PPP项目股权结构模型构建与应用研究

发布时间：2018-04-14 05:11

本文选题：PPP + VFM　；参考：《价格理论与实践》2016年04期

【摘要】：本文将社会资本方的技术和管理优势对项目的综合成本的节约作用考虑在内,同时分析社会资本方和政府方的融资成本差异对综合成本的影响,通过建立股权结构模型,将PPP项目与传统项目的综合成本进行比较,得出了社会资本方的股权比例范围。研究表明,适当提高社会资本方的技术和管理准入门槛,创造良好的融资环境,以及提供多重补偿激励机制,降低社会资本方的融资成本,更有利于PPP实现物有所值(VFM)。
[Abstract]:This paper takes the technical and management advantages of the social capital side into account and analyzes the influence of the difference between the financing cost of the social capital side and the government side on the comprehensive cost, and establishes the equity structure model.The comprehensive cost of PPP project is compared with that of traditional project, and the range of equity ratio of social capital is obtained.The research shows that raising the entry threshold of technology and management, creating a good financing environment, and providing multiple compensation and incentive mechanism to reduce the financing cost of the social capital side are more conducive to the realization of PPP value for money.
【作者单位】：长安大学经济与管理学院;长安大学交通投融资研究所;
【基金】：中央高校基本科研业务费专项资金(CHD2009JC14)
【分类号】：F283

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