Appropriate and effective regulatory frameworks remain crucial for ensuring that investments in infrastructure are done strategically and efficiently. Benchmarking infrastructure development 2020 assesses the regulatory quality for preparation, procurement, and management of large infrastructure...

This study discusses the sustainability of highly-fragile, consensus-oriented developments which rely on voluntary contributions of resources. The research is grounded on a dataset of interorganizational controversies that arose during the planning of four mega infrastructure projects in the UK....

Sovereign wealth funds represent a large and growing pool of savings. An increasing number of these funds are owned by natural resource exporting countries and have a variety of objectives, including intergenerational equity and macroeconomic stabilization. Traditionally, these funds have...

The typical project appraisal methods are based on Discounted Cash Flow (DCF)-based measures like Net Present Value (NPV) and Internal Rate of Return (IRR). However, they exhibit weaknesses in dealing with uncertainty, complexity and flexibility. In today’s business environment, traditional...

Case study analysis is used to examine the application of real options in valuing a commercial real estate mall project. Comparison of valuations using traditional discounted cash flow model with Black-Scholes, Binomial and Samuelson-McKean option models brings out the relevance of real option...

In today’s business environment, traditional capital budgeting methods are no longer adequate to reflect the dynamic world of new economy. The typical project appraisal methods are based on Discounted Cash Flow (DCF)-based measures like Net Present Value (NPV) and Internal Rate of Return...