Impacts of Government Credit on Government Performance of Public-Private Partnership Project in China: A WSR System Theory Perspective

Qianqian Zhou, Yuhui Bao, Yiwei Zhao, Xinyao He, Caiyun Cui and Yong Liu
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Qianqian Zhou: School of Civil Engineering and Architecture, Zhejiang Sci-Tech University, Hangzhou 310018, China
Yuhui Bao: School of Civil Engineering and Architecture, Zhejiang Sci-Tech University, Hangzhou 310018, China
Yiwei Zhao: School of Civil Engineering and Architecture, Zhejiang Sci-Tech University, Hangzhou 310018, China
Xinyao He: School of Civil Engineering and Architecture, Zhejiang Sci-Tech University, Hangzhou 310018, China
Caiyun Cui: School of Civil Engineering and Architecture, North China Institute of Science and Technology, Langfang 065201, China
Yong Liu: School of Civil Engineering and Architecture, Zhejiang Sci-Tech University, Hangzhou 310018, China

Sustainability, 2022, vol. 14, issue 11, 1-18

Abstract: To alleviate project financial pressure and improve performance, the public-private partnership (PPP) arrangement was introduced by the central government of China to facilitate the sustainable development of infrastructure. However, arising government credit crisis from the PPP project may damage both the private’s and public’s interests, and affect the government performance of PPP projects consequently. In order to understand the influence between government credit and performance, we constructed a government credit evaluation index system by using the Wuli-Shili-Renli system theory, and conducted a questionnaire survey among people related to PPP based on 359 valid questionnaires. The results firstly indicated that government credit and performance of PPP projects are optimistic in China. Secondly, the institutional environment, financial situation, management technology and internal and external communication of government credit all have a positive impact on the government performance of PPP. Thirdly, the government credit and performance of PPP projects can be increased by the improvement of regional economic and social development. These findings enrich the knowledge system of the relationship between government credit and performance of PPP projects and contribute to clarifying the influence of government credit and performance, thus provide the basis for the government to guide PPP practice effectively.

Keywords: public-private partnership project; Wuli-Shili-Renli system theory; government credit; government performance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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