Low-carbon financial risk factor correlation in the belt and road PPP project
Huaping Sun and
Farhad Taghizadeh-Hesary ()
Finance Research Letters, 2020, vol. 35, issue C
A public-private partnership (PPP) project is a complex system with several stakeholders. The Green Belt and Road Initiative PPP project, in particular, entails multinational cooperation; therefore, the risks associated with this project are more complex and varied. Based on the grounded theory, this study identified 10 core low-carbon financial risk factors that could potentially derail the project. The Interpretive Structural Modeling methods were used to establish a hierarchical structure of the risks involved. The results show a strong correlation among the risk factors. The risk databases of the BRI need to be established, in order to ensure efficient green investments.
Keywords: Grounded theory; Low-carbon financial risk; Belt and Road Initiative (BRI); Public-private partnership (PPP); Interpretive Structural Modeling (ISM) (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:35:y:2020:i:c:s1544612319314928
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