scholarly journals The role of lender behavior in international project finance

2002 ◽  
Vol 19 (3) ◽  
pp. 571-598 ◽  
Author(s):  
Sumru Altug ◽  
Sule Ozler ◽  
Murat Usman
2021 ◽  
pp. 017084062110402
Author(s):  
Palmira López-Fresno ◽  
Rosalía Cascón-Pereira

This study examines the coincidence or discrepancy between the purpose of meetings stated in the organizer’s announcement and the purposes perceived by the participants. This analysis enriches and complexifies the view of meeting purposes in the literature. Based on structured questionnaire data from 1946 respondents involved in 490 meetings conducted in the context of an international project, our analysis shows that the stated and perceived purposes of a meeting are not necessarily the same. In particular, a purpose expressed as a noun (e.g. Coordination) may be perceived by participants as various purposes expressed in verbs, that are strongly or weakly aligned with that noun (e.g. Socialize, Coordinate, Follow up or Persuade). This study establishes the need for a distinct line of research into the discrepancy between stated and perceived meeting purposes to understand meeting related organizational dynamics, and it lays a basis for theorizing within that line of investigation by demonstrating an influence of the internal-external nature of meetings and the local culture. This study also highlights the core intermediation role of socialization for achieving the stated purposes of certain meeting types. Additionally, this study has immediate implications for organizing and managing meetings.


Author(s):  
Ransome Clive ◽  
Pridgeon Benjamin

From the very beginning of the development process relating to any specific project, the project’s sponsors will continually assess and analyse the best available sources of capital for the project. The sponsors will seek to obtain funding at the lowest achievable cost; they will seek to minimize as far as practicable the sponsors’ equity contribution and will look to achieve the longest-possible debt tenors. This chapter discusses a variety of sources potentially available to sponsors pursuing a project finance funding plan. These sources include equity, equity bridge loans, subordinated shareholder debt, mezzanine debt, bank debt, Islamic project finance, capital markets, public sector lenders in project financings, export credit finance, multilateral agencies and development finance institutions, and leveraged and finance lease arrangements. The chapter concludes with an overview of the reasons for entering into, and a description of the role of, term sheets, letters of intent, commitment letters, and mandate letters.


2002 ◽  
Vol 103 (7/8) ◽  
pp. 267-272
Author(s):  
Michael Ryan

This article uses a narrative to describe the way in which one project, centred round the restoration of a collection of historic children’s books, developed into a much wider international project. It looks at the managerial issues and some of the technical issues concerned and draws a number of conclusions about how such projects can be developed. In particular it looks at the role of partnership, project management and the frequently under‐appreciated role of publicity and promotion. It examines the ways in which project partners need to agree criteria and methods of working, as well as the key role played by specialist staff and various supporting organisations.


2012 ◽  
Vol 13 (12) ◽  
pp. 1490-1510 ◽  
Author(s):  
Andrian Lozinski

As a system of managing environmental and social risk in the sector of large-scale international project finance, the Equator Principles (EPs) have generated increased interest and critical engagement in the private, public, and academic spheres. Particular research in the field of transnational governance is especially concerned with assessing the degree in which private and public actors are revolutionizing the methods and procedures of governance in the wake of the decline of the welfare state, and rise of the post-regulatory state. Social scientists and legal theorists alike have begun analyzing the effects of a shift in the “emphasis of control, to a greater or lesser degree, from traditional bureaucratic mechanisms towards instruments of regulation.” Within this context, the EPs present an opportunity to analyze and assess the structure, procedures and effectiveness of a self-regulatory governance system, voluntarily established by private actors in the international project finance sector, to mitigate social and environmental risks.


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