Publication: Re-Engineering Investment in Students’ Accommodation in Public Universities through Public-Private Partnerships in Kenya
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2015
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Mount Kenya University
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Abstract
The purpose of the study was to evaluate the role of PPP in investment in student
accommodation in public universities in Kenya. The investigative issue was whether
the perceived bridging of the financing gap and risk sharing occasioned by PPP
has any effect on investment in student accommodation. The study employed a
survey research design and both multinomial ordinal logistic regression analysis
and factor analysis. The population comprised 115 university staff and 42 investors.
34 respondents from universities’ upper and middle management and 6 investors
were sampled. The study’s findings indicate that while bridging of financing gap
occasioned by PPP does not have a statistically significant effect on investment in
student accommodation at 5 percent significance level, it does have a positive effect.
Amongst the indicators of risk sharing, both skills and expertise and types of risk
were found to have a significant effect on investment of student accommodation.
Generally however, though risk sharing through PPP was found to have a positive
effect, this effect was not statistically significant in influencing the investment in
student accommodation at 5 percent significance level. Factor analysis results showed
that PPP model choice is highly influenced by policy guidelines and investment cost.
Universities therefore need to put in place clear policy guidelines on PPPs spelling
out the how the different types of risk are shared and the level of skills and expertise
required. Future research may be done to evaluate the role that PPP could play in
the development of on other infrastructural projects in public universities in Kenya
besides investment in student’s accommodatio
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Keywords
PPP,, student accommodation,, Rrisk sharing,, Finance,, public university and private investors