Title :
Research on Financing Risk and Its Control in BOT Projects
Author :
Wei Zhuobin ; Chen Shouke
Author_Institution :
Dept. of Logistics Eng., Naval Univ. of Eng., Tianjin, China
Abstract :
The purpose of this paper is to analyze the capital structure and present a simplified model to determine an optimum equity level in term of the financing scale, time limit and returns of investment for decision-makers at the evaluation stage of a BOT project, which takes place immediately after the completion of a feasibility study. The resulting model not only can help the sponsor to avoid the capital risk but offer the government a criterion to evaluate the management ability of the sponsor as well. To show the application and availability of this model, a case study is conducted.
Keywords :
decision making; financial management; investment; organisational aspects; project management; public administration; risk analysis; BOT projects; capital structure; decision makers; financing risk; financing scale; government; investment returns; optimum equity level; Availability; Contracts; Economics; Equations; Government; Investments; Mathematical model;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5998531
