摘要
针对政府与社会资本合作项目规模大、期限长、风险高、不确定性大以及社会资本参与度不高等问题,笔者从社会资本视角提出了基于复合实物期权的政府与社会资本合作决策模式,并以张家界市杨家溪污水处理厂项目为例进行了深入分析。研究表明:政府与社会资本合作中采用复合实物期权决策模式能最大程度地减少不确定性因素影响,有助于提高社会资本参与度、增加项目管理灵活性和决策科学性。
This paper aims at problems in Public-Private Partnership（ PPP） such as the large scale,long payback periods and high risks and the limited participation of private capital,and centers on the decision-making model of PPP based on compound real options from the perspective of private capital,thus exploits the example of Yangjiaxi Sewage Treatment Plant Project in Zhangjiajie City. Results show that new model minimizes uncertainty and improves private capital participation,while increasing management flexibility and rendering the decision-making process more scientific.
出处
《经济经纬》
CSSCI
北大核心
2016年第5期96-101,共6页
Economic Survey
基金
河南省哲学社会科学规划项目(2015B089)
关键词
政府与社会资本合作
决策模式
复合实物期权
Public-Private Partnership
Decision-Making Model
Compound Read Options
