Quantifying robustness in PFIs

Akbiyikli, R. (2005), “The holistic realisation of PFI road project objectives in the UK”, unpublished thesis, School of Construction and Property Management, University of Salford.

Akintoye, A. and Chinyio, E. (2005), “Private finance initiative in the healthcare sector: trends and risk assessment”, Engineering Contruction & Architectural Management, Vol. 12 No. 6, pp. 601‐16.

Akintoye, A., Taylor, C. and Fitzgerald, E. (1998), “Risk analysis and management of private finance initiative projects”, Engineering Contruction & Architectural Management, Vol. 5 No. 1, pp. 9‐21.

Arthur Andersen & LSE Enterprise (2000), Value for Money Drivers in the Private Finance Initiative, Arthur Andersen and Co, London.

Asenova, D. and Hood, J. (2006), “PFI and the implications of introducing new long‐term actors into public service delivery”, Public Policy and Administration, Vol. 21 No. 4, pp. 23‐40.

Asenova, D., Beck, M., Akintoye, A., Hardcastle, C. and Chinyio, E. (2002), “Partnership, value for money and best value in PFI projects: obstacles and opportunities”, Public Policy and Administration, Vol. 17 No. 5, pp. 5‐19.

Asenova, D., Beck, M., Akintoye, A., Hardcastle, C. and Chiyio, E. (2003), “Obstacles to best value in NHS PFI projects: evidence from two hospitals”, Journal of Finance and Management in Public Services, Vol. 4 No. 1, pp. 33‐49.

Ball, R. (2011), “Provision of public service infrastructure – the use of PPPs in the UK and Australia: a comparative study”, International Journal of Public Sector Management, Vol. 24 No. 1, pp. 5‐22.

Ball, R., Heafey, M. and King, D. (2004), “Risk management and the private finance initiative”, in Ghobadian, A., Gallear, D., O'Regan, N. and Viney, H. (Eds), Public‐Private Partnerships: Policy and Experience, Palgrave Macmillan, Hampshire.

Brinkerhoff, D.W. and Brinkerhoff, J.M. (2011), “Public‐private partnerships: perspectives on purposes, publicness, and good governance”, Public Administration and Development, Vol. 31 No. 1, pp. 2‐14.

Broadbent, J. and Laughlin, R. (2003a), “Control and legitimation in government accountability processes: the private finance initiative in the UK”, Critical Perspectives on Accounting, Vol. 14 Nos 1/2, pp. 23‐48.

Cabinet Office (2009), “Cabinet Office, office of the third sector: about us”, available at: www.cabinetoffice.gov.uk/third_sector/about_us.aspx.

Checkland, P. (1981), Systems Thinking, Systems Practice, Wiley, Chichester.

Corner, D. (2006), “The United Kingdom private finance initiative: the challenge of allocating risk”, OECD Journal on Budgeting, Vol. 5 No. 3, pp. 37‐55.

Coulson, A. (2008), “Value for money in PFI proposals: a commentary on the UK Treasury Guidelines for public sector comparators”, Public Administration, Vol. 86 No. 2, pp. 483‐98.

Das, T. and Kumar, R. (2010), “Regulatory focus and opportunism in the alliance development process”, Journal of Management, Vol. 37 No. 3, pp. 682‐708.

De Lemos, T. (2002), “Sustainable competitive advantage in PFI: a systematic and holistic approach to identify the CSFs in risk management in PFI, taking into account the whole life cycle”, unpublished thesis, School of Construction & Property Management, University of Salford.

Directive 2004/18/EC (2004), “Of the European Parliament and of the council on the coordination of procedures for the award of public works contracts, public supply contracts and public service contracts”, Official Journal of the European Union.

Dorn, N. and Levi, M. (2008), “Do European procurement rules generate or prevent crime?”, Journal of Financial Crime, Vol. 15 No. 3, pp. 243‐60.

Eaton, D. (2005), Quantifying Quality: A Report on PFI and the Delivery of Public Services, RICS, London.

Eaton, D. (2007), “Sustainable infrastructure developments: the case of public‐private partnerships (PPP)”, in Hromada, E. (Ed.), International Conference to Questions of the Sustainable Development of Regions (SD2007), Czech Technical University, Prague (keynote address).

Eaton, D. and Akbiyikli, R. (2008), “The effect of risk transfer on PPPs: an evaluation based on a UK road project”, in Davis, H.A. (Ed.), Infrastructure Finance Trends and Techniques, Euromoney Institutional Investor PLC, London, pp. 243‐66.

Eaton, D., Akbiyikli, R. and Dickinson, M. (2006), “An evaluation of the stimulants and impediments to innovation within PFI/PPP projects”, Construction Innovation, Vol. 6 No. 2, pp. 63‐77.

Equilibrium (2010), Wikipedia the Free Encyclopedia, available at: http://en.wikipedia.org/wiki/Equilibrium.

Froud, J. (2003), “The private finance initiative: risk, uncertainty and the state”, Accounting, Organizations and Society, Vol. 28 No. 6, pp. 567‐89.

Fuguitt, D. and Wilcox, S.J. (1999), Cost Benefit Analysis for Public Sector Decision Makers, Greenwood Publishing Group Inc., Westport, CT.

Gaffney, D. and Pollock, A.M. (1999), “Pump‐priming the PFI: why are privately financed hospital schemes being subsidised?”, Public Money & Management, Vol. 17 No. 3, pp. 11‐16.

Gallimore, P., Williams, W. and Woodward, D. (1997), “Perceptions of risk in the private finance initiative”, Journal of Property Finance, Vol. 8 No. 2, pp. 164‐76.

Ghobadian, A., Gallear, D., O'Regan, N. and Viney, H. (2004a), “PPP: the instrument for transforming the public services”, in Ghobadian, A., Gallear, D., O'Regan, N. and Viney, H. (Eds), Public‐Private Partnerships: Policy and Experiences, Palgrave Macmillian, Basingstoke, pp. 1‐11.

Ghobadian, A., Gallear, D., Viney, H. and O'Regan, N. (2004b), “Future of public private partnership”, in Ghobadian, A., Gallear, D., Viney, H. and O'Regan, N. (Eds), Public‐Private Partnerships, Palgrave Macmillan, Basingstoke, pp. 271‐300.

Grimsey, D. and Graham, R. (1997), “PFI in the NHS”, Engineering Contruction & Architectural Management, Vol. 4 No. 3, pp. 215‐31.

Grimsey, D. and Lewis, M.K. (2002), “Accounting for public private partnerships”, Accounting Forum, Vol. 26 Nos 3/4, pp. 245‐70.

Grimsey, D. and Lewis, M.K. (2005), “Are public private partnerships value for money? Evaluating alternative approaches and comparing academic and practitioner views”, Accounting Forum, Vol. 29 No. 4, pp. 345‐78.

Grimsey, D. and Lewis, M.K. (2007), “Public private partnerships and public procurement”, Agenda, Vol. 14 No. 2, pp. 171‐88.

Heald, D. (2002), “Value for money tests and accounting treatment in PFI schemes”, Accounting, Auditing & Accountability Journal, Vol. 16 No. 3, pp. 342‐71.

Hellowell, M. and Pollock, A.M. (2009), “Non‐profit distribution: the scottish approach to private finance in public services”, Social Policy & Society, Vol. 8 No. 3, pp. 405‐18.

HM Treasury (2000), Public Private Partnerships: The Government Approach, HMSO, London.

HM Treasury (2003), PFI: Meeting the Investment Challenge, HMSO, London.

HM Treasury (2006), PFI: Strengthening Long‐term Partnerships, HMSO, London.

HM Treasury (2007), 2007 Pre‐budget Report and Comprehensive Spending Review, HMSO, London.

HM Treasury (2008), Infrastructure Procurement: Delivering Long‐term Value, HMSO, London.

HM Treasury (2010a), HM Treasury Review of Competitive Dialogue, HMSO, London.

HM Treasury (2010b), PPP Technical Update, HMSO, London.

Kakabadse, N.K., Kakabadse, A.P. and Summers, N. (2007), “Effectiveness of private finance initiatives (PFI): study of private financing for the provision of capital assets for schools”, Public Administration and Development, Vol. 27 No. 1, pp. 49‐61.

Kirk, R.J. and Wall, A.P. (2001), “Substance, form and PFI contracts”, Public Money & Management, Vol. 21 No. 3, pp. 41‐6.

Kitano, H. (2004), “Biological robustness”, Nature Reviews Genetics, Vol. 5 No. 11, pp. 826‐37.

KPMG (2008), “Written submission to the Finance Committee”.

Kumaraswamy, M.M. and Zhang, X.Q. (2003), “Risk assessment and management in BOT‐type public private partnerships projects in China – with special reference to Hong Kong”, in Akintoye, A., Fitzgerald, E. and Hardcastle, C. (Eds), Public‐Private Partnerships: Managing Risks and Opportunities, Blackwell, Oxford, pp. 263‐84.

Lamb, D. and Merna, A. (2004), “Development and maintenance of a robust public sector comparator”, Journal of Structured & Project Finance, Vol. 10 No. 1, pp. 86‐95.

Lonsdale, C. (2005), “Post‐contractual lock‐in and the UK private finance initiative (PFI): the cases of National Savings and Investments and the Lord Chancellor's Department”, Public Administration, Vol. 83, pp. 67‐88.

Mohr, J. and Spekman, R. (1994), “Characteristics of partnership success: partnership attributes, communication behavior, and conflict resolution techniques”, Strategic Management Journal, Vol. 15 No. 2, pp. 135‐52.

NAO (2003), PFI: Construction Performance, National Audit Office, London.

NAO (2007), Improving the PFI Tendering Process, National Audit Office, London.

NAO (2010), Managing Complex Capital Investment Programmes Utilising Private Finance, NAO, London.

Nooteboom, B. (1996), “Trust, opportunism and governance: a process and control model”, Studies, Vol. 17 No. 6, pp. 985‐1010.

O'Dowd, A. (2011), “Watchdog warns over future use of private finance initiative”, BMJ, Vol. 342.

OGC (2008), Competitive Dialogue in 2008: OGC/HMT Joint Guidance on Using the Procedure, HMSO, London.

Oxford Dictionaries (2011a), Resilience, available at: http://oxforddictionaries.com/view/entry/m_en_gb0989000#m_en_gb0989000.

Oxford Dictionaries (2011b), Robustness, available at: http://oxforddictionaries.com/view/entry/m_en_gb0714590#m_en_gb0714590.009.

Pitt, M., Collins, N. and Walls, A. (2006), “The private finance initiative and value for money”, Journal of Property Investment & Finance, Vol. 24 No. 4, pp. 363‐73.

Pollock, A.M., Price, D. and Liebe, M. (2011), “Private finance initiatives during NHS austerity”, BMJ, Vol. 342.

Pollock, A.M., Price, D. and Player, S. (2007), “An examination of the UK Treasury's evidence base for cost and time overrun data in UK value‐for‐money policy and appraisal”, Public Money & Management, Vol. 27 No. 2, pp. 127‐34.

Reeves, E. (2003), “Public‐private partnerships in ireland: policy and practice”, Public Money & Management, Vol. 23 No. 3, pp. 163‐70.

Richmond, B. (1990), “Systems thinking: a critical set of critical thinking skills for the 90s and beyond”, System Dynamics, Vol. 90, p. 935.

Rufín, C. and Rivera‐Santos, M. (2010), “Between commonweal and competition: understanding the governance of public‐private partnerships”, Journal of Management, 18 June.

Sachs, T., Tiong, R. and Wang, S.Q. (2007), “Analysis of political risks and opportunities in public private partnerships (PPP) in China and selected Asian countries: survey results”, Chinese Management Studies, Vol. 1 No. 2, pp. 126‐48.

Shaoul, J. (2005), “A critical financial analysis of the private finance initiative: selecting a financing method or allocating economic wealth?”, Critical Perspectives on Accounting, Vol. 16 No. 4, pp. 441‐71.

Shaoul, J. (2009), “Using the private sector to finance capital expenditure: the financial realities”, in Akintoye, A. and Beck, M. (Eds), Policy, Finance & Management for Public Private Partnerships, Wiley, Chichester, pp. 27‐43.

Shaoul, J., Stafford, A. and Stapleton, P. (2011), “NHS capital investment and PFI: from central responsibility to local affordability”, Financial Accountability & Management, Vol. 27 No. 1, pp. 1‐17.

Simon, H.A. (1955), “A behavioral model of rational choice”, The Quarterly Journal of Economics, Vol. 69 No. 1, pp. 99‐118.

Simon, H.A. (1959), “Theories of decision‐making in economics and behavioral science”, The American Economic Review, Vol. 49 No. 3, pp. 253‐83.

Tjosvold, D. (1998), “Cooperative and competitive goal approach to conflict: accomplishments and challenges”, Applied Psychology, Vol. 47 No. 3, pp. 285‐313.

UNISON (2002), PFI: Failing Our Future – A Unison Audit of Private Finance Initiative, UNISON, London.

Vickers, J. (2005), “Abuse of market power”, The Economic Journal, Vol. 115 No. 504, pp. F244‐61.

Williamson, O. (1973), “Markets and hierarchies: some elementary considerations”, The American Economic Review, Vol. 63 No. 2, pp. 316‐25.

Wilson, D.I., Pelham, N. and Duffield, C.F. (2010), “A review of Australian PPP governance structures”, Journal of Financial Management of Property and Construction, Vol. 15 No. 3, pp. 198‐215.

Yescombe, E.R. (2007), Public Private Partnerships, 1st ed., Elsevier, Oxford.