Capital Budgeting and Investment Analysis
Author | : Alan C. Shapiro |
Publisher | : Prentice Hall |
Total Pages | : 268 |
Release | : 2005 |
ISBN-10 | : IND:30000124798509 |
ISBN-13 | : |
Rating | : 4/5 (09 Downloads) |
Book excerpt: The most complete book on this subject available on the market, Capital Budgeting blends theory with practice by providing numerous real-world examples of its applications. It includes a discussion of capital budgeting's link to the corporate strategy for creating value as well as addresses the international aspects of capital budgeting. After a comprehensive introduction to the subject, this book covers capital budgeting principles and techniques; estimating project cash flows; biases in cash flow estimates; foreign investment analysis; real options and project analysis; risk and incorporating risk in a capital budgeting analysis; estimating project cost; financing side effects; discount rates for foreign investments; and corporate strategy and the capital budgeting decision. An excellent handbook for chief financial officers, vice-presidents of finance; treasurers; and comptrollers.