Ryzyko w partnerstwie publiczno-prywatnym w teorii finansów publicznych i w praktyce
Risk in public-private partnership in the theory of public finance and in practice

Summary/Abstract: The research objective of the project is to extend the theoretical basis of risk management in the public sector. The author hypothesizes that the existing theories of finance, the public choice theory and the concept of New Public Management create insufficient conditions for risk management in the public finance sector entities and associated structures of public-private partnership. As shown by the experience of recent years, the theory of financial markets as regards its operators has not yet developed a widely accepted model of risk management. In addition, the public choice theory and the concept of New Public Management do not fully illustrate the essence of risk management in the public sector, especially in capital structures where a private entity partners a public one. Thus, those theories are not sufficiently effective in substantiating the principles of risk management in the area of public finance or making decisions which entail increased social welfare. The hypothesis propels in-depth research of the global current scientific achievements in the area of the theory of risk management in public entities, including public-private partnership.

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