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Finance and Credit
 

Project finance in bank management

Vol. 23, Iss. 13, APRIL 2017

PDF  Article PDF Version

Received: 8 February 2017

Received in revised form: 20 February 2017

Accepted: 13 March 2017

Available online: 16 April 2017

Subject Heading: INVESTING

JEL Classification: E22, E51, F21, H62

Pages: 765-779

https://doi.org/10.24891/fc.23.13.765

Bektenova G.S. Plekhanov Russian University of Economic, Moscow, Russian Federation
kafedrabd@mail.ru

Subject The article examines the project finance market as one having all resources to meet the needs of changing economic conditions.
Objectives The aim of the study is to highlight the most significant factors of the project finance market that influence the formation of a mechanism of its operation, to choose instruments for project financing, define investment appeal of the market and attractiveness of project for each individual investor at every stage of project implementation.
Methods The study employs methods of systems approach and logical analysis, expert evaluation and mathematical calculations.
Results The paper highlights basic elements of project finance system, like bank management, corporate social responsibility, payment systems. It offers a classification of indicators to assess bank management that reflects the quality of management decisions. The basic models used in the system of project financing in the global market are formed under the influence of socio-cultural factors. The level of payment systems' development influences and forms the infrastructure of project finance system.
Conclusions A systems approach to defining the direction of project finance market development will enable efficient use of available financial resources that are accumulated in specialized credit and financial institutions and exist in the form of savings. Integrated assessment of investment appeal of the market and the entire project will help channel available cash assets to the most profitable projects.

Keywords: project finance, investment climate, bank management, corporate social responsibility, payment service

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