{"id":"https://openalex.org/W2749328523","doi":"https://doi.org/10.4018/ijsda.2017100105","title":"Impact of Interest and FX Rate on Breach of DSCR in Project Finance","display_name":"Impact of Interest and FX Rate on Breach of DSCR in Project Finance","publication_year":2017,"publication_date":"2017-08-28","ids":{"openalex":"https://openalex.org/W2749328523","doi":"https://doi.org/10.4018/ijsda.2017100105","mag":"2749328523"},"language":"en","primary_location":{"id":"doi:10.4018/ijsda.2017100105","is_oa":false,"landing_page_url":"https://doi.org/10.4018/ijsda.2017100105","pdf_url":null,"source":{"id":"https://openalex.org/S4210210041","display_name":"International Journal of System Dynamics Applications","issn_l":"2160-9772","issn":["2160-9772","2160-9799"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320424","host_organization_name":"IGI Global","host_organization_lineage":["https://openalex.org/P4310320424"],"host_organization_lineage_names":["IGI Global"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of System Dynamics Applications","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5035189746","display_name":"Chol Han Jong","orcid":null},"institutions":[{"id":"https://openalex.org/I3130430780","display_name":"Seoul School of Integrated Sciences and Technologies","ror":"https://ror.org/02xj62754","country_code":"KR","type":"education","lineage":["https://openalex.org/I3130430780"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Chol Han Jong","raw_affiliation_strings":["aSSIST, Seoul, South Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"aSSIST, Seoul, South Korea","institution_ids":["https://openalex.org/I3130430780"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5006473082","display_name":"Min Jae Park","orcid":"https://orcid.org/0000-0002-9380-2744"},"institutions":[{"id":"https://openalex.org/I3130430780","display_name":"Seoul School of Integrated Sciences and Technologies","ror":"https://ror.org/02xj62754","country_code":"KR","type":"education","lineage":["https://openalex.org/I3130430780"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Min Jae Park","raw_affiliation_strings":["aSSIST, Seoul, South Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"aSSIST, Seoul, South Korea","institution_ids":["https://openalex.org/I3130430780"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.7397,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":{"value":0.92185373,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"6","issue":"4","first_page":"84","last_page":"101"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11939","display_name":"Public-Private Partnership Projects","score":0.9941999912261963,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11939","display_name":"Public-Private Partnership Projects","score":0.9941999912261963,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9909999966621399,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9800999760627747,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/cash-flow","display_name":"Cash flow","score":0.7132960557937622},{"id":"https://openalex.org/keywords/project-finance","display_name":"Project finance","score":0.5846452116966248},{"id":"https://openalex.org/keywords/debt","display_name":"Debt","score":0.5719349384307861},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.5680030584335327},{"id":"https://openalex.org/keywords/structured-finance","display_name":"Structured finance","score":0.5251267552375793},{"id":"https://openalex.org/keywords/debt-service-coverage-ratio","display_name":"Debt service coverage ratio","score":0.5210422873497009},{"id":"https://openalex.org/keywords/interest-rate","display_name":"Interest rate","score":0.47618380188941956},{"id":"https://openalex.org/keywords/corporate-finance","display_name":"Corporate finance","score":0.45942452549934387},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4326995611190796},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4133409261703491},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.40205666422843933},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.3487371802330017},{"id":"https://openalex.org/keywords/financial-crisis","display_name":"Financial crisis","score":0.1488107144832611},{"id":"https://openalex.org/keywords/macroeconomics","display_name":"Macroeconomics","score":0.11715826392173767}],"concepts":[{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.7132960557937622},{"id":"https://openalex.org/C2780278329","wikidata":"https://www.wikidata.org/wiki/Q182590","display_name":"Project finance","level":2,"score":0.5846452116966248},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.5719349384307861},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5680030584335327},{"id":"https://openalex.org/C112846952","wikidata":"https://www.wikidata.org/wiki/Q1810265","display_name":"Structured finance","level":3,"score":0.5251267552375793},{"id":"https://openalex.org/C171562969","wikidata":"https://www.wikidata.org/wiki/Q1713926","display_name":"Debt service coverage ratio","level":4,"score":0.5210422873497009},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.47618380188941956},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.45942452549934387},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4326995611190796},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4133409261703491},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.40205666422843933},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3487371802330017},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.1488107144832611},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.11715826392173767},{"id":"https://openalex.org/C44171179","wikidata":"https://www.wikidata.org/wiki/Q461319","display_name":"External debt","level":3,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.4018/ijsda.2017100105","is_oa":false,"landing_page_url":"https://doi.org/10.4018/ijsda.2017100105","pdf_url":null,"source":{"id":"https://openalex.org/S4210210041","display_name":"International Journal of System Dynamics Applications","issn_l":"2160-9772","issn":["2160-9772","2160-9799"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320424","host_organization_name":"IGI Global","host_organization_lineage":["https://openalex.org/P4310320424"],"host_organization_lineage_names":["IGI Global"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of System Dynamics Applications","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:igg:jsda00:v:6:y:2017:i:4:p:84-101","is_oa":false,"landing_page_url":"https://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJSDA.2017100105","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","score":0.49000000953674316,"display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":26,"referenced_works":["https://openalex.org/W259286310","https://openalex.org/W346850415","https://openalex.org/W627645933","https://openalex.org/W1914310497","https://openalex.org/W1984649850","https://openalex.org/W2007332788","https://openalex.org/W2024977312","https://openalex.org/W2029478106","https://openalex.org/W2049400034","https://openalex.org/W2050613565","https://openalex.org/W2061979451","https://openalex.org/W2079116647","https://openalex.org/W2079825704","https://openalex.org/W2105973145","https://openalex.org/W2260766805","https://openalex.org/W2320454850","https://openalex.org/W2470886189","https://openalex.org/W2503005566","https://openalex.org/W2508061121","https://openalex.org/W2528268768","https://openalex.org/W2582528691","https://openalex.org/W2599192899","https://openalex.org/W2619282889","https://openalex.org/W2969946720","https://openalex.org/W4285719527","https://openalex.org/W4295129384"],"related_works":["https://openalex.org/W2495959277","https://openalex.org/W2159291541","https://openalex.org/W4252878751","https://openalex.org/W3001139499","https://openalex.org/W2901880836","https://openalex.org/W589236820","https://openalex.org/W4249965788","https://openalex.org/W3122721128","https://openalex.org/W2172035150","https://openalex.org/W2609707077"],"abstract_inverted_index":{"Project":[0],"financing":[1],"(PF)":[2],"is":[3,27],"a":[4,11,93,96,101,108],"technique":[5],"that":[6,95],"lenders":[7],"finance":[8,51],"based":[9,20],"on":[10,21],"project's":[12],"future":[13],"cash":[14],"flow":[15],"and":[16,26,36,71,110,124,157],"asset":[17],"value.":[18],"PF":[19],"business":[22],"feasibility":[23],"has":[24,117],"emerged":[25],"being":[28],"adopted":[29],"in":[30],"the":[31,47,62,68,79,88,111,118,131,134,141,145],"global":[32],"market":[33],"to":[34,150],"promote":[35],"facilitate":[37],"infrastructure":[38],"projects.":[39],"In":[40,86],"this":[41],"study,":[42],"key":[43,80],"financial":[44,97,155],"factors":[45,63,156],"impacting":[46],"status":[48],"of":[49,58,107,121,148,154],"project":[50,109],"will":[52,64,90,99,127,138],"be":[53,65,128],"reviewed.":[54],"System":[55],"dynamics":[56],"model":[57],"causal":[59],"relations":[60],"between":[61],"created,":[66],"utilizing":[67],"stock-flow":[69],"diagram":[70],"simulated":[72],"with":[73,92,104],"time":[74],"series":[75],"data":[76],"available":[77],"for":[78,144],"elements,":[81],"using":[82],"Monte":[83],"Carlo":[84],"simulation.":[85],"particular,":[87],"authors":[89],"start":[91],"hypothesis":[94],"covenant":[98],"provide":[100],"strong":[102],"link":[103],"default":[105],"situation":[106],"debt":[112],"coverage":[113],"service":[114],"rate":[115,123,126],"(DSCR)":[116],"function.":[119],"Volatilities":[120],"interest":[122],"FX":[125],"examined":[129],"regarding":[130],"sensitivity":[132],"towards":[133],"DSCR.":[135],"This":[136],"article":[137],"eventually":[139],"present":[140],"theoretical":[142],"basis":[143],"decision":[146],"behavior":[147],"hedging":[149],"mitigate":[151],"fluctuation":[152],"risks":[153],"some":[158],"implications.":[159]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":3}],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}