Analysis of the Social Capital Financial Characteristics of Public–Private–Partnership Projects in Coastal Areas

Abstract

Qin, Y. and Guo, X., 2020. Analysis of the social capital financial characteristics of public–private–partnership projects in coastal areas. In: Li, L. and Huang, X. (eds.), Sustainable Development in Coastal Regions: A Perspective of Environment, Economy, and Technology. Journal of Coastal Research, Special Issue No. 112, pp. 252-256. Coconut Creek (Florida), ISSN 0749-0208.This article takes the listed companies that have participated or are participating in coastal infrastructure Public–Private–Partnership projects as the research object, finds matching companies for them through the propensity score matching method, and quantitatively analyzes which financial characteristics of the social capital side affect the participation of coastal infrastructure Public–Private–Partnership projects from the micro level degree. The conclusion is that the two characteristics of corporate solvency and the nature of equity have had a significant negative impact on its participation in coastal infrastructure Public–Private–Partnership projects, and the impact of solvency is particularly important. When the empirical sample size is expanded, the asset management capability index is an influencing factor for companies participating in PPP projects one.