承包商海外基础设施PPP项目契约治理能力研究

发布时间：2018-03-02 15:05

本文选题：海外　切入点：承包商　出处：《北京交通大学》2017年硕士论文　论文类型：学位论文

【摘要】：在“走出去”和“一带一路”国家政策的引导下,我国越来越多的承包商走出国门,积极开辟海外建筑市场。同时,为了延长企业利润链,打造长久稳定的盈利模式,深入开拓并耕耘海外工程市场,承包商逐渐将视野转向PPP模式。海外基础设施PPP项目本身有资金需求大、契约关系复杂、契约主体众多、项目周期长的特点,对承包商的融资能力、抗风险能力都有极高的要求。在这种情况下,承包商需要合理地运用契约治理工具对PPP项目展开治理,才能缓解开展海外PPP项目时面临的种种困境,提升项目绩效,进而保障PPP项目的顺利开展。本文首先介绍了论文的研究背景和研究意义,从契约理论、项目治理理论、契约治理理论分别梳理了国内外相关研究成果,为本文的深入研究提供基础。然后,本文介绍了 PPP的概念、基础设施的概念与PPP项目契约治理的内涵,并对承包商的契约治理能力进行了定义,并介绍了本文的理论基础。之后,本文从海外基础设施PPP项目开展现状入手,分析了我国承包商开展海外基础设施PPP项目的困境,并从中挖掘造成这些困境的契约治理问题,并结合相关学者的研究,提出运用正式契约治理、关系契约治理以及剩余权利的配置三种工具来解决契约治理问题,从而提升承包商对PPP项目的契约治理能力。在分析契约治理能力的影响因素时,本文从外部、内部两个维度入手,首先通过文献梳理和问卷调查,运用Matlab和SPSS定量分析影响PPP项目开展的核心外部性因素,这些外部性因素将间接影响契约治理能力,之后利用AMOS软件建立SEM模型,从项目内部维度入手,分析契约治理能力的内部影响因素。最后,本文综合内外部维度,提出提升我国承包商海外基础设施PPP项目契约治理能力的若干建议。通过研究本文发现,东道国的扶持与帮助、PPP项目相关的法律与监管体系、东道国政府主权信用评级、金融市场开放程度、项目盈利模式为影响海外PPP项目开展的核心外部性因素,做好这些方面的市场调研是保障海外基础设施PPP项目顺利开展、提升承包商契约治理能力的基础。而项目控制权配置、融资方案设计、风险分担机制等8个因素将从正式契约治理角度影响承包商契约治理能力;公私双方间信任水平、契约主体间的合作历史等3个因素将从关系契约治理角度影响承包商契约治理能力;股权比例、原始收益方案等4个因素将从剩余权利配置角度影响承包商契约治理能力。
[Abstract]:Under the guidance of the national policies of "going out" and "Belt and Road", more and more contractors in our country go abroad and actively open up the overseas construction market. At the same time, in order to prolong the profit chain of enterprises and create a long-term and stable profit model, In order to further develop and cultivate the overseas engineering market, the contractor has gradually turned to the PPP mode. The overseas infrastructure PPP project itself has the characteristics of large capital demand, complicated contractual relationship, numerous contract subjects and long project cycle. In this case, the contractor needs to use the contract governance tools to manage the PPP project reasonably, in order to alleviate the difficulties that the contractor faces when carrying out the overseas PPP project, there are very high requirements for the contractor's financing ability and the ability to resist risks. First of all, this paper introduces the research background and significance of the paper, from the contract theory, project governance theory, contract governance theory respectively combing the relevant research results at home and abroad. Then, this paper introduces the concept of PPP, the concept of infrastructure and the connotation of contract governance of PPP project, and defines the contractor's ability of contract governance. After introducing the theoretical basis of this paper, this paper starts with the current situation of overseas infrastructure PPP projects, analyzes the plight of Chinese contractors to carry out overseas infrastructure PPP projects, and excavates the contractual governance problems that cause these difficulties. Combined with the research of relevant scholars, this paper puts forward the use of formal contract governance, relationship contract governance and the allocation of residual rights to solve the problem of contract governance. In order to improve the contractor's contractual governance ability to the PPP project. In the analysis of the factors affecting the contractual governance ability, this paper starts from the external and internal two dimensions, first through literature combing and questionnaire survey, Using Matlab and SPSS to quantitatively analyze the core externalities that affect the development of PPP projects, these externalities will indirectly affect the ability of contract governance, and then use AMOS software to establish SEM model, starting with the internal dimensions of the project. Finally, this paper synthesizes the internal and external dimensions, and puts forward some suggestions on how to improve the contractual governance ability of overseas infrastructure PPP projects of Chinese contractors. The legal and regulatory system related to the support of the host country, the sovereign credit rating of the host government, the openness of the financial market, and the profit model of the project are the core externalities affecting the overseas PPP projects. Market research in these areas is the basis for ensuring the smooth development of overseas infrastructure PPP projects and enhancing the contractor's ability to manage contracts. The allocation of project control rights and the design of financing schemes, Eight factors, such as risk-sharing mechanism, will affect the contractor's ability of contract governance from the perspective of formal contract governance; the level of trust between public and private parties, Three factors, such as the history of cooperation among the contract subjects, will affect the contractor's ability to govern the contract from the angle of the governance of the relationship contract, and four factors, the equity ratio and the original income scheme, will affect the contractor's ability to govern the contract from the perspective of the allocation of residual rights.
【学位授予单位】：北京交通大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F283

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