Project Financing: Asset–Based Financial Engineering (Wiley Finance) - Hardcover

Finnerty, John D.

Hardcover

ISBN 10: 0470086246 ISBN 13: 9780470086247

Publisher: John Wiley & Sons, 2007

Synopsis

Praise for Project Financing, First Edition "Owing to his teaching as a finance professor and as an experienced investment banker, John Finnerty brings to his book, Project Financing, an insightful perspective, blending the theoretical with the practical." —Zoltan Merszei, former chairman, president, and CEO, The Dow Chemical Company "Finnerty has managed to distill the complexities of project financing with its myriad components and variations. Clear, practical, and in–depth, Project Financing is a valuable user′s guide for project sponsors, regulators, host governments (local and foreign), and financiers alike." —Ricardo M. Campoy, Director, Kilgore Minerals Ltd. "Project Financing warrants a place in the essential libraries of corporate financial managers, their advisors, senior strategists, bankers, large private investors, government officials, and anyone who aspires to master innovation in corporate finance." —Robert F. Bruner, Dean and Charles C. Abbott Professor of Business Administration, Darden Graduate School of Business Administration, University of Virginia "This book is the first comprehensive treatment of project financing. It provides an invaluable contribution to financial management literature and practice." —Andrew H. Chen, Distinguished Professor of Finance, Southern Methodist University

About this title

About the Author

John D. Finnerty , PhD, is a Professor of Finance at Fordham University and Director of the MS in Quantitative Finance Program. He is also Managing Principal of Finnerty Economic Consulting, LLC, which specializes in business valuation, securities valuation, solvency analysis, calculation of damages, and litigation support. Finnerty has testified as an expert in valuation, securities, and other financial matters in federal and state court, and in arbitration and mediation proceedings. His research focuses on corporate finance, including project financing, and fixed income securities and derivatives valuation. Finnerty?has published twelve books, including the first edition of Project Financing, and more than eighty articles and professional papers. Finnerty is currently President of FIASI and Vice President of the Eastern Finance Association.

From the Inside Flap

As an effective alternative to conventional direct financing, project financing has become one of the hottest topics in corporate finance. It′s being used more and more frequently and more successfully on a wide variety of high–profile corporate projects, and has long been used to fund large–scale natural resource projects, from pipelines and refineries to electric–generating facilities and hydroelectric projects. But the challenges of successful project financing are immense, and the requirements of the process can easily be misunderstood. This newly updated edition of Project Financing takes you through the process step by step. Using actual examples and case studies including Euro Disneyland and the Eurotunnel Project that illustrate how to apply the analytical techniques described in the book, it covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, and raise the funds. John Finnerty draws on his vast experience in the field to detail each step of the process, describing the circumstances in which it is most likely to be advantageous, how to craft contractual arrangements to allocate risks and rewards among the interested parties, and how to deal with government, legal, tax, and financial issues. Finnerty has fully revised his original classic work to include up–to–date material on the rationale for project financing, assessing risk, security arrangements, legal structure and contract options, preparing the financial plan, estimating the borrowing capacity of a project, legal requirements, and much more. In addition, he has added completely new chapters that cover the role of financial institutions that finance large projects, analytical tools that are increasingly useful in capital budgeting, and techniques for hedging project risks. His latest research draws from the work of renowned Harvard researcher Benjamin C. Esty and illustrates in detail why some project financing plans have succeeded while others have failed. For corporate finance professionals, CFO′s, financial analysts, project planners, and private investors, Project Financing, Second Edition demystifies the complexities of project financing and provides an invaluable guide for anyone who wants to master innovation in corporate finance today.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2007
• Language: English
• ISBN 10: 0470086246
• ISBN 13: 9780470086247
• Binding: Hardcover
• Edition number: 2
• Number of pages: 496