Risk, Capital Costs, and Project Financing Decisions PDF Download
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Author: F.G.J. Derkinderen
Publisher: Springer Science & Business Media
ISBN: 9400981295
Category : Business & Economics
Languages : en
Pages : 285
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Book Description
The ending of the decade of the seventies and the dawning of the eighties can be characterized as a period of great uncertainty with prospects for economic political instability. High inflation and fluctuating exchange rates in the de veloped Western world have served to strengthen the forces of disequilibrium in the fmancial markets, leading to an investment situation with several unusual but significant factors. Capital spending by business, leading to the creation of new jobs, has not been reduced substantially during this period of uncertainty, as happened in similar periods in the past. This is shown in part by the continuing low unemployment rates in evidence during the period, which are in contradic tion to the trend exhibited in similar past periods. The expanding financing re quirements resulting from high price inflation have led to an increase in the capital intensity of firms, and thus to enhanced sensitivity of their income streams to economic fluctuations. At the same time, the record high interest rates that companies have had to pay to acquire this inflated amount of capital have caused a deterioration in the safety or quality indica tors by which the creditworthiness of the firms is judged. These developments tend to increase vii viii INTRODUCTION the stakes involved in business decision making. One important repercussion of this is that greater attention is now being focused on improving the quality of investment decisions.
Author: F.G.J. Derkinderen
Publisher: Springer Science & Business Media
ISBN: 9400981295
Category : Business & Economics
Languages : en
Pages : 285
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Book Description
The ending of the decade of the seventies and the dawning of the eighties can be characterized as a period of great uncertainty with prospects for economic political instability. High inflation and fluctuating exchange rates in the de veloped Western world have served to strengthen the forces of disequilibrium in the fmancial markets, leading to an investment situation with several unusual but significant factors. Capital spending by business, leading to the creation of new jobs, has not been reduced substantially during this period of uncertainty, as happened in similar periods in the past. This is shown in part by the continuing low unemployment rates in evidence during the period, which are in contradic tion to the trend exhibited in similar past periods. The expanding financing re quirements resulting from high price inflation have led to an increase in the capital intensity of firms, and thus to enhanced sensitivity of their income streams to economic fluctuations. At the same time, the record high interest rates that companies have had to pay to acquire this inflated amount of capital have caused a deterioration in the safety or quality indica tors by which the creditworthiness of the firms is judged. These developments tend to increase vii viii INTRODUCTION the stakes involved in business decision making. One important repercussion of this is that greater attention is now being focused on improving the quality of investment decisions.
Author: E. R. Yescombe
Publisher: Academic Press
ISBN: 0124157556
Category : Business & Economics
Languages : en
Pages : 575
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Book Description
The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance. Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects. With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations. - Provides a basic introduction to project finance and its relationship with other financing techniques - Describes and explains: sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements
Author: Carmel De Nahlik
Publisher: World Scientific
ISBN: 9811233209
Category : Business & Economics
Languages : en
Pages : 489
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Book Description
The book describes the different tools and techniques available to anyone who is engaged in providing funding or advice to a project. Project finance is ultimately about applying three basic principles to a funding situation and from these three, all the other ideas flow including contracts. First, there needs to be a cash flow coming from the project that is capable of being captured by finance providers. Second, there needs to be a group of assets that can be segregated and contained by making sure they cannot be taken away by other parties and thirdly there needs to be a risk envelope that is well understood and managed dynamically during the project's life. To do this, a network of contracts must exist to support the rights of the different stakeholders and their legal claims on the project. In this book the authors examine all of these aspects and provide some examples/mini-cases of project structures and approaches. The book begins and ends with a longer case study of two projects that were standalone examples of project financing and controversial for different reasons at the time of their fundraising.Bundle Set: Project Financing (Analyzing and Structuring Projects & Financial Instruments and Risk Management)
Author: Chris Hendrickson
Publisher: Chris Hendrickson
ISBN: 0137312660
Category : Construction industry
Languages : en
Pages : 425
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Book Description
Author: Frank J. Fabozzi
Publisher: John Wiley & Sons
ISBN: 0471488933
Category : Business & Economics
Languages : en
Pages : 1023
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Book Description
Financial Management and Analysis, Second Edition covers many important financial topics that are neglected elsewhere--from raising funds via securitization to managing a financial institution. This book provides valuable insights into many major aspects of financial management and analysis, and includes expert advice, real-world examples, useful charts and graphs, and incisive end-of-chapter questions that help develop the skill set necessary to deal with the important financial problems encountered in today's business world.
Author: Ronald Hilton
Publisher: McGraw Hill
ISBN: 007717061X
Category : Business & Economics
Languages : en
Pages : 851
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Book Description
We are pleased to present this Global Edition, which has been developed specifically to acquaint students of business with the fundamental tools of managerial accounting and to promote their understanding of the dramatic ways in which business is changing. The emphasis is on teaching students to use accounting information to best manage an organization. Each chapter is written around a realistic business or focus company that guides the reader through the topics of that chapter. There is significant coverage of contemporary topics such as activity-based costing, target costing, the value chain, customer profitability analysis, and throughput costing while also including traditional topics such as job-order costing, budgeting, and performance evaluation. Many of the real-world examples in the Management Accounting Practice boxes have been revised and updated to make them more current and several new examples have been added. This Global Edition has been adapted to meet the needs of courses outside the United States and does not align with the instructor and student resources available with the U.S. edition.
Author:
Publisher: Lulu.com
ISBN: 9291316695
Category : Bank capital
Languages : en
Pages : 294
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Book Description
Author: Arihant Experts
Publisher: Arihant Publications India limited
ISBN: 9352030680
Category : Study Aids
Languages : en
Pages : 433
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Book Description
The handbook of Business Studies has been designed for the students studying in Class XI-XII to act as the revision cum Quick Study Resource for various concepts of Business Studies. This handbook is a multipurpose quick revision resource with unique format which displays concepts clearly, places them in context and crisply identifies and describes all the factors involved. This handbook has been divided into 25 chapters namely Concepts of Business, Forms of Business Organisation (Private Sector), Entrepreneurship & Small Business, Business Environment & Strategy Formulation, Emerging Modes of Business: E-commerce, M-commerce, E-Banking & Outsourcing, Multinationals & Indian Transnationals, Management: An Overview, Evolution of Management Thoughts, Planning & Decision-making, Organising, Staffing, Directing, Communication, Controlling, Organisational Behaviour, Human Resource Management, Marketing Management, Marketing Research, Production & Operations Management, Financial Management, Financial Markets, International Business, Environment & Sustainable Development, Office Management & Business Communication and Consumer Protection & Consumerism. The study material of the book has been prepared in the form of compendium, consisting of all important topics, such as concepts, definitions, principles and procedures; well illustrated with examples and diagrams. In the nutshell, this book can be used as a compact and portable reference book for study purpose and for general reference. Due to its simple information and lucid language it can also be used for general reference. This book will prove to be highly useful for aspirants preparing for competitive examinations like CET-BBA, BCA, ICWA, CMA, CS, etc.
Author: RK Singla
Publisher: VK Global Publications
ISBN: 9356122075
Category : Business & Economics
Languages : en
Pages : 579
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Book Description
Author: H. Kent Baker
Publisher: John Wiley & Sons
ISBN: 1405151919
Category : Business & Economics
Languages : en
Pages : 504
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Book Description
Designed for those who want to gain an understanding of the fundamental concepts and techniques used in financial management. An underlying premise of the book is that the objective of the firm is to maximize value or wealth. Drawing on a wealth of experience in the academic and professional worlds, the authors discuss how firms can accomplish this objective by making appropriate investment and financing decisions. Bridging the gap between financial theory and practice, the authors present fundamental concepts in an intuitive and nontechnical way, and provide numerous practical financial tips to readers. The focus is on current practice, using results from recent surveys to show the most popular techniques and approaches used by financial managers today. A range of instructor’s resources are available at the accompanying website. Visit www.blackwellpublishing.com/baker for full details.
