In the paper, we introduce Special Issue entitled “New Project Financing and Eco-Efficiency Models for Investment Sustainability”, later present form contents of thematic issue.

Stage financing is the basic operation of venture capital investment. In investment, usually venture capitalists use different strategies to obtain the maximum returns. Due to its advantages to reduce the information asymmetry and agency cost, stage financing is widely used by venture capitalists. Although considerable attentions are devoted to stage financing, very little is known about the ri...

This review focuses on forests in the humid tropics and on two of their potentially most important benefits. These include hydrological benefits, such as erosion control and regulation of stream flows, and non-timber forest products, such as rubber, rattan, fruits, and nuts. The first benefit is motivational. Host countries capture only a small proportion of the global benefits, which stem fr...

We analyze the venture capitalist's decision on the timing of the IPO, the offer price and the fraction of shares he sells in the course of the IPO. A venture capitalist may decide to take a company public or to liquidate it after one or two financing periods. A longer venture capitalist's participation in a firm (later IPO) may increase its value while also increasing costs for the venture cap...

This paper seeks to clarify the extent to which the rule for providing public goods ought to correct for the distortionary cost of raising funds. We argue that, in evaluating public projects, the marginal cost of funds (MCF) concept must be supplemented by a symmetrical concept, which we label the marginal benefit of public projects, or MBP, which indicates the value to individuals of the dolla...

OECD sector 24030 Financial institutions of the formal financial sector BMZ project ID 1999 65 138 Project-executing agency Banco de la República Oriental del Uruguay (BROU) Consultant not applicable Year of ex-post evaluation 2006 Project appraisal (planned) Ex-post evaluation (actual) Start of implementation 01/2001 01/2001 Period of implementation no information available 33 months Investmen...