An Empirical Study on the Influence of Social Capital Control on China’s Energy PPP Project Investment

In order to effectively attract the participation of social capital parties and solve the shortage of project funds, it is necessary to actively explore the factors affecting the investment of energy PPP projects. Based on the data of China Energy PPP project of World Bank from 1995 to 2018, an empirical study was conducted to explore the impact of social capital control rights on energy PPP project investment. The empirical results show that the higher the social capital control right in China's energy PPP project, the greater the investment in PPP projects; the longer the energy PPP project contract period, the less PPP project investment. The research provides a reference for social capital to participate in the energy PPP project investment decision. It is also recommended that government departments can decentralize management when implementing energy PPP projects in order to better attract investment.