Textbook
Modern Project Finance: A CasebookISBN: 978-0-471-43425-2
Paperback
544 pages
October 2003, ©2004
This is a Print-on-Demand title. It will be printed specifically to fill your order. Please allow an additional 10-15 days delivery time. The book is not returnable.
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Chris Beale
Managing Director and Global Head of Project Structured Trade Finance, Citigroup
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Professor Esty is the preeminent scholar in the study of large
projects, and this book is an outstanding introduction to the field
of project finance. It provides a framework of theoretical
coherence and practical insight that reflects the reality of
experience. This exciting and important book is a major
contribution to the understanding and teaching of project
finance.
Jay Worenklein
Chairman and CEO of U.S. Power Generating Company
former Head of Project Finance at Milbank Tweed and Socié
té Gé né ral
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Through these case studies and his careful documentation of
institutional details in both developed and developing country
settings, Esty has provided an extremely valuable service to the
finance profession. He opens up this important field and correctly
argues that understanding the many and complex reasons why project
finance is so widely used informs the general theory of corporate
finance, governance, and organizational theory in important ways.
His analysis and arguments that there is no simple, single
explanation for the success of project finance, and that project
finance can dramatically reduce a wide variety of agency costs seem
right on the money.
Michael C. Jensen
Jesse Isidor Straus Professor Emeritus, Harvard Business
School
Managing Director, Organizational Strategy Practice, Monitor
Co.
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For people interested in project finance or how finance works in
emerging markets, I highly recommend this book. These case studies
provide lessons not available in traditional finance textbooks, and
they do it in very interesting (and real) situations. Having taught
these cases, I believe they provide students and finance
practitioners with frameworks to analyze the structure of and
rationale for various financing decisions made in developing
countries.
Campbell Harvey
J. Paul Sticht Professor of International Business
Fuqua School of Business, Duke University
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This book is the only book you'll ever have to read on project finance.
Peter Went
Department of Management, Bucknell University