Purpose – The purpose of this paper is to propose a feasible model for the daily average temperatures of Beijing, Shanghai and Shenzhen, in order to price temperature‐based weather derivatives; also to derive analytical approximation formulas for the sensitivities of these contracts....

Purpose – This paper aims to propose a management model of public assets within public-private partnerships which can be applied to properties subject to a possible requalification through the redevelopment and/or modification of the intended use. Design/methodology/approach – The logic...

Purpose – The purpose of this study is first to evaluate whether real options analysis (ROA) is suitable for valuing green building certificates, and second to calculate the real option value of a green certificate in a typical office building setting. Green buildings are demonstrated as one...

Purpose – The UK government argues that the benefits of public private partnership (PPP) in delivering public infrastructure stem from transferring risks to the private sector within a structure in which financiers put their own capital at risk, and the performance‐based payment mechanism,...

Purpose – The purpose of this paper is to determine the fundamental factors influencing the equity share in build‐operate‐transfer (BOT) investments in relation to the project risk profile. Design/methodology/approach – The relationships between risk factors and equity participation into...

Purpose – The purpose of this paper is to study the key influential factors and their impacts on the value for money (VFM) of projects developed through public-private partnerships (PPPs) with an objective to improve the VFM assessment of PPP projects. Design/methodology/approach – This...

An early estimate of the potential costs of building a new library is an essential part of the construction planning process. Historical data detailing construction costs for buildings are widely available, but effective use of these data requires an understanding of the difference between...

Estimating the cost of public library building projects can be difficult, but there are helpful resources available to assist in creating a projected budget for such a project. In addition to books and the annual Library Journal issue devoted to library architecture, computer software is now...

Purpose – The purpose of this paper is to examine the legitimacy of the Equator Principles as a form of private governance of the investment banking industry. Design/methodology/approach – The project finance industry is first described, followed by a consideration of the theories of private...

Purpose – The purpose of this paper is to identify changes in bank lending criteria due to the global financial crisis (GFC) and to explore the associated impacts on new housing supply in Queensland, Australia. Design/methodology/approach – This research involves a survey of each of...