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| Topic: |
Business
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| Number of pages / Number of words: |
42 / 11619 |
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The basic idea, derived from a previous paper presented in Edinburgh Evaluation Conference , is to consider project rates of return as signals for decision making, determined by unknown variables, including true structural parameters and measurement errors. We apply this idea to ISPA projects and show how to use our approach for a better incentive structure of co-financing...
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We apply this idea to ISPA projects and show how to use our approach for a better incentive structure of co-financing.
The paper developes an approach based on an empirical analysis of a database of about 240 projects. This empirical approach is based on a statistical analysis of expected project returns, and observation of average values and variance of the distribution of co-financing rate...
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