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Journal articles on the topic 'Project finance'

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1

M. Pinto, João. "What is project finance?" Investment Management and Financial Innovations 14, no. 1 (2017): 200–210. http://dx.doi.org/10.21511/imfi.14(1-1).2017.06.

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Project finance is the process of financing a specific economic unit that the sponsors create, in which creditors share much of the venture’s business risk and funding is obtained strictly for the project itself. Project finance creates value by reducing the costs of funding, maintaining the sponsors financial flexibility, increasing the leverage ratios, avoiding contamination risk, reducing corporate taxes, improving risk management, and reducing the costs associated with market imperfections. However, project finance transactions are complex undertakings, they have higher costs of borrowing
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2

Romih, Dejan. "Project Finance." Lex localis - Journal of Local Self-Government 6, no. 2 (2009): 171–81. http://dx.doi.org/10.4335/48.

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Project finance is enjoying renewed attention as a financing technique in which the lenders look primarily to the cash-flow of a project as the main source of loan reimbursement, whereas assets represent only collateral. Owing to the general misunderstanding of the terms used in respect of project finance, the purpose of the paper will be to provide clear definitions, drawing attention to different project finance transactions that can be placed on a continuum, with recourse to project sponsors ranging from non-recourse to almost complete recourse. Several characteristics of project finance wi
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Ribeiro, Sónia Patrícia dos Santos, and Adalmiro Andrare Pereira. "Project Finance." Review of Business and Legal Sciences, no. 22 (July 25, 2017): 85. http://dx.doi.org/10.26537/rebules.v0i22.1015.

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O Project Finance é uma forma de financiamento de projetos inovadora, muito utilizada nos Estados Unidos e na Europa e que se aplica essencialmente a projetos de grande escala devido às características subjacentes. Este tema é relevante devido às condições financeiras, sociais e políticas que estamos a viver. As empresas enfrentam muitas adversidades para manter o seu negócio em bom funcionamento, procurando obter vantagens competitivas, mas isso torna-se difícil quando estas não possuem meios financeiros e de gestão para sustentar os investimentos. E é aqui que o Project Finance tem um papel
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4

Alderdice, Paul, Harold Horwich, and Roger D. Feldman. "Risk Finance for Project Finance." Journal of Structured Finance 6, no. 4 (2001): 30–35. http://dx.doi.org/10.3905/jsf.2001.320233.

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5

Karekar, Deepak, and Prof Gopal Krishna Sharma. "Project Finance with Limited Resources." International Journal of Research Publication and Reviews 5, no. 1 (2024): 5429–37. http://dx.doi.org/10.55248/gengpi.5.0124.0363.

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6

Farikhi, Amrin, Christiono Utomo, and Rifki Ismal. "Islamic Infrastructure Project Finance: A Literature Review." 14th GCBSS Proceeding 2022 14, no. 2 (2022): 1. http://dx.doi.org/10.35609/gcbssproceeding.2022.2(36).

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Infrastructure plays an important role in supporting economic growth and competitiveness of a country, and well-developed infrastructure is often considered as the foundation for economic growth (Abdurraheem & Naim, 2018); (Amel et al, 2020). Infrastructure investment and economic growth are interrelated, because infrastructure improvements will have an impact on increasing economic growth, which in turn will encourage infrastructure investment (Selim et al, 2019). Infrastructure projects have a very large scope, long time span, and involve many stakeholders, and the need for investment in
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7

Obi L. E., Uwanugo, R. G., and Uchejiora M Eng. "Analysis of project financing sources and their effects on projects’ costs in Nigerian construction domain." International Journal of Engineering Research Updates 1, no. 2 (2021): 001–14. http://dx.doi.org/10.53430/ijeru.2021.1.2.0048.

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This research is on Project Financing in Nigeria. It examines the problems of project financing in the country, which include the following: Lack of adequate sources of finance for the development of projects; lack of information on appropriate sources of finance for projects development; failure of applications to the appropriate finance sources which in most cases result to project abandonment and, or project cost over-run. In attempting to prefer solutions to these problems, a critical analysis of the collected data was carried out using the following decision criteria in carrying out the f
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Magdalena, Hilyah, Hadi Santoso, and Litha Leonita. "Sistem Pendanaan Proyek Perusahaan Jasa Konstruksi Berbasis Web." INFORMAL: Informatics Journal 6, no. 3 (2021): 121. http://dx.doi.org/10.19184/isj.v6i3.26853.

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 CV. Yusti Karya as a construction company realizes that the ability to manage project finances is an important requirement for smooth project management. CV.Yusti Karya often has to manage several projects simultaneously in remote locations. This condition makes it difficult for the finance staff in the office to manage project financial allocations and also makes it difficult for project managers in the field and must report the status of project expenditures to the office. This difficulty drives CV. YustiKarya improved the project's financial management system from using
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9

Trigoso Suárez, Marco Antonio. "EL PROJECT FINANCE." Ius Inkarri, no. 6 (January 26, 2018): 361–70. http://dx.doi.org/10.31381/iusinkarri.vn6.1251.

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Tanto la actividad privada como la desarrollada por la administración pública juegan un rol trascendente para la implementación de proyectos en los que se utiliza project finance como sistema de financiación. Los vínculos se darán en todo momento, desde que se constituye la SPV pues necesitara para su funcionamiento inscribirse en el registro de personas jurídicas; el proyecto también requerirá diversas autorizaciones, por ejemplo las exigidas en el régimen de la competencia; así como licencias emitidas por las municipalidades, gobiernos regionales o centrales; la administración también está p
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10

Trigoso Suárez, Marco Antonio. "EL PROJECT FINANCE." Ius Inkarri, no. 6 (January 26, 2018): 361–70. http://dx.doi.org/10.31381/inkarri.v0i6.1251.

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Tanto la actividad privada como la desarrollada por la administración pública juegan un rol trascendente para la implementación de proyectos en los que se utiliza project finance como sistema de financiación. Los vínculos se darán en todo momento, desde que se constituye la SPV pues necesitara para su funcionamiento inscribirse en el registro de personas jurídicas; el proyecto también requerirá diversas autorizaciones, por ejemplo las exigidas en el régimen de la competencia; así como licencias emitidas por las municipalidades, gobiernos regionales o centrales; la administración también está p
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11

Stern, Selma. "International Project Finance." Journal of Structured Finance 10, no. 1 (2004): 46–54. http://dx.doi.org/10.3905/jsf.2004.46.

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12

Churchill, Anthony A. "Beyond project finance." Electricity Journal 8, no. 5 (1995): 22–30. http://dx.doi.org/10.1016/1040-6190(95)90123-x.

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13

Dedialo, A. I., and A. V. Filushina. "PROSPECTS FOR PROJECT FINANCE IN THE INFRASTRUCTURE PROJECTS." Business Strategies, no. 3 (May 20, 2016): 2. http://dx.doi.org/10.17747/2311-7184-2016-3-2.

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14

Zawawi, Noor Amila Wan Abdullah, Mahadi Ahmad, Abdullahi A. Umar, Mohd Faris Khamidi, and Arazi Idrus. "Financing PF2 Projects: Opportunities for Islamic Project Finance." Procedia Engineering 77 (2014): 179–87. http://dx.doi.org/10.1016/j.proeng.2014.07.015.

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15

Doijod, Aniket. "Review: Detect and Overcomes the Problem in Project Finance." International Journal for Research in Applied Science and Engineering Technology 12, no. 4 (2024): 3321–26. http://dx.doi.org/10.22214/ijraset.2024.60639.

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Abstract: Despite the increasing investment in constructional development over the past decade, a systematic review of construction project financing is lacking. The objectives of this paper are to conduct a systematic review to examine the policies, practices, and research efforts in the area of project finance in construction projects and to explore the potential opportunities for future research. To achieve these goals, this paper first reviewed the reasons for financial crises in the construction industry and sustainable construction project financing practices implemented by the critical
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16

Kleimeier, Stefanie. "Limited-and Nonrecourse Project Finance: a Survey." Estudios de Administración 2, no. 1 (2020): 27. http://dx.doi.org/10.5354/0719-0816.1995.56694.

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This paper reviews limited- and non-recourse project finance, a special financing approach for newly to be developed projects where the funds are directly linked to the cash flows of the project. This survey comprises a comprehensive literature review on project finance. Practitioner literature is reviewed with respect to project risks and hedging possibilities, project participants, the legal framework of the project company, the financial elements, and a special form of project finance: the build-operale-transfer model. Next to practitioner oriented literature, the academic literature is rev
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17

Sauvage, Joseph G., and Ray Sheen. "Pooled Project Finance Financings." Journal of Structured Finance 1, no. 1 (1995): 6–12. http://dx.doi.org/10.3905/jsf.1.1.6.

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18

Posner, Henry. "Rail Freight Project Finance." Journal of Structured Finance 5, no. 2 (1999): 15–22. http://dx.doi.org/10.3905/jsf.1999.320208.

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19

Kuffler, Laura Ann, and Richard C. Siderman. "Telecommunications Tests Project Finance." Journal of Structured Finance 2, no. 1 (1996): 50–56. http://dx.doi.org/10.3905/jsf.2.1.50.

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20

Dymond, Christopher M., and Ilse Pineda. "Brazilian Power Project Finance." Journal of Structured Finance 7, no. 1 (2001): 29–34. http://dx.doi.org/10.3905/jsf.2001.320242.

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21

Feldman, Roger D. "Blackout of Project Finance?" Journal of Structured Finance 9, no. 3 (2003): 20–23. http://dx.doi.org/10.3905/jsf.2003.320316.

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22

Kinloch, Andrew. "Asia Pacific Project Finance." Journal of Structured Finance 10, no. 1 (2004): 12–18. http://dx.doi.org/10.3905/jsf.2004.12.

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23

Hodgson, Patrick J. "Project finance in Europe." International Journal of Project Management 13, no. 5 (1995): 342–43. http://dx.doi.org/10.1016/0263-7863(95)90002-0.

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24

Subramanian, Krishnamurthy V., and Frederick Tung. "Law and Project Finance." Journal of Financial Intermediation 25 (January 2016): 154–77. http://dx.doi.org/10.1016/j.jfi.2014.01.001.

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25

Thierie, Wouter, and Lieven De Moor. "Loan tenor in project finance." International Journal of Managing Projects in Business 12, no. 3 (2019): 825–42. http://dx.doi.org/10.1108/ijmpb-03-2018-0063.

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Purpose The purpose of this paper is to develop a better understanding of the debt structuring of project finance (PF) loans and the main drivers affecting the maturity of bank loans in infrastructure deals. When banks grant loans to a project, they have two decision variables: the interest margin or the spread and the maturity of the loan. Although several studies analyze the drivers of the spread, few studies in the literature look at the maturity of bank loans. As infrastructure projects are typically highly leveraged, the structuring of bank lending is an important parameter in the financi
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26

Chung, Byung Kyu, and Dong Min You. "Strategies for vitalizing the domestic real estate PF market: Focusing on domestic and foreign precedent research analysis." Korea Real Estate Society 70 (December 31, 2023): 159–82. http://dx.doi.org/10.37407/kres.2023.41.4.159.

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This study aimed to compare and analyze domestic and foreign real estate project finance research to explore strategies for revitalizing the domestic real estate project finance market. Therefore, This study compared and analyzed domestic and foreign research on real estate project finance, using 'real estate project finance' as a keyword for domestic research and 'real estate project finance', 'housing project finance', and 'building project finance' as keywords for foreign research. We focused on four criteria:topic, research method, research results, and research significance. The analysis
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27

Pereverzeva, V. V. "PROJECT FINANCE MECHANISM FOR INVESTMENT PROJECT REALIZATION." Vestnik of the Plekhanov Russian University of Economics, no. 3 (June 10, 2018): 24–32. http://dx.doi.org/10.21686/2413-2829-2018-3-24-32.

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28

Machete, Inês Freire, and Rui Cunha Marques. "Project Risks Influence on Water Supply and Sanitation Sector Financing Opportunities." Water 15, no. 12 (2023): 2295. http://dx.doi.org/10.3390/w15122295.

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Private financing mobilized in the water supply and sanitation sector has not been sufficient to cover the sector’s needs. Several barriers hinder private financing leveraging, including the risk perception of water supply and sanitation projects. This study analyzed 185 water supply and sanitation projects financed by the World Bank between 2015 and 2021 to understand how perceived project risks can influence the financing of these sectors. This study demonstrates the parallels between different types of project risks, their ratings, and the different lending instruments and amounts committed
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29

Nepal, Achyut, Ruhanita Maelah, and Vishnu Khanal. "Project Finance Criteria and Governance of Public-Private Partnership Hydropower Project in Nepal." Social & Management Research Journal 19, no. 1 (2022): 57–88. http://dx.doi.org/10.24191/smrj.v19i1.17245.

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Project finance arrangement has obvious need for contract management during its life cycle. Contract management for private sector hydropower projects generally include Generation License, Project Development Agreement, Power Purchase Agreement, Financing Agreement, Construction Contract Agreement, and Operation Contract Agreement. Markets, hierarchies and hybrids are the forms of governance structure under the Transaction Cost Theory, while debt and equity often regarded as a basis for determining governance structure. Fundamental criteria for project finance arrangement include establishing
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Steffen, Bjarne. "The importance of project finance for renewable energy projects." Energy Economics 69 (January 2018): 280–94. http://dx.doi.org/10.1016/j.eneco.2017.11.006.

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31

Hoseini Androod, Sama, and Shahrooz Bamdad. "FINANCE-BASED PROJECT SCHEDULING USING MULTIPLE SOURCES OF FINANCE: A MULTI-OBJECTIVE APPROACH." Latin American Applied Research - An international journal 52, no. 4 (2022): 303–12. http://dx.doi.org/10.52292/j.laar.2022.787.

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A successful project is subjected to timing and cash flow management. Different objectives are considered in project scheduling, and financial goals are the most challenging ones. Lack of liquidity is one of the problems that cause a delay. To avoid these delays, project financing is essential. In most projects, a credit line (CL) is considered a source of cash. The contractors should remain below the credit limit imposed by the lender bank. This limit may cause an extension in duration because some activities cost too much, and the available cash cannot satisfy the expenses. In this paper, a
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Nepal, Achyut, Ruhanita Maelah, and Vishnu Khanal. "Role of Domestic Banking and Financial Institutions in Project Finance: Insights from Hydropower Sector in Nepal." Journal of Advanced Academic Research 10, no. 2 (2023): 1–21. http://dx.doi.org/10.3126/jaar.v10i2.60189.

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Hydropower is a low carbon renewable energy alternative for replacing carbon emission energy sources. In Nepal, this infrastructure sector is being developed for fulfilling the internal demand of electricity. Previous studies emphasized public-private partnership (PPP) utilizing project finance (PF) model in infrastructure sector. Recognizing the importance of domestic banking and financial institutions (BFIs) in project finance this study delves into factors significantly affecting the role of BFIs in project finance. Cross-sectional survey utilizing questionnaires was conducted among respond
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Agrawal, Devika. "A Comprehensive Review of Investing and Financing for Sustainable Tourism Projects." Environment, Sustainability, and Governance Insights 01, no. 01 (2025): 53–70. https://doi.org/10.64006/esgi/1104.

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Tourism projects and initiatives face different types of implementations and operational problems in India. The biggest factor that poses a threat to the development of sustainable tourism is the lack of appropriate and efficient finances. Such challenges have resulted in many famous tourist destinations dyeing a slow death, for instance, Angkor Wat. The main objective of tourism finance is to categorically assess the entire tourism project’s capital requirement and to identify and evaluate the sources from which it could be financed. It involves a meticulous identification and comprehension o
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Akbiyikli, Rifat, David Eaton, and Andrew Turner. "Project Finance and the Private Finance Initiative (PFI)." Journal of Structured Finance 12, no. 2 (2006): 67–75. http://dx.doi.org/10.3905/jsf.2006.644162.

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35

L.S., Zoyirov. "Project Finance – An Important Factor Of Economic Modernization." American Journal of Management and Economics Innovations 3, no. 06 (2021): 170–77. http://dx.doi.org/10.37547/tajmei/volume03issue06-25.

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The article reveals the essence, content, features of project financing and its role in the modernization of the economy. The main participants of project financing and their functions, types of project financing are described. The foreign experience of organizing and implementing project financing in priority sectors of the economy is investigated. Based on the results of the study, conclusions were drawn about project financing and recommendations were developed on the development of this sphere.
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36

Gusev, Andrey, and Aleksandr Dolgov. "Problems and prospects of project financing in Russia in the context of increasing economic sanctions." Russian Journal of Management 12, no. 1 (2024): 447–61. http://dx.doi.org/10.29039/2409-6024-2024-12-1-447-461.

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Relevance: In recent years, Russia has faced a number of economic sanctions that have had a significant impact on its economy. These sanctions have restricted access to international financial markets, making it difficult to attract investment and realise projects. Project finance plays a key role in economic development, enabling companies to raise the necessary resources to realise major investment projects. However, in the context of sanctions, the effective use of this instrument is becoming a challenge. In a changing economic environment, companies and organisations need to adapt and seek
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37

Owusu, M. D. Owusu, and E. D. J. Badu Badu. "Conceptual paradigm and rethinking project finance strategy for highway projects financing in Ghana." Pentvars Business Journal 3, no. 1 (2008): 85–93. http://dx.doi.org/10.62868/pbj.v3i1.48.

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Project finance (PF) strategy is a finance process for infrastructure projects that integrates a mixture of equity and debt financing from different sources, which derive their return from the revenue steam of the project over a long-term period with equity component consisting of 20% - 40 % whereas the debt component is of 40% - 80%. Most theoretical and empirical studies on project finance strategy focus on adoption of project finance strategy in financing large capitaldriven projects such as petrochemical projects, mineral extractions and exploitation of 'green' ventures in developed and em
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38

Kolodiziev, Oleh, Viktoriia Tyschenko, and Kateryna Azizova. "Project finance risk management for public-private partnership." Investment Management and Financial Innovations 14, no. 4 (2017): 171–80. http://dx.doi.org/10.21511/imfi.14(4).2017.14.

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The development of public-private partnership in Ukraine in recent years has become very important as an instrument of anti-crisis orientation. The real economic situation objectively creates the preconditions for more effective use of this mechanism and institutes of public-private partnerships in order to ensure sustainable economic development, obtain new ones and improve the quality of public services provided to the population.The objective of the research is to identify the components of project finance risk management and to provide justification of effective and balanced sharing of ris
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39

Юрьева, Т. В. "Project Finance as a Mechanism for Implementing Public-Private Partnership Projects." Экономика и предпринимательство, no. 9(122) (October 3, 2020): 710–14. http://dx.doi.org/10.34925/eip.2020.122.9.138.

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Рассматривается механизм проектного финансирования как финансовой модели в сфере проектной деятельности. Раскрыты виды, преимущества и недостатки проектного финансирования. Показано, что технологии проектного финансирования наиболее эффективны при реализации проектов на основе государственно-частного партнерства (ГЧП). Определены основные тенденции развития проектов ГЧП на региональном и муниципальном уровнях с учетом изменений, вызванных в результате применения мероприятий по борьбе с пандемией. The mechanism of project finance is considered as a financial model in the field of project activi
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40

Soyeju, Olufemi. "Mitigating Legal Risks in Nigeria's Project Finance Market." African Journal of International and Comparative Law 25, no. 3 (2017): 442–55. http://dx.doi.org/10.3366/ajicl.2017.0204.

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Project finance is a subset of financial techniques used traditionally in raising long-term debt financing for projects particularly in the energy and mining sectors of the economy. However, over the years, it has proved helpful in raising the required funds to drive public infrastructure projects through the public private partnership framework. By its nature, project finance is either non-recourse, or of limited recourse, to the project sponsors and hence identifying the various risks and determining who should bear these risks is the overarching essence of project finance technique. These u
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41

Styhre, Alexander. "Thinly and Thickly Capitalized Projects: Theorizing the Role of the Finance Markets and Capital Supply in Project Management Studies." Project Management Journal 51, no. 4 (2020): 378–88. http://dx.doi.org/10.1177/8756972820931278.

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In the contemporary economy, finance industry interests and finance theory propositions increasingly determine investment behavior. Project management scholars access conceptual frameworks and methods that shed light on day-to-day project management practices, but such practices are themselves shaped by the supply and cost of finance capital. Consequently, project management scholarship would benefit from a closer look at finance industry practices to better understand how, for example, calculations and risk assessments matter for day-to-day project management practices. In order to theorize t
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42

Jackowicz, Krzysztof, Paweł Mielcarz, and Paweł Wnuczak. "Fair value, equity cash flow and project finance valuation: ambiguities and a solution." Managerial Finance 43, no. 8 (2017): 914–27. http://dx.doi.org/10.1108/mf-08-2016-0235.

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Purpose The literature on project finance appraisal contains several ambiguities mainly concerning the correct method of equity cash flow (ECF) determination. This vagueness can lead to serious misevaluation of these projects. The purpose of this paper is to present and justify a correct method of ECF determination for project finance evaluation. Design/methodology/approach Based on the analysis of the specificity of project finance ventures and the study of existing literature, the authors propose a coherent model of ECF estimation that avoids misevaluating project finance ventures. Findings
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43

HAN, Min. "Legal Issues in Project Finance." Ewha Law Journal 22, no. 3 (2018): 45–84. http://dx.doi.org/10.32632/elj.2018.22.3.45.

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44

Bektenova, G. S. "Project finance in bank management." Финансы и кредит 23, no. 13 (2017): 765–79. http://dx.doi.org/10.24891/fc.23.13.765.

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45

Madono, Satoru. "The changing project finance climate." Journal of the Japanese Association for Petroleum Technology 63, no. 2 (1998): 135–44. http://dx.doi.org/10.3720/japt.63.135.

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46

Del Carpio Gallegos, Javier. "Financiamiento de proyectos (Project Finance)." Industrial Data 4, no. 1 (2014): 020. http://dx.doi.org/10.15381/idata.v4i1.6435.

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El presente articulo se enmarca en la linea de la elaboración y evaluación de proyectos de inversión. En esta oportunidad se presenta una nueva modalidad de financiamiento conocida como Project Finance, muy utilizada en nuestro medio en proyectos mineros de gran escala como el caso de Antamina.
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47

Gatti, Stefano, Stefanie Kleimeier, William Megginson, and Alessandro Steffanoni. "Arranger Certification in Project Finance." Financial Management 42, no. 1 (2012): 1–40. http://dx.doi.org/10.1111/j.1755-053x.2012.01210.x.

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48

Bulatović, Jelena. "Financial modelling in project finance." Ekonomski pogledi 16, no. 4 (2014): 161–73. http://dx.doi.org/10.5937/ekopog1402161b.

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49

Percopo, Bob, and Peter J. Haller. "Insurance Solutions for Project Finance." Journal of Structured Finance 5, no. 2 (1999): 23–26. http://dx.doi.org/10.3905/jsf.1999.320203.

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50

Buehler, John E., Thomas S. Murley, and Barry E. Neal. "The Growing Project Finance Market." Journal of Structured Finance 2, no. 1 (1996): 35–40. http://dx.doi.org/10.3905/jsf.2.1.35.

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