An essential guide to valuation techniques and financial analysis With the collapse of the economy and financial systems, many institutions are reevaluating what they are willing to spend money on. Project valuation is key to both cost effectiveness measures and shareholder value.
The purpose of this book is to provide a comprehensive examination of critical capital budgeting topics. Coverage extends from discussing basic concepts, principles, and techniques to their application to increasingly complex, real-world situations. Throughout, the book emphasizes how financially sound capital budgeting facilitates the process of value creation and discusses why various theories make sense and how firms can use them to solve problems and create wealth.
- Offers a strategic focus on the application of various techniques and approaches related to a firm's overall strategy
- Provides coverage of international topics based on the premise that managers should view business from a global perspective
- Emphasizes the importance of using real options
Comprised of contributed chapters from both experienced professionals and academics, Capital Budgeting Valuation offers a variety of perspectives and a rich interplay of ideas related to this important financial discipline.
CAPITAL BUDGETING VALUATION
The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals. As part of the Robert W. Kolb Series in Finance, Capital Budgeting Valuation provides an engaging look at the key themes surrounding this discipline and shows you what it takes to make more informed decisions when considering potentially costly invest- ment projects for your organization.
Divided into seven comprehensive parts, this timely guide contains detailed coverage that extends from the basic components of capital budgeting and existing theories to their application in an increasingly complex business world. Page by page, the book addresses topics that will put you in a better position to excel at this endeavor, including the various methods of evaluating capital investments, risk management in project finance, estimating the project cost of capital, and the potential benefits of using real options in the capital budgeting process to name a few.
Capital budgeting surveys that reveal the link between theory and practice are also included, and based on the premise that managers should view business from a global perspective, impor- tant international issues associated with capital budgeting are discussed as well.
Filled with in-depth insights and expert advice, Capital Budgeting Valuation offers a variety of perspectives and a rich interplay of ideas related to this important financial discipline.
