Research Article
Risk Evaluation of Sewage Treatment PPPABS Projects Using Combination Weight Method and D-S Evidence Theory
Table 3
Final risk system of sewage treatment PPPABS projects.
| First-level risk factors | Second-level risk factors | References |
| A1: macrorisks | C1: interest risk | Farooquee [8] | C2: law risk | Austin et al. [10] | C3: political risk | Liu et al. [13] |
| A2: basic asset risks | C4: quality risk | Liang [11] | C5: unsold risk | Hou [12] | C6: cash flow prediction deviation risk | Hou [12] | C7: basic asset compliance risk | Experts |
| A3: transaction structure risks | C8: bankruptcy isolation risk | Liu and Shao [14] | C9: prepayment risk | Liu et al. [13] | C10: SPV bankruptcy risk | Hou [12] |
| A4: operational risks | C11: underwriting and issue risk | Lyons and Martin [15] | C12: service providers risk | Hou [12] | C13: trustee risk | Farooquee [8] |
| A5: other risks | C14: government contract fulfillment risk | Liu et al. [13] | C15: majeure risk | Experts | C16: credit enhancement | Lu et al. [9] | C17: credit rating risk | Hou [12] |
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