Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Structured Finance
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a demo
  • Log in
The Journal of Structured Finance

The Journal of Structured Finance

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

A Framework for Understanding and Modeling Risk in Mega-Projects and Its Impact on the Markets for Project Finance

Atanu Mukherjee and Purnendu Chatterjee
The Journal of Structured Finance Fall 2015, 21 (3) 88-105; DOI: https://doi.org/10.3905/jsf.2015.21.3.088
Atanu Mukherjee
is president of Dastur Business and Technology Consulting (a division of M.N. Dastur & Co.) in Kolkata, India.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: atanu.m@dastur.com
Purnendu Chatterjee
is chair of Aculead Corporation in Houston, TX, and The Chatterjee Group in New York, NY.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: pc@tcgny.com
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

The authors detail an approach to characterizing the risk of large projects from the perspective of the project finance markets. Unlike current statistical and correlation-based mechanisms of risk characterization, this article evaluates the dynamic nature of complexity in large projects based on causality and explores its relation to risk. The authors suggest a framework to understand and model complexity and risk so as to distill it into components, their interactions, and their impact on access to project finance and risk premiums. They argue that the adoption of such a framework can have a transformative impact on mega-projects and the markets for project finance and suggest how innovations in project finance can be accelerated using their framework. They believe that infrastructure projects, the project finance industry, banks, institutional investors, mega-project sponsors, governments, and multi-lateral agencies will benefit from such a framework. By being able to model, measure, and monitor mega-project dynamic risk characterization, these institutions will be able to structure, organize, and finance projects effectively on an ongoing basis. This, the authors think, will eventually expand the market by increasing the number of participants, leading to enhanced market liquidity and an opportunity for expansion in functional project finance markets.

TOPICS: Project finance, other real assets

  • © 2015 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Structured Finance: 21 (3)
The Journal of Structured Finance
Vol. 21, Issue 3
Fall 2015
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Structured Finance.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
A Framework for Understanding and Modeling Risk in Mega-Projects and Its Impact on the Markets for Project Finance
(Your Name) has sent you a message from The Journal of Structured Finance
(Your Name) thought you would like to see the The Journal of Structured Finance web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
A Framework for Understanding and Modeling Risk in Mega-Projects and Its Impact on the Markets for Project Finance
Atanu Mukherjee, Purnendu Chatterjee
The Journal of Structured Finance Oct 2015, 21 (3) 88-105; DOI: 10.3905/jsf.2015.21.3.088

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
A Framework for Understanding and Modeling Risk in Mega-Projects and Its Impact on the Markets for Project Finance
Atanu Mukherjee, Purnendu Chatterjee
The Journal of Structured Finance Oct 2015, 21 (3) 88-105; DOI: 10.3905/jsf.2015.21.3.088
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • APPROACH TO CHARACTERIZATION OF RISKS IN MEGAPROJECTS
    • THE NATURE OF RISK IN MEGAPROJECTS
    • THE DYNAMIC INTERACTION OF RISKS OVER THE MEGAPROJECT LIFECYCLE
    • A FRAMEWORK FOR RISK CHARACTERIZATION OF MEGA-PROJECTS
    • RISK SCENARIO ANALYSIS USING THE FRAMEWORK
    • SHAPING MARKETS FOR PROJECT FINANCE THROUGH FINANCIAL INNOVATION
    • CONCLUSION
    • APPENDIX
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2022 Pageant Media Ltd | All Rights Reserved | ISSN: 1551-9783 | E-ISSN: 2374-1325

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy