Public–private partnership (PPP) has been increasingly imported to deliver infrastructure and public services around the world. As an emerging public procurement mode, PPP has drawn considerable attention both from academy and industry. We construct a PPP shareholder network of China and analyze its topological complexity, robustness, and geographic structure. We find that the PPP shareholder network exhibits small-world behavior and a heavy-tailed degree distribution. Using multiple centrality measures, we investigate the network robustness under various attack strategies. The results show that the targeted attack destroys the network more efficiently than the random attack, especially the degree-based and betweenness-based attacks. For geographic topology, it exhibits a hierarchical spatial structure in which Beijing is the central hub and provincial capitals are regional centers. Our research has significant implications for policy-making to improve supervision for enterprises involved in PPP projects.
Zhao et al. (Tue,) studied this question.