Public-private partnerships from a business management perspective - risks and opportunities for SMEs in Europe. (2016)

• Record Type: Journal Article
• Authors: Festa, Giuseppe; Cuomo, Maria Teresa; Tortora, Debora; Metallo, Gerardino
• Is Part Of: International journal of globalisation and small business. Volume 8:Number 3(2016)
• Page Start: 239
• Page End: 250
• Publication Date: 2016
• Subjects: business management -- entrepreneurship -- equity -- project financing -- public-private partnerships -- PPPs -- small and medium-sized enterprises -- SMEs -- risks -- opportunities -- Europe -- financing initiatives -- operational management; Small business -- Periodicals; Globalization -- Periodicals; 338.642
• Languages: English
• ISSNs: 1479-3059

Abstract

This paper concerns project financing initiatives from a general perspective with a particular focus on small and medium enterprises, emphasising the importance of operational management for special purpose vehicles. In fact, this study, mainly from a theoretical point of view, focuses on business management as a strategic and operative flywheel for the successful functioning of project financing initiatives. In this way, small and medium enterprises can play an important role, even in public-private partnerships; although small and medium enterprises are usually not involved in public-private partnerships, they can be competitive in a different sense with respect to large enterprises simply by having more intense involvement in the management of special purpose vehicles. A focus on the role of small and medium enterprises in public-private partnerships in Europe, which are analysed through content analysis, shows evidence of significant opportunities, not only as subcontractors but also as attractors of innovative financing solutions.