this study is related to an islamic project financing with a major focus on investigating the role of islamic finance in financing infrastructural development projects (toll roads, power plants, airports, and plants, as well as natural resource exploitation projects, such as hydroelectric dams, mining projects, oil and gas assets, and paper mills), especially in the context of pakistan. infrast...

6 7 Expanded Version 8 We generalize the idea of semi-self-financing strategies, originally discussed in Ehrbar, Journal of 9 Economic Theory (1990), and later formalized in Cui et al, Mathematical Finance 22 (2012), for 10 the pre-commitment mean-variance (MV) optimal portfolio allocation problem. The proposed 11 semi-self-financing strategies are built upon a numerical solution framework for ...

Background Despite Indonesia’s health status improvement over the last decade, special efforts to achieve the MDGs goals are still warranted, especially in maternal, neonatal, and child health (MNCH). However, the current centrally driven MNCH policies do not address the geographical disparities and the different constraints faced by Indonesian provinces and districts. Moreover, the MNCH slow p...

Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax mobilization problems. This paper develops a dynamic stochastic model to analyze the macroeconomic effects of investing resource revenues, making explicit the role of public investment inefficiency, absorptive capacity constraints, Dutch d...

I put forward a new theoretical framework to analyze the relationship between soft budget constraint syndrome and the economic performances of firms. It differs from the existing theoretical framework, à la Dewatripont and Maskin (1995), in the soft budget constraint literature. In this paper, soft budget constraint syndrome arises when firms that are expected to lose money are financed. The pa...

Technological innovation is the source of generating new momentum. In context financing constraints generally existing in China, it particularly important to explore impact technological investment on corporate financial risk, which also provides a risk identification perspective and development direction for enterprises. Based data China’s small medium-sized listed companies from 2010 2019, mo...

This paper is concerned with some feasibility issues in mathematical programs with equilibrium constraints (MPECs) where additional joint constraints are present that must be satis ed by the state and design variables of the problems. We introduce su cient conditions that guarantee the feasibility of these MPECs. It turns out that these conditions also guarantee the feasibility of the quadratic...