Drivers of value for money public private partnership projects in Malaysia

Purpose – The purpose of this paper are twofold. First, it aims to investigate the factors that enhance the VFM achieved from PPP projects in Malaysia. Second, it aims to examine the differences in the perceptions of public and private sectors pertaining to the VFM factors of PPP implementation in M...

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Main Author: Ismail, Suhaiza
Format: Article
Language:English
Published: Emerald Group Publishing Limited 2013
Subjects:
Online Access:http://irep.iium.edu.my/31821/1/ARA21%283%292013.pdf
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author Ismail, Suhaiza
author_facet Ismail, Suhaiza
author_sort Ismail, Suhaiza
collection IIUM
description Purpose – The purpose of this paper are twofold. First, it aims to investigate the factors that enhance the VFM achieved from PPP projects in Malaysia. Second, it aims to examine the differences in the perceptions of public and private sectors pertaining to the VFM factors of PPP implementation in Malaysia. Design/methodology/approach – A questionnaire survey was used to elicit the perceptions of the public and private sectors concerning the VFM drivers for PPP projects in Malaysia; 122 usable responses were obtained and analysed using SPSS to rank the importance of the factors and to examine the differences in the perceptions between the government and private sectors. Findings – The results reveal that two factors are perceived as “most important” to enhance the achievement of VFM for PPP implementation in Malaysia – “private sector technical innovation” and “competitive tender”. In terms of the differences in the perceptions of the public and private sectors concerning the level of importance of the VFM drivers, the results reveal that there are significant differences for half of the VFM factors. Originality/value – The exclusive contribution of this paper is that it highlights not only the factors that enhancing the VFM achievement for PPP projects in Malaysia, but also offers evidence concerning the differences in the perceptions of public and private sectors pertaining to the importance of the VFM factors.
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spelling oai:generic.eprints.org:318212013-09-26T01:43:06Z http://irep.iium.edu.my/31821/ Drivers of value for money public private partnership projects in Malaysia Ismail, Suhaiza HJ9701 Public accounting Purpose – The purpose of this paper are twofold. First, it aims to investigate the factors that enhance the VFM achieved from PPP projects in Malaysia. Second, it aims to examine the differences in the perceptions of public and private sectors pertaining to the VFM factors of PPP implementation in Malaysia. Design/methodology/approach – A questionnaire survey was used to elicit the perceptions of the public and private sectors concerning the VFM drivers for PPP projects in Malaysia; 122 usable responses were obtained and analysed using SPSS to rank the importance of the factors and to examine the differences in the perceptions between the government and private sectors. Findings – The results reveal that two factors are perceived as “most important” to enhance the achievement of VFM for PPP implementation in Malaysia – “private sector technical innovation” and “competitive tender”. In terms of the differences in the perceptions of the public and private sectors concerning the level of importance of the VFM drivers, the results reveal that there are significant differences for half of the VFM factors. Originality/value – The exclusive contribution of this paper is that it highlights not only the factors that enhancing the VFM achievement for PPP projects in Malaysia, but also offers evidence concerning the differences in the perceptions of public and private sectors pertaining to the importance of the VFM factors. Emerald Group Publishing Limited 2013 Article PeerReviewed application/pdf en http://irep.iium.edu.my/31821/1/ARA21%283%292013.pdf Ismail, Suhaiza (2013) Drivers of value for money public private partnership projects in Malaysia. Asian Review of Accounting, 21 (3). pp. 241-256. ISSN 1321-7348 http://www.emeraldinsight.com/1321-7348.htm 10.1108/ARA-06-2013-0042
spellingShingle HJ9701 Public accounting
Ismail, Suhaiza
Drivers of value for money public private partnership projects in Malaysia
title Drivers of value for money public private partnership projects in Malaysia
title_full Drivers of value for money public private partnership projects in Malaysia
title_fullStr Drivers of value for money public private partnership projects in Malaysia
title_full_unstemmed Drivers of value for money public private partnership projects in Malaysia
title_short Drivers of value for money public private partnership projects in Malaysia
title_sort drivers of value for money public private partnership projects in malaysia
topic HJ9701 Public accounting
url http://irep.iium.edu.my/31821/1/ARA21%283%292013.pdf
work_keys_str_mv AT ismailsuhaiza driversofvalueformoneypublicprivatepartnershipprojectsinmalaysia