Public Money and Mickey Mouse: Evaluating performance and accountability in the Hong Kong Disneyland joint venture public–private partnership

Higgins, Christopher D.; Huque, Ahmed Shafiqul

doi:10.1080/14719037.2014.881533

Cited by 15 publications

(8 citation statements)

References 18 publications

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“…Availability and access to data is a major problem when it comes to the measurement of effectiveness in PPP projects (Chen, Daito, & Gifford, 2016). Different methods used to measure effectiveness are tabulated as under: Based on the variety of factors/ measurement methods as in Table: 9 these diverse measures/factors are categorized in the following 6 different categories: (Hayllar, 2010;Ofek, 2015;Higgins & Huque, 2015;Buse & Harmer, 2007;Hodge & Coghill, 2007;Panayides et al, 2015;Becker, 2012;Willem & Lucidarme, 2014;MacDonald, 2012;Wong et al, 2015;Buse & Harmer, 2007;Alasad & Motawa, 2016;Abramov, 2009a;Aaronson, 2011;Loosemore & Cheung, 2015) Sr No. (Nisar, 2013;Mishra et al, 2013;Andon, 2012;Hadzic et al, 2015;Zhang, 2014;Xu et al, 2012;Samii, Van Wassenhove, & Bhattacharya, 2002).…”

Section: Methods Used To Measure the Effectivenessmentioning

confidence: 99%

“…To the best of our knowledge, there is hardly any review specifically dealing with the effectiveness of PPPs. The effectiveness of PPPs, similar to other public policy arenas, is a contested area (Higgins & Huque, 2015). Despite the rhetoric about the effectiveness of PPPs, there is a mounting criticism regarding the outcomes of such arrangements (Hodge & Greve, 2010).…”

Section: Introductionmentioning

confidence: 99%

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Effectiveness of Public Private Partnerships: A Systematic Literature Review

Ali

Irfan

Salman

2020

JMR

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Questions about the ‘effectiveness’ of Public-Private Partnerships (PPPs) have been raised for quite some time now. Although implementation and performance problems are given some attention while carrying out systematic literature review regarding PPPs, there is no systematic literature review available to the best of our knowledge that analyses/reviews the ways in which the effectiveness of PPPs is measured. This review of 107 articles intends to fill this gap by reviewing the peer-reviewed articles/papers published during the years 2000-2016. It particularly investigated three areas including (a) the ways in which the effectiveness of PPPs is defined, (b) methods used by the researchers to measure the effectiveness of PPPs, and (c) theories/perspectives explaining the effectiveness of PPPs. The results indicated that the effectiveness of PPPs is not clearly defined in the existing literature. Moreover, there is no consensus on what counts as an effective PPP. Regarding the methods of measurement, the overwhelming majority of researchers focused only on the identification of factors as opposed to the actual measurement of effectiveness. With respect to theoretical perspectives, governance theories were used in most cases. Based on the findings of this systematic literature review, it is recommended in the current research to use six broad categories of methods/factors identified as a starting point to measure the effectiveness of PPPs.

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Section: Methods Used To Measure the Effectivenessmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Effectiveness of Public Private Partnerships: A Systematic Literature Review

Ali

Irfan

Salman

2020

JMR

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“…The public finance and accounting literature has been vocal about how PPPs compromise by being off‐balance sheet financing, or long‐term government credit card (subject to misuse), or compromising with transparency standards regarding in public accounts. Similarly, the public administration literature has raised concerns about democratic accountability getting compromised in PPPs (Higgins & Huque, ). The multiple concerns imply lack of a clear recognition of the impact of risk allocations on public welfare in PPPs.…”

Section: Introductionmentioning

confidence: 99%

Hybrid annuity model: Hamming risk allocations in Indian highway public–private partnerships

Garg

Mahapatra²

2019

Journal of Public Affairs

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A new public-private partnership (PPP) model, that is, hybrid annuity model (HAM) was introduced in 2016, to revive investments in the Indian highway infrastructure and to remedy the troubled relationship between the public and private sectors. This model marked a significant policy departure in the management of long-and shortterm public interest, which is inherent to public utilities and service delivery.Through a dispassionate lens, this paper critically examines the extent to which HAM has fulfilled its stated objectives. The analysis of project award data provides mixed empirical evidence of HAM's early success. As a positive policy imperative, HAM has been able to attract private participation in highway infrastructure by readjustment of risk allocations, and hence, it is a welcome step forward in improving public affairs. Worryingly though, HAM also brought about extensive de-risking of the private sector, with evidence of rendering risk retention, that is, "skin-in-the-game" by the less significant private infrastructure investors, and thereby adversely impacting development priorities. We find that HAM has taken the reengagement of private sector two steps back in management of PPP affairs.Recognizing that a true performance assessment is unlikely at this early stage of HAM introduction, the paper adopts a more analytical stance in identifying possible pitfalls

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“…In contrast to other fields such as water supply and sewage treatment and transportation, tourism PPP has just emerged in recent years.It is very difficult to conduct a substantial evaluation of the implementation effectiveness of the PPP in these early stages. Therefore, the current PPP policy evaluation mainly focuses on the ex-post evaluation of theoretical analyses and case studies [5][6][7]. There is a major flaw in existing research whereby the spatial characteristics and spatial effects of PPP policy and projects have been ignored.…”

mentioning

confidence: 99%

Does PPP Matter to Sustainable Tourism Development? An Analysis of the Spatial Effect of the Tourism PPP Policy in China

et al. 2018

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Funding and efficiency have always been important factors that restrict the sustainable development of tourism in developing countries. The PPP (Public Private Partnership) is an innovative model for addressing the above problems and is popular in the sustainable development of tourism around the world. The performance evaluation of tourism PPP is a key step towards promoting the PPP policy and sustainable development. In particular, the analysis of spatial effects that are easily overlooked will help to improve the measure of PPP performance. Based on tourism PPP projects in the PPP database of the Ministry of Finance in China, this paper analyses the spatial patterns and development characteristics of tourism PPP, identifies and measures the impact factors of tourism PPP by virtue of the GeoDetector method, and analyzes the function of PPP in tourism development and governance. The research shows that there are significant spatial disparities in the tourism PPP projects. Although tourism PPP is the result of interactions between multiple factors, what plays a critical role is the financial factor. PPP acts as a policy driver in tourism development in China. It corrects spatial mismatch between tourism resources and factors, eliminates space barriers and promotes the realization of spatial justice of tourism development. This study not only contributes to the improvement of China's PPP policy, but also has implications for PPP policies in other developing countries.Sustainability 2018, 10, 4058 2 of 15 ($318 billion) during the 13th Five-Year Plan period. In contrast to the enormous demand, the supply of the tourism industry faces huge factor gaps, especially in relation to funding and experienced professionals. It is important and urgent to introduce the PPP (Public Private Partnership) to attract private capital into tourism development, ease the government's financial pressure and accelerate the development of the tourism industry.PPP, which is an innovation model under the impact of new public management (NPM) in infrastructure and public service, provides advantages of filling the funding gap of local governments, sharing risks rationally, improving efficiency, promoting institutional reforms, and boosting economic development [3]. To mitigate the debt risks of local governments and promote private capital development, Chinese governments have issued dozens of policies to encourage PPP development, and consequently a PPP fever has developed since 2014 [4]. Since 2014, the application of PPP has covered 19 sectors including energy, transportation, education, municipal works and tourism. In contrast to other fields such as water supply and sewage treatment and transportation, tourism PPP has just emerged in recent years.It is very difficult to conduct a substantial evaluation of the implementation effectiveness of the PPP in these early stages. Therefore, the current PPP policy evaluation mainly focuses on the ex-post evaluation of theoretical analyses and case studies [5][6][7]. There is a major flaw in exis...

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Public Money and Mickey Mouse: Evaluating performance and accountability in the Hong Kong Disneyland joint venture public–private partnership

Cited by 15 publications

References 18 publications

Effectiveness of Public Private Partnerships: A Systematic Literature Review

Effectiveness of Public Private Partnerships: A Systematic Literature Review

Hybrid annuity model: Hamming risk allocations in Indian highway public–private partnerships

Does PPP Matter to Sustainable Tourism Development? An Analysis of the Spatial Effect of the Tourism PPP Policy in China

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