Project Finance - Publications - Faculty & Research

April 1999
Background Note

Note on the Caspian Oil Pipelines

By: Benjamin C. Esty and Mathew M Millett

The Caspian region may become one of the world's next major energy producers. Azerbaijan, Kazakhstan, Turkmenistan, and Uzbekistan-all former Soviet republics--hold vast and largely undeveloped reserves of oil and gas, but the region's export infrastructure is nearly... View Details

Keywords: Economics; Non-Renewable Energy; Investment; Government and Politics; Infrastructure; Outcome or Result; Projects; Natural Environment; Azerbaijan; Kazakhstan; Uzbekistan

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02 Jun 2011
What Do You Think?

Is it Time for a National Bankruptcy?

and relatives in Greece lead better lives than they can afford. Their wages are high, their benefits even higher, and their taxes are low (because, he claims, they avoid paying them). Banks in other countries have to finance Greek... View Details

Keywords: by Jim Heskett

12 Mar 2006
Research & Ideas

Global Poverty Needs a Global Answer

must be profitable to be sustainable. Second, the WDC would take the initiative to target projects in countries that have a good chance of success, where the government is hospitable, the local business community eager for partners, and... View Details

Keywords: by Cynthia Churchwell

18 Dec 2018
First Look

New Research and Ideas, December 18, 2018

in terms of their R&D investment and financing decisions. We document that these negative shocks lead affected firms to increase R&D expenditures, which they finance with debt. In terms of investment... View Details

Keywords: Dina Gerdeman

08 Apr 2011
Research & Ideas

Will the Japan Disaster Remake the Landscape for Green Energy in Asia?

inherent advantage in the country's political system. But that is beginning to change, albeit very slowly. "It was only in 2010 that the first non-recourse project financing was closed for a wind farm... View Details

Keywords: by Dennis Fisher; Energy; Utilities

05 Nov 2012
Research & Ideas

What Wall Street Doesn’t Understand About International Trade

staff's ethnic makeup, the research team had to look at other related factors. For starters, Cohen, Malloy, and Gurun had access to ethnicity data of US metropolitan areas (from the Census Bureau and the American Communities Project at... View Details

Keywords: by Carmen Nobel

12 Mar 2007
Research & Ideas

The New Real Estate

one project ($5.4 billion for Peter Cooper Village, also in New York City) and now the second largest LBO ever after TXU ($39 billion takeover of commercial property owner Equity Office Properties Trust). Investors are witnessing... View Details

Keywords: by Arthur I. Segel; Construction; Real Estate

15 Nov 2016
First Look

November 15, 2016

payoffs differently than private households do. This gives the government a "social risk management" motive: projects that ameliorate market failures when household marginal utility is high are appealing. The second friction is that... View Details

Keywords: Sean Silverthorne

October 2010
Teaching Note

Nettwerk: Digital Marketing in the Music Industry (TN)

By: John A. Deighton and Leora Kornfeld

Teaching Note for 510055. View Details

Keywords: Music Entertainment; Internet and the Web; Contracts; Arts; Projects; Venture Capital; Music Industry

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09 Jan 2006
Research & Ideas

Rebuilding Commercial Real Estate

'78), the former head of real estate for Fidelity Management & Research Company in Boston who now handles special projects for Fidelity. Real estate syndicators essentially sold tax losses to their well-heeled clients. Savings and... View Details

Keywords: by Roger Thompson; Construction; Real Estate

31 Jul 2012
First Look

First Look: July 31

PublicationsFinancial Development, Fixed Costs and International Trade Authors:Bo Becker, David Greenberg, and Jinzhu Chen Publication:Review of Corporate Finance Studies (forthcoming) Abstract Exporting firms face significant up-front... View Details

Keywords: Carmen Nobel

09 Apr 2008
Research & Ideas

The Matchmaker of the Modern Economy

unwavering belief in human potential. After the war, the stage was set for an explosion of innovation, and Doriot was in a perfect position to light the fuse. As a professor of a leading business school and a director of dozens of companies, Doriot had become an expert... View Details

Keywords: by Spencer E. Ante

13 Apr 2010
First Look

First Look: April 13

behavior and preferences into service cost and productivity standard metrics. Optimal Value and Growth Tilts in Long-Horizon Portfolios Authors:W. Jakub Jurkek and Luis M. Viceira Publication:Review of Finance (forthcoming) Abstract We... View Details

Keywords: Martha Lagace

21 Nov 2016
Research & Ideas

It Matters That Your CEO Doesn't Know Much About Sales

strategic objectives,” he says. “Selling divorced from the firm’s goals may be good for individual salespeople and their compensation, but it’s not good for the enterprise and its investors.” The value of selling MBA finance courses often... View Details

Keywords: by Michael Blanding

December 2010
Compilation

VCPE Strategy Vignettes I

By: Josh Lerner, G. Felda Hardymon, Matthew Rhodes-Kropf, Ann Leamon and Lisa Strope

These three vignettes present various issues around the strategy and management of venture capital and private equity firms. In one, the general partners must decide whether to invest in an intriguing opportunity that lies outside the firm's carefully developed... View Details

Keywords: Venture Capital; Private Equity; Financial Strategy; Projects; Decision Choices and Conditions; Partners and Partnerships; Opportunities; Investment Portfolio; Business or Company Management; China

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September 2002 (Revised March 2006)
Case

Environmental Power Corporation: Changing Manure Into Gold?

By: Ray A. Goldberg and Laure Mougeot Stroock

In 2002, Environmental Power Corp. (EPC), a small company developing renewable energy projects, was attempting to commercialize its "digester," a facility that extracted methane from manure, reduced manure's environmental impact, and generated electricity. The company... View Details

Keywords: Commercialization; Energy Generation; Renewable Energy; Environmental Sustainability; Investment; Projects; Wastes and Waste Processing; Corporate Finance; Business and Government Relations; Energy Industry

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21 Jan 2009
First Look

First Look: January 21, 2009

borrowers to restructure their debts. Performing mortgages could then potentially be resold in the secondary market. The case provides cash flow projections in various economic scenarios that are revealing of the economics of troubled... View Details

Keywords: Martha Lagace

23 Jan 2020
Research & Ideas

Businesses Need a 'Catalyst' to Make CSR Practices Stick

potential to partner with local communities for the good of all, they often lack the connections, expertise, and financing to get those enterprises off the ground. For that reason, they need a “catalyst” to make such strategies possible.... View Details

Keywords: by Michael Blanding

22 Sep 2020
Research & Ideas

Recessions Push Some Entrepreneurs to Launch Too Soon

number of additional analyses we conducted confirm that our findings are most likely driven by changes in individuals’ opportunity costs of starting new ventures as a result of worsening labor market conditions and not by changes in skills, or technological and View Details

Keywords: by Sean Silverthorne