Investigating Critical Factors That Encourage Private Partners to Participate in Sports and Leisure Characteristic Town Public-Private Partnerships: Evidence from China

Abstract

The Sports and Leisure Characteristic Town (SLCT) has become a reasonable strategy for enhancing the sustainability of new urbanization processes in rural China. Although the Chinese government has issued a series of policies to support the development of SLCTs, limited financial resources are a major obstacle. Thus, public-private partnerships (PPPs) have been increasingly encouraged for establishing SLCT projects. However, the factors that significantly influence private partners’ willingness to participate in SLCT PPP projects remain unclear. The authors of this paper conducted expert interviews and questionnaire surveys concerning the SLCT PPP projects that have been implemented in China, identifying 23 factors that can be grouped into five major components using principal component factor analysis. Multiple linear regression was then performed to evaluate the relationships between factors and private partners’ willingness to participate. The results indicated that the factors that critically influence private partners’ willingness to participate include stakeholder factors, the internal factors of private partners, external environmental risk factors, the supporting measure factors of SLCTs, and the locational factors of SLCTs. This work also offers suggestions for encouraging private partners to participate in SLCT PPP projects. This study can provide a theoretical basis and practical guidance for government and private partners in order to help them implement sustainable SLCT PPP projects.

Renewable energy public–private partnerships in developing countries: Determinants of private investment

“…Wang, Liu, Xiong, and Song (2019) identify the risk allocation and the institutional environment as relevant factors for private participation in PPPs from different countries; they also extend their previous research by studying the effect of government support programmes (Wang, Liu, Xiong, & Zhu, 2019). Finally, Chen, Zhao, Zhou, and Zhang (2020) explore the determinants of the private share in sports and leisure characteristics town PPPs in China 3…”

“…https://www.un.org/sustainabledevelopment/.2 CO 2 emissions from fuel combustion highlights 2019, available at: https://webstore.iea.org/co2-emissions-from-fuel-combustion-2019highlights.3Chen et al (2020) explain that (p. 1) "The Sports and Leisure Characteristic Town (SLCT) has become a reasonable strategy for enhancing the sustainability of new urbanization processes in rural China".…”

“…3 3 Chen et al (2020) explain that (p. 1) “ The Sports and Leisure Characteristic Town (SLCT) has become a reasonable strategy for enhancing the sustainability of new urbanization processes in rural China ”. …”

A comprehensive evaluation of private sector investment decisions for sustainable water supply systems using a fuzzy-analytic hierarchy process: A case study of Ha Nam province in Vietnam

“… [ 52 ] 12 Experience in participating in rural water supply projects Experience helps enterprises better control profit and risk. [ 37 , 52 ] 13 Finance of the enterprise Enterprises with abundant finance and higher profits tend to be interested and participate in PPP projects. [ 37 ] 14 Community support The community's willingness to assist in land acquisition, use the service, and pay service fees.…”

“… [ 37 , 52 ] 13 Finance of the enterprise Enterprises with abundant finance and higher profits tend to be interested and participate in PPP projects. [ 37 ] 14 Community support The community's willingness to assist in land acquisition, use the service, and pay service fees. [ 52 ] 15 The community's high demand for clean water High demand indicates potential high consumption, which suggests that the project will obtain higher profit and quickly recover capital.…”