Maura Campra is Full Professor of Business Administration at Eastern Piedmont University, Italy. She was Chairman of the Foreign Training Commission of CNDC and a member of the Accounting Mediterranean Association. She is also Associate Fellow of EuroMed Academy of Business (AF-EMAB). She has written several books on business administration, accounting, business combinations and international financial reporting. Gianluca Oricchio is General Manager at CBM University Hospital, Italy. He has held senior capital and risk management positions at several global financial institutions. He has been Head of ACPM at Capitalia Banking Group and Head of Group Credit Treasury at Unicredit Group and has written several books on financial markets, corporate finance and risk management. Eugenio Mario Braja is Assistant Professor in Business Administration CPA at Eastern Piedmont University, Italy. He has published several books on business administration, accounting, business combinations and international financial reporting. Paolo Esposito is a Research Fellow in Business Administration at Eastern Piedmont University, Italy. He has a Ph.D. in Public Management and Governance from the University of Rome Tor Vergata and is Associate Fellow of EuroMed Academy of Business (AF-EMAB). He has written several publications on corporate governance, public private partnership and accounting and auditing standards.

• 1. Introduction 2. Sovereign Risk: Credit Risk Analysis and the Role of PPPs Schemes 3. PPP Schemes 4. IFRIC 12 Service Concession Arrangements 5. Case Studies in UK 6. Case Studies in Italy 7. Case Studies in Spain 8. Sovereign Risk and PPP Schemes: Future Directions

Maura Campra is Full Professor of Business Administration at Eastern Piedmont University, Italy. She was Chairman of the Foreign Training Commission of CNDC and a member of the Accounting Mediterranean Association. She is also Associate Fellow of EuroMed Academy of Business (AF-EMAB). She has written several books on business administration, accounting, business combinations and international financial reporting. Gianluca Oricchio is General Manager at CBM University Hospital, Italy. He has held senior capital and risk management positions at several global financial institutions. He has been Head of ACPM at Capitalia Banking Group and Head of Group Credit Treasury at Unicredit Group and has written several books on financial markets, corporate finance and risk management. Eugenio Mario Braja is Assistant Professor in Business Administration CPA at Eastern Piedmont University, Italy. He has published several books on business administration, accounting, business combinations and international financial reporting. Paolo Esposito is a Research Fellow in Business Administration at Eastern Piedmont University, Italy. He has a Ph.D. in Public Management and Governance from the University of Rome Tor Vergata and is Associate Fellow of EuroMed Academy of Business (AF-EMAB). He has written several publications on corporate governance, public private partnership and accounting and auditing standards.

• 1. Introduction 2. Sovereign Risk: Credit Risk Analysis and the Role of PPPs Schemes 3. PPP Schemes 4. IFRIC 12 Service Concession Arrangements 5. Case Studies in UK 6. Case Studies in Italy 7. Case Studies in Spain 8. Sovereign Risk and PPP Schemes: Future Directions

Maura Campra is Full Professor of Business Administration at Eastern Piedmont University, Italy. She was Chairman of the Foreign Training Commission of CNDC and a member of the Accounting Mediterranean Association. She is also Associate Fellow of EuroMed Academy of Business (AF-EMAB). She has written several books on business administration, accounting, business combinations and international financial reporting. Gianluca Oricchio is General Manager at CBM University Hospital, Italy. He has held senior capital and risk management positions at several global financial institutions. He has been Head of ACPM at Capitalia Banking Group and Head of Group Credit Treasury at Unicredit Group and has written several books on financial markets, corporate finance and risk management. Eugenio Mario Braja is Assistant Professor in Business Administration CPA at Eastern Piedmont University, Italy. He has published several books on business administration, accounting, business combinations and international financial reporting. Paolo Esposito is a Research Fellow in Business Administration at Eastern Piedmont University, Italy. He has a Ph.D. in Public Management and Governance from the University of Rome Tor Vergata and is Associate Fellow of EuroMed Academy of Business (AF-EMAB). He has written several publications on corporate governance, public private partnership and accounting and auditing standards.

• 1. Introduction 2. Sovereign Risk: Credit Risk Analysis and the Role of PPPs Schemes 3. PPP Schemes 4. IFRIC 12 Service Concession Arrangements 5. Case Studies in UK 6. Case Studies in Italy 7. Case Studies in Spain 8. Sovereign Risk and PPP Schemes: Future Directions