1. Fine Tuning the Market

This book aims to explore the investment decision-making of private enterprises from the perspective of policy uncertainty in the process of cooperation between the government and social capital. The vitality of private capital is an important means of promoting economic development and expanding social employment. The book includes the following contents: taking the investment willingness of private enterprises as the analysis unit, based on institutional theory, resource dependence theory, enterprise behavior theory, etc., systematically constructing a theoretical framework of “policy uncertainty-investment confidence-enterprise investment”; Explore the connotation and internal causes of the uncertainty of PPP policy, and construct a “central and prefecture-level city” policy uncertainty text thesaurus, measurement system and quantitative indicators; Explore the impact of policy uncertainty on investor confidence and the adaptability of private enterprise operations, and analyze the constraint or promoting effects of innovation vitality and industrial structure on policy uncertainty; Explore the spatial spillover effect of local PPP policy uncertainty on private enterprise investment. This book tests the hypothetical relationship between policy uncertainty, investment confidence, and private enterprise investment based on policy texts, PPP listed company information, and identifies key factors affecting private enterprise cooperative investment. This has important academic value for enriching institutional theory, expanding PPP research, and has significant theoretical and practical value for promoting social capital investment and stimulating the vitality of private enterprises.