Advanced capital budgeting : refinements in the economic analysis of investment projects /

Main Author: Bierman, Harold
Other Authors: Smidt, Seymour.
Format: Book
Language:English
Published: New York, N.Y. : Routledge, 2007.
Subjects:
Table of Contents:
  • The state of the art of capital budgeting
  • Amounts discounted and discount rates
  • Capital budgeting with uncertainty
  • Elements of time and uncertainty
  • The state preference approach
  • Resolution of uncertainty
  • Diversification and risk reduction
  • Projects with components having different risks
  • Practical solutions to capital budgeting with uncertainty
  • Real options and capital budgeting
  • Growth constraints
  • The valuation of a firm
  • Using economic income (residual income) for valuation
  • Present-value accounting
  • Performance measurement and managerial compensation
  • Fluctuating rates of output
  • Investment decisions with additional information
  • Investment timing
  • Buy versus lease.