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Potential conflicts between interested parties and the optimum funding structure in project financing : cases study of project financing in Asian countries | |
Author | Liu, Li |
Call Number | AIT RSPR no. SM-94-15 |
Subject(s) | Industrial project management--Asia |
Note | A research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration |
Publisher | Asian Institute of Technology |
Abstract | The objective of this research is to set up a model for identifying the potential conflicts among interested parties in financing a project and factors affecting the implementation of funding structure of a project. Based on literature review and personal communications with parties related to the two selected projects, analysis has been carried out to find out the underlying factors leading to the conflicts and key factors influencing the formulation of funding structure for a project. Based on these analysis, a model for identifying the potential conflicts in project financing with an Asian perspective and indicating factors affecting the implementation of funding structure has been set up. The optimum funding structure of a project should meet the objectives of the sponsors, reflect the market risk-return features, can be implemented and efficiently allocate risks among all the parties involved. Therefore, the optimum funding structure should be acceptable to all the parties involved, and should be able, to a great extent, prevent potential conflicts among all the parties from occurring. Recommendations for different parties in project financing are given in this paper. Some fields deserving further academic and practical approaches are also identified. This research is based on only two cases study located in Singapore and Manila, literature review and interviews, therefore, the result cannot be generalized to any project without careful comparison. However, even though every project is unique, there still exist a lot of common features, the conclusions of this research can be used as a guideline for different projects provided the underlying conditions are compared with the projects used in this research on a case by case basis. |
Year | 1994 |
Type | Research Study Project Report (RSPR) |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
Chairperson(s) | Gupta, Jyoti P.; |
Examination Committee(s) | Sharif, Nawaz;Tang, John C.S.; |
Scholarship Donor(s) | Government of France; |
Degree | Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 1994 |