Matches in SemOpenAlex for { <https://semopenalex.org/work/W87055018> ?p ?o ?g. }
Showing items 1 to 74 of
74
with 100 items per page.
- W87055018 abstract "Australian toll roads are usually financed by a combination of debt and equity, but there are two different ways in which this financial arrangement is utilised. The first one involves private equity partners who subscribe capital and in the second one the toll road project is listed on the Australian Stock Exchange (ASX), and tradable shares or trust units are issued. Examples of the first kind of arrangement are the Sydney Cross City Tunnel (CCT) and the Lane Cove Tunnel (LCT). Examples of the second kind include the M2 Motorway and Transurban City Link. This paper analyses three financial models the CCT, LCT and M2 by the mathematical theory of probability in order to determine whether the cash flow is likely to be able to amortize debt by the end of the concession periods. Based on the matrices of financial data given in the models, the analysis shows that the probability of insolvency is generally very high even if the time value of money is ignored. If it is not ignored and appropriate discount rates are applied to the relevant financial quantities, the probability of insolvency is certain. These results have potentially serious consequences for long term investors such as superannuation funds with substantial equity positions. (a) For the covering entry of this conference, please see ITRD abstract no. E214666." @default.
- W87055018 created "2016-06-24" @default.
- W87055018 creator A5023543477 @default.
- W87055018 date "2006-09-01" @default.
- W87055018 modified "2023-09-26" @default.
- W87055018 title "THE FATAL FLAW IN THE FINANCING OF PRIVATE ROAD INFRASTRUCTURE IN AUSTRALIA" @default.
- W87055018 cites W1533179050 @default.
- W87055018 cites W1961537061 @default.
- W87055018 cites W2101617749 @default.
- W87055018 cites W567490081 @default.
- W87055018 cites W619871589 @default.
- W87055018 cites W3175072673 @default.
- W87055018 hasPublicationYear "2006" @default.
- W87055018 type Work @default.
- W87055018 sameAs 87055018 @default.
- W87055018 citedByCount "5" @default.
- W87055018 countsByYear W870550182013 @default.
- W87055018 crossrefType "proceedings-article" @default.
- W87055018 hasAuthorship W87055018A5023543477 @default.
- W87055018 hasConcept C10138342 @default.
- W87055018 hasConcept C120527767 @default.
- W87055018 hasConcept C144133560 @default.
- W87055018 hasConcept C162324750 @default.
- W87055018 hasConcept C163428354 @default.
- W87055018 hasConcept C17744445 @default.
- W87055018 hasConcept C182306322 @default.
- W87055018 hasConcept C199539241 @default.
- W87055018 hasConcept C199728807 @default.
- W87055018 hasConcept C2778025104 @default.
- W87055018 hasConcept C2778636371 @default.
- W87055018 hasConcept C4163816 @default.
- W87055018 hasConcept C54355233 @default.
- W87055018 hasConcept C86803240 @default.
- W87055018 hasConceptScore W87055018C10138342 @default.
- W87055018 hasConceptScore W87055018C120527767 @default.
- W87055018 hasConceptScore W87055018C144133560 @default.
- W87055018 hasConceptScore W87055018C162324750 @default.
- W87055018 hasConceptScore W87055018C163428354 @default.
- W87055018 hasConceptScore W87055018C17744445 @default.
- W87055018 hasConceptScore W87055018C182306322 @default.
- W87055018 hasConceptScore W87055018C199539241 @default.
- W87055018 hasConceptScore W87055018C199728807 @default.
- W87055018 hasConceptScore W87055018C2778025104 @default.
- W87055018 hasConceptScore W87055018C2778636371 @default.
- W87055018 hasConceptScore W87055018C4163816 @default.
- W87055018 hasConceptScore W87055018C54355233 @default.
- W87055018 hasConceptScore W87055018C86803240 @default.
- W87055018 hasLocation W870550181 @default.
- W87055018 hasOpenAccess W87055018 @default.
- W87055018 hasPrimaryLocation W870550181 @default.
- W87055018 hasRelatedWork W1505906542 @default.
- W87055018 hasRelatedWork W1513804847 @default.
- W87055018 hasRelatedWork W1593810646 @default.
- W87055018 hasRelatedWork W1849111476 @default.
- W87055018 hasRelatedWork W1961537061 @default.
- W87055018 hasRelatedWork W1966242661 @default.
- W87055018 hasRelatedWork W2032246970 @default.
- W87055018 hasRelatedWork W2037980608 @default.
- W87055018 hasRelatedWork W2125285014 @default.
- W87055018 hasRelatedWork W214258133 @default.
- W87055018 hasRelatedWork W2218175937 @default.
- W87055018 hasRelatedWork W2264495324 @default.
- W87055018 hasRelatedWork W2334226759 @default.
- W87055018 hasRelatedWork W2617071627 @default.
- W87055018 hasRelatedWork W3123127662 @default.
- W87055018 hasRelatedWork W561775174 @default.
- W87055018 hasRelatedWork W594357554 @default.
- W87055018 hasRelatedWork W599458925 @default.
- W87055018 hasRelatedWork W634358716 @default.
- W87055018 hasRelatedWork W2603717134 @default.
- W87055018 isParatext "false" @default.
- W87055018 isRetracted "false" @default.
- W87055018 magId "87055018" @default.
- W87055018 workType "article" @default.