Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 52-70 |
| Seitenumfang | 19 |
| Fachzeitschrift | Built Environment Project and Asset Management |
| Jahrgang | 11 |
| Ausgabenummer | 1 |
| Frühes Online-Datum | 22 Okt. 2020 |
| Publikationsstatus | Veröffentlicht - 26 Feb. 2021 |
Abstract
Purpose: Privatization is a complex issue in many developing countries; therefore, it is vital to examine the obstacles that prevent its proper implementation. The goal of this study is to identify and analyze the barriers to private sector investment in the Water and Sewage Industry (WSI) and to suggest effective ways to attract the private investors to this sector. Design/methodology/approach: The obstacles to private sector investment in the WSI were identified by conducting a desktop literature review and interviewing an expert panel, using the fuzzy Delphi technique. The most important barriers were identified and categorized. A structured survey was then developed and distributed to private sector investment experts. The Fuzzy Analytic Hierarchy Process (FAHP) was applied to further examine the responses and to rank the identified barriers. Findings: The results showed that the greatest barrier to privatization is the weakness of insurance companies in controlling investment risks, and the second greatest barrier is the weakness of the country's capitalist culture. A review of recent success stories revealed that these barriers can be overcome with transparent price policies and increased interaction between the public and private sectors, which motivate private investors to invest in the WSI. Originality/value: The elicitation of this study can be useful to both private and public sectors for the development of infrastructure projects, particularly for the WSI.
ASJC Scopus Sachgebiete
- Ingenieurwesen (insg.)
- Tief- und Ingenieurbau
- Entscheidungswissenschaften (insg.)
- Managementlehre und Operations Resarch
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in: Built Environment Project and Asset Management, Jahrgang 11, Nr. 1, 26.02.2021, S. 52-70.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - Barriers to development of private sector investment in water and sewage industry
AU - Sarvari, Hadi
AU - Chan, Daniel W. M.
AU - Banaitiene, Nerija
AU - Noor, Norhazilan Md
AU - Beer, Michael
PY - 2021/2/26
Y1 - 2021/2/26
N2 - Purpose: Privatization is a complex issue in many developing countries; therefore, it is vital to examine the obstacles that prevent its proper implementation. The goal of this study is to identify and analyze the barriers to private sector investment in the Water and Sewage Industry (WSI) and to suggest effective ways to attract the private investors to this sector. Design/methodology/approach: The obstacles to private sector investment in the WSI were identified by conducting a desktop literature review and interviewing an expert panel, using the fuzzy Delphi technique. The most important barriers were identified and categorized. A structured survey was then developed and distributed to private sector investment experts. The Fuzzy Analytic Hierarchy Process (FAHP) was applied to further examine the responses and to rank the identified barriers. Findings: The results showed that the greatest barrier to privatization is the weakness of insurance companies in controlling investment risks, and the second greatest barrier is the weakness of the country's capitalist culture. A review of recent success stories revealed that these barriers can be overcome with transparent price policies and increased interaction between the public and private sectors, which motivate private investors to invest in the WSI. Originality/value: The elicitation of this study can be useful to both private and public sectors for the development of infrastructure projects, particularly for the WSI.
AB - Purpose: Privatization is a complex issue in many developing countries; therefore, it is vital to examine the obstacles that prevent its proper implementation. The goal of this study is to identify and analyze the barriers to private sector investment in the Water and Sewage Industry (WSI) and to suggest effective ways to attract the private investors to this sector. Design/methodology/approach: The obstacles to private sector investment in the WSI were identified by conducting a desktop literature review and interviewing an expert panel, using the fuzzy Delphi technique. The most important barriers were identified and categorized. A structured survey was then developed and distributed to private sector investment experts. The Fuzzy Analytic Hierarchy Process (FAHP) was applied to further examine the responses and to rank the identified barriers. Findings: The results showed that the greatest barrier to privatization is the weakness of insurance companies in controlling investment risks, and the second greatest barrier is the weakness of the country's capitalist culture. A review of recent success stories revealed that these barriers can be overcome with transparent price policies and increased interaction between the public and private sectors, which motivate private investors to invest in the WSI. Originality/value: The elicitation of this study can be useful to both private and public sectors for the development of infrastructure projects, particularly for the WSI.
KW - Fuzzy analytic hierarchy process (FAHP)
KW - Iran
KW - Private investment
KW - Private sector
KW - Privatization
KW - Water and sewage industry
UR - http://www.scopus.com/inward/record.url?scp=85092778192&partnerID=8YFLogxK
U2 - 10.1108/BEPAM-11-2019-0110
DO - 10.1108/BEPAM-11-2019-0110
M3 - Article
AN - SCOPUS:85092778192
VL - 11
SP - 52
EP - 70
JO - Built Environment Project and Asset Management
JF - Built Environment Project and Asset Management
SN - 2044-124X
IS - 1
ER -