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This document discusses a dissertation submitted by Zinat Alam to the Department of Finance at Georgia State University in August 2010. The dissertation empirically analyzes how the correlation and volatilities of firm and project cash flows affect the choice between project finance and corporate finance. It finds that project finance is more likely when there is a large difference between the volatilities of firm and project cash flows, and when the correlation between their cash flows is high. The dissert

Author

Iulianna Iulianna

Language

EN