Project finance Aditya Agarwal Sandeep Kaul Fuqua School of Business Contents The MM Proposition What is a Project? What is Project Finance? Project Structure Financing choices Real World Cases Project Finance: Valuation Issues The MM Proposition The MM Proposition “The Capital Structure is irrelevant as long as the firm’s investment decisions are taken as given” Then why do corporations: Set up independent companies to undertake mega projects and
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Introduction In this article the main issues I will be looking at the issues raised around the views of Robert Shiller in his recent interview and book‚ finance and the good society and his opinions on the democratization of finance. The other aspect that I will also be looking at is the current regulatory reform measures that have been introduced in the OECD countries‚ including the long term and short-term measures and why they have been introduced. In Shiler’s recent interview and book
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Finance is the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money‚ which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level‚ and expected rate of return. Finance can be broken into three different sub categories: public finance‚ corporate finance and personal finance. Contents [hide] 1 Areas of finance 1
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EXPORT FINANCE SUBMITTED TO: - UNIVERSITY OF MUMBAI OCTOBER 2006 Project Guide: Prof. Mr. Umesh PREFACE In the light of growing need & importance of exports for our country it is of utmost importance that everyone should have an insight in the field of exports. In the course of last decade‚ the export scenario in India has undergone a tremendous change. The liberalization initiated by the government‚ the keen competition in the market place & the rapid increase in the export of services
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Corporate finance P. Frantz‚ R. Payne‚ J. Favilukis FN3092‚ 2790092 2011 Undergraduate study in Economics‚ Management‚ Finance and the Social Sciences This subject guide is for a Level 3 course (also known as a ‘300 course’) offered as part of the University of London International Programmes in Economics‚ Management‚ Finance and the Social Sciences. This is equivalent to Level 6 within the Framework for Higher Education Qualifications in England‚ Wales and Northern Ireland (FHEQ). For more
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INTRODUCTION TO ETHICS IN FINANCE MEANING OF FINANCE Finance means fund or other financial resources; it deals with matter related to money and the market. The field of finance refers to the concept of time‚ money and risk and how they are interrelated. Banks are the main facilitators of funding. Funding means asset in the form of money. Finance is the set of activities that deals with the management of funds. It helps in making the decision like how to use the collected fund. It is also art
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UNIT – II Pre-shipment Finance – Categories of Pre-Shipment Finance – Facilities of Pre-shipment Credit - Pre-shipment Credit in Foreign Currency (PCFC) – Interest rate on Pre-shipment Credit‚ Post-shipment Credit Finance – Categories of Post-Shipment Credit in rupees – Post-Shipment Credit in Foreign Currency – Refinance of Pre-Shipment and Post-shipment Finance. Pre Shipment Finance The scheme is intended to make short-term working capital finance available to exporters at internationally
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FUNDAMENTALS OF Corporate Finance Jonathan Berk Stanford University Peter DeMarzo Stanford University Jarrad Harford University of Washington ISBN 0-558-65200-X Fundamentals of Corporate Finance‚ by Jonathan Berk‚ Peter DeMarzo‚ and Jarrad Harford. Published by Prentice Hall. Copyright © 2009 by Pearson Education‚ Inc. Editor in Chief: Donna Battista Sr. Development Editor: Rebecca Ferris Market Development Manager: Dona Kenly Assistant Editors: Sara Holliday‚ Kerri McQueen Managing
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What is Finance? • Finance can be defined as the art and science of managing money. • Finance is concerned with the process‚ institutions‚ markets‚ and instruments involved in the transfer of money among individuals‚ businesses‚ and governments. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 1-1 Major Areas & Opportunities in Finance: Financial Services • Financial Services is the area of finance concerned with the design and delivery of advice and financial products to individuals
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Jönköping International Business School Jönköping University B eh avioral F i nance Investors’ Rationality Bachelor Thesis within Finance Authors: Bernéus‚ Hannes Sandberg‚ Carl Wahlbeck‚ David Tutor: Jönköping Österlund‚ Urban December‚ 2008 Acknowledgement We would like to thank our tutor Mr. Urban Österlund for his support and guidance. We are also grateful for all valuable comments and insights from our fellow students during seminar sessions. We would also like to present
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