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Capital Budgeting Valuation: Financial Analysi...
$222.36
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.
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.
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.
Acknowledgments ix 1 Capital Budgeting: An Overview H. Kent Baker and Philip English PART I Foundation and Key Concepts 2 Corporate Strategy and Investment Decisions Daniel Ferreira 3 Corporate Governance and Investment Decisions Fodil Adjaoud, Dorra Charfi, and Lamia Chourou PART II Capital Investment Choice 4 Measuring Investment Value: Free Cash Flow, Net Present Value, and Economic Value Added Tom Arnold and Terry Nixon 5 Alternative Methods of Evaluating Capital Investments Tom Arnold and Terry Nixon 6 Capital Rationing for Capital Budgeting Alexander Brüggen 7 Analyzing Foreign Investments Wim Westerman and John Henry Hall 8 Postcompletion Auditing of Capital Investments Jari Huikku 9 Capital Budgeting Techniques in Practice: U.S. Survey Evidence Tarun K. Mukherjee and Naseem M. Al Rahahleh PART III Project Cash Flows and Inflation 10 Estimating Project Cash Flows Kyle Meyer and Halil Kiymaz 11 Capital Budgeting and Inflation Ignacio V?elez-Pareja and Joseph Tham PART IV Risk and Investment Choice 12 Basic Risk Adjustment Techniques in Capital Budgeting John H. Hall and Wim Westerman 13 Capital Budgeting with Political/Country Risk Yacine Belghitar and Ephraim Clark 14 Risk Management in Project Finance Stefano Gatti and Stefano Caselli 15 Risk Simulation Concepts and Methods Tom Arnold and David North PART V Real Options and Project Analysis 16 Real Options Analysis: An Introduction Tom Arnold and Bonnie Buchanan 17 Applications of Real Options Analysis Tom Arnold and Bonnie Buchanan PART VI Estimating the Project Cost of Capital 18 Cost of Capital: An Introduction Octavian Ionici, Kenneth Small, and Frank D’Souza 19 Using the Capital Asset Pricing Model and Arbitrage Pricing Theory in Capital Budgeting S. David Young and Samir Saadi 20 Financing Mix and Project Valuation: Alternative Methods and Possible Adjustments Alex Pierru and Denis Babusiaux PART VII Special Topics 21 Capital Budgeting for Government Entities Davina F. Jacobs 22 Decision Making Using Behavioral Finance for Capital Budgeting Yuri Biondi and Giuseppe Marzo 23 Merger and Acquisition Pricing: The Valuation of Synergy Rainer Lenz 24 Multicriteria Analysis for Capital Budgeting Fernando R. Fernholz Answers to Discussion Questions Index
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