Satisfaction and risk prevention of the public-private partnership- An empirical analysis based on the case of Xingtai, Hebei

Abstract

Public-private partnerships refers to playing comparative advantages and raising the level of supply of public goods and services between the public sector and the private sector through profit sharing, risk-sharing, and collaborative participation. through analysis on causal connections between the indicators changes and overall satisfaction degrees of public-private partners relationship, the article uses main components factor analysis to summarize five dimension degrees of indicators, including economic, risk, environment, regulatory, and participation. And builds out public-private partners relationship satisfaction degrees structure model based on the digits, calculating out the dimension degrees and overall satisfaction degrees between of path coefficient and concluding that risk dimension degrees is an important indicators dimension degrees effecting overall satisfaction degrees. The article further gives suggestions on perfecting risk share mechanism, establishing trust guarantees mechanism and building reward incentive mechanism.