Research On Risk Sharing Of PPP Projects In Colleges And Universities

China’s higher education is facing major changes that has never seen in a century.With the wide application of cooperation between government and social capital(i.e.PPP mode)in our country,the State Council Circular(Guo Fa [2017] No.4)points out that the education field can guide private capital and social forces to invest in various ways to vigorously develop higher education.Focus on the advantages of PPP,Colleges and universities began to try to use it,But it’s rare,The main reason is that the definition of the subject of the university cooperation in the PPP project is uncertain,and it is necessary to analyze the sharing mechanism and the shared structure.To further improve university infrastructure capability of colleges and universities,Support the high-quality development of education,Solve the application of PPP project risk sharing mechanism in colleges and universities,This paper takes the risk sharing of PPP projects in Colleges and universities as the research object,and takes the public goods and principal-agent theory as the theoretical basis.Through literature research,questionnaire survey and game analysis,this paper studies the PPP infrastructure project of risk sharing University.The construction of university infrastructure has important theoretical and practical significance.The main contents of this article are as follows.First,we analyze the concept of PPP,the management system of universities,and the current state of PPP projects in universities.Project.And my country’s University is related to the theory of public products.The principal agent theory is then used to analyze the internal relationships between the government and universities,universities and companies,universities,governments and businesses,and explore the logic of the generation and discovery of the risks of the project.PPP at university.Third,we use a desktop survey and questionnaire to identify risk factors for a university’s PPP project,establish a risk sharing framework,establish a risk sharing model using game theory,and analyze one-sided theories of risk and risk sharing.Fourth,an empirical case based analysis is performed to verify the applicability of the model.Through the research,the following conclusions are drawn: First,the concept connotation of PPP project in colleges and universities is the cooperation mode of public sector consortium and social capital(enterprise)consortium,but the concept of "government" cannot be used.Secondly,it explains that the basic principle of PPP project risk generation in colleges and universities is the information sufficiency and honesty of responsibility of the principal-agent relationship generated in the partnership among government,colleges and universities and corporate social capital.Thirdly,through game analysis,the proportional structure of risk sharing between public departments and social capital(enterprises)in PPP projects of provincial colleges and universities is constructed.Based on the case study of LZ University,this paper puts forward some suggestions on the implementation of risk sharing,such as confirming the risk boundary,perfecting the contract and perfecting the system and mechanism.