Insights

Opinion pieces from the team, and uses cases covering private markets, infrastructure investment, climate change, social risk, and more.

Featured image for “Report: Q3 2020 Covid-19 Revenue Forecasts Update”

Report: Q3 2020 Covid-19 Revenue Forecasts Update

Oct. 14, 2020
The Q3 2020 release of the EDHECinfra indices incorporates the views and asset-level revenue forecasts of our team of financial analysts. by Jack Lee and the team 1.     Overview: Q3 Update – EDHECinfra updates to cash flow projections due to the impact of the Covid-19 pandemic on infrastructure investments At the beginning of the third quarter of 2020, some countries
Featured image for “Anatomy of a Cash Cow: An In-Depth Look at the Financial Characteristics of Infrastructure Companies”

Anatomy of a Cash Cow: An In-Depth Look at the Financial Characteristics of Infrastructure Companies

Oct. 13, 2020
We examine how infrastructure companies differ from the rest of the economy and in particular whether or not they tend to pay larger and more frequent dividends. We find that infrastructure companies exhibit key systematic differences with a sample of ‘matched’ firms that are otherwise comparable.
Featured image for “The cost of capital of motorway concessions in France: A modern approach to toll regulation”

The cost of capital of motorway concessions in France: A modern approach to toll regulation

Sep. 18, 2020
The high level of tolls on privatised highways is a sensitive matter in French politics. This research paper on the adequate level of tolls on French roads is prominently featured in a report released by the Senate Investigative Committee on the control and regulation of highway concession contracts and highlights the failure to set tolls using fair benchmarks.
Featured image for “Le coût du capital dans les concessions autoroutières en France: Pour une approche moderne de la réglementation des péages”

Le coût du capital dans les concessions autoroutières en France: Pour une approche moderne de la réglementation des péages

Sep. 18, 2020
Cette publication, dont les conclusions sont reprises dans leur intégralité par le rapport de Commission d’enquête du Sénat sur « le contrôle, la régulation et l’évolution des concessions autoroutières » publié le 18 Septembre 2020, met en lumière l’archaïsme de la réglementation des péages dans les concessions d’autoroutes en France.
Featured image for “Failure of regulation means unfair tolls for users of French roads in new study endorsed by Senate investigative committee.”

Failure of regulation means unfair tolls for users of French roads in new study endorsed by Senate investigative committee.

Sep. 18, 2020
18 September 2020 – The high level of tolls on privatised highways is a sensitive matter in French politics. The last renegotiation in 2015 involved now-President Macron when he was Minister of the Finance. A new EDHECinfra research paper on the adequate level of tolls on French roads is prominently featured in a report released today by the Senate Investigative
Featured image for “Archaïsme et injustice de la gestion des péages autoroutiers en France [in French]”

Archaïsme et injustice de la gestion des péages autoroutiers en France [in French]

Sep. 18, 2020
18 Septembre 2020- Une nouvelle publication de recherche de l’EDHEC Infrastructure Institute dont les conclusions sont reprises dans leur intégralité par le rapport de Commission d’enquête du Sénat sur « le contrôle, la régulation et l’évolution des concessions autoroutières » publié le ce jour, met en lumière l’archaïsme de la réglementation des péages dans les concessions d’autoroutes en France, et appelle à