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The probability of the completion risk (ρ).

The probability of the completion risk (ρ).

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The probability of the completion risk (ρ).
Volatility (σ).
Risk-free interest rate (r).
Expected rate of return (μ).
Tax rate (τ).
The Effect of Completion Risk and Project Profitability on the Investment Decisions of the Private Sector in PPP Projects
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  • Feb 2022
Public-private partnership (PPP) is becoming increasingly popular around the world for the development of infrastructure. However, it is vital that the private sector knows how to make its investment decisions, especially when it bears the burden of completion risk, and the cash flow of PPP projects is hard to predict. In previous studies, completi...
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