关键词: 动态能力, 制度能力, 控制权转移, 城市公用事业PPP项目

Abstract:  Improving the control rights of private enterprises to participate in PPP projects is an important measure to stimulate the innovation vitality of private enterprises and reduce operating costs. The process of private enterprises participating in PPP projects is essentially a dynamic game between the governments transfer and enterprises acquisition of control rights. From the perspective of cooperative governance, this paper takes two urban public utility PPP projects involving the same private enterprise as the research objects, and extract the key elements that affect the transfer of urban public utility PPP projects control. An exploratory multicase analysis method is used to excavate the control transfer mechanism of private enterprises participating in PPP projects. This paper finds that government institutional capabilities, corporate dynamic capabilities, and market competition strength are the key elements. They not only affect the transfer of control rights, but the relationship between government and enterprises plays a positive role in the above three types of influence paths. Correspondingly, there are three basic paths for private enterprises to participate in the transfer of control of PPP projects. They are capacity transfer, relationship transfer and market transfer. This research not only enriches the research results of the control rights of PPP projects, but also provides guidance and reference for improving the control rights of private enterprises participating in PPP projects.

Key words: dynamic capabilities, institutional capabilities, transfer of control right, urban public utilities PPP projects