Role of Institutional Arrangements in Financing Project Companies in Asia
نویسنده
چکیده
Within institutional economics perspective of project finance, this paper empirically examines the potential influence of factors on debt capacity in project companies when financed through bankdominated financial systems with weak legal, regulatory and political institutions. The econometric results confirm that in order to capture the potential debt capacity of project companies financed through project finance arrangements in weak institutional environments, credit enhancements in the form of participation by multi-lateral/bilateral institutions, supplemented with specifically created institutional and informational infrastructure are frequently employed. These findings highlight the effectiveness of institutional and contractual arrangements in long-term investment schemes in infrastructure development. JEL Classification: G19, G21, G39, K49, L29.
منابع مشابه
Coming Full Circle: How Health Worker Motivation and Performance in Results-Based Financing Arrangements Hinges on Strong and Adaptive Health Systems
Background This paper presents findings from a study which sought to understand why health workers working under the results-based financing (RBF) arrangements in Zimbabwe reported being satisfied with the improvements in working conditions and compensation, but paradoxically reported lower motivation levels compared to those not working under RBF arrangements. Methods...
متن کاملFinancing for Healthcare in Sub-Saharan Africa and South Asia: Risk Pooling & Risk-Sharing Arrangements; Essential Strategy for Overcoming Poverty Costs
متن کامل
Analysis of Energy Service Contracts in the Framework of Foreign Investment
Funding by energy services companies is an efficient, new way of financing energy efficiency projects. An Energy Services Company (ESCO) is a company that designs, implements and finances energy efficiency improvement projects. Some of the services that these companies offer include developing, designing and financing energy efficiency projects, installing and maintaining energy efficiency proj...
متن کاملIslamic Project Financing in Pakistan: Current Challenges and Opportunities Ahead
This study is related to an Islamic project financing with a major focus on investigating the role of Islamic finance in financing infrastructural development projects (toll roads, power plants, airports, and plants, as well as natural resource exploitation projects, such as hydroelectric dams, mining projects, oil and gas assets, and paper mills), especially in the context of Pakistan. Infrast...
متن کاملSubsidized health insurance coverage of people in the informal sector and vulnerable population groups: trends in institutional design in Asia
BACKGROUND Many low- and middle-income countries with a social health insurance system face challenges on their road towards universal health coverage (UHC), especially for people in the informal sector and vulnerable population groups or the informally employed. One way to address this is to subsidize their contributions through general government revenue transfers to the health insurance fund...
متن کامل