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Проектное финансирование
This textbook provides a guide to the study and practical application of project finance instruments. It covers a wide range of topics, from theoretical foundations to applied recommendations for solving specific problems in capital raising and risk management. It reveals the nature and economic essence of project finance, comparing it with traditional bank lending and venture capital investing. It covers the historical aspects of the development of project finance in global practice and its current state in Russia. It examines in detail the structure and composition of project finance participants, their roles, and interests. Key elements of project finance are highlighted: risk allocation, financing, risk management, and legal registration of transactions. Various sources of capital are examined, including equity and debt capital, as well as mezzanine financing, leasing, government participation, and collective financing mechanisms. It presents methods for assessing the effectiveness of project finance instruments. Recommendations are provided for choosing an appropriate assessment method depending on the specifics of the project. Particular attention is paid to the identification, classification, and management of risks in project finance. Various types of risks are examined and mechanisms for their mitigation are presented. The book provides numerous examples from business practice, contains numerous diagrams and tables, and also offers a glossary of project finance and a number of other interesting appendices.
Complies with the latest generation of the Federal State Educational Standard of Higher Education.
For undergraduate and graduate students studying in Economics and Management. It is also suitable for graduate students studying in Finance and Credit.
