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Books > Business & Economics > Finance & accounting
Large infrastructure projects often face significant cost overruns
and stakeholder fragmentation. Public-Private Partnerships (PPPs)
allow governments to procure long-term infrastructure services from
private providers, rather than developing, financing and managing
infrastructure assets themselves. Aligning public and private
interests and institutional logics to create robust, decades-long
service contracts subject to shifting economic and political
contexts is a significant cross-sectoral governance challenge. This
work summarizes over a decade of research conducted by scholars at
Stanford s Global Projects Center and multiple US and International
collaborators to enhance the governance of both infrastructure
projects and institutional investors, whose long term, cash flow
obligations align especially well with the kinds of long term
inflation-adjusted returns that PPP infrastructure projects can
generate. In these pages, multiple theoretical perspectives are
integrated and combined with empirical evidence to examine how
experiences from more mature PPP jurisdictions can help improve PPP
governance approaches worldwide. The information contained here
will appeal to engineering, economics, political science, public
policy and finance scholars interested in the delivery of
high-quality, sustainable infrastructure services to the citizens
in countries with established and emerging market economies.
Officials in national, state/provincial and local government
agencies seeking alternative financing and service provision
strategies for their civil and social infrastructure, and
legislators and their staff members interested in promoting PPP
legislation will find this book invaluable. It will also be of high
interest to long-term investment professionals from pension funds,
sovereign funds, family offices and university endowments seeking
to deploy money into the infrastructure asset class, and
practitioners seeking insights into methods for enhancing
stakeholder incentive alignment, reducing transaction costs and
improving project outcomes in PPPs. Contributors: B.G. Cameron, G.
Carollo, C.B. Casady, E.F. Crawley, K. Eriksson, W. Feng, M.J.
Garvin, K.E. Gasparro, R.R. Geddes, W.J. Henisz, D.R. Lessard, R.E.
Levitt, T. Liu, A.H.B. Monk, D.A. Nguyen, C. Nowacki, W.R. Scott,
R. Sharma, A.J. South
Working capital refers to the money that a company uses to finance
its daily operations. Proper management of working capital is
critical to financial health and operational success. Working
capital management (WCM) aims to maximize operational efficiency by
maintaining a delicate balance among growth, profitability, and
liquidity. WCM is a continuous responsibility focusing on a firm's
day-to-day operations involving short-term assets and liabilities.
By efficiently managing a firm's cash, accounts receivable,
inventories, and accounts payable, managers can help maintain
smooth operations and improve a company's earnings and
profitability. By contrast, poor WCM could lead to a lower credit
score, financial insolvency, legal troubles, liquidation of assets,
and potential bankruptcy.This book provides an objective look into
the dynamic world of WCM. Its coverage extends from discussing
basic concepts and their applications to increasingly complex and
real-world situations. The book stresses that WCM is a combination
of both art and science. This volume spans the gamut from
theoretical to practical while offering the right balance of
detailed and user-friendly coverage. Readers can gain an in-depth
understanding of this subject from experts in this field. Those who
want a broad survey will benefit, as will readers looking for more
in-depth presentations of specific areas within this field of
study. In summary, Working Capital Management: Concepts and
Strategies provides a fresh look at this intriguing but often
complex subject of WCM.
Appointed by George W. Bush as the chairman of the Federal Deposit
Insurance Corporation (FDIC) in 2006, Sheila Bair witnessed the
origins of the financial crisis and in 2008 became--along with Hank
Paulson, Ben Bernanke, and Timothy Geithner--one of the key public
servants trying to repair the damage to the global economy. "Bull
by the Horns" is her remarkable and refreshingly honest account of
that contentious time and the struggle for reform that followed and
continues to this day.
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