Fuzzy Risk Management for Project Financing

2001 ◽  
pp. 432-446
Author(s):  
Piera Mazzoleni
Keyword(s):  
Risk Management ◽  
Project Financing

scholarly journals Environmental Risk Management Strategies and the Moderating Role of Corporate Social Responsibility in Project Financing Decisions

2018 ◽  
Vol 10 (8) ◽  
pp. 2771 ◽  
Author(s):  
Muddassar Sarfraz ◽  
Wang Qun ◽  
Li Hui ◽  
Muhammad Abdullah
Keyword(s):  
Risk Management ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Environmental Risk ◽  
Foreign Banks ◽  
Project Financing ◽  
Environmental Risk Management ◽  
Financing Decisions ◽  
Corporate Social ◽  
Moderating Role

The purpose of this study is to examine the moderating role of corporate social responsibility (CSR) in project financing decisions. CSR has gained growing prominence in today’s business era. This study investigates four environmental strategies and the credit risk assessment, stakeholder assessment and corporate social responsibility assessment impact on project financing decision. It explores three main issues related to environmental responsibility (planet), economic responsibility (profit) and social responsibility (people). The study is explanatory and quantitative, and both domestic and foreign banks participated in the data collection process. The sample size for the study is 491 participants. Data was collected through a simple random sampling technique and was analyzed by applying simple linear regression, confirmatory factor analysis (CFA) and structural equation modeling analysis (SEM) through the Statistical Package for the Social Sciences (SPSS). The study shows that the Pakistani banking sector is implementing environmental management policies. Foreign banks are more motivated towards corporate social responsibility practices. Cultural differences can influence a manager’s attitude towards implementation of environmental risk-management policies. The result shows that corporate social responsibility has a moderating role in project financing decisions and environmental risk management, stakeholder and credit risk assessment. All hypotheses has significant values.

scholarly journals Special aspects of using hybrid financial tools for project risk management in Ukraine

2018 ◽  
Vol 15 (2) ◽  
pp. 257-266 ◽  
Author(s):  
Volodymyr Mishchenko ◽  
Svitlana Naumenkova ◽  
Viktor Ivanov ◽  
Ievgen Tishchenko
Keyword(s):  
Risk Management ◽  
Investment Project ◽  
Financial Risks ◽  
Financial Instruments ◽  
Project Financing ◽  
Currency Options ◽  
Forward Contracts ◽  
Investment Projects ◽  
National Bank ◽  
Management Of Project

The relevance of the article is due to the need of using non-traditional tools for capital raising and hedging financial risks in Ukrainian conditions that allow investors to protect themselves against possible losses during the entire life cycle of the investment project. The study is based on the National Bank of Ukraine statistical data, data of Ukrainian commercial banks, as well as on the authors’ calculations based on empirical and economic-statistical methods. According to international practices, hybrid financial instruments were classified and the special aspects of their use in Ukraine were studied to manage the risks of project financing. Specific features of using the structured bonds for financing investment projects are determined based on the synthetic securitization scheme. The experience of Ukrainian banks was analyzed and the necessity to use financial instruments such as guarantees and letters of credit in risk management of project financing was substantiated. It has been established that forward contracts, currency swaps and over-the-counter currency options are the most acceptable instruments for hedging foreign exchange risks of project financing. Further studies of the problem should include the need for legislative regulation of using hybrid financial instruments, as well as methodological and regulatory support for the risk management of project financing at all stages of the investment project implementation.

scholarly journals Management of investment risks in the system of project financing

2019 ◽  
pp. 164-168
Author(s):  
Iryna Yasinovska ◽  
Olena Sheremeta
Keyword(s):  
Risk Management ◽  
Banking Sector ◽  
Significant Proportion ◽  
Bank Lending ◽  
Investment Risk ◽  
Project Financing ◽  
Highly Qualified ◽  
Financing System ◽  
Financial Investment ◽  
Business Entities

Purpose. The aim of the article is to investigate the problem of investment risk management in the project financing system. Methodology of research. The methodological basis of the study is the dialectical method of scientific knowledge. General scientific and special methods are used in the process of research, namely: abstract and logical, deductive and system analyzes – in the study of the peculiarities of project financing implementation; problems of management of investment risks in the project financing system; substantiation of ways of activation of development of project financing in Ukraine. Findings. A literary review and analysis of modern approaches to defining the concept of “project financing” have been carried out. The problematic aspects of the development of project financing in Ukraine are identified and the most common instruments for neutralizing investment risks in project financing are analyzed. According to official statistics, a significant proportion of business entities are found to be operating at a loss or low level of profitability, which negatively affects their creditworthiness and limits access to bank lending. In such circumstances, an important way out of this situation is to activate the development of project financing. Project financing, taking into account investment risks, can be provided by reliable financially sound banks, which have effective risk management, long-term resources, highly qualified specialists in financial investment analysis and consulting. Originality. The reasons for insufficient distribution of project financing in the banking sector of Ukraine have been identified and the directions of its activation have been proposed. Practical value. The findings of the study, which are expressed in the conclusions and proposals, contribute to solving the problem of improving investment risk management in project financing. Key words: project financing; project risks; investment risk; investment climate; investment risk management.

scholarly journals Equator Principles 4-Revised Climate Change Risk: What Does This Mean For Project Financing in Africa Amidst The Ongoing Energy Transition?

2021 ◽  
Vol 12 (1) ◽  
pp. 72-91
Author(s):  
Ailly P.G. Sheehama
Keyword(s):  
Climate Change ◽  
Risk Management ◽  
Energy Transition ◽  
Social Risk ◽  
Low Carbon ◽  
Project Financing ◽  
Climate Change Risk ◽  
Low Carbon Economy ◽  
Wide Range ◽  
Equator Principles

Since its inception, the Equator Principles Association introduced a risk management framework in response to the ever-changing environmental and social risk in projects. The Equator Principles (EPs) result from minimum standards for risk management to stop the race to the bottom. In June 2013, EP3 was introduced, and climate change requirements were added to address the 'transition towards an ethical and low-carbon economy.' This eventually led to the newly revised Equator Principles 4 (EP4s), 'Climate Change Risk Assessment' (transition risk), in July 2020. This article analyses the effect of the transition risk of EP4 to determine whether this new addition will support or inhibit oil and gas project financing in Africa amidst the ongoing energy transition by questioning the underlying assumptions upon which the policy design was developed. The article concluded that consideration for project financing in Africa could be expected to address the energy needs in Africa while at the same time essentially pushing governments to take into consideration climate change by putting in place processes, policies, and systems to manage these risks.' Furthermore, the transition risks definition and implementing standards of EP4 are broadly worded, allowing adapting the principles to a wide range of regimes that positively contribute to these domains. This essentially enables consideration of ethical transition and provides for coordination and coherence across different policy domains.

Quality and Risk Management in the IVF Laboratory

2004 ◽  
Author(s):  
David Mortimer ◽  
Sharon T. Mortimer
Keyword(s):  
Risk Management
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