書誌事項
- タイトル別名
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- DEVELOPMENT OF ISLAMIC FINANCE AND ITS IMPACT ON PPP INVESTMENTS
- イスラーム キンユウ ノ ハッテン ト PPP トウシ エ ノ エイキョウ
この論文をさがす
抄録
Application of PPP (Public Private Partnership) to infrastructure developments is a common phenomenon around the world. This movement of adopting PPP allows the financial source of infrastructure development procurement to be diversified. Recent development of Islamic finance made itself remarkable as one of the alternatives for financial procurement in PPP projects. This paper proposes a formal model to analyze a mechanism of determining the rate of return (RoR), or the interest in the conventional finance, in order to derive an implication of the recent development of Islamic finance to the procurement cost of project financing projects for infrastructure. The analytical result of our paper shows that Islamic bank's RoR are lower in both of the deposit market and the lending market compared to conventional banks. Furthermore, the more religiously conscious those Muslim depositors are, the higher the RoR of Islamic finance becomes, and also the less the transaction costs are, the higher the RoR of Islamic finance becomes.
収録刊行物
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- 土木学会論文集D3（土木計画学）
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土木学会論文集D3（土木計画学） 67 (5), 67_I_231-67_I_242, 2011
公益社団法人 土木学会