軌道交通PPP項(xiàng)目公司風(fēng)險評估研究
本文選題:軌道交通PPP模式 + PPP項(xiàng)目公司; 參考:《北京交通大學(xué)》2013年碩士論文
【摘要】:我國社會發(fā)展迅速,對軌道交通的建設(shè)需求大、運(yùn)營水平要求高。隨著我國基礎(chǔ)設(shè)施建設(shè)的力度不斷加大、市場開放的程度不斷深入,以及公私合作制(Public Private Partnership)模式在國外基礎(chǔ)設(shè)施領(lǐng)域的廣泛應(yīng)用及經(jīng)驗(yàn)積累,PPP模式已成為軌道交通項(xiàng)目建設(shè)運(yùn)營的主要模式。軌道交通業(yè)引入私有資本能提高行業(yè)效率和管理水平的同時,還能促使PPP項(xiàng)目公司產(chǎn)生和發(fā)展。 目前我國對PPP模式的相關(guān)研究缺乏系統(tǒng)性,依然局限于項(xiàng)目融資階段和建設(shè)階段,很少關(guān)注項(xiàng)目的運(yùn)營階段。而PPP模式在我國軌道交通業(yè)的應(yīng)用研究,尤其是對依托項(xiàng)目而產(chǎn)生的PPP項(xiàng)目公司的構(gòu)成及運(yùn)作的研究,國內(nèi)很少有學(xué)者涉及。特別是,學(xué)者們都是從PPP項(xiàng)目本身的角度進(jìn)行風(fēng)險分類,沒有基于PPP項(xiàng)目公司的價值評估方法對公司及項(xiàng)目的風(fēng)險進(jìn)行系統(tǒng)、全面地評估。 本文是從企業(yè)價值評估的視角入手,以控制風(fēng)險、提升PPP項(xiàng)目公司價值為最終目的,以公司運(yùn)作的PPP項(xiàng)目為切入點(diǎn),在全面了解我國軌道交通業(yè)和PPP模式的基礎(chǔ)上,利用核對表法對PPP項(xiàng)目公司的風(fēng)險因素進(jìn)行系統(tǒng)、全面地識別,參考PPP項(xiàng)目風(fēng)險已有的研究成果,結(jié)合PPP項(xiàng)目公司的特點(diǎn)建立相關(guān)風(fēng)險指標(biāo)體系,再運(yùn)用模糊綜合評價法對風(fēng)險因素進(jìn)一步量化,給出PPP項(xiàng)目公司的整體風(fēng)險程度評價。根據(jù)案例中京港地鐵公司的具體情況進(jìn)行風(fēng)險評估,形成6個主因素層和15個子因素層;找到關(guān)鍵風(fēng)險控制因素是經(jīng)營風(fēng)險因素、項(xiàng)目風(fēng)險因素、政府風(fēng)險因素和法律風(fēng)險因素;根據(jù)京港地鐵公司的實(shí)際情況,其總體的風(fēng)險評價程度為較高。最后為此類PPP項(xiàng)目公司的風(fēng)險控制與價值提升提供了指導(dǎo)性的建議。圖14幅,表21個,參考文獻(xiàn)34篇。
[Abstract]:The society of our country develops rapidly, the demand for the construction of rail transit is large and the level of operation is high. With the increasing efforts of infrastructure construction in China, the degree of market opening has been deepening. The PPP model has become the main mode of the construction and operation of rail transit projects, and the extensive application and experience accumulation of PPP model in the field of foreign infrastructure has become the main mode of construction and operation of rail transit projects. The introduction of private capital in rail transit industry can not only improve the efficiency and management level of the industry, but also promote the emergence and development of PPP project companies. At present, there is a lack of systematic research on the PPP model in China. Still limited to the project financing phase and construction phase, little attention is paid to the operation phase of the project. However, the application of PPP model in rail transit industry in China, especially the research on the structure and operation of PPP project company based on project, is seldom concerned by domestic scholars. In particular, scholars classify the risks from the point of view of the PPP project itself, and there is no systematic and comprehensive evaluation of the risk of the company and the project based on the value evaluation method of the PPP project company. The ultimate goal is to control risks and promote the company value of PPP projects. Based on the comprehensive understanding of the rail transit industry and PPP model of our country, the PPP projects run by the company are taken as the breakthrough point. The risk factors of PPP project company are systematically identified by using the checklist method. Referring to the existing research results of PPP project risk, the relevant risk index system is established according to the characteristics of PPP project company. Then the fuzzy comprehensive evaluation method is used to quantify the risk factors, and the overall risk evaluation of PPP project company is given. According to the specific situation of Jinggang Metro Company in the case, the risk assessment is carried out, forming 6 main factor layers and 15 sub-factor layers, and finding out that the key risk control factors are management risk factors, project risk factors, Government risk factors and legal risk factors, according to the actual situation of Jinggang Metro Corporation, its overall risk evaluation degree is higher. Finally, it provides some guidance for PPP project company's risk control and value promotion. There are 14 figures, 21 tables and 34 references.
【學(xué)位授予單位】:北京交通大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2013
【分類號】:F272.3;F532.6
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