Skip to main content

Main menu

  • Latest
  • Issues
    • Published Ahead of Print (PAP)
    • Current Issue
    • Latest Articles
    • Archive
  • About
    • Journal Information
    • Editorial Board
    • About IIJ
  • Information for
    • Advertisers and Sponsors
    • Agents
    • Authors
    • Institutions
  • Events
  • Videos
  • Institutional Investor Journals: Home
    • The Journal of Alternative Investments
    • The Journal of Derivatives
    • The Journal of Fixed Income
    • The Journal of Index Investing
    • The Journal of Investing
    • The Journal of Portfolio Management
    • The Journal of Private Equity
    • The Journal of Retirement
    • The Journal of Trading
    • The Journal of Wealth Management
    • Practical Applications
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
  • Visit IIJ on Facebook

User menu

  • Register
  • Subscribe
  • My folders
  • My alerts
  • Log in

Search

  • Advanced search
The Journal of Structured Finance
  • Institutional Investor Journals: Home
    • The Journal of Alternative Investments
    • The Journal of Derivatives
    • The Journal of Fixed Income
    • The Journal of Index Investing
    • The Journal of Investing
    • The Journal of Portfolio Management
    • The Journal of Private Equity
    • The Journal of Retirement
    • The Journal of Trading
    • The Journal of Wealth Management
    • Practical Applications
  • Register
  • Subscribe
  • My folders
  • My alerts
  • Log in
The Journal of Structured Finance

The Journal of Structured Finance

Advanced Search

  • Latest
  • Issues
    • Published Ahead of Print (PAP)
    • Current Issue
    • Latest Articles
    • Archive
  • About
    • Journal Information
    • Editorial Board
    • About IIJ
  • Information for
    • Advertisers and Sponsors
    • Agents
    • Authors
    • Institutions
  • Events
  • Videos
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
  • Visit IIJ on Facebook
Primary Article

The Allocation of Financial Instruments to Project Activity Risks

Tony Merna and Fook Long Steven Khu
The Journal of Structured Finance Winter 2003, 8 (4) 21-33; DOI: https://doi.org/10.3905/jsf.2003.320291
Tony Merna
Lecturer and research consultant at the project management division at Manchester Centre for Civil and Construction Engineering, UMIST in the UK. anthony.merna@umist.ac.uk
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Fook Long Steven Khu
A post-doctoral research associate at the project management division at Manchester Centre for Civil and Construction Engineering, UMIST in the UK. f.khu@stud.umist.ac.uk
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • Article
  • Info & Metrics
  • PDF
Loading

This article requires a subscription to view the full text. If you have a subscription you may use the login form below to view the article. Access to this article can also be purchased.

Abstract

The types of financial instruments available for financing proj-ects have always been of concern to investors and promoters. In many infrastructure projects, the debt-equity ratio is seen to be a measure of the risk in that project; the greater the risk, the greater the amount equity sponsors are compelled to invest. However, the defined debt-equity structure does not provide a breakdown of the financial instruments associated with the risk identified on each project activity. This article examines the allocation of financial instruments, those being senior debt, mezzanine/subordinated debt, and equity. An example shows the way this mechanism is used.

  • © 2003 Pageant Media Ltd

Log in using your username and password

Forgot your user name or password?

Purchase access

You may purchase access to this article. This will require you to create an account if you don't already have one.
PreviousNext
Back to top

In this issue

The Journal of Structured Finance
Vol. 8, Issue 4
Winter 2003
  • Table of Contents
  • Index by author
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.
The Allocation of Financial Instruments to Project Activity Risks
(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.
Citation Tools
The Allocation of Financial Instruments to Project Activity Risks
Tony Merna, Fook Long Steven Khu
The Journal of Structured Finance Jan 2003, 8 (4) 21-33; DOI: 10.3905/jsf.2003.320291

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
The Allocation of Financial Instruments to Project Activity Risks
Tony Merna, Fook Long Steven Khu
The Journal of Structured Finance Jan 2003, 8 (4) 21-33; DOI: 10.3905/jsf.2003.320291
Permalink:
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
  • Info & Metrics
  • PDF

Cited By...

  • No citing articles found.
  • Google Scholar

More in this TOC Section

  • Yield to Commission
  • ABS, MBS, and CDO Pricing Comparisons
  • Is Corporate Securitization Set to Take Off?
Show more Primary Article

Similar Articles

Institutional Investor Journals
1120 Avenue of the Americas
New York, NY 10036

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
  • Visit IIJ on Facebook

ABOUT US

  • Home
  • About IIJ
  • Nobel Laureates
  • Events
  • Awards
  • Careers

OUR OFFERINGS

  • Guides
  • Permissions and Reprints
  • Digital Archives

GET INVOLVED

  • Advertise or sponsor
  • Publish your work
  • Subscribe
  • Agents

CUSTOMER SERVICE

  • Contact IIJ
  • FAQ's
  • Feedback
  • Publishing Schedule 2017/2018
  • Code of Ethics
  • Subscribe Now
  • Log In

© 2018 Pageant Media Ltd | All Rights Reserved | ISSN: 1551-9783 | E-ISSN: 2374-1325

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