Σύμπραξη δημοσίου και ιδιωτικού τομέα - Αξιολόγηση επένδυσης βάσει εμπειρικής μελέτης
Public and private partnerships - Evaluation of investment based on an experimenntal study
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Keywords
Δημόσια έργα ; Μέθοδοι αποτίμησης ; Επενδύσεις ; Σύμπραξεις Δημοσίου και Ιδιωτικού Τομέα (ΣΔΙΤ) ; Public Private Partnership (PPP) ; Αποτίμηση ; Αξιολόγηση επενδυτικών κεφαλαίωνAbstract
This diploma thesis deals with the study and evaluation of a large investment through .
PPPs are presented globally as a method of public coverage requirements for the construction of major infrastructure projects and services with ever-expanding application in various sectors. This alternative way of producing public works has been applied globally since the 1980s, but in our country it is a relatively "new" institution of investment. The shareholders of such an investment have the need to evaluate this partnership in order to take appropriate investment and business decisions.
In the first section of the present thesis is a theoretical approach of the institution of PPPs and the various methods of valuation of an investment, indicating the investment criteria for its evaluation. In this part, there are various terms, characteristics and a variety of alternative forms of PPPs, and also the strengths and weaknesses of its application are highlighted. Furthermore, it describes the various methods of valuing a company and evaluating investment funds, which are key tools for financial analysts and help shareholders to make strategic decisions for further investment.
The second section is followed by the evaluation of the investment funds of Olympia Odos SA, a company that is a typical example of a Private - Public Partnership in the form of the Concession. Olympia Odos is the Elefsina-Corinth-Patras motorway and is one of the largest works of Greece. This section describes the structure and purpose of the company and becomes an empirical evaluation of this investment using the MIRR method according to its published financial statements.