Off-balance sheet financing: Risks and mitigations to this extraordinary financing structure
Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
This paper has the purpose to dig deep into the actual risks associated with financing projects off-balance sheet. This specific debt structure has been very successful in infrastructure financing around the world. Lately, the Enron crash, the WTC event on the 11th of September two years ago and the extensive world economic recession, have all been factors that have impacted project finance. After Enron’s extravagant crash, the term off-balance sheet financing is now associated with financial tampering, unrestrained greed and even fraud. Already, major players like Citigroup, GE and Tyco seem to be paying for the damage done by Enron. The Securities Exchange Commission and the Financial Accounting Standards Boards are working fast to come up with a sustainable solution. The question is whether the answer that follows this process will do more damage than good?
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IdentifiersURN: urn:nbn:se:su:diva-4308OAI: oai:DiVA.org:su-4308DiVA: diva2:193788