Capital Budgeting Valuation (eBook, PDF)

Financial Analysis for Today's Investment Projects
Redaktion: Baker, H. Kent; English, Philip

• Format: PDF

Produktbeschreibung

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.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 528
• Erscheinungstermin: 4. Mai 2011
• Englisch
• ISBN-13: 9781118044544
• Artikelnr.: 37485322

Autorenporträt

DAVID L. H. KENT BAKER, PHD, CFA, CMA, is University Professor of Finance and Kogod Research Professor at the Kogod School of Business at American University, Washington, D.C. He has published extensively in leading academic and professional finance journals including the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, and Journal of Portfolio Management . Recognized as one of the most prolific authors in finance during the past fifty years, Professor Baker has consulting and training experience with more than 100 organizations and has been listed in fifteen biographies. PHILIP ENGLISH is an Assistant Professor of Finance and Real Estate at the Kogod School of Business, American University. He currently serves as Director of the Master of Science in Finance and Master of Science in Real Estate programs. Before pursuing a doctorate, English worked as the primary financial officer and director of product development for Campbell Classics, a Virginia-based manufacturing firm. Professor English's research interests focus on the role of the legal environment in emerging markets, corporate governance, and mutual fund regulation. He has published in the Journal of Financial Research, Journal of Corporate Finance, Journal of Law and Economics, and Emerging Markets Review.

Inhaltsangabe

Acknowledgments ix 1 Capital Budgeting: An Overview 1 H. Kent Baker and
Philip English PART I Foundation and Key Concepts 17 2 Corporate Strategy
and Investment Decisions 19 Daniel Ferreira 3 Corporate Governance and
Investment Decisions 37 Fodil Adjaoud, Dorra Charfi, and Lamia Chourou PART
II Capital Investment Choice 57 4 Measuring Investment Value: Free Cash
Flow, Net Present Value, and Economic Value Added 59 Tom Arnold and Terry
Nixon 5 Alternative Methods of Evaluating Capital Investments 79 Tom Arnold
and Terry Nixon 6 Capital Rationing for Capital Budgeting 95 Alexander
Brüggen 7 Analyzing Foreign Investments 111 Wim Westerman and John Henry
Hall 8 Postcompletion Auditing of Capital Investments 131 Jari Huikku 9
Capital Budgeting Techniques in Practice: U.S. Survey Evidence 151 Tarun K.
Mukherjee and Naseem M. Al Rahahleh PART III Project Cash Flows and
Inflation 173 10 Estimating Project Cash Flows 175 Kyle Meyer and Halil
Kiymaz 11 Capital Budgeting and Inflation 197 Ignacio V¿elez-Pareja and
Joseph Tham PART IV Risk and Investment Choice 215 12 Basic Risk Adjustment
Techniques in Capital Budgeting 217 John H. Hall and Wim Westerman 13
Capital Budgeting with Political/Country Risk 241 Yacine Belghitar and
Ephraim Clark 14 Risk Management in Project Finance 259 Stefano Gatti and
Stefano Caselli 15 Risk Simulation Concepts and Methods 279 Tom Arnold and
David North PART V Real Options and Project Analysis 299 16 Real Options
Analysis: An Introduction 301 Tom Arnold and Bonnie Buchanan 17
Applications of Real Options Analysis 321 Tom Arnold and Bonnie Buchanan
PART VI Estimating the Project Cost of Capital 337 18 Cost of Capital: An
Introduction 339 Octavian Ionici, Kenneth Small, and Frank D'Souza 19 Using
the Capital Asset Pricing Model and Arbitrage Pricing Theory in Capital
Budgeting 363 S. David Young and Samir Saadi 20 Financing Mix and Project
Valuation: Alternative Methods and Possible Adjustments 381 Alex Pierru and
Denis Babusiaux PART VII Special Topics 403 21 Capital Budgeting for
Government Entities 405 Davina F. Jacobs 22 Decision Making Using
Behavioral Finance for Capital Budgeting 421 Yuri Biondi and Giuseppe Marzo
23 Merger and Acquisition Pricing: The Valuation of Synergy 445 Rainer Lenz
24 Multicriteria Analysis for Capital Budgeting 463 Fernando R. Fernholz
Answers to Discussion Questions 483 Index 507