Concepts like corporate governance have been developed, due to the needs of the owners to supervise the management and influence the directions of the acquired companies. We will look upon corporate governance as a way for that investors/owners to exercise influence over, and supervise the acquired company
PROJECT PERFORMANCE BASED OPTIMAL CAPITAL STRUCTURE FOR PRIVATELY FINANCED INFRASTRUCTURE PROJECTS
Privately Financed Infrastructure (PFI) projects are characterized by huge and irreversible investments and are faced with various risks. Project performance risks, such as project completion time and costs, affect the project value significantly, particularly in project development phase. This is because a major part of the project investments are made during this phase. Due to [...]