A Practical Guide to Private Equity Transactions
A Practical Guide to Private Equity Transactions

Author: Geoff Yates

Publisher: Cambridge University Press

Published: 2010-02-18

Total Pages:

ISBN-13: 1139484192

DOWNLOAD EBOOK

This overview of a complex and often misunderstood subject takes the reader through the issues that are faced throughout the life cycle of a private equity investment, from the identification of an opportunity, through the various stages of the transaction and the lifetime of the investment, to the eventual exit by the investor. The analysis of key documentation and legal issues covers company law, employment law, pensions, taxation, debt funding and competition law, taking into account recent legal developments such as the Companies Act 2006, the recent emergence of private equity in the UK and the challenges faced by the industry as a result of the financial crisis.

Where Does the Public Sector End and the Private Sector Begin?
Where Does the Public Sector End and the Private Sector Begin?

Author: Ian Lienert

Publisher: International Monetary Fund

Published: 2009-06

Total Pages: 32

ISBN-13:

DOWNLOAD EBOOK

The real effective exchange rate (REER) is the most commonly used measure for assessing international competitiveness. We develop a methodology to estimate the REER that incorporates two distinctive elements that are not considered in the current literature and apply it to the Mediterranean Quartet (MQ) of Greece, Italy, Portugal, and Spain, whose common pattern of real appreciation has created concern in policy and academic circles. The two elements that we add to the existing literature are (i) product heterogeneity when identifying each country's international competitors and their weights and (ii) a comprehensive treatment of services exports. Our refined measure suggests a modest reduction in the observed REER gap between the MQ countries and the other euro area countries. In particular, considering product heterogeneity and services exports implies a lower real appreciation from 1998 to 2006 on the order of 2-3 percent for all MQ countries. These are difference-in-difference estimates relative to the results obtained for the rest of the euro area countries using the same methodology.

Public-Private Partnerships, Government Guarantees, and Fiscal Risk
Public-Private Partnerships, Government Guarantees, and Fiscal Risk

Author: Mr.Barry Anderson

Publisher: International Monetary Fund

Published: 2006-04-28

Total Pages: 104

ISBN-13: 9781589064935

DOWNLOAD EBOOK

Public-private partnerships (PPPs) refer to arrangements under which the private sector supplies infrastructure assets and infrastructure-based services that traditionally have been provided by the government. PPPs are used for a wide range of economic and social infrastructure projects, but they are used mainly to build and operate roads, bridges and tunnels, light rail networks, airports and air traffic control systems, prisons, water and sanitation plants, hospitals, schools, and public buildings. PPPs offer benefits similar to those offered by privatization, which is the sale of government-owned enterprises or assets. By the late 1990s, when privatization was losing much of its earlier momentum, PPPs began to be widely seen as a means of obtaining private sector capital and management expertise for infrastructure investment. After a modest start, a wave of PPPs is now beginning to sweep the world. This Special Issue paper provides an overview of some of the issues raised by PPPs, with a particular focus on their fiscal consequences. It also looks at government guarantees, which are used fairly widely to shield the private sector from risk and are a common feature of PPPs. And it examines the consequences of PPPs and guarantees for debt sustainability. The paper concludes with a list of measures that can maximize the benefits and minimize the fiscal risks associated with the use of PPPs. Various appendices augment the discussion by examining country experiences with PPPs, summarizing the statistical reporting framework used to discuss fiscal accounting and reporting, explaining accounting for risk transfer, examining how guarantees are modeled and estimated in Chile, and summarizing international accounting and reporting standards for contingent liabilities.

Public Private Partnerships
Public Private Partnerships

Author: G Ramesh

Publisher: Routledge

Published: 2014-04-03

Total Pages: 348

ISBN-13: 1317809602

DOWNLOAD EBOOK

The collection of papers brings out the complexities in PPP in terms of types, conceptualization, structure, institutions, and financing. It covers a broad sweep ranging from infrastructure to services and utilities; and from global to Indian states. The methodology is primarily empirical but the thrust is on conceptualization of PPP in its various forms and frameworks. PPP is still a practitioner’s field but is growing in size and significance; and as a solution to failures of public system and the consequent privatization. It is a major attraction to policy makers and funding agencies given its middle-of-the-road approach. It is likely to gain currency, but it is important that we get deeper understandings of this form before we place more faith in this. The papers in this book, selected from a conference on PPP held at the Indian Institute of Management Bangalore in 2008, raise several important conceptual issues and seek to address some of them.

The Economics of Private Institutions
The Economics of Private Institutions

Author: Eric Brousseau

Publisher:

Published: 2006

Total Pages: 0

ISBN-13:

DOWNLOAD EBOOK

Private institutions are complementary, both to contracts and the public and general institutions of a society, in that they allow agents to collectively coordinate (and so benefit from economies of scale, from learning effects, and from management of externalities), while avoiding over high maladaptation costs (since they can be adapted to the specificities of a category of transactions or of a community). They depend on a principle of voluntary adhesion. Their members agree to comply ex-post with a private order. Exit can therefore hinder enforcement, potentially calling for reinforcement by public institutions. From a dynamic perspective, private institutions are the driving force of changes to institutional frameworks. They are set up to complete (or bypass) existing institutional frameworks. With the passing of time, an increasing number of economic agents can adopt a given private institution, making its order less negotiated and increasingly mandatory. In line with the Barzel-North study of property rights, we believe private institutions have an impact both on the costs of creating coordination rules and on the enforcement costs of these rules. Therefore, we reveal, both in static and dynamic, firstly, the rationale behind the creation of private institutions (or a private collective order), secondly, how agents prefer to rely on a combination of various coordination devices, that compensating for each other's weaknesses, to settle their coordination problems by minimizing transaction costs.

EDI and Data Networking in the Public Sector
EDI and Data Networking in the Public Sector

Author: Kim Viborg Andersen

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 345

ISBN-13: 146155487X

DOWNLOAD EBOOK

When researching, teaching or working with information systems in the public sector, one is left with few or often no textbooks that provide useful case studies or surveys on the implementation and effects of integrating information technologies in the organizations' operations. This is surprising since in most first world countries the public sector consumes a substantial part of the gross national product. Even more astonishing is the vast amount of financial and organizational resources that are spent developing and implementing various information systems. We decided to write this book to provide information for those studying information systems at business schools, information and computer departments at collegesl universities, and for those working hands-on with EDI and data networking in public administration. Thus, our primary target groups for this book are professionals, training (MA-courses), computer science, MBA, MP A, and political science. EDI has been seen as a means to wire the various policy areas in the public sector. Those included are not limited strictly to the public organizations, but extend to their trade partners. Also, government has sought ways to stimulate the usage of ED I in the private sector beyond those transactions involving direct communication with the public sector. In this book, we have contributors from eight countries and a total of 14 chapters reporting on issues of importance when developing and implementing EDI, when government wants to stimulate the diffusion of EDI in society, and when organizations want to address the impact of their investments in ED!.