Fernando Correa Ferreira Filho, D. Monte-mor, F. Damasceno
{"title":"巴西铁路投资的吸引力","authors":"Fernando Correa Ferreira Filho, D. Monte-mor, F. Damasceno","doi":"10.12660/rbfin.v18n1.2020.80873","DOIUrl":null,"url":null,"abstract":"We analyze the main factors influencing the attractiveness of public-private partnerships (PPP) applied to Brazil. Considering the Brazilian regulatory framework, the risks involved in a railroad PPP in Brazil are quantified and the attractiveness of this investment is evaluated through Monte Carlo simulations. Results suggest that Capex and regulatory risks are the main obstacles to PPP projects in Brazil. In addition, measures have been proposed to be implemented by the government to improve the return of these enterprises. New attractiveness analyses confirm a reduction in venture risk with the proposed measures.","PeriodicalId":152637,"journal":{"name":"Brazilian Review of Finance","volume":"55 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The attractiveness of investments in railways in Brazil\",\"authors\":\"Fernando Correa Ferreira Filho, D. Monte-mor, F. Damasceno\",\"doi\":\"10.12660/rbfin.v18n1.2020.80873\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We analyze the main factors influencing the attractiveness of public-private partnerships (PPP) applied to Brazil. Considering the Brazilian regulatory framework, the risks involved in a railroad PPP in Brazil are quantified and the attractiveness of this investment is evaluated through Monte Carlo simulations. Results suggest that Capex and regulatory risks are the main obstacles to PPP projects in Brazil. In addition, measures have been proposed to be implemented by the government to improve the return of these enterprises. New attractiveness analyses confirm a reduction in venture risk with the proposed measures.\",\"PeriodicalId\":152637,\"journal\":{\"name\":\"Brazilian Review of Finance\",\"volume\":\"55 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-04-10\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Brazilian Review of Finance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.12660/rbfin.v18n1.2020.80873\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Brazilian Review of Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.12660/rbfin.v18n1.2020.80873","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The attractiveness of investments in railways in Brazil
We analyze the main factors influencing the attractiveness of public-private partnerships (PPP) applied to Brazil. Considering the Brazilian regulatory framework, the risks involved in a railroad PPP in Brazil are quantified and the attractiveness of this investment is evaluated through Monte Carlo simulations. Results suggest that Capex and regulatory risks are the main obstacles to PPP projects in Brazil. In addition, measures have been proposed to be implemented by the government to improve the return of these enterprises. New attractiveness analyses confirm a reduction in venture risk with the proposed measures.
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