Project Finance in Theory and Practice : Designing, Structuring, and Financing Private and Public Projects

ISBN-13: 9780123919465 / Angielski / Twarda / 2012 / 496 str.

Stefano Gatti

Opis

This book presents comprehensive coverage of project finance in Europe and North America. The Second Edition features two new case studies, all new pedagogical supplements including end-of-chapter questions and answers, and insights into the recent market downturn. The author provides a complete description of the ways a project finance deal can be organized - from industrial, legal, and financial standpoints - and the alternatives available for funding it. After reviewing recent advances in project finance theory, he provides illustrations and case studies. At key points Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals.

• Forword by William Megginson, Professor and Rainbolt Chair in Finance, Price College of Business, The University of Oklahoma
• Comprehensive coverage of theory and practice of project finance as it is practiced today in Europe and North America
• Website contains interactive spreadsheets so that readers can input data and run and compare various scenarios, including up to the minute treatment of the cutting-edge areas of PPPs and the new problems raised by Basel II related to credit risk measurement

Recenzje

"Professor Gatti offers the reader an original viewpoint combining rigorous theory with constant reference to market best practices." --Roberto Albisetti, IFC World Bank Group and University of Genoa

"Gatti's book provides comprehensive and coherent coverage of project finance, including transaction structures, the institutional environment, and financial analysis. Its presentation of practical examples and cases makes it a great teaching tool." --Raymond Hill, Emory University

"A good read as well as an excellent reference book, Project Finance in Theory and Practice is very valuable as it is successfully pitched to be useful to readers of all levels of education and experience and explains the roles and objectives of the different parties very clearly. The book can be used both for training and as a guide to best practices." --Alexander S. Moczarski, President and Chief Executive Officer - Guy Carpenter - Marsh & McLennan Group

"Project finance is a long-established technique for non recourse financing which is extremely relevant today, with more and more infrastructure and other large projects being developed. Professor Gatti and the other contributors use practical concepts and very relevant case studies to clearly explain Project Financing to its readers. It is a must read and a reference book for professionals and practitioners." --Jean Pierre Mustier, UniCredit Deputy General Manager and Head of CIB Division

Spis treści

Chapter 1 Introduction to the Theory and Practice of Project FinanceChapter 2 The Market for Project Finance: Applications and the SectorsChapter 3 Project Characteristics, Risk Analysis and Risk ManagementChapter 4 The Role of Advisors in a Project Finance Deal (Stefano Gatti, Massimo Novo, Fabio Landriscina and Mark Pollard)Chapter 5 Valuing the Project and Project Cash Flow Analysis (Stefano Gatti)Chapter 6 Financing the Deal (Stefano Gatti)Chapter 7 Legal Aspects of Project Finance (Massimo Novo)Chapter 8 Credit Risk in Project Finance Transactions and New Basel Capital Accord (Stefano Gatti)

Case StudiesCase Study 1 CogenerationCase Study 2 Italy Water System (Stefano Gatti, Daniele Corbino, Alessandro Steffanoni)Appendix to Case Study 2: Structure and Functioning of the Simulation Model Case Study 3: Hong Kong Disneyland Project Loan Glossary and Abbreviations

O autorze

Stefano Gatti is the Antin Infrastructure Partners Chair Professor of Infrastructure Finance and Professor of Practice in Finance. He is the Director of the Full Time MBA and former Director of the International Teachers' Programme at SDA Bocconi School of Management. His main area of research is corporate finance and investment banking. He has published in these areas including publications in the Journal of Money, credit and banking, Financial Management, the Journal of Applied Corporate Finance and the European Journal of Operational Research. Professor Gatti has published a variety of texts on banking and finance areas and has acted as a consultant to several financial and non-financial institutions and for the Italian Ministry of the Economy, the Financial Stability Board, The InterAmerican Development Bank, the Asian Development Bank and the OECD/Group of G20. He is financial advisor of the Pension Fund of Health care professions, member of the compliance risk committee of Deutsche Bank and member of the Board of Directors and board of auditors of Italian industrial and financial corporations.