Different valuation methods can lead to different corporate investment decisions, and the conventional "static, single discount rate" DCF approach in particular is biased against many of the kinds of decisions that corporate managers tend to view as "strategic." Reducing the bias from valuations...

The purpose of the proposed research is to develop an approach to public enterprise finance that provides insights into the financial linkages of public enterprises with their parent governments and capital markets, the financial behavior of the public enterprises themselves, and most...

Large engineering projects (LEPs) are high-stakes games characterized by substantial irreversible commitments, skewed reward structures when they are successful, and high probabilities of failure. Their dynamics also change over time. The journey from initial conception to ramp-up and revenue...

The Strategic Management of Large Engineering Projects -- Contents -- Tables -- Figures -- The IMEC Research Group -- The IMEC Research Program -- Abbreviations -- Preface -- Acknowledgments -- Introduction -- Public Goods and Private Strategies: Making Sense of Project Performance --...