In this paper, we present the results of the first stage of a research project aimed at determining the optimal build-operate-transfer (BOT) project life span and concession period endogenously and interdependently by maximizing the combined benefits of stakeholders.
This paper compares the effects of incentive modes on benefit distribution of stakeholders and contributes to a new dynamic game framework.
Hence, start-ups need to carefully balance the claimed benefits of stakeholder engagement with costs and launch delay.
In applications conducted during periods of rapid expenditure growth (and primarily concerned with commissioning), any bias against disinvestment will receive low or zero weight in the trade-off between costs and benefits of stakeholder representation.
"It is envisioned the restructuring process will be carried out in an equitable way for the overall benefit of all stakeholders," Dubai World said.
If it eventually receives the £1.2bn payout, a spokesman for Littlewoods said "the net proceeds will be used for further investment for the benefit of all stakeholders".
The reform would give companies the option to reject shareholder primacy and be managed for the benefit of all stakeholders, according to the charity, which represents a growing number of so-called B Corps, or benefit corporations.
It seems doubtful this is consistent with the original vision of Chapter 11 as a means to maximize the going concern value of companies, for the benefit of all stakeholders.
"We remain committed to the UK and our facilities will continue to play an essential part in the long-term growth of Ineos … The change of tax residence would allow us to increase investment to the benefit of all stakeholders in our business".
"We look forward to entering into a constructive dialogue with Alpha Prema as we pursue our objective to further develop the sport for the benefit of all stakeholders and in particular the fans," said a statement issued jointly by Toyota, Honda, Renault, BMW and Daimler-Chrysler.
