International project finance: review and implications for international finance and international business

This literature review analyzes the global phenomenon of international project finance (PF) as both a management and finance instrument, allowing practitioners to realize large scale infrastructure projects in high risk contexts. After describing the characteristics of PF, its historical origins and...

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Bibliographic Details
Published in:Management review quarterly 2017-04, Vol.67 (2), p.97-133
Main Author: Müllner, Jakob
Format: Article
Language:English
Subjects:
Accounting/Auditing
Business and Management
Foreign investment
Infrastructure
Innovation/Technology Management
Interdisciplinary aspects
International Business
International finance
Project finance
State-of-the-Art
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Summary:This literature review analyzes the global phenomenon of international project finance (PF) as both a management and finance instrument, allowing practitioners to realize large scale infrastructure projects in high risk contexts. After describing the characteristics of PF, its historical origins and its unique benefits for empirical inquiry, I summarize the findings of academic research from an interdisciplinary perspective. Based on this integration of Finance, Management and International Business research, I discuss the theoretical implications for each field that emanate from PF. Finally, I identify possibilities for future research and propose a more balanced, interdisciplinary academic treatment of PF.
ISSN:2198-1620
2198-1639
DOI:10.1007/s11301-017-0125-3