Tito Cardoso proposes a self-financing strategy to provide continuity of investments in scenarios of restricted access to capital. The strategy divides project scope into individual units capable of autonomous production, implemented sequentially in phases. Each phase “pays” for the implementation of successor phases. We demonstrate that the proposed strategy can be effective in enabling projects under conditions of constrained access to capital and can reduce substantially the capital required.
Read the full paper in the Winter 2018 BRG Review.
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