TY  - JOUR
PY  - 2024//
TI  - Valuation of infrastructure projects: review of the real options literature
JO  - Transportation research record
A1  - Marques, Naielly Lopes
A1  - Sanchez, Liliana Dennis Mejia
A1  - Brandão, Luiz Eduardo Teixeira
A1  - Bastian-Pinto, Carlos de Lamare
SP  - 174
EP  - 183
VL  - 2678
IS  - 5
N2  - Given the infrastructure sector development and the worldwide trend to grant infrastructure projects to private investors, a growing number of articles in the literature have been devoted to the issue of evaluating this class of investments. To consider the risk and irreversibility of infrastructure investments, researchers have resorted to the real options approach (ROA), which captures the value of managerial flexibility under uncertainty. This article analyzes the research focus, trends, and design found in the literature devoted to the ROA in infrastructure concession project valuation. The results are presented in a quantitative form. They provide insights that may be of value to researchers, project developers, and policymakers who intend to plan and evaluate infrastructure concession projects.<p />  <p>Language: en</p>
LA  - en
SN  - 0361-1981
UR  - http://dx.doi.org/10.1177/03611981231188372
ID  - ref1
ER  -