Decision-Making Criteria of PPP Projects: Stakeholder Theoretic Perspective

Authors: Xueqin Shan, Wenhua Hou, Xiaosu Ye, Chuanming Wu

Abstract:

Any decision-making is based on certain theory. Taking the public rental housing in Chongqing municipality as an example, this essay states that the stakeholder theory can provide innovative criteria and evaluation methods for Public Private Partnership (PPP) projects. It gives an analysis of how to choose decision-making criteria for different stakeholders in the PPP model and what measures to take to meet the criteria to form “symbiotic" decision-making mode through contracts and to boost the application of PPP model in large-scale public programs in China.

Keywords: PPP, Stakeholder Theory, Stakeholders, Decision- making Criteria

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1062432

References:

[1] Shuying Li, "Social Responsibility of Enterprises from the Perspective of Stakeholder Theory," Teaching and Research, pp. 44-50, June. 2010.
[2] Yan Chen, and Xiaoping Zhou, "On the Management Innovation Appraisal of Large-scale Construction Projects from the Perspective of Stakeholder Theory," Science and Technology Management Research, pp. 123-125, September. 2009.
[3] Xizhen Gao, and Tong Chen, "On the Decision-making Criteria of Public Programs," Construction Economics, pp. 31-33, May. 2009.
[4] Xia Qi, Yongjian Ke, and Shouqing Wang, "Analysis on Critical Risk Factors Causing the Failures of China's PPP Projects," China Soft Science, pp. 107-113, May. 2009.
[5] Huainian Hang, and Jianping Wang, "Public-Private Game Framework and Construction of Their Cooperation Mechanism," Construction Economics, pp.40-42, September. 2008.
[6] Jian Yin, Shunyan Zhao, and Hui Ding, "Research on Interaction Effect to Construction Project Management," Optimization of Capital Construction, pp. 34-39, June. 2005.
[7] Wang Peng, "Analysis on Public Interests in the Public Decision-making" Journal of Gansu Institute of Public Administration, pp. 41-42, February. 2005.
[8] Anyuan Zhou, Jiangang Shi, "Research on Urban Renewal Participated by the Public on the Basis of Stakeholder Analysis," Construction Economics, pp. 21-24, October. 2009.