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Mobilising Investment in Low Carbon, Climate Resilient Infrastructure

Kennedy, Christopher; Corfee-Morlot, Jan - Environment Directorate, Organisation de Coopération … - 2012

finance LCR infrastructure in low income nations is challenging due to basic banking services, lack of non-bank financial … sector, the paper reviews financing mechanisms that help to increase access to commercial banks, bond finance, project … finance and equity finance in developing countries. Green bonds are an example of a financing mechanism with strong potential …

Persistent link: https://www.econbiz.de/10011276622

Towards a Green Investment Policy Framework: The Case of Low-Carbon, Climate-Resilient Infrastructure

Corfee-Morlot, Jan; Marchal, Virginie; Kauffmann, Céline; … - Environment Directorate, Organisation de Coopération … - 2012

infrastructure, to finance a transition to a LCR economy and greener growth. This report advances a “green investment policy …

Persistent link: https://www.econbiz.de/10011276636

An Extension of the Internal Rate of Return to Stochastic Cash Flows

Hazen, Gordon - In: Management Science 55 (2009) 6, pp. 1030-1034

The internal rate of return (IRR) is a venerable technique for evaluating deterministic cash flow streams. Part of the difficulty in extending this measure to stochastic cash flows is the lack of coherent methods for accounting for multiple or nonexistent internal rates of return in...

Persistent link: https://www.econbiz.de/10009218136

Stochastic Dedication: Designing Fixed Income Portfolios Using Massively Parallel Benders Decomposition

Hiller, Randall S.; Eckstein, Jonathan - In: Management Science 39 (1993) 11, pp. 1422-1438

Drawing on recent developments in discrete time fixed income options theory, we propose a stochastic programming procedure, which we call stochastic dedication, for managing asset/liability portfolios with interest rate contingent claims. The model uses scenario generation to combine...

Persistent link: https://www.econbiz.de/10009208744

Effect of futures trading on spot price volatility: evidence for NSE Nifty using GARCH

Debasish, Sathya Swaroop - In: Afro-Asian Journal of Finance and Accounting 1 (2008) 2, pp. 140-150

This study aims to study the impact of the introduction of Nifty index futures on the volatility of the Indian spot markets using data from April 1997 to April 2007. The study considered six measures of volatility, dynamic linear regression models and the GARCH models to investigate volatility...

Persistent link: https://www.econbiz.de/10008563912

The financial risks in build-operate-transfer projects

Xenidis, Yiannis; Angelides, Demos - In: Construction Management and Economics 23 (2005) 4, pp. 431-441

The build-operate-transfer (BOT) approach for developing infrastructure projects is a technique that allows fast realization of public works in cases of a shortage of public funds. This process is full of risks, due mainly to the complexity and extend of the disciplines, public agencies and...

Persistent link: https://www.econbiz.de/10005482636

Technical efficiency and its determinants in the Indian domestic banking industry: an application of DEA and Tobit analysis

Kumar, Sunil; Gulati, Rachita - In: American Journal of Finance and Accounting 1 (2009) 3, pp. 256-296

Using cross-sectional data for 51 banks, this paper not only endeavours to measure the extent of technical efficiency in the Indian domestic banking industry, but also explores the most influential factors explaining its variations across banks. The empirical results show that: only 9 of the 51...

Persistent link: https://www.econbiz.de/10008539438

Limiting Laissez Faire Profits: The Financial Implications

Kierulff, Herbert; Learned, Grant - In: Journal of Business Ethics 90 (2009) 3, pp. 425-436

Persistent link: https://www.econbiz.de/10008491925

Finance, Policy and Industrial Dynamics—The Rise of Co-productions in the Film Industry

Morawetz, Norbert; Hardy, Jane; Haslam, Colin; Randle, Keith - In: Industry and Innovation 14 (2007) 4, pp. 421-443

in the film industry. This narrative centres on film finance as a central risk distribution mechanism, and discusses how … changes in film support policy, increased tax competition, the search for finance and an abundance of inflowing capital are …

Persistent link: https://www.econbiz.de/10005495827

Determination of capital structure in India: a partial adjustment approach

Mahakud, Jitendra; Misra, Arun Kumar - In: International Journal of Accounting and Finance 2 (2010) 2, pp. 220-235

We investigate the role of adjustment costs and other firm-specific variables like tangibility, growth opportunity, size of the company, profitability, volatility, nondebt tax shields and uniqueness of the company in the determination of capital structure in the case of 793 Indian manufacturing...

Persistent link: https://www.econbiz.de/10008755352