Transparency of public private partnership (PPP): the extent of mandatory information disclosure

Abstract

Purpose The purpose of this paper is to examine the extent public listed construction firms in Malaysia disclose mandatory information on public private partnership (PPP) projects. This paper is important as the level of disclosure of PPP information reflects the extent of transparency as practiced by the companies involved in PPP projects. Design/methodology/approach In achieving the aim, a content analysis procedure was carried out to analyse the 2015 annual reports of the construction companies. Descriptive statistics including the mean score, frequency and percentage were employed to analyse the disclosure of the annual report. Findings The overall mean disclosure score of the sampled companies is 40 per cent, which connotes a low level of disclosure of mandatory information on PPP. The companies also tend to disclose more mandatory financial information than non-financial information. Originality/value This paper is one of the few studies that investigated the level of mandatory disclosure of PPP information, thus contributing to the scanty literature on PPP transparency not only in Malaysia but also internationally.

Enhancing Trust Between PPP Partners: The Role of Contractual Functions and Information Transparency

“…As per recent research, some degree of information transparency is necessary because PPP projects generally involve large public projects with limited information disclosure (Hood et al, 2006; Ismail et al, 2019). For a long time, the concept of information transparency was unclear (Albu & Flyverbom, 2016), resulting in hostility to disclosure.…”

“…Therefore, this suggests that information transparency might be necessary for investigating the boundary conditions of the relationship between contractual functions and trust. However, although people continue to recognize the importance of information transparency (Ismail et al, 2019;Neto et al, 2020;O'Shea et al, 2020), there is lack of quantitative literature on the impact of information transparency in long-term projects and complex project environments. Another potential reason for the aforementioned inconsistent conclusions is that contracts only be viewed as an aggregate construct.…”

Tree-based Machine Learning and Deep Learning in Predicting Investor Intention to Public Private Partnership

“…This special arrangement is known as publicprivate partnerships (PPP). PPP has developed in a number of developing countries since it was first used in the United Kingdom in the early 1990s, including Chile in Latin America, Colombia, Brazil, Bulgaria, and Slovenia in Eastern Europe, and Indonesia, Malaysia, and South Korea in Asia [5]- [7]. However, the degree to which PPPs are successfully implemented varies from country to country.…”

Trust in Government and Public-Private Partnership on Infrastructure Financing: Indonesian Experience

“…The PPPs were initially implemented in the United Kingdom in the early 1990s, which regarded as the beginning of the contemporary pattern of PPP adoption. PPP have also evolved in a number of developing countries, such as Indonesia, Malaysia and South Korea in Asia, Colombia, Brazil, Bulgaria, and Slovenia in Eastern Europe, and Chile in Latin America (Ismail et al, 2019;Mohamad et al, 2018;Pfisterer, 2017).…”