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Project Finance in Theory and Practice

Project Finance in Theory and Practice
Designing, Structuring, and Financing Private and Public Projects

by Stefano Gatti

  • Publisher : Academic Press
  • Release : 2013
  • Pages : 464
  • ISBN : 0123919460
  • Language : En, Es, Fr & De
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This book presents comprehensive coverage of project finance in Europe and North America. The Second Edition features two new case studies, all new pedagogical supplements including end-of-chapter questions and answers, and insights into the recent market downturn. The author provides a complete description of the ways a project finance deal can be organized - from industrial, legal, and financial standpoints - and the alternatives available for funding it. After reviewing recent advances in project finance theory, he provides illustrations and case studies. At key points Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals. Forword by William Megginson, Professor and Rainbolt Chair in Finance, Price College of Business, The University of Oklahoma Comprehensive coverage of theory and practice of project finance as it is practiced today in Europe and North America Website contains interactive spreadsheets so that readers can input data and run and compare various scenarios, including up to the minute treatment of the cutting-edge areas of PPPs and the new problems raised by Basel II related to credit risk measurement

Corporate and Project Finance Modeling

Corporate and Project Finance Modeling
Theory and Practice

by Edward Bodmer

  • Publisher : John Wiley & Sons
  • Release : 2014-10-10
  • Pages : 624
  • ISBN : 1118854454
  • Language : En, Es, Fr & De
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A clear and comprehensive guide to financial modeling and valuation with extensive case studies and practice exercises Corporate and Project Finance Modeling takes a clear, coherent approach to a complex and technical topic. Written by a globally-recognized financial and economic consultant, this book provides a thorough explanation of financial modeling and analysis while describing the practical application of newly-developed techniques. Theoretical discussion, case studies and step-by-step guides allow readers to master many difficult modeling problems and also explain how to build highly structured models from the ground up. The companion website includes downloadable examples, templates, and hundreds of exercises that allow readers to immediately apply the complex ideas discussed. Financial valuation is an in-depth process, involving both objective and subjective parameters. Precise modeling is critical, and thorough, accurate analysis is what bridges the gap from model to value. This book allows readers to gain a true mastery of the principles underlying financial modeling and valuation by helping them to: Develop flexible and accurate valuation analysis incorporating cash flow waterfalls, depreciation and retirements, updates for new historic periods, and dynamic presentation of scenario and sensitivity analysis; Build customized spreadsheet functions that solve circular logic arising in project and corporate valuation without cumbersome copy and paste macros; Derive accurate measures of normalized cash flow and implied valuation multiples that account for asset life, changing growth, taxes, varying returns and cost of capital; Incorporate stochastic analysis with alternative time series equations and Monte Carlo simulation without add-ins; Understand valuation effects of debt sizing, sculpting, project funding, re-financing, holding periods and credit enhancements. Corporate and Project Finance Modeling provides comprehensive guidance and extensive explanation, making it essential reading for anyone in the field.

Project Finance in Theory and Practice, 2nd Edition

Project Finance in Theory and Practice, 2nd Edition
A Book

by Stefano Gatti

  • Publisher : Unknown Publisher
  • Release : 2012
  • Pages : 496
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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This book presents comprehensive coverage of project finance in Europe and North America. The Second Edition features two new case studies, all new pedagogical supplements including end-of-chapter questions and answers, and insights into the recent market downturn. The author provides a complete description of the ways a project finance deal can be organized-from industrial, legal, and financial standpoints-and the alternatives available for funding it. After reviewing recent advances in project finance theory, he provides illustrations and case studies. At key points Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals. *Forword by William Megginson, Professor and Rainbolt Chair in Finance, Price College of Business, The University of Oklahoma *Comprehensive coverage of theory and practice of project finance as it is practiced today in Europe and North America *Website contains interactive spreadsheets so that readers can input data and run and compare various scenarios, including up to the minute treatment of the cutting-edge areas of PPPs and the new problems raised by Basel II related to credit risk measurement.

Studyguide for Project Finance in Theory and Practice: Designing, Structuring, and Financing Private and Public Projects by Stefano Gatti, ISBN 9780123919465

Studyguide for Project Finance in Theory and Practice: Designing, Structuring, and Financing Private and Public Projects by Stefano Gatti, ISBN 9780123919465
A Book

by Cram101 Textbook Reviews

  • Publisher : Cram101
  • Release : 2013-01-01
  • Pages : 85
  • ISBN : 9781490228938
  • Language : En, Es, Fr & De
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Never HIGHLIGHT a Book Again! Virtually all of the testable terms, concepts, persons, places, and events from the textbook are included. Cram101 Just the FACTS101 studyguides give all of the outlines, highlights, notes, and quizzes for your textbook with optional online comprehensive practice tests. Only Cram101 is Textbook Specific. Accompanys: 9780123919465 .

Renewable Energy Finance

Renewable Energy Finance
Theory and Practice

by Santosh Raikar,Seabron Adamson

  • Publisher : Academic Press
  • Release : 2019-11
  • Pages : 298
  • ISBN : 0128164417
  • Language : En, Es, Fr & De
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Renewable Energy Finance: Theory and Practice integrates the special characteristics of renewable energy with key elements of project finance. Through a mixture of fundamental analysis and real-life examples, readers learn how renewable energy project finance works in actual deals that mix finance, public policy, legal, engineering and environmental issues. The skills developed in analyzing non-recourse cash flow-based finance are applicable not only to green energy, but also apply more widely in project finance and infrastructure investing. The book's comparisons of developed and developing countries make it valuable to readers worldwide. Presents real world cases in each chapter Includes a companion website that contains renewable energy project finance models and other resources Supports efforts to achieve environmental sustainability through renewable financing projects and cleaner production techniques

Principles of Project Finance

Principles of Project Finance
A Book

by E. R. Yescombe

  • Publisher : Elsevier
  • Release : 2002-07-06
  • Pages : 344
  • ISBN : 0080514820
  • Language : En, Es, Fr & De
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This introduction for practitioners offers a balanced view of project financing, integrating legal, contractual, scheduling, and other areas that participate in large multiparty projects, large single-asset purchases, and broad-based financing programs for fleets of assets. It mixes theories and case studies but avoids becoming too oriented toward applications in any one particular industry. It focuses on the concepts and techniques required by project finance people without being overly academic or beset by case studies. The author, who has a legal background, recognizes that some legal information is necessary, but he doesn't attempt to write a law book. Project Finance refers to the techniques of financing projects which are dependent on cash flows for repayment, as defined by the contractual relationships within each project. By their very nature, these types of projects rely on a large number of integrated contractual arrangements for successful completion and operation. Project finance is an element within the larger field of project management. Many organizations around the world utilize project management to enable innovative processes, to plan, organize, and control strategic initiatives, to monitor enterprise performance, to analyze significant deviations, and to forecast their impact on the organization and project(s). Project management can be found in many industries today, from construction and information systems to healthcare, financial services, education, and training. A comprehensive and authoritative guide to the theory and practice of project finance An international scope, covering projects in both the developed and developing worlds The book describes and explains: Sources of project finance Typical commercial contracts (such as those for construction of the project and sale of its product or services) and their impact on the project finance structure Project finance risk assessment from the points of view of lenders, investors, and other project parties Structuring the project finance debt The key issues in negotiating a project finance debt facility Extensive glossary and cross-referencing No prior knowledge of project finance or financing techniques is assumed

Introduction to Project Finance in Renewable Energy Infrastructure

Introduction to Project Finance in Renewable Energy Infrastructure
Including Public-Private Investments and Non-Mature Markets

by Farid Mohamadi

  • Publisher : Springer Nature
  • Release : 2021
  • Pages : 262
  • ISBN : 3030687406
  • Language : En, Es, Fr & De
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What is project finance? What makes project or structured finance so relevant for large renewable energy infrastructure? Which vocabulary do I need to know in order to speak the same language during meetings with lawyers, investors, bankers and engineers? These questions and many more are answered throughout this book, offering real world examples to bridge the gap between theory and practice. The book details the role of each stakeholder in the development of renewable energy projects, the interconnection between all the agreements, the financial process from fundraising to financial close, the processes of due diligence, risk analysis, project investment valuation and much more. It also provides with an introduction to Portfolio Management using renewable energy assets and an explanation of the role of Climate Finance in green energy investments. The commented glossary enables readers to unpick the jargon used in project finance for renewable energy, and the numerous creative figures and comprehensive tables aid with understanding. Offering a complete picture of the discipline, Introduction to Project Finance in Renewable Energy Infrastructure will be of value to professionals, engineers and academics alike interested in understanding the process and components of project finance in renewable energy infrastructures, in both private and public-private contexts.

Corporate Finance

Corporate Finance
Theory and Practice

by S R Vishwanath

  • Publisher : SAGE Publishing India
  • Release : 2007-03-07
  • Pages : 764
  • ISBN : 9351500071
  • Language : En, Es, Fr & De
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This—revised and enhanced—book examines the role of finance in supporting other functional areas while fostering an understanding of how financial decisions can create value. Corporate Finance covers areas related to estimating divisional cost of capital; executing a financing strategy; establishing debt and dividend policies consistent with the company`s strategy and environment; choosing between dividends and stock repurchases; managing high growth and managing working capital. Its new topics include: - Corporate Financial Flexibility (Real options) - New Financial Instruments - Project Finance - Acquisitions and Control - Performance Measurement and Incentive Compensation The goal of this book is to provide a thorough understanding of how and why firms make their financial decisions the way they do and their impact on shareholder value. The central theme of the book is Value Based Management, which assumes that maximizing shareholder value is the governing objective of a firm. Each chapter of this new edition has detailed and real-life cases to help students easily understand and grasp concepts. The author has also provided the case-map of the Harvard Business School to make this book more user-friendly in classrooms. The inclusion of several new topics/cases, extensive pedagogical tools and a finance-for-non-finance approach make this book ideal for MBA/CA/CFA/ICWA students and executive education programs.

Project Finance in Emerging Markets

Project Finance in Emerging Markets
A Book

by Niccolò Viti

  • Publisher : GRIN Verlag
  • Release : 2020-02-24
  • Pages : 88
  • ISBN : 3346119033
  • Language : En, Es, Fr & De
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Thesis (M.A.) from the year 2014 in the subject Business economics - Investment and Finance, grade: 105, University of Siena, course: MSc in Finance, language: English, abstract: Project Finance approach is an important financing mechanism because of its intrinsic features and differences with respect to the conventional corporate finance. It has experienced a rapid development and growth in the last decades both in developed and developing countries. The aim of this dissertation is to study and deepen the Project Finance in Emerging Markets framework. After a brief introduction of the main general features of this approach, it will focus on the developing countries context: the historical evolution overview, the risks evaluation, the international institutions involved and the economic impact of project finance in this scenario. Furthermore, financial feasibility study will be conducted in order to evaluate a project over several financial and economic aspects. Finally, all these theoretical issues will be empirically applied to the PMESA case study. It regards a hydroelectric power plant built in Brazil in the early 2000s through the project finance approach. The project evaluation is time located in these years because Brazil was considered an emerging market and it presented some peculiar economic and financial characteristics.

Modern Project Finance

Modern Project Finance
A Casebook

by Benjamin C. Esty

  • Publisher : John Wiley & Sons Incorporated
  • Release : 2004
  • Pages : 562
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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This cutting-edge financial casebook is divided into four modules: Structuring Projects, Valuing Projects, Managing Project Risk, and Financing Projects. The cases have been carefully selected to reflect actual use of project finance over the past five years in terms of geographic location (the cases come from 15 different countries) and industrial sectors. * Benjamin Esty, of the Harvard Business School, is one of the leading scholars in project finance. * Project finance is becoming the financing mechanism of choice for many private firms. * Cases require the reader to integrate knowledge from multiple disciplines when making a single managerial decision. This integration of functional areas such as strategy, operations, ethics, and human resource management encourages the reader to adopt a more integrative perspective and understanding of the interconnectedness of managerial decision-making.

Project Finance for Business Development

Project Finance for Business Development
A Book

by John E. Triantis

  • Publisher : John Wiley & Sons
  • Release : 2018-05-08
  • Pages : 400
  • ISBN : 1119486084
  • Language : En, Es, Fr & De
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Raise the skill and competency level of project finance organizations Project Finance for Business Development helps readers understand how to develop a competitive advantage through project finance. Most importantly, it shows how different elements of project finance, such as opportunity screening and evaluation, project development, risk management, and due diligence come together to structure viable and financeable projects—which are crucial pieces missing from the current literature. Eliminating misconceptions about what is really important for successful project financings, this book shows you how to develop, structure, and implement projects successfully by creating competitive advantage. By shedding light on project finance failures, it also helps you avoid failures of your own. • Offers a roadmap for successful financing, participant roles and responsibilities, and assessing and testing project viability • Considers project finance from a broad business development and competitive advantage • Provides a strategic decision-forecasting perspective • Delves deeper than existing treatments of project finance into decisions needed to create and implement effective financing plans Helping readers develop, structure, and implement projects successfully by creating competitive advantage, this book is a useful tool for project sponsors and developers, helping them structure and implement projects by creating competitive advantage.

Towards a Theoretical Foundation of Project Finance and Its Practice in South Africa

Towards a Theoretical Foundation of Project Finance and Its Practice in South Africa
A Book

by David Rabinowitz

  • Publisher : Unknown Publisher
  • Release : 2008
  • Pages : 194
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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The Law and Business of International Project Finance

The Law and Business of International Project Finance
A Resource for Governments, Sponsors, Lawyers, and Project Participants

by Scott L. Hoffman

  • Publisher : Cambridge University Press
  • Release : 2007-10-22
  • Pages : 129
  • ISBN : 9781139468855
  • Language : En, Es, Fr & De
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This 2007 third edition continues to be a comprehensive and authoritative guide to the business, practice, law, and practical use of project finance. It covers the complete project finance structure, from conception to negotiation to debt closing, and from project difficulties to successful restructuring. The book continues to be accessible to those with little experience in project finance, while maintaining the insight and detail of previous editions that has made it a valuable reference for the experienced lawyer, manager, banker, contractor, and government official. This edition focuses on a real-world, practical approach to project finance, without the overuse of case studies and economic theory. Yet the contract forms, detailed glossary, index, and project finance bibliography make it a complete text.

Risk Allocation and Mitigation Methods for Financing Cross Border Projects

Risk Allocation and Mitigation Methods for Financing Cross Border Projects
A Book

by Anonim

  • Publisher : Unknown Publisher
  • Release : 2012
  • Pages : 216
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Funding and Financing Transport Infrastructure

Funding and Financing Transport Infrastructure
Business Models to Enhance and Enable Financing of Infrastructure in Transport

by Athena Roumboutsos,Hans Voordijk,Aristeidis Pantelias

  • Publisher : Routledge
  • Release : 2017-09-07
  • Pages : 272
  • ISBN : 1351866222
  • Language : En, Es, Fr & De
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This book seeks to enhance understanding of the impacts of project setup and its implementation environment on project performance by leveraging information from the study of a rich set of European transport infrastructure project cases. It puts forward a system’s view of project delivery and aims to serve as a strategic tool for decision makers and practitioners. The proposed approach is not limited to specific stakeholder views. On the contrary, it allows stakeholders to formulate their own strategies based on an holistic set of potential implementation scenarios. Furthermore, by including cases of projects that have been influenced by the recent financial crisis, the book aims to capitalise on experiences and provide guidelines as to the design and implementation of resilient projects delivered both through traditional as well as Public Private Partnership (PPP) models. Finally, the book proposes a new Transport Infrastructure Resilience Indicator and a corresponding project rating system that can be assessed with an eye to the future, ultimately aiming to support the successful delivery of transport infrastructure projects for all stakeholders involved.

Real Options in Theory and Practice

Real Options in Theory and Practice
A Book

by Graeme Alexander Guthrie

  • Publisher : Financial Management Associati
  • Release : 2009
  • Pages : 414
  • ISBN : 0195380630
  • Language : En, Es, Fr & De
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Decision makers face a staggering array of problems in business and economics. Managers of growing firms have to decide when to exercise growth options and expand their business. Governments have to decide whether to undertake large infrastructure investments. Managers of oil firms must decidehow rapidly to deplete their reserves. Owners of land must decide when and how to develop their asset. Operators of power plants must decide when to start them up and when to shut them down. While these problems seem quite diverse, they share many important features. In each case, the decision makermust choose when to take a particular action that will be difficult, if not impossible, to reverse. In each case, the consequences of taking (or not taking) that action are uncertain. And in each case, the timing and nature of the actions taken by the decision makers directly affect the cash flowsgenerated by the entities they manage. Real options that arise in the real world often vary radically from one problem to another. These differences may arise due to the particular real options embedded in the projects and the order in which they can be exercised. They may arise due to different underlying sources of uncertainty (withpossibilities ranging from easily observable commodity prices to almost unquantifiable factors such as the technological viability of a project. The possibilities are almost endless. This book focuses on building a general approach to solving real options problems from the ground up to show readershow real options can be assembled in a way appropriate to the individual problem being analyzed. The book, part of the Financial Management Association Survey and Synthesis Series, will be a valuable asset to practitioners who want to develop their analytical techniques and also graduate students who will eventually become practitioners. It presents building blocks needed to carry outsuccessful real options analysis and shows how these can be assembled in a way that is appropriate to a wide variety of problems in business and economics. The book contains a CD with spreadsheets that can be to fit the wide variety of real-world problems that readers will confront.

Structured Finance

Structured Finance
Techniques, Products and Market

by Stefano Caselli,Stefano Gatti

  • Publisher : Springer
  • Release : 2017-10-09
  • Pages : 207
  • ISBN : 3319541242
  • Language : En, Es, Fr & De
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This book, now in its second edition, provides an in-depth overview of all segments of the structured finance business, with particular reference to market trends, deal characteristics and deal structuring. The goal is to assist readers in gaining a clear understanding of the common features of structured finance transactions. The process of deal structuring for each type of transaction is carefully analyzed, with extensively updated chapters on asset securitization, project finance, structured leasing transactions and leveraged acquisitions. In the new edition, particular attention is paid to novel areas of intervention, such as public–private partnerships and non-performing loans in the resolution of bank restructuring. Although the subject of much criticism, structured finance, when used properly, offers an effective solution to the credit crunch that many European countries are suffering and is also a way to revive a single capital market for debt instruments. Readers will find this book to be an illuminating guide to the business and to the best market practices in organizing transactions. It will be of value for BSc and MSc finance students, professionals and consultants alike.

Project Finance for the International Petroleum Industry

Project Finance for the International Petroleum Industry
A Book

by Robert Clews

  • Publisher : Academic Press
  • Release : 2016-04-07
  • Pages : 416
  • ISBN : 0128005297
  • Language : En, Es, Fr & De
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This overview of project finance for the oil and gas industry covers financial markets, sources and providers of finance, financial structures, and capital raising processes. About US$300 billion of project finance debt is raised annually across several capital intensive sectors—including oil and gas, energy, infrastructure, and mining—and the oil and gas industry represents around 30% of the global project finance market. With over 25 year’s project finance experience in international banking and industry, author Robert Clews explores project finance techniques and their effectiveness in the petroleum industry. He highlights the petroleum industry players, risks, economics, and commercial/legal arrangements. With petroleum industry projects representing amongst the largest industrial activities in the world, this book ties together concepts and tools through real examples and aims to ensure that project finance will continue to play a central role in bringing together investors and lenders to finance these ventures. Combines the theory and practice of raising long-term funding for capital intensive projects with insights about the appeal of project finance to the international oil and gas industry Includes case studies and examples covering projects in the Arctic, East Africa, Latin America, North America, and Australia Emphasizes the full downstream value chain of the industry instead of limiting itself to upstream and pipeline project financing Highlights petroleum industry players, risks, economics, and commercial and legal arrangements

Corporate Finance: Theory and Practice in Emerging Economies

Corporate Finance: Theory and Practice in Emerging Economies
Theory and Practice in Emerging Economies

by Sunil Mahajan

  • Publisher : Cambridge University Press
  • Release : 2020-06-30
  • Pages : 410
  • ISBN : 1108486967
  • Language : En, Es, Fr & De
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The book introduces corporate finance to first year students in business schools. Basic subjects such as marketing, human resources and finance are all fundamental to the learning of a business manager. A book on these subjects must emphasise learning that is conceptual in nature and at the same time, application oriented. This book attempts to achieve this in a manner that is comprehensive and shorn of complexity. It examines the practice of finance without diluting theory and conceptual knowledge. Corporate finance is necessarily quantitative in nature and the book duly places emphasis on that aspect. It ensures the primacy of ideas and concepts utilising numbers as supportive elements.

Property Finance

Property Finance
An International Approach

by Giacomo Morri,Antonio Mazza

  • Publisher : John Wiley & Sons
  • Release : 2015-01-12
  • Pages : 272
  • ISBN : 1118764404
  • Language : En, Es, Fr & De
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A unique, international approach to optimal real estate financing Property Finance is an authoritative guide to both the financial and legal issues surrounding real estate financing. Unique in its exclusive focus on the topic, this book builds from a solid theoretical foundation to provide practical tools and real-world solutions. Beginning with a discussion of the general issues encountered in real estate finance from an international perspective, the authors delve into country-specific information and set out the legal peculiarities of eight important countries (Germany, France, Italy, Spain, China, India, England and Wales) by asking questions of relevance to the leading local law firms specializing in real estate financing. The reader may thus consider in greater depth the problems relating to any given country and compare and contrast the positions under different legal systems. Examples with numerical calculations and contract excerpts enhance the explanations presented, and are immediately followed by practical case studies that illustrate the mechanisms at work. The companion website features downloadable spreadsheets used in the examples, power point presentations, as well as real estate news and more. Property financing entails many sources of capital, including both debt and equity resources as well as hybrid forms like preferred equity and mezzanine debt. Knowing how to work with these avenues is important to ensuring financial sustainability in real estate assets. Property Finance covers the most common issues encountered, helping readers prepare for and find a way around possible roadblocks. Consider the issues surrounding real estate lending at an international level Compare and contrast the positions under different legal systems Develop an international perspective on cash flows and financing agreements Use powerful tools to structure financing and gauge its effects on property financing The success of a real estate investment is dependent upon optimal financing, and a mere bird's eye view of the topic does not fully prepare investors for issues ahead: Property Finance provides a knowledge-based approach to real estate investment, detailed information and powerful tools.