Community Development and Social Impact

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• DUYGU TÜRKER ÖZMEN

Purpose The UK government argues that the benefits of public private partnership (PPP) in delivering public infrastructure stem from transferring risks to the private sector within a structure in which financiers put their own capital at risk, and the performance‐based payment mechanism, reinforced by the due diligenc…

This paper seeks to develop a system for evaluating the implications of accountability and value-for-money (VFM) decisions in private finance initiative (PFI) projects from initiation through set-up, implementation and internal and external monitoring. By reviewing the extant literature on accountability and VFM, a mo…

We study financial efficiency in the nonprofit sector and document that organizations that rely mainly on commercial revenues are more efficient in managing their overhead and administrative expenses compared with nonprofits that rely mainly on donations. We also record a positive relationship between the extent of a…

• SİNAN SARPÇA

This study presents a proof-of-concept focusing on sustainable crowdfunding models for renewables as alternatives to conventional financing instruments and proposes a Philanthropic-Crowdfunding-Partnership (PCP) model. In this regard, this research investigates social welfare by evaluating the change in wealth inequal…

• İBRAHİM ARI

Research on risk management in Public Private Partnerships (PPPs) has largely overlooked that the Special Purpose Vehicle (SPV) is made up of several project partners with different interests and objectives to manage risk. This paper makes an important contribution to this literature as it articulates SPV partners’ pe…

• ŞEFİK İSTEMİHAN DEMİRAĞ

Private Finance is one method of financing large-scale, capital intensive projects, in which traditionally only the cash flows generated by the project serve as the source of loan repayment and only the project assets serve as collateral for a non-recourse loan. An important aspect of this form of project finance is t…

This study focuses mainly on the financiers in the network of organisations that are involved with the delivery of projects under the private finance initiative (PFI) in the UK. The study examines the financiers’ perceptions of the risks involved in the investment of equity and senior debt in PFI projects.The research…

Social entrepreneurship has a long history of practice worldwide. However, the concept has become widely popular among researchers over the last two decades. Despite this popularity, less is known about the process, which leads to becoming a social entrepreneur. Barendsen and Gardner's study shows that many social ent…

• NURGÜL KELEŞ TAYŞİR

In this study, we aimed to reveal the multidimensional structure of NPO effectiveness by compiling the different effectiveness dimensions that were used by NPO effectiveness researchers. After compiling these dimensions, we conducted research to analyze the extent to which the literature represents the social reality.…

• NURGÜL KELEŞ TAYŞİR

Utilizing evidence from a United Kingdom (UK) road case study Private Finance Initiative (PFI) project, this article considers how the UK central government's infrastructure strategy is operationalized through accounting‐based performance measures and incentive systems, and articulates how the adoption of such systems…

• ŞEFİK İSTEMİHAN DEMİRAĞ