A Conceptual Framework for Modeling Social Risk Tolerance for PPP Projects: An Empirical Case of China

Public–private partnerships (PPPs) are a useful approach that allows the public sector to collaborate with private investors in financing, implementing, and operating public sector facilities. Over the past few decades, the occurrence of social risks and the vulnerability of PPP projects to these ri...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Weiyan Jiang, Jingshu Lei, Meiyue Sang, Yinghui Wang, Kunhui Ye
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	PPP social risks social risk tolerance sustainable construction China Building construction TH1-9745
Acceso en línea:	https://doaj.org/article/2b3d1be435e84be5915b3f3520ad17e8
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:2b3d1be435e84be5915b3f3520ad17e8
record_format	dspace
spelling	oai:doaj.org-article:2b3d1be435e84be5915b3f3520ad17e82021-11-25T16:59:54ZA Conceptual Framework for Modeling Social Risk Tolerance for PPP Projects: An Empirical Case of China10.3390/buildings111105312075-5309https://doaj.org/article/2b3d1be435e84be5915b3f3520ad17e82021-11-01T00:00:00Zhttps://www.mdpi.com/2075-5309/11/11/531https://doaj.org/toc/2075-5309Public–private partnerships (PPPs) are a useful approach that allows the public sector to collaborate with private investors in financing, implementing, and operating public sector facilities. Over the past few decades, the occurrence of social risks and the vulnerability of PPP projects to these risks have caused numerous project failures. While practitioners claim to manage the social risks of PPP projects, little effort has been made to explore the proper ways of doing this. In this study, we present a social risk tolerance (SRT) concept and propose a model to quantify the tolerance of PPP projects to social risks. One hundred and twenty-three PPP projects were collected from China for model validation. The results indicate a positive relationship between SRT values and project size and that the SRT has diminishing marginal values. This paper presents a new concept in PPP research and provides an appropriate approach for managing the social risks of PPP projects. The research findings can help both the public and private sectors understand the social risks associated with PPP projects and determine effective countermeasures to control these risks.Weiyan JiangJingshu LeiMeiyue SangYinghui WangKunhui YeMDPI AGarticlePPPsocial riskssocial risk tolerancesustainable constructionChinaBuilding constructionTH1-9745ENBuildings, Vol 11, Iss 531, p 531 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	PPP social risks social risk tolerance sustainable construction China Building construction TH1-9745
spellingShingle	PPP social risks social risk tolerance sustainable construction China Building construction TH1-9745 Weiyan Jiang Jingshu Lei Meiyue Sang Yinghui Wang Kunhui Ye A Conceptual Framework for Modeling Social Risk Tolerance for PPP Projects: An Empirical Case of China
description	Public–private partnerships (PPPs) are a useful approach that allows the public sector to collaborate with private investors in financing, implementing, and operating public sector facilities. Over the past few decades, the occurrence of social risks and the vulnerability of PPP projects to these risks have caused numerous project failures. While practitioners claim to manage the social risks of PPP projects, little effort has been made to explore the proper ways of doing this. In this study, we present a social risk tolerance (SRT) concept and propose a model to quantify the tolerance of PPP projects to social risks. One hundred and twenty-three PPP projects were collected from China for model validation. The results indicate a positive relationship between SRT values and project size and that the SRT has diminishing marginal values. This paper presents a new concept in PPP research and provides an appropriate approach for managing the social risks of PPP projects. The research findings can help both the public and private sectors understand the social risks associated with PPP projects and determine effective countermeasures to control these risks.
format	article
author	Weiyan Jiang Jingshu Lei Meiyue Sang Yinghui Wang Kunhui Ye
author_facet	Weiyan Jiang Jingshu Lei Meiyue Sang Yinghui Wang Kunhui Ye
author_sort	Weiyan Jiang
title	A Conceptual Framework for Modeling Social Risk Tolerance for PPP Projects: An Empirical Case of China
title_short	A Conceptual Framework for Modeling Social Risk Tolerance for PPP Projects: An Empirical Case of China
title_full	A Conceptual Framework for Modeling Social Risk Tolerance for PPP Projects: An Empirical Case of China
title_fullStr	A Conceptual Framework for Modeling Social Risk Tolerance for PPP Projects: An Empirical Case of China
title_full_unstemmed	A Conceptual Framework for Modeling Social Risk Tolerance for PPP Projects: An Empirical Case of China
title_sort	conceptual framework for modeling social risk tolerance for ppp projects: an empirical case of china
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/2b3d1be435e84be5915b3f3520ad17e8
work_keys_str_mv	AT weiyanjiang aconceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina AT jingshulei aconceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina AT meiyuesang aconceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina AT yinghuiwang aconceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina AT kunhuiye aconceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina AT weiyanjiang conceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina AT jingshulei conceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina AT meiyuesang conceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina AT yinghuiwang conceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina AT kunhuiye conceptualframeworkformodelingsocialrisktoleranceforpppprojectsanempiricalcaseofchina
_version_	1718412766355652608

A Conceptual Framework for Modeling Social Risk Tolerance for PPP Projects: An Empirical Case of China

Ejemplares similares