体育场馆融资模式选择框架研究

我国传统的体育场馆建设融资模式存在建设资金有限、赛后经营困难、管理效率低等问题，已不能适应体育场馆的建设需要，迫切需要引入新的融资模式。BOT(Built-Operation-Transfer)、PPP(Public-Private-Partnership)等融资模式在国外体育场馆融资中得到了广泛应用，对我国体育场馆融资模式的更新和多样化有积极的意义。从融资难度、风险分配等方面比较各种融资模式的特点，分析了体育场馆准公共产品特点对融资模式选择的影响，提出了基于场馆类型、场馆重要程度、融资和经营难度与期望目标四维的体育场馆融资模式选择框架模型。

On the Selection Framework of Stadium Financing Model

China's traditional stadium construction financing model has many problems such as limited construction funds, difficulties in management after games and low management efficiency, etc. It has not been able to meet stadium construction needs and new financing models are demanded. BOT(Built-Operation-Transfer), PPP (Public-Private-Partnership) and other financing models were used extensively in stadium financing abroad and plays a positive role in renew and diversification of China's stadium financing models. They were compared from the difficulty of financing and risk allocation. The influence of the quasi-public product characteristics of the stadium to choosing financing model was analyzed. A stadium financing selection framework is proposed, which is based on the types of stadiums, importance of stadiums, financing and operating difficulty and the anticipant goals.