Research On Risk Bearing Of Pension Institution Construction Project In PPP Model

With the continuous development of society,the seriousness of the problem of population aging has become increasingly prominent.The government financial strength will be difficult to meet the investment needs of the pension agency,which provides a good opportunity for social capital to participate in the construction of the pension agency,at the same time,the construction of pension institutions to introduce PPP model is gradually being concerned with pay attention to.Due to the long payback period of investment of pension institutions,using the PPP model will face more risk factors in the process of project construction and operation,resulting in income uncertainty,and social capital is very concerned about the economic benefits of the project,in order to improve their participation in the initiative and enthusiasm of the project,it is necessary to PPP risk model under the pension institutions undertake to carry out thorough research.First of all,this paper introduces the operation mode of the PPP model in the field of pension institutions in china.Then from the political risk,force majeure risk,economic risk,legal risk,market demand changes in five aspects of risk identification system;WBS-RBS identification of non system risk,system risk and non system risk identified 25 risk factors.Through the survey analysis,probability of occurrence and damage degree of various risk factors,calculate the degree of risk factors on the comprehensive effect of the project,and then obtain the contribution of each risk,provide a reference for the primary and secondary risk sharing problems.Secondly,from the two angles of the public sector and the private sector,this paper analyzes the risk sharing subjects of the project.According to the theory of risk control,using the Delphi method,the risk of a single subject is allocated,and the subject of each risk is obtained.Then share based game analysis in the existing PPP project risk,considering the asymmetric position of both public and private,the bargaining model of the negotiation process,if the public sector and the private sector's attitude to risk aversion is selected,negotiation cost coefficient and the private sector as a share of the risk transfer parameters,determine the risk of both public and private.Share,calculate the risk coefficient.Based on the proportion of investment and the coefficient of risk taking,this paper puts forward the method of benefit allocation.In the end,the paper takes a pension institution in K city as an example.In the design and negotiation of PPP contract,the way of risk will seriously affect the success or failure of the project.This paper aims to provide a theoretical reference for the implementation of the pension institutions in China under the PPP model,which can reasonably share the risks and meet the interests of all parties involved.