Capital investment on Information and Communications Technology (ICT) projects in the public sector of Nigeria economy has been on the increase in the last ten years. This paper proposes fifty three performance indices of ICT projects and a tool for evaluating them. The ICT projects in the public sector of Nigerian economy were surveyed and completed questionnaires were received from forty five...

In Brazil, Energy Market players dedicate many efforts in valuation and optimal allocation of capital decision to implement projects, due the large candidate projects number in their investment portfolios. The strategic decisions of those players should choose the projects subset that will be implemented, because usually, they don ́t have the financial resources to implement all then. Many are t...

This paper aims to provide further insights into the linkages between stock market development and economic growth within the context of a dynamic general equilibrium framework of informational asymmetries, endogenous contract choice and capital accumulation. When firms have access to different projects with different unobservable rate of returns, the market valuation of those projects is an “a...

I address the question of optimal capital ratio in banking, particularly the fact that banks’ riskweighted capital are substantially larger than the stipulated reserve requirements by Bank of International Settlements. My contribution is to show that when the underlying values of borrowers are correlated, banks should hold positive risk-weighted capital, regardless of the regulation. I use a de...

We consider a problem commonly faced in industry, involving annual selection of plant capital investments. A typical approach to such a problem uses a multi-knapsack formulation, which takes as input the available budget in each year, the stream of liabilities induced by selecting each project, and the profit, i.e., net present value, of each project. The goal is to select the portfolio of proj...

We model the internal capital market of a conglomerate where headquarters must rely on information reported by division managers to allocate limited resources across competing projects. Managers may exaggerate project quality to attract more capital, which limits the extent of winner-picking in capital budgeting. Focus (correlated projects) helps headquarters to infer information regarding proj...

The CLASS model is a top‐down capital stress testing framework that projects the effect of different macroeconomic scenarios on U.S. banking firms. The model is based on simple econometric models estimated using public data and also on assumptions about loan loss provisioning, taxes, asset growth, and other factors. We use this framework to calculate a projected industry capital gap relative to...

This paper studies theoretically how the cross-country differences in the institutional quality (IQ) of the domestic credit markets shape the patterns of international capital flows when such IQ differences cause productivity differences across countries. IQ affects productivity by changing productivity-agency cost trade-offs across heterogeneous investment projects, which have opposite effects...

This paper considers bi-lateral technology transfer projects undertaken by IPSYS Software plc., a small UK software technology company specialising in the development of Computer Aided Software Engineering (CASE) toolsets. IPSYS had unique technology but limited expertise and market presence in the application of particular software development methods, and limited development capital. Partners...