Opportunism and Governance Study on PPP Projects from the Perspective of Contract Theories
- https://doi.org/10.2991/febm-18.2018.75How to use a DOI?
- PPP projects; Contractual incompleteness; Opportunism; Equity governance
How to improve the performance of PPP projects is a common problem that governments of many countries in the world are bothered by. In China, the theoretical research on the PPP projects is still at the initial stage, only focusing on project management. The western theories on PPP governance are not completely applicable to the PPP projects in China. The innovation of this article is to extend the research perspective from the management level to the governance level, with PPP projects in China as research objects. Series of contract theories, such as incompleteness of contract, residual control rights and so on, are used to analyze the relationship between the government and the private sector and the opportunism involved. Equity governance is considered to be effective in counteracting opportunistic behavior in PPP projects in China.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Lei Bi AU - Xiaoyu Ma PY - 2018/12 DA - 2018/12 TI - Opportunism and Governance Study on PPP Projects from the Perspective of Contract Theories BT - Proceedings of the Third International Conference on Economic and Business Management (FEBM 2018) PB - Atlantis Press SP - 330 EP - 336 SN - 2352-5428 UR - https://doi.org/10.2991/febm-18.2018.75 DO - https://doi.org/10.2991/febm-18.2018.75 ID - Bi2018/12 ER -