Personal Journey at The Edge of Engineering Mastery
Part III: Appendix Glossary of Project Finance Terms This glossary provides definitions of specialised terms related to investment evaluation and dividend determination in project finance from a capitalist’s perspective. Each term includes a definition/explanation and classification (Investment Evaluation, Dividend & CF, Contracts & Organisation, Financing Terms, Risk & Reserves). Glossary of Project Finance Terms…
Part II: Practice of Dividend Distribution and Modelling Chapter 5: Dividend Policy—Multilayered Constraints and Decision Mechanism 5.1 Multilayered Constraint Structure in Dividend Determination Dividend determination in project finance is not automatically implemented simply by satisfying DSCR criteria. Dividends can only be implemented after sequentially clearing multiple constraint conditions—a multilayered gate structure. Without understanding this…
[Part I] Theory of Investment Evaluation: Cash Flow, Returns, and Financial Soundness Indicators Introduction This thesis elucidates practical challenges in investment evaluation and dividend determination in project finance. The first core issue is the ambiguity in the definition of Project IRR. Multiple definitions coexist—pre-tax and post-tax, before and after interest, CAFDS-based—resulting in differences exceeding…