... to another. © Emerald Group Publishing Limited 2012 Public private partnership Private finance initiative Public sector accounting Public sector investment Value for money Private finance Partnership It has been over a decade since Broadbent and Laughlin initially outlined...

...Jean Shaoul; Anne Stafford; Pam Stapleton Purpose This paper aims to examine empirically whether the system of public expenditure reporting is capable of delivering financial accountability, focusing on the UK government's use of private finance for roads. Design/methodology/approach Publicly...

...David Heald In Private Finance Initiative (PFI) projects, value for money (VFM) tests and accounting treatment are distinct but related issues. VFM analysis should be concerned with total risk, not just with the sharing of risk, which dominates the accounting treatment decision. A framework...

...Brian A. Rutherford An episode in the development of accounting for Private Finance Initiative (PFI) scheme transactions is explored from a social constructionist perspective. The “carrying” of meanings between sub‐worlds of the financial accounting world through social processes, principally...

...Jane Broadbent; Jas Gill; Richard Laughlin This paper seeks to develop a system of how to judge the merit and worth of Private Finance Initiative (PFI) projects in the UK National Health Service (NHS) once they are operational. This concern is couched in relation to whether PFI can be seen...

... and private sectors working together in partnership to provide public services. This special issue of the Accounting, Auditing & Accountability Journal explores this new development, which, in its most advanced form, is contained in the UK’s Private Finance Initiative (PFI) but is now spreading...

... research question: “what is the nature of PFI and who is regulating its application?” to frame an analysis of the complex relationships between steering media and steering mechanisms in determining the operation of privately financed projects (PFP) in Australia. A secondary, but related concern...