Presented at the 2003 Merton H. Miller Doctoral Seminar, organised by John Doukas at the European Financial Management Association (EFMA) 2003 Annual Meeting, Helsinki, Finland.
Why Study Large Projects? An Introduction to Research on Project Finance
Version of Record online: 1 JUN 2004
European Financial Management
Volume 10, Issue 2, pages 213–224, June 2004
How to Cite
Esty, B. C. (2004), Why Study Large Projects? An Introduction to Research on Project Finance. European Financial Management, 10: 213–224. doi: 10.1111/j.1354-7798.2004.00247.x
I would like to thank the Division of Research at Harvard Business School for supporting this research, and John Doukas (the editor), Bill Fruhan, Tom Piper, Rick Ruback, and Peter Tufano for comments on an earlier version of this article.
There is no single, generally agreed upon definition of project finance. A recent article in the Wall Street Journal illustrates the confusion that surrounds the definition. The article defined project finance as, ‘…a term that typically refers to money lent to build power plants or oil refineries’ (Pacelle et al. 2001).
- Issue online: 1 JUN 2004
- Version of Record online: 1 JUN 2004
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