Opportunism and Governance Study on PPP Projects from the Perspective of Contract Theories

DOI

10.2991/febm-18.2018.75How to use a DOI?

Keywords

PPP projects; Contractual incompleteness; Opportunism; Equity governance

Abstract

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.

Copyright

© 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/).

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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  - 10.2991/febm-18.2018.75
ID  - Bi2018/12
ER  -