joint Ventures
T2  - IMF Working Papers; Working Paper
SN  - 1451868634 :
SN  - 1018-5941
PY  - 2008///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Capital Structure
KW  - imf
KW  - Cost of Capital
KW  - Joint Ventures
KW  - Private Capital
KW  - Private Financing
KW  - Private Investor
KW  - Poland
N2  - This paper presents a model to assess the efficiency of the capital structure in public-private partnerships (PPP). A main argument supporting the PPP approach for investment projects is the transfer of know-how from the private partner to the public entity. The paper shows how different knowledge transfer schemes determine an optimal shareholding structure of the PPP. Under the assumption of lower capital cost of the public partner and lower development outlays when the investment is carried out by a private investor, an optimal capital structure is achieved with both the public and the private parties as shareholders
UR  - http://elibrary.imf.org/view/IMF001/08895-9781451868630/08895-9781451868630/08895-9781451868630.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451868630
ER  -