Study on the financing mode selection of overseas investment for coal mining projects
Li Fang 1 , Jin Cong
COMPUTER MODELLING & NEW TECHNOLOGIES 2014 18(12A) 491-500
1 School of Mechanics and Civil Engineering, China University of Mining and Technology (Beijing), Ding 11Xueyuan Road, Beijing, China
Outward foreign investment of coal mining project needs a large amount of money and has the characteristics of high returns and risks. The transnational financing is more difficult to manage and make decisions, under the complicated financial and legal environment. From the perspective of project sponsors, the selection of the financing model not only affects the project ownership, the cost of capital, risk sharing, etc., but also is the basis of development work of follow-up. This paper found out the influence factors of financing model selection through the ISM method, and calculated the index weight through the ANP model with unknown expert weight, based on the analysing of the existing financing modes and their respective characteristics. Then the grey target decision model was established for financing mode selection, with index weight got by the previous step.