TITLE:
The Mechanism of Institutional Governance for China’s PPP Projects
AUTHORS:
Leiting Sun, Xuanwei Hu, Wei Wang, Xiang Li
KEYWORDS:
PPP, Institutional Governance, Relationship Governance, Contract Governance, Crisis Governance
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.12 No.6,
June
21,
2024
ABSTRACT: Taking the current PPP governance in China as the research object, this paper explores the governance structure and the role of institutional governance. Grounded theory is used in this paper. There are 28 semi-structured interviews used as survey data. Based on these interview data, coding and convergence are carried out. The research group extracted five core categories, namely: institutional governance, relationship governance, contract governance, crisis governance, and project performance. There is a strong correlation among the above governance. The power of PPP governance mainly comes from relationship governance and contract governance. But China’s special economic environment has created some crisis problems, reducing the role of the dual governance system composed of relationship governance and contract governance. Therefore, institutional governance is particularly important in China. This paper proposed the China’s PPP project governance structure, and studied the governance mechanism for China’s PPP projects.