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Ownership, corruption, and revenue regimes for infrastructure partnerships: Evidence from China

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  • Wang, Huanming
  • Ma, Liang

Abstract

Public-private partnerships (PPPs) have become an important tool to build infrastructure and deliver public services. In China, infrastructure partners include both state-owned enterprises and private companies. We theorize that partners with different ownership types will have different preferences of revenue regimes for infrastructure projects and that regional corruption will moderate this relationship. We use data from the China PPP Center and official statistics to test these hypotheses, and the findings largely confirm our expectations. In comparison to private firms, SOEs and hybrids are more likely to pursue a government-payment mechanism, but the moderating effect of regional corruption is not supported.

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  • Wang, Huanming & Ma, Liang, 2019. "Ownership, corruption, and revenue regimes for infrastructure partnerships: Evidence from China," Utilities Policy, Elsevier, vol. 60(C), pages 1-1.
    • Handle: RePEc:eee:juipol:v:60:y:2019:i:c:7
    DOI: 10.1016/j.jup.2019.100942
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    2. Weixia Lyu & Yanan Zheng & Camila Fonseca & Jerry Zhirong Zhao, 2020. "Public-Private Partnership Transformation and Worker Satisfaction: A Case Study of Sanitation Workers in H-City, China," Sustainability, MDPI, vol. 12(13), pages 1-13, July.
    3. Sun, Hao & Su, Jun & Ma, Liang, 2021. "The diffusion of the utility tunnel policy: Evidence from Chinese cities," Utilities Policy, Elsevier, vol. 72(C).
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    5. Cheng, Bo & Christensen, Tom & Ma, Liang & Yu, Junli, 2021. "Does public money drive out private? Evidence from government regulations of industrial overcapacity governance in urban China," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 767-780.
    6. He, Xiaolong & Wang, Chaoyi & Yang, Xiaowei & Lai, Zhoujing, 2021. "Do enterprise ownership structures affect financial performance in China's power and gas industries?," Utilities Policy, Elsevier, vol. 73(C).

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