Research Seminars

The Chronoprogram and Socio-Economic Complements – Capital budgeting in motorway construction.

Speaker: Jan Birkelund Mouritsen
Copenhagen Business School

24 May 2012 - Room H022 - From 2:00pm to 4:00pm

This study analyses how a mediating instrument called the Chronoprogram is involved in mediating ‘matters of concern’ in a motorway construction project. Through this lens capital budgeting investments are not only bundles of technically complementary assets where one investment increases the value of another. They also are bundles of socio- economic complements consisting of ‘non-causal investments’ that are outside the motorway object but necessary for the motorway project since they pay attention to the multiplicity of entities that seek to capitalise from the motorway. The study shows that capital budgeting for megaprojects, such as the Italian Apennine motorway “Variante di Valico”, involves managing socio-economic concerns and that the Chronoprogram helps actors to find the politics that makes the motorway a project.

Keywords: capital budgeting, socio-economic complementarity, actor network theory, Chronoprogram, construction industry.

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