[1]周晶,何建敏,杨宏伟.基于委托-代理模型BOT模式的有效性分析[J].东南大学学报(自然科学版),2005,35(3):489-492.[doi:10.3969/j.issn.1001-0505.2005.03.035]
 Zhou Jing,He Jianmin,Yang Hongwei.Effectiveness analysis based on principal-agent model for BOT scheme[J].Journal of Southeast University (Natural Science Edition),2005,35(3):489-492.[doi:10.3969/j.issn.1001-0505.2005.03.035]
点击复制

基于委托-代理模型BOT模式的有效性分析()
分享到:

《东南大学学报(自然科学版)》[ISSN:1001-0505/CN:32-1178/N]

卷:
35
期数:
2005年第3期
页码:
489-492
栏目:
经济与管理
出版日期:
2005-05-20

文章信息/Info

Title:
Effectiveness analysis based on principal-agent model for BOT scheme
作者:
周晶1 何建敏2 杨宏伟3
1 南京大学工程管理学院, 南京 210093; 2 东南大学经济管理学院, 南京 210096; 3 上海浦东发展银行南京分行, 南京 210000
Author(s):
Zhou Jing1 He Jianmin2 Yang Hongwei3
1 School of Management Science and Engineering, Nanjing University, Nanjing 210093, China
2 College of Economics and Management, Southeast University, Nanjing 210096, China
3 Nanjing Branch, Shanghai Pudong Develop
关键词:
BOT 委托-代理 道德风险 有效性
Keywords:
build-operate-transfer principal-agent moral risk effectiveness
分类号:
F224.13
DOI:
10.3969/j.issn.1001-0505.2005.03.035
摘要:
研究了BOT模式的效率问题,分析了政府和项目公司之间的委托代理关系,建立了政府和项目公司之间的博弈模型,讨论了在信息对称和信息不对称情形下政府和项目公司的最优战略.通过对BOT模式和承建制的比较分析表明,对于技术水平高、不确定因素多和难以控制的建设项目,采用承建制会导致项目公司的“道德风险”,而采用BOT模式是有效的,它解决了在信息不对称情形下委托代理关系的“道德风险”问题,从而从机理上论证了BOT模式的有效性.
Abstract:
The effectiveness of BOT(build-operate-transfer)scheme is discussed. The principal-agent relationship between the government and the project company is analyzed. The principal-agent game model between them is formulated as well. The dominant strategies for the government and the project company are discussed under both symmetric information and asymmetric information conditions. By comparing BOT scheme with contract-for-work scheme for complicated infrastructure projects, it is shown that the latter will lead to the moral hazard from the project company, and the former is more effective to reduce the moral hazard under the case of asymmetric information. Therefore the mechanism effectiveness of BOT scheme is proved.

参考文献/References:

[1] Tiong R L K,Alum J.Financial commitments for BOT projects[J].International Journal of Project Management, 1997,15(2):73-78.
[2] Kumaraswamy M M,Zhang X Q.Governmental role in BOT-led infrastructure development[J].International Journal of Project Management,2001,19(3):195-205.
[3] Xing W,Wu F F.A game-theoretical model of private power production[J]. Electrical Power and Energy Systems, 2001,23(3):213-218.
[4] Xing Weiguo,Wu Felix F.Economic evaluation of private power production under uncertainties[J]. International Journal of Electrical Power and Energy Systems,2003,25(2):167-172.
[5] Yeo K T,Tiong R L K.Positive management of differences for risk reduction in BOT project[J].International Journal of Project Management,2000,18(4):257-265.
[6] Kang Chaochung,Feng Chengmin,Khan H A.Risk assessment for build-operate-transfer projects:a dynamic multi-objective programming approach [J].Computers and Operations Research, 2005,32(6):1633-1654.
[7] Smith N,Zhang Hao,Zhu Yiran.The Huaibei power plant and its implications for the Chinese BOT market[J].International Journal of Project Management,2004,22(5):407-413.
[8] 罗顺梅.我国政府在BOT项目融资中的风险分担[J].经济与管理,2002,5(1):15-16.
  Luo Shunmei.Risk share of government in project financing by BOT scheme[J].Economics and Management,2002,5(1):15-16.(in Chinese)
[9] 邬海澜.BOT公路项目在我国的实施[J].企业经济,2002,23(2):48-49.
  Wu Hailan.Implement of BOT highway project in China[J].Enterprise Economics,2002,23(2):48-49.(in Chinese)
[10] 左小德,梁云,米那.BOT投资方式及在我国的实践[J].科技管理研究,2000,5(1):54-58.
  Zuo Xiaode,Liang Yun,Mi Na.BOT investment modes and its practice in China[J].Study on Technology of Management,2000,5(1):54-58.(in Chinese)
[11] 张维迎.博弈论与信息经济学[M].上海:上海三联书店,1996.397-440.

相似文献/References:

[1]杨宏伟,何建敏,周晶.BOT项目“有限追索权”融资方式的风险收益分析[J].东南大学学报(自然科学版),2002,32(6):920.[doi:10.3969/j.issn.1001-0505.2002.06.021]
 Yang Hongwei,He Jianmin,Zhou Jing.Analysis of limited recourse financing to a BOT project[J].Journal of Southeast University (Natural Science Edition),2002,32(3):920.[doi:10.3969/j.issn.1001-0505.2002.06.021]

备注/Memo

备注/Memo:
基金项目: 国家自然科学基金资助项目(70071049,70371019).
作者简介: 周晶(1963—),女,博士,教授,博士生导师,jzhou@nju.edu.cn.
更新日期/Last Update: 2005-05-20