Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 5 results ...

Boyd, D (2021) A critical inquiry into the hyperreality of digitalization in construction. Construction Management and Economics, 39(07), 549–64.

Connaughton, J N and Collinge, W H (2021) Trialling a new approach to interdisciplinary collaboration in UK construction: A projects-as-practice analysis. Construction Management and Economics, 39(07), 595–616.

Gerding, D P, Wamelink, H ( W F and Leclercq, E M (2021) Implementing circularity in the construction process: a case study examining the reorganization of multi-actor environment and the decision-making process. Construction Management and Economics, 39(07), 617–35.

Wang, X, Wang, B, Xu, Y and Shi, L (2021) A chance constrained programming method to determine optimal capital structure for privatized infrastructure. Construction Management and Economics, 39(07), 579–94.

  • Type: Journal Article
  • Keywords: PPP Projects; Capital Structure; Chance-constrained Programming;
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446193.2021.1930081
  • Abstract:
    Capital structure optimization is an important aspect to ensure the success of public–private partnership (PPP) financing. Existing optimization methods fail to provide certain confidence level of the optimization result of PPP capital structure. The aim of this paper to optimize the capital structure of PPP projects by developing a chance-constrained programming (CCP) method with a certain confidence level under project risks. The results show that compared with existing methods, CCP method yields a greater optimal equity share, smaller NPV value, and higher confidence level depending on private sector’s risk preference. Besides, the optimal equity share is mainly determined by banks’ requirement and government regulation on commitment and it shrinks as banks’ risk preference grows. Theoretical calculation and simulation technique were adopted to make the result more convincing. The paper can help the private sector to more reasonably and reliably determine the optimal capital structure according to their risk preference.

Zulu, S L and Khosrowshahi, F (2021) A taxonomy of digital leadership in the construction industry. Construction Management and Economics, 39(07), 565–78.