中國(guó)水務(wù)行業(yè)融資契約研究.pdf

1、湖南大學(xué)碩士學(xué)位論文中國(guó)水務(wù)行業(yè)融資契約研究姓名：張貞樂申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：經(jīng)濟(jì)學(xué)指導(dǎo)教師：?jiǎn)毯Ｊ?0070401中國(guó)水務(wù)行業(yè)融資契約研究IVAbstractThemarketeconomyisessentiallythecontracteconomysotoestablishaneffectivecontractsystemofthesocialistisoneoftheimptantdirectionofmarketeconom

2、icrefm.Thispapermainlystudiesthehightransactioncostscausedbytheincompletewatercontractfinancehowtochoosetheoptimalcontractshowtodesigninstitutionalarrangementofthebestcontract.FalongtimeChinaswatersupplyindustryfacesthep

3、roblemsoflowoperatingefficiencyinadequateinvestmentfundtheunderlyingreasonisthatthefinancingneedsofwatersecthadnotbeenmetinthecapitalmarkets.Therefethegovernmentthroughtheintroductionofafranchiseagreementestablishedthema

4、rketfinancingmodelofwatersect.Thewaterfinancialcontractsbasedonthefranchiserightsarethecontractgameamongdifferentplayers(Elementowner)Participantsinclude:governmentwaterenterprisesinvests.Itisactuallyakindofincompletecon

5、tractswhenfinancingcontractweresignedbeauseofthecontractingenvironmentlimitedrationalitythehumanfactthetimefactthesignaturetheimplementationprocessofthefinancingcontractexisthightransactioncostswhilethegovernmentwatersup

6、plyenterprisesinvestshavedifferentobjectivefunctionunderthelimitedrationalassumptionwhenmarginaltransactioncostoffinancingcontractisgreaterthanthemarginalprivaterevenuetheoptimalchoiceistobrakeThroughtheintroductionofthr

7、eewaterfinancingcasesthispaperprovestheexistenceofhightransactioncostsinourwatersupplywhichiscausedbytheincompletecontractthismayeventuallyleadtothefailureofthecontractfinancing.Duetoincompletecontractsthegovernmentfaces

8、differentchoices:shttermfinancinglongtermfinancingequityfinancingdebtfinancingthispapermakeacomparativeanalysisofthesefourcontractseventuallyreachaconclusion.finallylistssomesuggestiontooptimizewatercontractfinancefromth