Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects
This research aims to analyze alternative models of public financing in the Public-Private Partnership (PPP) scheme involving the government and the corporate sector. This research utilizes a qualitative research method with a content analysis data collection methodology to examine the limitations a...
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| Format: | Article |
| Language: | English |
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Universitas Medan Area
2024-04-01
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| Series: | Perspektif: Jurnal Ilmu-ilmu Sosial |
| Subjects: | |
| Online Access: | https://ojs.uma.ac.id/index.php/perspektif/article/view/10767 |
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| _version_ | 1846160868113383424 |
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| author | Septi Wulandari Esa Septian |
| author_facet | Septi Wulandari Esa Septian |
| author_sort | Septi Wulandari |
| collection | DOAJ |
| description | This research aims to analyze alternative models of public financing in the Public-Private Partnership (PPP) scheme involving the government and the corporate sector. This research utilizes a qualitative research method with a content analysis data collection methodology to examine the limitations and shortcomings of PPPs. The findings of this study indicate that Public-Private Partnerships (PPPs) have shown a persistent pattern of failure, leading to continuous renegotiation between the government and the private sector. The implementation of PPPs carries risks that can lead to a loss of public oversight of PPP initiatives. The government's lack of experience in making judgments that can carry political risk also plays a role. The PPP model sets a higher cost of capital, which causes the private sector to charge higher tariffs to customers, possibly resulting in a monopoly by private companies. PPPs have imposed a burden on the state and faced opposition to privatization due to a lack of understanding among parties involved in state-owned enterprises (SOEs). The government lacks transparency in decision-making regarding privatization and fails to provide adequate information to stakeholders involved in SOE privatization. Government decision-making on privatization lacks transparency and does not follow established processes and procedures. |
| format | Article |
| id | doaj-art-bc632b0e33fb49ce977838a771451c37 |
| institution | Kabale University |
| issn | 2085-0328 2684-9305 |
| language | English |
| publishDate | 2024-04-01 |
| publisher | Universitas Medan Area |
| record_format | Article |
| series | Perspektif: Jurnal Ilmu-ilmu Sosial |
| spelling | doaj-art-bc632b0e33fb49ce977838a771451c372024-11-21T17:32:28ZengUniversitas Medan AreaPerspektif: Jurnal Ilmu-ilmu Sosial2085-03282684-93052024-04-0113236537210.31289/perspektif.v13i2.1076710886Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership ProjectsSepti Wulandari0Esa Septian1Universitas BojonegoroUniversitas BojonegoroThis research aims to analyze alternative models of public financing in the Public-Private Partnership (PPP) scheme involving the government and the corporate sector. This research utilizes a qualitative research method with a content analysis data collection methodology to examine the limitations and shortcomings of PPPs. The findings of this study indicate that Public-Private Partnerships (PPPs) have shown a persistent pattern of failure, leading to continuous renegotiation between the government and the private sector. The implementation of PPPs carries risks that can lead to a loss of public oversight of PPP initiatives. The government's lack of experience in making judgments that can carry political risk also plays a role. The PPP model sets a higher cost of capital, which causes the private sector to charge higher tariffs to customers, possibly resulting in a monopoly by private companies. PPPs have imposed a burden on the state and faced opposition to privatization due to a lack of understanding among parties involved in state-owned enterprises (SOEs). The government lacks transparency in decision-making regarding privatization and fails to provide adequate information to stakeholders involved in SOE privatization. Government decision-making on privatization lacks transparency and does not follow established processes and procedures.https://ojs.uma.ac.id/index.php/perspektif/article/view/10767public-private partnershipsprivatizationstate-owned enterprises |
| spellingShingle | Septi Wulandari Esa Septian Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects Perspektif: Jurnal Ilmu-ilmu Sosial public-private partnerships privatization state-owned enterprises |
| title | Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects |
| title_full | Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects |
| title_fullStr | Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects |
| title_full_unstemmed | Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects |
| title_short | Public Financing Model Through Long-Term Contractual Agreements for Public-Private Partnership Projects |
| title_sort | public financing model through long term contractual agreements for public private partnership projects |
| topic | public-private partnerships privatization state-owned enterprises |
| url | https://ojs.uma.ac.id/index.php/perspektif/article/view/10767 |
| work_keys_str_mv | AT septiwulandari publicfinancingmodelthroughlongtermcontractualagreementsforpublicprivatepartnershipprojects AT esaseptian publicfinancingmodelthroughlongtermcontractualagreementsforpublicprivatepartnershipprojects |