Use and limits in project finance of the capital asset pricing model: overview of highway projects
The Capital Asset Pricing Model (CAPM) has become the standard and most popular tool in corporate finance for assessing t he risk and return in a shareholder´s equity. It is widely used in project finance, particularly in transportation projects. Yet in highly leveraged projects, the CAPM can produc...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
TU Delft Open
2018-09-01
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| Series: | European Journal of Transport and Infrastructure Research |
| Online Access: | https://journals.open.tudelft.nl/ejtir/article/view/3265 |