scholarly journals Risk Premium Assessment for the Sustainable Valuation of Urban Development Land: Evidence from Spain

2019 ◽  
Vol 11 (15) ◽  
pp. 4191 ◽  
Author(s):  
Codosero Rodas ◽  
Cabezas Fernández ◽  
Naranjo Gómez ◽  
Castanho
Keyword(s):  
Risk Factors ◽  
Urban Planning ◽  
Risk Premium ◽  
Financial Models ◽  
Land Development ◽  
Investment Project ◽  
Influential Factors ◽  
Investment Risk ◽  
Land Valuation ◽  
Planning Development

One of the most important parameters in sustainable urban land valuation is the risk premium. Correct assessment of the risk premium is essential for sustainable valuation. Generally, it is estimated that traditional financial models or historic rates do not take into account the specific risk factors of an investment project. In this paper, we propose a sustainable model to obtain it. It is based on investment risk factors and the urban planning land development stages. We conducted a study in Badajoz, Spain, on four urban stages: first, land without an execution program; second, land with an execution program; third, land with reparceling; and fourth, fully developed and urbanized land. We calculated one different risk premium value for each urban stage. The results show that with this model, we can obtain the risk premium at any time during urban planning development. The urban stage is one of the most influential factors in the risk premium value. It decreases during urban planning development, and fully developed and urbanized land has a lower risk premium.

scholarly journals Land Valuation Sustainable Model of Urban Planning Development: A Case Study in Badajoz, Spain

2018 ◽  
Vol 10 (5) ◽  
pp. 1450 ◽  
Author(s):  
José Codosero Rodas ◽  
José Naranjo Gómez ◽  
Rui Castanho ◽  
José Cabezas
Keyword(s):  
Urban Planning ◽  
Land Valuation ◽  
Planning Development

Group Communication in City Planning Decisions (on the example urban projects of Moscow region)

Communicology ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 53-79 ◽  
Author(s):  
N.A. Samoylova ◽  
O.A. Zhirkov ◽  
S.V. Belkin
Keyword(s):  
Urban Planning ◽  
City Planning ◽  
Living Environment ◽  
Communicative Interaction ◽  
Public Authorities ◽  
Planning Decisions ◽  
Spatial Environment ◽  
Information And Communication ◽  
Planning Development ◽  
Political Economic

The authors set out the basics of urban planning policy and represent the capabilities of modern information and communication tools for an integrated way of fixing the material and intangible world for urban planning purposes in the living environment (material and spatial environment). Namely, the possibilities of communication in the field of urban planning development carried out in the context of many circumstances cover federal, regional, municipal and corporate levels of management, while taking into account political, economic, social and technological relevant factors, as well as historical and national special aspects and urban planning typology of territories. The authors describe the operation of the developed computer program Decision Support Solutions (DSS) for evaluating decision options by interested participants in urban planning activities for various urban planning types of territories. The relevance of the article is driven by the need for practical use and legalization of the presented communicative interaction. This will facilitate the identification and solution of conflicts at the pre-project stage of urban planning, as should help to consider the requirements of consumers and their support for ongoing decisions and actions of public authorities at all levels.

Investments and Risk Transfers

2017 ◽  
Vol 92 (6) ◽  
pp. 1-23 ◽  
Author(s):  
Tim Baldenius ◽  
Beatrice Michaeli
Keyword(s):  
Moral Hazard ◽  
Risk Premium ◽  
Bargaining Power ◽  
Risk Premia ◽  
The Other ◽  
Investment Risk ◽  
Incomplete Contracting ◽  
Risk Transfer ◽  
Specific Investments ◽  
Division Managers

ABSTRACT We demonstrate a novel link between relationship-specific investments and risk in a setting where division managers operate under moral hazard and collaborate on joint projects. Specific investments increase efficiency at the margin. This expands the scale of operations and thereby adds to the compensation risk borne by the managers. Accounting for this investment/risk link overturns key findings from prior incomplete contracting studies. We find that if the investing manager has full bargaining power vis-à-vis the other manager, he will underinvest relative to the benchmark of contractible investments; with equal bargaining power, however, he may overinvest. The reason is that the investing manager internalizes only his own share of the investment-induced risk premium (we label this a “risk transfer”), whereas the principal internalizes both managers' incremental risk premia. We show that high pay-performance sensitivity (PPS) reduces the managers' incentives to invest in relationship-specific assets. The optimal PPS, thus, trades off investment and effort incentives.

scholarly journals From TOD to TAC: Why and How Transport and Urban Policy Needs to Shift to Regenerating Main Road Corridors with New Transit Systems

Urban Science ◽  
2021 ◽  
Vol 5 (3) ◽  
pp. 52
Author(s):  
Peter Newman ◽  
Sebastian Davies-Slate ◽  
Daniel Conley ◽  
Karlson Hargroves ◽  
Mike Mouritz
Keyword(s):  
Urban Planning ◽  
Urban Development ◽  
Urban Policy ◽  
Land Development ◽  
Transit Oriented Development ◽  
Transit Systems ◽  
Historical Perspectives ◽  
Early Case ◽  
Entrepreneurship Theory ◽  
Road Corridors

The need for transit oriented development (TOD) around railway stations has been well accepted and continues to be needed in cities looking to regenerate both transit and urban development. Large parts of suburban areas remain without quality transit down main roads that are usually filled with traffic resulting in reduced urban value. The need to regenerate both the mobility and land development along such roads will likely be the next big agenda in transport and urban policy. This paper learns from century-old experiences in public–private approaches to railway-based urban development from around the world, along with innovative insights from the novel integration of historical perspectives, entrepreneurship theory and urban planning to create the notion of a “Transit Activated Corridor” (TAC). TACs prioritize fast transit and a string of station precincts along urban main roads. The core policy processes for a TAC are outlined with some early case studies. Five design principles for delivering a TAC are presented in this paper, three principles from entrepreneurship theory and two from urban planning. The potential for new mid-tier transit like trackless trams to enable TACs is used to illustrate how these design processes can be an effective approach for designing, financing and delivering a “Transit Activated Corridor”.

Study of Influence on Infertility

1970 ◽  
Vol 1 (2) ◽  
Author(s):  
Shi Huihui
Keyword(s):  
Risk Factors ◽  
Reproductive Health ◽  
Incidence Rate ◽  
Influential Factors ◽  
Developmental Abnormality ◽  
Secondary Infertility ◽  
Child Bearing ◽  
Related Risk ◽  
Infertility Patients ◽  
The City

For objective, analyzing the pathogenesis of infertility patients in Zhengzhou and exploring the relevant influential factors. Method: selecting 264 infertility patients in our hospital and peripheral hospitals in the city from March of 2015 to October of 2016 to carry out relevant investigation & research so as to analyze the major pathogeny and related risk factors of 264 infertility patients. For result, for infertility patients, the occurrence of infertility is common in female whether it is primary or secondary. The primary infertility is usually caused by uterus factors, showing the congenital developmental abnormality of uterus. However, the primary cause of secondary infertility is tubal nowhere, commonly and mainly showing frequent abortion frequency.As to male infertility, the idiopathic infertility is mainly related to asthenospermia while the secondary infertility is mainly related to asthenospermia and oligospermia. Conclusion: clinically, there are more causes of infertility. Thus, the reproductive health education and direction need to be strengthened and completed on the male and female during the child-bearing period, and the timely and professional direction needs to be given to the patients with low incidence of infertility to diagnose and treat as early as possible so as to lower the incidence rate of infertility, worthy of attention.

scholarly journals Parallel Planning Mechanisms as a "Recipe for Disaster"

2017 ◽  
Vol 13 (1) ◽  
pp. 213
Author(s):  
Jeannie Van Wyk
Keyword(s):  
South Africa ◽  
Urban Planning ◽  
Critical Reflection ◽  
Land Development ◽  
Negative Consequences ◽  
Planning Law ◽  
Municipal Planning ◽  
Urban Planning And Development ◽  
The Republic

This note offers a critical reflection of the recent landmark decision in City of Johannesburg Metropolitan Municipality v Gauteng Development Tribunal which lay to rest the negative consequences of employing the DFA procedures of the Development Facilitation Act 67 of 1995 (DFA) alongside those of the provincial Ordinances to establish townships (or to use DFA parlance, “land development areas”). The welcome and timely decision in City of Johannesburg Metropolitan Municipality v Gauteng Development Tribunal has declared invalid chapters V and VI of the DFA. Moreover, it has formalised planning terminology in South Africa, delineated the boundaries of “municipal planning” and “urban planning and development” as listed in Schedules 4 and 5 of the Constitution of the Republic of South Africa, 1996 and, in the process, clarified the structure of planning law. This note examines the decision of the SCA and focus on the role it will clearly have in reforming some of the law relating to planning. It considers the facts of the case, uncertainties around terminology, the structure of planning in South Africa, the content of municipal planning, the role of the DFA and the consequences of the declaration of invalidity by the SCA.

Influence of perceived risks on the decision to invest in equity crowdfunding: a study of Malaysian investors

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shaista Wasiuzzaman ◽  
Lee Lee Chong ◽  
Hway Boon Ong
Keyword(s):  
Risk Factors ◽  
Structural Equation ◽  
Positive Influence ◽  
Equation Modeling ◽  
Investment Risk ◽  
Content Type ◽  
Legal Risk ◽  
Equity Crowdfunding ◽  
Start Ups ◽  
The Relationship

Purpose This study aims to investigate the influence of various risk factors, specifically investment risk, legal risk and technology risk, on the decision of investors to invest in equity crowdfunding ventures in Malaysia. Design/methodology/approach A total of 169 valid responses out of a total of 195 questionnaires were distributed to individuals with prior knowledge of equity crowdfunding. The data from the responses are used to test the relationships using structural equation modeling partial least squares (SEM-PLS). Findings Investigation into the influence of risk factors on the willingness to support equity crowdfunding shows that investment risk and legal risk significantly influence the decision to support equity crowdfunding ventures, but technology risk does not. However, while the influence of investment risk is negative, legal risk is found to have a positive influence. Originality/value This study is important as, to the authors’ knowledge, this is the first study to empirically test the relationship between the various risks inherent in equity crowdfunding investments and the decision to invest. The study is also important to entrepreneurs and start-ups as it provides evidence that while the equity crowdfunding investment community follows the norms of investment, i.e. lower risk is preferred, stricter laws and regulations governing equity crowdfunding may not be needed or may only be relevant in countries where there are more retail, unsophisticated investors.

Abstract 12850: Complex Lesion Characteristics Would be the Potential Risk Factors for Ventricular Fibrillation With Acute Coronary Syndrome

Circulation ◽  
2015 ◽  
Vol 132 (suppl_3) ◽  
Author(s):  
Youichirou Sugizaki ◽  
Makoto Takemoto ◽  
Hiromi Toki ◽  
Yu Taniguchi ◽  
Nobuaki Igarashi ◽  
...  
Keyword(s):  
Risk Factors ◽  
Acute Coronary Syndrome ◽  
Coronary Artery ◽  
Ventricular Fibrillation ◽  
Potential Risk ◽  
Multiple Logistic Regression Analysis ◽  
Influential Factors ◽  
Coronary Syndrome ◽  
Vessel Disease ◽  
Potential Risk Factors

Background: In the setting of acute coronary syndrome (ACS), ventricular fibrillation (VF) was serious and fatal complication. However, even though ischemia was well known as the risk for occurrence of VF, what influential factors of ACS patients related to VF were still unclear. We performed extracorporeal cardiopulmonary resuscitation for VF with ACS patients taken to our institute and performed coronary angiography to make definite diagnosis. Accordingly, We sought to the risk factors for VF with ACS. Methods: Consecutive 246 ACS patients hospitalized and underwent emergent coronary revascularization from September 2010 to September 2014 were enrolled. In these, patients with VF were categorized into VF group, and patients without VF were into non-VF group. We reviewed patients’ characteristics, including medications, past histories and laboratory findings, and CAG findings (lesion characteristics with ACC/AHA classification, number of disease vessels, existence of chronic total occlusion (CTO) and left-main coronary artery (LMCA) lesion) retrospectively. Results: Fifty-seven patients developed ACS with VF (VF group), and 189 patients were without VF (non-VF group). Comparing between the groups, the morbidity of previous angina pectoris or coronary artery bypass grafting were significantly higher in VF groups (32.1%-16.0%, p=0.01, 14.3%-1.1%, p<0.001, respectively). The prevalence of Complex lesion characteristics, such as multi vessel disease, CTO and LMCA lesion, was also higher in VF group (71.9%-42.8%, 43.9%-13.9%, 15.8%-6.3%, all p < 0.025, retrospectively). Moreover, multiple logistic regression analysis revealed multi vessel disease and existence of CTO lesion were independent factors for VF. Conclusion: VF group had more complex characteristics of coronary artery disease. Complex lesion characteristics, such as multi vessel disease, CTO and LMCA lesion, would be potential risk factors of VF with ACS patients.

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