2020
DOI: 10.3390/su12177121
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Critical Success Factors for Sustainable Public-Private Partnership (PPP) in Transition Conditions: An Empirical Study in Bosnia and Herzegovina

Abstract: In the initial stages of the adoption and institutionalization of Public-Private Partnerships (PPPs), national governments of transitional economies have accepted, developed, and organized Public-Private Partnerships with varying degrees of success. This study aims to investigate the critical success factors (CSFs) influencing the establishment of a sustainable Public-Private Partnership in transition conditions. In the first part of the paper, based on an extensive review of the literature, previous studies a… Show more

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Cited by 24 publications
(26 citation statements)
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“…A conducive climate must be created to attract several lending institutions and financers to form a consortium to meet the financial demands of the project (Cheng et al , 2021). A strong partnership between local and international investors must be a priority to raise enough funds for the project (Amović et al , 2020). Project managers must be honest in divulging relevant financial information on financial risks to stakeholders (Ng et al , 2012).…”
Section: Resultsmentioning
confidence: 99%
“…A conducive climate must be created to attract several lending institutions and financers to form a consortium to meet the financial demands of the project (Cheng et al , 2021). A strong partnership between local and international investors must be a priority to raise enough funds for the project (Amović et al , 2020). Project managers must be honest in divulging relevant financial information on financial risks to stakeholders (Ng et al , 2012).…”
Section: Resultsmentioning
confidence: 99%
“…Likert scale and statistical analyses including descriptive analysis, Cronbach's alpha reliability tests, one-way analysis of variance and factor analysis were used. Factor analysis was used in [17]. At the same time, they used principal component analysis and the Varimax method with Kaiser normalisation.…”
Section: Review Of Applied Research Methodsmentioning
confidence: 99%
“…It ranks highest (18th) according to the R 2 and MAD criteria, and lowest (42nd) according to the AICc criterion 17. The linear correlation coefficient between variables 5 and 6 is 0.995.…”
mentioning
confidence: 99%
“…Therefore, increasing public awareness, sensitivity, and capacity can aid PPP initiatives. g) Establishment of a credible PPP Unit Establishing a PPP unit demonstrates a private partner's PPP expertise and commitment (Amovi c et al, 2020;Farquharson and Yescombe, 2011). According to the Economic and Social Council of the United Nations, successful PPPs require national governmental support.…”
Section: E) Comprehensive Comparative Analysismentioning
confidence: 99%