PPP模式下环保类公司参与流域治理意愿的影响因素分析

Factors Determining Environmental Listed Companies' Participation Desire of Watershed Management under Public–private Partnership

PPP模式有助于流域治理中资金缺口弥补和管理效率的提升。本文以计划行为理论为依据,通过结构方程模型研究环保类上市公司参与PPP模式下流域治理的意愿。研究表明:流域治理的PPP项目对行业发展具有重要意义,但还未能具备很强的吸引力;行为态度、主观规范、直觉行为控制对参与意愿具有显著的正向影响,作用依次增强;完善的外部政策环境、符合公司的发展战略、行业从业者意见是影响参与意愿最重要的指标。未来PPP模式下,吸引上市公司参与流域治理的关键在于优化政策框架和制度环境,减少流域治理中资金和管理方面的阻力。

Public–Private Partnership（PPP） helps close the funding gap and improve the management effi ciency inwatershed management. This current study, based on the theory of planned behavior, analyzed the key factors that impact entrepreneurial intention of participatingwatershed managementwith structural equation modeling. It is found thatpublic–private partnership in watershed management has a significant importance for the development of environmental listed company, which isstill lack of adequate attraction to the company;there is a signifi cant infl uenceofcompany＇s ＂behavioral intention＂ increased in the order of ＂attitude toward the behavior,＂ ＂subjective norm,＂ and ＂perceived behavioral control＂; perfect institutional environment, requirement for company＇s development strategy, comments from practitioners in this industry can represent ＂attitude toward the behavior,＂ ＂subjective norm,＂ and ＂perceived behavioral control＂ more than other indicators.From this perspective, to encourage private investment in watershed management, new measures should focus on settingreliable regulations and reducing the resistance of company＇s participation.