Project financing (PF) is a technique that lenders finance based on a project's future cash flow and asset value. PF based on business feasibility has emerged and is being adopted in the global market to promote and facilitate infrastructure projects. In this study, key financial factors...

In the framework of small-scale agent-based financial market models, the paper starts out from the concept of structural stochastic volatility, which derives from different noise levels in the demand of fundamentalists and chartists and the time-varying market shares of the two groups. It...