Why Study Large Projects? An Introduction to Research on Project Finance
解释为何项目融资（尤其是大型项目）值得单独进行学术研究和教学，指出该领域存在研究高杠杆、合同细节、股权集中度与管理激励及资产价值关系的机会。
Abstract Despite the fact that more than $200 billion of capital investment was financed through project companies in 2001, an amount that grew at a compound annual rate of almost 20% during the 1990s, there has been very little academic research on project finance. The purpose of this article is to explain why project finance in general and why large projects in particular merit separate academic research and instruction. In short, there are significant opportunities to study the relationship among structural attributes (i.e., high leverage, contractual details, and concentrated equity ownership), managerial incentives, and asset values, as well as improve current practice in this rapidly growing field of finance.