This paper presents a model on the leverage of …nancial intermediaries, where debt are held by risk averse agents and equity by the risk neutral. The paper shows that in an unregulated competitive market, …nancial intermediaries choose to be leveraged over the social best level. This is because the leverage of one intermediary imposes a negative externality upon others by reducing their pro…t m...

the build-operate-transfer (bot) projects are a popular method of privatization of public infrastructure development. there are several risks which might affect a bot project negatively. concession period is one of the most important decision variables in arranging a bot-type contract which should be determined considering the existing risks and uncertainties. a longer concession period is more...

The decision-making process reflects not only the consecutive approaches for decisions taken withinthe company, but it is main direction to identify, develop, implement, and evaluate business processes. levers used develop a strategic performance management denote measures reduce riskin process, which reflect chance of unfavourable elements with negative consequences on decision. In other words...

The build-operate-transfer (BOT) projects are a popular method of privatization of public infrastructure development. There are several risks which might affect a BOT project negatively. Concession period is one of the most important decision variables in arranging a BOT-type contract which should be determined considering the existing risks and uncertainties. A longer concession period is more...