Bierman, Jr., Harold, Seymour Smidt

The Capital Budgeting Decision

Economic Analysis of Investment Projects

• Gebundenes Buch

Produktbeschreibung

Fully updated and revised by international authorities on the topic, this new version of a classic and established text returns to its roots as a clear and concise introduction to this complex but essential topic in corporate finance.

Retaining the authority and reputation of previous editions, it now covers several topics in-depth which are frequently under explored, including distribution policy and capital budgeting.

Features new to this edition include:

a new chapter on real optionsnew material on uncertainty in decision-making.

Easily understandable, and covering the essentials of capital budgeting, this book helps readers to make intelligent capital budgeting decisions for corporations of every type.

Produktdetails

• Verlag: Taylor & Francis; Routledge
• 9. Auflage
• Seitenzahl: 424
• Erscheinungstermin: 14. Dezember 2006
• Englisch
• Abmessung: 240mm x 161mm x 27mm
• Gewicht: 771g
• ISBN-13: 9780415400039
• ISBN-10: 0415400031
• Artikelnr.: 22520972

Autorenporträt

Harold Bierman, Jr. is the Nicholas H. Noyes Professor of Business Administration at the Johnson Graduate School of Management, Cornell University. Seymour Smidt is Professor Emeritus at the Johnson Graduate School of Management, Cornell University.

Inhaltsangabe

1. Investment Decisions and Corporate Objectives 2. The Time Value of Money
3. Capital Budgeting: The Traditional Solutions 4. Mutually Exclusive
Investments 5. Annual Equivalent Costs and Replacement Decisions 6. Capital
Budgeting Under Capital Rationing 7. The Use of the Weighted Average Cost
of Capital and Other Rates of Discount 8. The Capital Assett Pricing Model
9. The Cost of Capital and Capital Structure 10. Distribution Policy and
Capital Budgeting 11. A Firm Investing in a Second Firm 12. Investing in
Current Assets 13. Foreign Investments 14. The Buy versus Lease Decision
15. An Introduction to Real Options 16. Capital Budgeting and Inflation 17.
Reflections on the Capital Budgeting Decision 18. Cases

Rezensionen

This is the best book on capital budgeting ever written., November 15, 1998
Reviewer: A reader
Bierman and Smidt's work is generally considered to be a classic in its field. Anyone seriously interested in a cogent, well structured, and logically developed textbook on the economic analysis of investment projects MUST study Bierman and Smidt. This book is not "just another finance text" because capital budgeting straddles two disciplines: finance and operations. This book does justice to both fields remarkably well.

From Amazon, review of the previous edition published by Prentice Hall