Purpose

The objective of this systematic literature review (SLR) is to outline the existing research in the field of infrastructure project finance (IPF). This paper aims to summarise the academic and practitioner research to highlight the benefits of adopting IPF structures in uncertain environments. By highlighting all conceptual and applied implications of IPF, the study identifies future research directions to develop a holistic understanding of IPF.

Design/methodology/approach

The SLR is based on 125 articles published in peer-reviewed journals during 1975–2019. After providing a brief overview of IPF, research methodology and citation, publication and author analysis, the SLR presents the various domains around which existing research in IPF is focussed and provides future research propositions in each domain.

Findings

The study found that despite the increased usage of IPF, academic and practitioner research in the field is lagging. Also, with increased usage of IPF in emerging and under-developed economies, IPF structure presents a perfect setting to understand how investment and financing are interlinked and how to overcome the institutional voids, socio-economic risks and inter-partner differences by IPF structures.

Originality/value

This literature review paper is based on the research in IPF between 1975 and 2019. To the best of the authors’ understanding, the SLR is the first focussed study detailing a methodical and thorough compendium of existing studies in the IPF domain. By focussing on various domains of IPF research, this paper presents future research avenues in the field.

中文翻译：

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基础设施项目融资：系统性文献综述和未来研究方向

目的

本系统文献综述 (SLR) 的目的是概述基础设施项目融资 (IPF) 领域的现有研究。本文旨在总结学术和从业者的研究，以突出在不确定环境中采用 IPF 结构的好处。通过强调 IPF 的所有概念和应用含义，该研究确定了未来的研究方向，以全面了解 IPF。

设计/方法/方法

SLR 基于 1975-2019 年间发表在同行评审期刊上的 125 篇文章。在简要概述了 IPF、研究方法和引文、出版物和作者分析之后，SLR 介绍了 IPF 现有研究关注的各个领域，并提供了每个领域的未来研究命题。

发现

研究发现，尽管 IPF 的使用有所增加，但该领域的学术和从业者研究却滞后。此外，随着新兴和欠发达经济体越来越多地使用 IPF，IPF 结构提供了一个完美的环境，可以了解投资和融资如何相互关联，以及如何通过 IPF 结构克服制度空白、社会经济风险和合作伙伴间的差异。

原创性/价值

这篇文献综述论文基于 1975 年至 2019 年间 IPF 的研究。据作者所知，SLR 是第一个重点研究，详细介绍了 IPF 领域现有研究的有条不紊和全面的概要。通过关注 IPF 研究的各个领域，本文提出了该领域的未来研究途径。