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Article
Publication date: 31 January 2022

Farman Afzal, Ayesha Shehzad, Hafiz Muhammad Rehman, Fahim Afzal and Mohammad Mushfiqul Haque Mushfiqul Haque Mukit

Cost estimation is a major concern while planning projects on public–private partnership (PPP) terms in developing countries. To bridge the gap of the right approximation…

Abstract

Purpose

Cost estimation is a major concern while planning projects on public–private partnership (PPP) terms in developing countries. To bridge the gap of the right approximation of cost of capital, this study aims to sermon a significant role of investor’s risk perception as unsystematic risk in PPP-based energy projects.

Design/methodology/approach

To investigate the effective mechanism of determining cost of capital and valuing the capital budgeting, a pure-play method has been acquired to measure systematic risk. In addition, dynamic conditional correlation (DCC) and generalized autoregressive conditional heteroscedasticity (GARCH) models have been applied to calculate weighted average cost of capital.

Findings

Initially, a joint cost of capital of energy-related projects has been calculated using DCC-GARCH and pure-play method. Investors risk perception has been discussed through market point of view using country risk premium modeling. Latter yearly betas have been calculated using DCC signifying the final outcomes that applying a dynamic model can provide a better cost estimation in emerging economies.

Practical implications

The findings are implicating that due to the involvement of international investors, domestic risk is linked with country risk. In such situations, market-related information is a key factor to find out the market performance, helping in the estimation of cost of capital through capital asset pricing model (CAPM). High dynamic nature of emerging economies causes an impediment in the estimation of cost of capital. Consequently, to calculate risk in dynamic markets, this study has acquired DCC model that can predict the value of beta factor.

Originality/value

Study contributes to the body of knowledge by addressing an important issue of investor’s risk perception and effective implication of CAPM using pure-play and DCC-GARCH when data is not promptly available in dynamic situations.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8394

Keywords

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Book part
Publication date: 11 August 2014

Emy N. Decker

A case study is presented in this chapter about a successful cross-campus collaboration between the School of Art and the Department of Classics at the University of…

Abstract

A case study is presented in this chapter about a successful cross-campus collaboration between the School of Art and the Department of Classics at the University of Georgia (UGA) in the United States to build one image database with grant funding for a period of two academic years. Although the Humanities Digital Media Archive project was not free from complications, the outcome of the project suggests that these types of collaborative projects are valuable to librarians and to the university at large. An overview of the strengths and weaknesses of the project are described and can provide guidance to readers undertaking these types of collaborative projects. A discussion about funding opportunities in an era of reduced resources may encourage the reader to think in new and creative ways to solve the issue of lack of funding for such major projects. While many librarians and units on campus discuss potential collaborative projects, this case study provides a description of the issues and complications surrounding such projects as well as creative new ways of maximizing available resources and completing a successful and well-received project.

Details

Mergers and Alliances: The Operational View and Cases
Type: Book
ISBN: 978-1-78350-054-3

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Book part
Publication date: 28 April 2020

Kelly Guzman and Christina Olivarria

Abstract

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Simplifying the Complex
Type: Book
ISBN: 978-1-83867-972-9

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Book part
Publication date: 16 November 2009

Liesbeth Y. Bout, Jaap H.M. Lombaers, Efthymios Constantinides and Petra C. de Weerd-Nederhof

This chapter addresses the introduction of a post-project market review, which is based on the concept of post-project reviews to stimulate commercialisation. It will…

Abstract

This chapter addresses the introduction of a post-project market review, which is based on the concept of post-project reviews to stimulate commercialisation. It will start with a brief description of the case-company. After this, the motives of the research will be clear, and the research methodology will be explained in Chapter 2.

Details

New Technology-Based Firms in the New Millennium
Type: Book
ISBN: 978-1-84855-783-3

Abstract

Details

The Ten Commandments of Lean Six Sigma
Type: Book
ISBN: 978-1-78973-690-8

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Book part
Publication date: 29 July 2019

Elena V. Sibirskaya, Liudmila V. Oveshnikova, Aleksandr V. Bezrukov, Olga M. Pasynkova and Yulia I. Slepokurova

In the last 15 years, the high-growth economic rates of the Russian Federation (RF) have been caused by expansion of the country's participation in the world's raw and…

Abstract

In the last 15 years, the high-growth economic rates of the Russian Federation (RF) have been caused by expansion of the country's participation in the world's raw and energy markets. Now the economic growth opportunities at the expense of these factors are generally exhausted, Russia is faced by problems of high-quality updating of all aspects of socioeconomic and sociopolitical life. These tasks are dictated as external “major challenges” of global character, and internal processes. To confront the challenges and to minimize risks, Russia needs to change the raw model of economic growth which poses the threats for stability of social and economic development.

First, the scientific, technological, and innovative policy which is carried out by industrially developed countries and some new industrial countries is to create the answer to a challenge of maintaining competitiveness and achievement of high productivity rates now. Its purpose is to stimulate development and deployment of advanced technologies, whose productivity significantly exceeds characteristics of traditional technologies.

The happening changes are so considerable that the world enters, perhaps, in the largest technological transition for all history when the richness of natural resources and low cost of work stop being major factors of growth. In total, these changes are estimated as “new industrial revolution” or, in narrower sense, as “technological revolution” which are based on the transition from mass production of the standardized production to the flexible high-performance production which is turning out the individualized products.

In this regard, the productive inclusion in new technological revolution, the implementation of the structural maneuver in economy and social system, can become one of the main objectives for Russia until 2035. The RF should pass a new development model which is based on high-tech industries. It is about the start of the big national project (program) “National Technological Initiative” (NTI).

The implementation of project-planning office functions of NTI is the priority direction of management and modern tool for business which is provided due to the development of NTI planning office, its full-scale expansion, and removal on operational power for support of development and implementation of the plans of measures (“road maps”) of NTI and projects for implementation of “road maps.”

Details

Tech, Smart Cities, and Regional Development in Contemporary Russia
Type: Book
ISBN: 978-1-78973-881-0

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Book part
Publication date: 24 August 2017

Amy C. Edmondson and Jean-François Harvey

Abstract

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Extreme Teaming
Type: Book
ISBN: 978-1-78635-449-5

Open Access
Book part
Publication date: 1 May 2019

Melissa Candel and Tina Karrbom Gustavsson

Previous research on clients’ procurement typically focuses on their procurement strategies. Research on local sustainability governance has, however, revealed that…

Abstract

Purpose:

Previous research on clients’ procurement typically focuses on their procurement strategies. Research on local sustainability governance has, however, revealed that municipalities also govern construction projects through land allocations. This paper aims to explore how housing developers are governed by municipal land allocations and the implications. The purpose is to problematize the governance of sustainability during the early phases of construction projects.

Design/Methodology/Approach:

A case study on an urban development project in Sweden was conducted. Empirical material consists of interviews with housing developers’ project managers, observations from seminars and meetings between the developers and municipality officials and the municipality’s policy for land allocations and sustainability program. This was analyzed using Bulkeley and Kern’s (2006) typology of modes of governing change at the local level as a framework.

Findings:

The results provide examples where the municipality governs the housing developers by authority, enabling and provision. The implications for the housing developers during the early phases of their construction projects are explored.

Research limitations/implications:

Findings have implications for research on clients’ procurement strategies because it illustrates how they can be governed during the early phases of certain construction projects, which might limit their flexibility during procurement. However, the study is only based on housing projects in one urban development project governed by one municipality.

Practical implications:

Findings provide support for clients when designing their procurement strategies.

Originality/value:

This paper contributes to the understanding of how sustainability is governed in construction projects and the implications for housing developers’ flexibility.

Details

10th Nordic Conference on Construction Economics and Organization
Type: Book
ISBN: 978-1-83867-051-1

Keywords

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Book part
Publication date: 28 April 2020

Kelly Guzman

Abstract

Details

Simplifying the Complex
Type: Book
ISBN: 978-1-83867-972-9

Abstract

Details

Post-Merger Management
Type: Book
ISBN: 978-1-83867-451-9

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