This issue of Brazilian Business Review presents papers that cover a wide range of topis which are extremely important for the Brazilian academic community. First, Rafael Lucian et al discuss the strategic decision making process in a structured approach. Alexandre Caporal and Luiz Eduardo Teixeira Brandão apply real options theory to the valuation of energy facilities. Antonio Lopo Martinez as usual does an excellent work of investigating the revision on analyst´s forecasts and its impact on stock prices. Cristiano Costa, Lourenço Paz and Bruno Funchal discuss credit rationing in the Brazilian market. Eric Serrano et al. discuss the application of the Ohlson model and its variations in Brazil and compare it with the free cash flow model.