جزییات کتاب
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.Content: Chapter 1 Capital Budgeting: An Overview (pages 1–16): H. Kent Baker and Philip EnglishChapter 2 Corporate Strategy and Investment Decisions (pages 17–35): Daniel FerreiraChapter 3 Corporate Governance and Investment Decisions (pages 37–55): Fodil Adjaoud, Dorra Charfi and Lamia ChourouChapter 4 Measuring Investment Value: Free Cash Flow, Net Present Value, and Economic Value Added (pages 57–77): Tom Arnold and Terry NixonChapter 5 Alternative Methods of Evaluating Capital Investments (pages 79–94): Tom Arnold and Terry NixonChapter 6 Capital Rationing for Capital Budgeting (pages 95–109): Alexander BruggenChapter 7 Analyzing Foreign Investments (pages 111–130): Wim Westerman and John Henry HallChapter 8 Postcompletion Auditing of Capital Investments (pages 131–149): Jari HuikkuChapter 9 Capital Budgeting Techniques in Practice: U.S. Survey Evidence (pages 151–171): Tarun K. Mukherjee and Naseem M. Al RahahlehChapter 10 Estimating Project Cash Flows (pages 173–195): Kyle Meyer and Halil KiymazChapter 11 Capital Budgeting and Inflation (pages 197–214): Ignacio Velez Pareja and Joseph ThamChapter 12 Basic Risk Adjustment Techniques in Capital Budgeting (pages 215–239): John H. Hall and Wim WestermanChapter 13 Capital Budgeting with Political/Country Risk (pages 241–257): Yacine Belghitar and Ephraim ClarkChapter 14 Risk Management in Project Finance (pages 259–278): Stefano Gatti and Stefano CaselliChapter 15 Risk Simulation Concepts and Methods (pages 279–298): Tom Arnold and David NorthChapter 16 Real Options Analysis: An Introduction (pages 299–320): Tom Arnold and Bonnie BuchananChapter 17 Applications of Real Options Analysis (pages 321–336): Tom Arnold and Bonnie BuchananChapter 18 Cost of Capital: An Introduction (pages 337–362): Octavian Ionici, Kenneth Small and Frank D. SouzaChapter 19 Using the Capital Asset Pricing Model and Arbitrage Pricing Theory in Capital Budgeting (pages 363–380): S. David Young and Samir SaadiChapter 20 Financing Mix and Project Valuation: Alternative Methods and Possible Adjustments (pages 381–402): Axel Pierru and Denis BabusiauxChapter 21 Capital Budgeting for Government Entities (pages 403–420): Davina F. JacobsChapter 22 Decision Making Using Behavioral Finance for Capital Budgeting (pages 421–444): Yuri Biondi and Giuseppe MarzoChapter 23 Merger and Acquisition Pricing: The Valuation (pages 445–462): Rainer LenzChapter 24 Multicriteria Analysis for Capital Budgeting (pages 463–481): Fernando R. Fernholz