对PPP-ABS投资环境的评估基于水平差最大化和TOPSIS方法的联合加权
Lijun Zhang1, Junwen Feng1, Bo Feng2,3
1School of Economics and Management, Nanjing University of Science and Technology, Nanjing, Jiangsu, China.
PloS one
|December 14, 2023
概括
本研究评估了公私伙伴关系 (PPP) 资产支持证券化 (PPP-ABS) 的投资环境,发现了稳定的上升趋势. 在政府指导和市场风险控制方面有所改善,尽管会计和流动性挑战仍然存在.
科学领域:
- 金融经济学 金融经济学
- 基础设施融资 基础设施融资
- 证券化 证券化是一种证券化.
背景情况:
- 资产支持证券化 (ABS) 是公私伙伴关系 (PPP) 基础设施项目的关键再融资工具.
- 评估PPP项目资产支持证券化 (PPP-ABS) 的投资环境对于投资者信心至关重要.
研究的目的:
- 评估PPP-ABS的投资环境.
- 为投资者提供见解,并促进可持续的PPP-ABS发展.
主要方法:
- 建立了PPP-ABS投资环境评估指标系统.
- 使用AHP (主观) 和 (客观) 方法组合确定指标权重.
- 通过TOPSIS方法评估了2015-2022年的PPP-ABS投资环境.
主要成果:
- PPP-ABS投资环境显示出稳定且上升的趋势.
- 政府的指导措施改善了批准,披露和监管,导致ABS产品的增长和可控制的市场风险.
- 挑战包括不充分的会计/税收系统,二级市场流动性低,以及COVID-19后的经济复苏.
结论:
- PPP-ABS是合理的和可行的,具有整体积极的投资前景.
- 监管和市场机制的持续改进是必要的.
- 调查结果为投资者决策和可持续的PPP-ABS增长提供了参考.
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