Research on the Social Capital Active Exit Method of PPP Project
DOI: 10.23977/enecr.2020.010101 | Downloads: 15 | Views: 2511
Peng Wang 1
1 School of Economics and Management, Dalian University, No.10, Xuefu Avenue, Economic & Technical Development Zone, Dalian, Liaoning, The People's Republic of China (PRC)
Corresponding AuthorPeng Wang
The development speed of the PPP model has declined in recent years. One of the main factors is that government departments have not completed the construction of social capital exit mechanisms in PPP projects. This paper, while sorting out China's policy on social capital withdrawal and the status quo of research on the PPP project withdrawal mechanism, focuses on analyzing the need for the social capital party to voluntarily withdraw from the PPP model and the need for the social capital party to voluntarily quit successfully. After that, it analyzes the methods of voluntary withdrawal of social capital, such as maturity transfer, equity transfer, share repurchase, asset securitization, and public listing. This will allow the social capital side to have more reference when actively withdrawing from the PPP project, and increase the enthusiasm of the social capital for participating in the PPP project.
KEYWORDSPPP project; social capital; voluntary withdrawal
CITE THIS PAPER
Peng Wang. Research on the Social Capital Active Exit Method of PPP Project. Energy Conversion Research (2020) 1: 1-3. DOI: http://dx.doi.org/10.23977/enecr.2020.010101.
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