Gemäß einer empirischen Studie der Universität Regensburg von 2005 fokussieren deutsche institutionelle Investoren bei ihre Anlagegrundsätzen i.d.R. auf eine möglichst hohoe Sicherheit der Kapitalanlage bei konstanter Rentabilität und ausreichender Liquidität. Im Portfoliokontext spielen...

A common method of valuing the equity in leveraged transactions is the flows-to-equity method whereby the free cash flow available to equity holders is discounted at the cost of equity. This method uses a standard definition of equity free cash flow, but the cost of equity varies over time as...

We examine the provision of public projects under separate tax and subsidy rules. We find that tax rules separated from project cum subsidy decisions exhibit several advantages when incentive problems of the agenda-setter are taken into account. In particular, tax rules may prevent the proposal...

Governments world-wide have sought value for money by augmenting the traditional approach to public infrastructure delivery and management by introducing private capital. Two well established platforms for private capital participation are the Regulatory Asset Base (RAB) Model and the Project...

The traditional approach to public infrastructure delivery and management has been challenged in the past decades through different forms of private capital participation. Two well established platforms for private capital participation in the context of public infrastructure procurement are the...

Development of infrastructure projects with private engagement through PPP has become one of the commonly adopted procurement strategies in developed and developing countries. All over the world where PPP procurement has been used in one form or another, the way in which it is carried out has...

Die PPP Task Force im Bundesministerium für Verkehr, Bau und Stadtentwicklung hat im Juni 2005 eine Arbeitsgemeinschaft, bestehend aus PSPC Private Sector Participation Consult GmbH Berlin, der Technischen Universität Bergakademie Freiberg, der Rechtsanwaltskanzlei Barth Baumeister Griem,...