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Commercial investment in public–private partnerships: The impact of government characteristics

By: Wang, Huanming Sun, Xiaoyun and Shi, Yu.
Material type: materialTypeLabelBookPublisher: Local Government Studies Description: 50(1), Feb, 2024: p.230-260.Subject(s): Public–private partnerships, Private investment, Business environment, Fiscal stress, Land finance In: Local Government StudiesSummary: How to attract commercial investment to provide infrastructure and public service is an important issue for governments around the world. This paper investigated what government characteristics can attract commercial investment. Using China’s PPP cases, this study shows that local government’s fiscal stress, land resources, and wealth are important determinants in attracting commercial investment. The business environment of local government plays a moderating role between government characteristics (i.e., fiscal stress, land resources, and wealth) and commercial investment. By highlighting the determinants of commercial investment, this study offers important implications for the theory and practice of PPP management.- Reproduced https://www.tandfonline.com/doi/full/10.1080/03003930.2023.2198217
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Articles Articles Indian Institute of Public Administration
50(1), Feb, 2024: p.230-260 Available AR135406

How to attract commercial investment to provide infrastructure and public service is an important issue for governments around the world. This paper investigated what government characteristics can attract commercial investment. Using China’s PPP cases, this study shows that local government’s fiscal stress, land resources, and wealth are important determinants in attracting commercial investment. The business environment of local government plays a moderating role between government characteristics (i.e., fiscal stress, land resources, and wealth) and commercial investment. By highlighting the determinants of commercial investment, this study offers important implications for the theory and practice of PPP management.- Reproduced

https://www.tandfonline.com/doi/full/10.1080/03003930.2023.2198217

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