Publication of Prof. Dr. İstemi Demirağ!

 ”Voluntary Disclosure and Transparency of Special Purpose Vehicles in Public-Private Partnerships“ by Hla Thel Phyu and Istemi Demirag
How transparent are Special Purpose Vehicles (SPVs) in Public-Private Partnerships (PPPs)? Drawing on Bourgeois Political Economy Theory (BPET), this study examines voluntary financial and environmental disclosures of SPVs in the UK’s Private Finance Initiative (PFI) road projects.