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  • 标题:Risk Component Based Infrastructure Debt Valuation Analysis and Long-Term Investment
  • 本地全文:下载
  • 作者:Chunlan Wang ; Satheesh Kumar Sundararajan
  • 期刊名称:Journal of Financial Risk Management
  • 印刷版ISSN:2167-9533
  • 电子版ISSN:2167-9541
  • 出版年度:2016
  • 卷号:05
  • 期号:03
  • 页码:122-148
  • DOI:10.4236/jfrm.2016.53014
  • 语种:English
  • 出版社:Scientific Research Publishing
  • 摘要:Long term financing to infrastructure and mobilization of private long term capital has been recognized as a key agenda in advancing the global economic development. There are several barriers in infrastructure financing and big gaps between expectation and reality. A highly pronounced barrier is the lacking of capacity of investors to price risks in a structured manner. This paper has discussed component-based infrastructure valuation analysis and modeling blocks. The component-based valuation mechanism is very useful for issuers and investors to categorize, analyze and price specific risks transparently and can provide a basis for structuring the risks on an ex-ante basis so as to make project investments suitable for investors of different risk preference.
  • 关键词:Infrastructure Debt Valuation;Credit Asset Pricing;Default Probability;Component Approach
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