Identifying Critical Bankability Criteria for PPP Projects: The Case of China
المؤلفون المشاركون
المصدر
العدد
المجلد 2018، العدد 2018 (31 ديسمبر/كانون الأول 2018)، ص ص. 1-11، 11ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2018-10-17
دولة النشر
مصر
عدد الصفحات
11
التخصصات الرئيسية
الملخص EN
Public-private partnership (PPP) projects employ a high leverage in terms of debt finance needed by the private consortium.
Debt finance providers need to know the bankability-related issues of PPP projects to make the timely arrangement of debt financing and avoid funding problems.
However, there is still a lack of a systematic research on the bankability of PPP projects despite the worsening debt arrangement situation for PPP projects after the credit crisis and economic recession from 2008.
To bridge this knowledge gap and enhance the practical debt arrangement of PPP projects, this study aims to identify and prioritize the critical bankability criteria of PPP projects.
To achieve the objectives, 41 bankability-related criteria were first identified from a comprehensive literature.
A structured questionnaire survey was then conducted with 31 industry experts in China who worked in financial institutes and had experienced PPP projects to investigate the relative importance of each criterion.
To handle the uncertainty and vagueness of the subjective evaluation from surveys, this study analyzed the relative importance weight of each criterion using a proposed fuzzy analytical hierarchy process-based approach.
The results showed that political environment, economic environment, shareholders’ credibility, financial market, legal system, public sector’s reliability, financial structure, and regulatory framework were ranked as the top eight critical bankability criteria.
The findings of this study first contributed to the project finance body of knowledge for the bankability of PPP projects.
Moreover, the outputs of this study would provide valuable information to the private and public sectors for formulating strategies on improving the bankability of PPP projects.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Zhu, Lei& Chua, David Kim Huat. 2018. Identifying Critical Bankability Criteria for PPP Projects: The Case of China. Advances in Civil Engineering،Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1116616
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Zhu, Lei& Chua, David Kim Huat. Identifying Critical Bankability Criteria for PPP Projects: The Case of China. Advances in Civil Engineering No. 2018 (2018), pp.1-11.
https://search.emarefa.net/detail/BIM-1116616
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Zhu, Lei& Chua, David Kim Huat. Identifying Critical Bankability Criteria for PPP Projects: The Case of China. Advances in Civil Engineering. 2018. Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1116616
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1116616
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر