Risk management of public-private partnership within the implementation of joint social programs: accounting aspect
The article clarifies that public-private partnership is one of the long-term forms of public-private cooperation aimed at gaining both economic and social benefits in the future. In the course of the research, public-private partnership risks were identified and systematized, and it was argued that...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Zhytomyr Polytechnic State University
2020-04-01
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| Series: | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
| Subjects: | |
| Online Access: | http://pbo.ztu.edu.ua/article/view/203122/203057 |
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| _version_ | 1849413279778078720 |
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| author | S.F. Legenchuk I.M. Vygivska G.Yu. Khomenko |
| author_facet | S.F. Legenchuk I.M. Vygivska G.Yu. Khomenko |
| author_sort | S.F. Legenchuk |
| collection | DOAJ |
| description | The article clarifies that public-private partnership is one of the long-term forms of public-private cooperation aimed at gaining both economic and social benefits in the future. In the course of the research, public-private partnership risks were identified and systematized, and it was argued that the degree of public-private risk transfer within the framework of their cooperation had a direct impact on the costs of partners, and thus could result in savings for business partners. The elements of accounting organization regarding the regulation of risks of public-private partnership (identification of potential risks of partnership, calculation of degree of potential risks of partnership, conclusion of the contract on public-private partnership, distribution of risks between partners, methods of managing risks of partnership) are characterized. It is proposed to distribute risks between partners across the three risk groups: 1) risks that are most often accepted by the private party; 2) risks that most often relate to public partner management; 3) risks that are common to both partners. The proposals developed help to form a partner risk sharing card and take into account the principle of optimal risk control by one partner. |
| format | Article |
| id | doaj-art-74bc50ae49d840bd95febe58460f73d8 |
| institution | Kabale University |
| issn | 1994-1749 2708-4957 |
| language | English |
| publishDate | 2020-04-01 |
| publisher | Zhytomyr Polytechnic State University |
| record_format | Article |
| series | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
| spelling | doaj-art-74bc50ae49d840bd95febe58460f73d82025-08-20T03:34:09ZengZhytomyr Polytechnic State UniversityПроблеми теорії та методології бухгалтерського обліку, контролю і аналізу1994-17492708-49572020-04-01145414710.26642/pbo-2020-1(45)-41-47Risk management of public-private partnership within the implementation of joint social programs: accounting aspectS.F. Legenchukhttps://orcid.org/0000-0002-3975-1210I.M. Vygivskahttps://orcid.org/0000-0002-4974-5834G.Yu. Khomenko The article clarifies that public-private partnership is one of the long-term forms of public-private cooperation aimed at gaining both economic and social benefits in the future. In the course of the research, public-private partnership risks were identified and systematized, and it was argued that the degree of public-private risk transfer within the framework of their cooperation had a direct impact on the costs of partners, and thus could result in savings for business partners. The elements of accounting organization regarding the regulation of risks of public-private partnership (identification of potential risks of partnership, calculation of degree of potential risks of partnership, conclusion of the contract on public-private partnership, distribution of risks between partners, methods of managing risks of partnership) are characterized. It is proposed to distribute risks between partners across the three risk groups: 1) risks that are most often accepted by the private party; 2) risks that most often relate to public partner management; 3) risks that are common to both partners. The proposals developed help to form a partner risk sharing card and take into account the principle of optimal risk control by one partner.http://pbo.ztu.edu.ua/article/view/203122/203057public-private partnershipsocial programspublic-private partnership risksprivate businessaccounting managementpublic-private partnership risk management |
| spellingShingle | S.F. Legenchuk I.M. Vygivska G.Yu. Khomenko Risk management of public-private partnership within the implementation of joint social programs: accounting aspect Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу public-private partnership social programs public-private partnership risks private business accounting management public-private partnership risk management |
| title | Risk management of public-private partnership within the implementation of joint social programs: accounting aspect |
| title_full | Risk management of public-private partnership within the implementation of joint social programs: accounting aspect |
| title_fullStr | Risk management of public-private partnership within the implementation of joint social programs: accounting aspect |
| title_full_unstemmed | Risk management of public-private partnership within the implementation of joint social programs: accounting aspect |
| title_short | Risk management of public-private partnership within the implementation of joint social programs: accounting aspect |
| title_sort | risk management of public private partnership within the implementation of joint social programs accounting aspect |
| topic | public-private partnership social programs public-private partnership risks private business accounting management public-private partnership risk management |
| url | http://pbo.ztu.edu.ua/article/view/203122/203057 |
| work_keys_str_mv | AT sflegenchuk riskmanagementofpublicprivatepartnershipwithintheimplementationofjointsocialprogramsaccountingaspect AT imvygivska riskmanagementofpublicprivatepartnershipwithintheimplementationofjointsocialprogramsaccountingaspect AT gyukhomenko riskmanagementofpublicprivatepartnershipwithintheimplementationofjointsocialprogramsaccountingaspect |