PUBLIC PRIVATE PARTNERSHIPS, BIG DATA NETWORKS AND MITIGATION OF INFORMATION ASYMMETRIES

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Roberto Moro Visconti ORCID logo

https://doi.org/10.22495/cocv14i4c1art3

Abstract

Public Private Partnerships (PPP) represent an increasingly frequent investment pattern where composite stakeholders interact in joint initiatives. Alignment of interests and consequent composition of conflicts is driven by the business purpose of the shared corporation, represented by a private Special Purpose Vehicle (SPV) within a Project Financing (PF) investment package. Corporate governance implications go beyond the traditional contraposition between ownership and control, showing cooperative patterns where the value is co-created and distributed. Big data-driven networks represent a trendy issue that connects public and private stakeholders through digital platforms where data are shared in real time. Information asymmetries and governance concerns are consequently softened.

Keywords: Project Finance, Stakeholders, Information Asymmetries, Corporate Governance, Theory of the Firm, Network Theory, Leverage, Value Chains, Value Co-creation, Digital Networks

Received: 02.03.2017

Accepted: 15.05.2017

How to cite this paper: Moro Visconti, R. (2017). Public private partnerships, big data networks and mitigation of information asymmetries. Corporate Ownership & Control, 14(4-1), 205-215. https://doi.org/10.22495/cocv14i4c1art3