Public-Private Partnership and Policy Uncertainty

This book aims to explore the investment decision-making of private enterprises from the perspective of policy uncertainty in the process of cooperation between the government and social capital. The vitality of private capital is an important means of promoting economic development and expanding social employment. This book includes the following contents: taking the investment willingness of private enterprises as the analysis unit, based on institutional theory, resource dependence theory, enterprise behavior theory, etc., systematically constructing a theoretical framework of “policy uncertainty-investment confidence-enterprise investment”; explores the connotation and internal causes of the uncertainty of PPP policy, and constructs a “central and prefecture-level city” policy uncertainty text thesaurus, measurement system, and quantitative indicators; explores the impact of policy uncertainty on investor confidence and the adaptability of private enterprise operations, and analyzes the constraint or promoting effects of innovation vitality and industrial structure on policy uncertainty; explores the spatial spillover effect of local PPP policy uncertainty on private enterprise investment. This book tests the hypothetical relationship between policy uncertainty, investment confidence, and private enterprise investment based on policy texts, PPP listed company information, and identifies key factors affecting private enterprise cooperative investment. This has important academic value for enriching institutional theory, expanding PPP research, and has significant theoretical and practical value for promoting social capital investment and stimulating the vitality of private enterprises.

In addition to students, teachers, and researchers in the areas of firm behavior, public economics, public administration, and public policy, this book is also of great interest to policy makers, planners, and non-government agencies who are concerned with understanding and addressing issues related to the cooperation of government and social capital in developed and developing countries.