本文主要研究内容
作者刘源（2019）在《污水处理PPP项目融资风险评价及其控制研究——以C市东城区污水处理项目为例》一文中研究指出：“十三五”期间,我国将城镇污水处理的“提质、提量、提标”作为生态环保领域的战略性任务,“十九大”更是提出“解决突出环境问题,加快水污染防治”的要求。PPP模式在水污染治理领域的提倡与全面运用,彰显出政府大力提升污水处理水平、提高资金利用率、盘活社会存量资产的决心。然而,污水处理PPP项目的实施情况并不乐观,融资结构复杂、融资风险难以控制成为PPP项目成功运行的掣肘。因此,如何科学、系统地识别项目融资过程中的风险并规范、合理地控制融资风险成为提高水污染处理类PPP项目实践效果的关键。水污染处理项目作为准公共产品与准经营性项目,财政支持是其资金的主要来源。同时,由于项目未来收入现金流稳定,水污染治理行业发展前景可期,能够吸引社会资本的加入。银行贷款、资产证券化与售后回租方式是污水处理项目中运用PPP融资的最常见方式。由于融资结构复杂、参与方众多、投资回报期长等原因,污水处理类PPP项目在融资过程中存在不确定性。立足于项目本身,根据风险来源主体,结合资金在项目中的运动过程,可以建立污水处理PPP项目融资风险评价体系,并识别出偿债风险、金融风险、政策风险等六个一级风险指标。鉴于污水处理PPP项目风险评价指标体系中含有难以定量刻画的风险指标,采用模糊综合评价法对项目融资风险进行评价。选取C市东城污水处理PPP项目作为具体案例,运用模糊综合评价法可以发现:东城污水处理项目综合风险值为4.424,项目融资风险总体属于中等水平,处于可控范围内;同时,偿债风险是项目融资风险中唯一风险值与风险贡献度皆高的“双高”类风险,应该被重点关注;金融风险是风险值低,风险贡献度高的“低高”类风险,利率波动是金融风险的最重要影响因素;政策风险、法律风险与项目建设风险均属于风险值高、风险贡献度低的“高低”类风险,并且法律变更、政府违约与建设成本变动对项目融资风险的影响较大,在风险控制过程中应该着重考虑。自然风险属于风险值低,风险贡献度低的“双低”类风险,对项目融资风险的影响较小,不是风险控制过程中的重点。东城污水处理PPP项目融资风险的控制是一个综合、系统的过程.需要建立多方联调的风险控制体系。根据实证结果与风险分担的原则,政府部门主要负责加强市场监管降低市场波动风险,完善PPP项目立法执法究责体系规避法律风险,成立政府违约担保基金约束政府违约行为.,污水处理项目公司则需多措并举,推进公司现代化管理制度建设弱化项目运营风险、提取风险准备金防范信用状况恶化、引入市场机制应对市场波动,注重合同因素转移建设成本变动风险,利用金融工具控制利率波动范围;同时,还需要实施风险动态管理,密切关注风险变化情况;商业银行则应该从贷前、贷后两方面严格贷款审批管理,强化自身项目选择、项目评估与产品服务的能力,多管齐下保证资金成功回收,充分运用自身的专业优势辅助项目公司进行融资风险控制,不断发挥主动作用,争取构建以银行为中心的风险控制格局。
Abstract
“shi san wu ”ji jian ,wo guo jiang cheng zhen wu shui chu li de “di zhi 、di liang 、di biao ”zuo wei sheng tai huan bao ling yu de zhan lve xing ren wu ,“shi jiu da ”geng shi di chu “jie jue tu chu huan jing wen ti ,jia kuai shui wu ran fang zhi ”de yao qiu 。PPPmo shi zai shui wu ran zhi li ling yu de di chang yu quan mian yun yong ,zhang xian chu zheng fu da li di sheng wu shui chu li shui ping 、di gao zi jin li yong lv 、pan huo she hui cun liang zi chan de jue xin 。ran er ,wu shui chu li PPPxiang mu de shi shi qing kuang bing bu le guan ,rong zi jie gou fu za 、rong zi feng xian nan yi kong zhi cheng wei PPPxiang mu cheng gong yun hang de che zhou 。yin ci ,ru he ke xue 、ji tong de shi bie xiang mu rong zi guo cheng zhong de feng xian bing gui fan 、ge li de kong zhi rong zi feng xian cheng wei di gao shui wu ran chu li lei PPPxiang mu shi jian xiao guo de guan jian 。shui wu ran chu li xiang mu zuo wei zhun gong gong chan pin yu zhun jing ying xing xiang mu ,cai zheng zhi chi shi ji zi jin de zhu yao lai yuan 。tong shi ,you yu xiang mu wei lai shou ru xian jin liu wen ding ,shui wu ran zhi li hang ye fa zhan qian jing ke ji ,neng gou xi yin she hui zi ben de jia ru 。yin hang dai kuan 、zi chan zheng quan hua yu shou hou hui zu fang shi shi wu shui chu li xiang mu zhong yun yong PPProng zi de zui chang jian fang shi 。you yu rong zi jie gou fu za 、can yu fang zhong duo 、tou zi hui bao ji chang deng yuan yin ,wu shui chu li lei PPPxiang mu zai rong zi guo cheng zhong cun zai bu que ding xing 。li zu yu xiang mu ben shen ,gen ju feng xian lai yuan zhu ti ,jie ge zi jin zai xiang mu zhong de yun dong guo cheng ,ke yi jian li wu shui chu li PPPxiang mu rong zi feng xian ping jia ti ji ,bing shi bie chu chang zhai feng xian 、jin rong feng xian 、zheng ce feng xian deng liu ge yi ji feng xian zhi biao 。jian yu wu shui chu li PPPxiang mu feng xian ping jia zhi biao ti ji zhong han you nan yi ding liang ke hua de feng xian zhi biao ,cai yong mo hu zeng ge ping jia fa dui xiang mu rong zi feng xian jin hang ping jia 。shua qu Cshi dong cheng wu shui chu li PPPxiang mu zuo wei ju ti an li ,yun yong mo hu zeng ge ping jia fa ke yi fa xian :dong cheng wu shui chu li xiang mu zeng ge feng xian zhi wei 4.424,xiang mu rong zi feng xian zong ti shu yu zhong deng shui ping ,chu yu ke kong fan wei nei ;tong shi ,chang zhai feng xian shi xiang mu rong zi feng xian zhong wei yi feng xian zhi yu feng xian gong suo du jie gao de “shuang gao ”lei feng xian ,ying gai bei chong dian guan zhu ;jin rong feng xian shi feng xian zhi di ,feng xian gong suo du gao de “di gao ”lei feng xian ,li lv bo dong shi jin rong feng xian de zui chong yao ying xiang yin su ;zheng ce feng xian 、fa lv feng xian yu xiang mu jian she feng xian jun shu yu feng xian zhi gao 、feng xian gong suo du di de “gao di ”lei feng xian ,bing ju fa lv bian geng 、zheng fu wei yao yu jian she cheng ben bian dong dui xiang mu rong zi feng xian de ying xiang jiao da ,zai feng xian kong zhi guo cheng zhong ying gai zhao chong kao lv 。zi ran feng xian shu yu feng xian zhi di ,feng xian gong suo du di de “shuang di ”lei feng xian ,dui xiang mu rong zi feng xian de ying xiang jiao xiao ,bu shi feng xian kong zhi guo cheng zhong de chong dian 。dong cheng wu shui chu li PPPxiang mu rong zi feng xian de kong zhi shi yi ge zeng ge 、ji tong de guo cheng .xu yao jian li duo fang lian diao de feng xian kong zhi ti ji 。gen ju shi zheng jie guo yu feng xian fen dan de yuan ze ,zheng fu bu men zhu yao fu ze jia jiang shi chang jian guan jiang di shi chang bo dong feng xian ,wan shan PPPxiang mu li fa zhi fa jiu ze ti ji gui bi fa lv feng xian ,cheng li zheng fu wei yao dan bao ji jin yao shu zheng fu wei yao hang wei .,wu shui chu li xiang mu gong si ze xu duo cuo bing ju ,tui jin gong si xian dai hua guan li zhi du jian she ruo hua xiang mu yun ying feng xian 、di qu feng xian zhun bei jin fang fan xin yong zhuang kuang e hua 、yin ru shi chang ji zhi ying dui shi chang bo dong ,zhu chong ge tong yin su zhuai yi jian she cheng ben bian dong feng xian ,li yong jin rong gong ju kong zhi li lv bo dong fan wei ;tong shi ,hai xu yao shi shi feng xian dong tai guan li ,mi qie guan zhu feng xian bian hua qing kuang ;shang ye yin hang ze ying gai cong dai qian 、dai hou liang fang mian yan ge dai kuan shen pi guan li ,jiang hua zi shen xiang mu shua ze 、xiang mu ping gu yu chan pin fu wu de neng li ,duo guan ji xia bao zheng zi jin cheng gong hui shou ,chong fen yun yong zi shen de zhuan ye you shi fu zhu xiang mu gong si jin hang rong zi feng xian kong zhi ,bu duan fa hui zhu dong zuo yong ,zheng qu gou jian yi yin hang wei zhong xin de feng xian kong zhi ge ju 。
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论文详细介绍
论文作者分别是来自山东大学的刘源，发表于刊物山东大学2019-07-16论文，是一篇关于污水处理项目论文,风险评价论文,风险控制论文,模糊综合评价法论文,山东大学2019-07-16论文的文章。本文可供学术参考使用，各位学者可以免费参考阅读下载，文章观点不代表本站观点，资料来自山东大学2019-07-16论文网站，若本站收录的文献无意侵犯了您的著作版权，请联系我们删除。
标签：污水处理项目论文; 风险评价论文; 风险控制论文; 模糊综合评价法论文; 山东大学2019-07-16论文;