1,721,176 research outputs found
Il Project Finance e il canone integrativo di disponibilità
No full textThe availability payment allows a remuneration of "cold" project finance investments, only partially covered by tariff revenues. The amount of the payment, mainly fixed and so mildly risky, has a potential huge effect on the bankability assessment and is disputed among participants to the tender. The VAT tax rate applicable to the availability payments stands out as one of the most controversial and still disputed aspects
Managing healthcare project financing investments: a corporate finance perspective
No full textHealthcare infrastructures are a typical risky investment, which can be financed in many different and competing
ways, and Public Private Partnership and project financing techniques are increasingly recognized as a useful and appropriate
device. Risk identification, transfer, sharing and management are a key point of the whole structure and the risk matrix, used
in order to classify and - wherever possible - measure risk is an unavoidable part of the investment package. To the extent that
it can be professionally managed by specialized agents, risk sharing or transmission is not a zero sum game, even if risk
pricing is never a trivial issue. While the public part traditionally bears core market risk (demand for health services), other
key risks, such as those related to construction and management of commercial (hot) activities, are typically transferred to the
private part, often represented by a private entity. A corporate finance perspective is crucial for preparing a proper business
model, where economic and financial flows are projected along the time span of the investment, with managerial and strategic
insights for not ephemeral sustainability. Capital structure issues, rotating around (optimal) leverage, are eventually discussed,
starting from a Modigliani & Miller framework, with practical insights and sensitivity analyses
La valutazione delle azioni senza diritto di voto
No full textDIFFERENZE DI VALORE DERIVANTI DAL DIRITTO DI VOT
Gli indicatori di borsa e i portafogli con obiettivo di crescita patrimoniale e di massimizzazione dei dividendi: un'analisi internazionale e settoriale
No full textindici di borsa P/E, dividend
Le differenze da annullamento e da concambio nella scissione
No full textdifferenze da annullamento nelle fusion
Le società MedTech e BioTech: piattaforme digitali, intelligenza artificiale e valutazione economica
No full textIn ambito BioTech o di dispositivi medici (MedTech), le start-up o le società consolidate scoprono, sviluppano, producono e commer- cializzano farmaci da somministrare ai pazienti, con l’intenzione di curarli, vaccinarli o alleviarne i sintomi. La protezione brevettuale riveste particolare importanza, in un settore iper-regolamentato. L’analisi del modello di business è un prerequisito per la valutazione economica, che dipende anche dagli scenari predittivi suggeriti dall’intelligenza artificiale
From orphanages to family accommodation: a dynamic transition in Northern Uganda
No full textThe high number of orphans in Northern Uganda stems from the region’s turbulent history, particularly the Lord’s Resistance Army conflict (1986–2006), and ongoing socio-economic challenges like HIV, malaria, tuberculosis, poverty, and inadequate healthcare. These issues have led to a rise in orphanages, often supported by foreign initiatives favoring institutional care over family-based alternatives. This emphasis on institutional care has disempowered parents, who often feel pressured to place their children in orphanages due to limited options. This paper explores how innovative, network-driven strategies can transition from institutional care to family-based accommodations, ensuring children’s physical, emotional, social, and psychological well-being. The proposed framework leverages Asset-Based Community Development (ABCD) to enhance education and child welfare by utilizing community resources and capabilities, emphasizing the role of family income and assets in children’s academic success. The paper highlights the importance of addressing economic factors in educational policies, particularly in low-income settings. The transition to family-based care faces challenges such as abuse, malnutrition, and unclear administration of children’s identities in orphanages. The integration of advanced network analysis and results-based financing is proposed as a solution, offering a framework to revolutionize child welfare systems for more efficient and impactful outcomes. Key strategies include family tracing, reunification, foster care, and adoption, requiring strong community support, cultural continuity, and strengthening legal frameworks. However, economic challenges, stigma, and lack of trust are significant barriers to garnering external support and fully realizing family-based care solutions. This paper argues that a community-centered approach, supported by results-based financing and tailored to the local cultural context, offers a sustainable and holistic path forward for improving the welfare of orphans in Northern Uganda
The Cost of Debt for a Project Finance SPV: an Analysis of the Italian Healthcare Sector
No full textAgeing populations require larger healthcare facilities, in spite of growing public budget constraints, inducing to wonder whether we can afford what we increasingly need, accompanying sustainable and careful demography.
New healthcare infrastructures, compliant with Eurostat rules, may not be accounted as public debt increasing investments, if financed with PFI, transferring adequate risks to the private counterpart. There is so little wonder that project finance is increasingly popular in countries as Italy.
This paper contains original analysis of sources of funding (capital, subordinated and senior debt, together with public grant ...), with their timing and risk profile, essential for correct pricing of cost of debt and bankability.
Growing spreads due to recessionary credit crunch somewhat offset decreasing interest rates and leverage has unsurprisingly become more expensive and less popular, this being a back-to-the-earth lesson that both practitioners and academics are painfully starting to learn
Augmented Corporate Valuation From Digital Networking to ESG Compliance
No full textThe valuation paradigms represent a central issue for any business
manager seeking external finance. This book represents an innovative
guide to both practitioners, students, and academics about the trendy
valuation patterns of both startups and seasoned firms. The topic is
very actual and shows the presence of a theoretical and practical gap in
the literature. What is missing is the interaction between sound corporate
finance theory and appraisal applications to innovative businesses.
Empirical cases, with industry applications, show how the theoretical
background can be applied to real situations
- …
