{"product_id":"capital-budgeting-valuation-isbn-9780470569504","title":"Capital Budgeting Valuation","description":"\u003cb\u003eAn essential guide to valuation techniques and financial analysis\u003c\/b\u003e \u003cp\u003eWith 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.\u003c\/p\u003e \u003cp\u003eThe 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers a strategic focus on the application of various techniques and approaches related to a firm's overall strategy\u003c\/li\u003e \u003cli\u003eProvides coverage of international topics based on the premise that managers should view business from a global perspective\u003c\/li\u003e \u003cli\u003eEmphasizes the importance of using real options\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eComprised of contributed chapters from both experienced professionals and academics, \u003ci\u003eCapital Budgeting Valuation\u003c\/i\u003e offers a variety of perspectives and a rich interplay of ideas related to this important financial discipline.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003e1 Capital Budgeting: An Overview 1\u003cbr\u003e \u003ci\u003eH. Kent Baker and Philip English\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Foundation and Key Concepts 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2 Corporate Strategy and Investment Decisions 19\u003cbr\u003e \u003ci\u003eDaniel Ferreira\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e3 Corporate Governance and Investment Decisions 37\u003cbr\u003e \u003ci\u003eFodil Adjaoud, Dorra Charfi, and Lamia Chourou\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Capital Investment Choice 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4 Measuring Investment Value: Free Cash Flow, Net Present Value, and Economic Value Added 59\u003cbr\u003e \u003ci\u003eTom Arnold and Terry Nixon\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e5 Alternative Methods of Evaluating Capital Investments 79\u003cbr\u003e \u003ci\u003eTom Arnold and Terry Nixon\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e6 Capital Rationing for Capital Budgeting 95\u003cbr\u003e \u003ci\u003eAlexander Brüggen\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e7 Analyzing Foreign Investments 111\u003cbr\u003e \u003ci\u003eWim Westerman and John Henry Hall\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e8 Postcompletion Auditing of Capital Investments 131\u003cbr\u003e \u003ci\u003eJari Huikku\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e9 Capital Budgeting Techniques in Practice: U.S. Survey Evidence 151\u003cbr\u003e \u003ci\u003eTarun K. Mukherjee and Naseem M. Al Rahahleh\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Project Cash Flows and Inflation 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10 Estimating Project Cash Flows 175\u003cbr\u003e \u003ci\u003eKyle Meyer and Halil Kiymaz\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e11 Capital Budgeting and Inflation 197\u003cbr\u003e \u003ci\u003eIgnacio Vélez-Pareja and Joseph Tham\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Risk and Investment Choice 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12 Basic Risk Adjustment Techniques in Capital Budgeting 217\u003cbr\u003e \u003ci\u003eJohn H. Hall and Wim Westerman\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e13 Capital Budgeting with Political\/Country Risk 241\u003cbr\u003e \u003ci\u003eYacine Belghitar and Ephraim Clark\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e14 Risk Management in Project Finance 259\u003cbr\u003e \u003ci\u003eStefano Gatti and Stefano Caselli\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e15 Risk Simulation Concepts and Methods 279\u003cbr\u003e \u003ci\u003eTom Arnold and David North\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V Real Options and Project Analysis 299\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16 Real Options Analysis: An Introduction 301\u003cbr\u003e \u003ci\u003eTom Arnold and Bonnie Buchanan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e17 Applications of Real Options Analysis 321\u003cbr\u003e \u003ci\u003eTom Arnold and Bonnie Buchanan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI Estimating the Project Cost of Capital 337\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18 Cost of Capital: An Introduction 339\u003cbr\u003e \u003ci\u003eOctavian Ionici, Kenneth Small, and Frank D’Souza\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e19 Using the Capital Asset Pricing Model and Arbitrage Pricing Theory in Capital Budgeting 363\u003cbr\u003e \u003ci\u003eS. David Young and Samir Saadi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e20 Financing Mix and Project Valuation: Alternative Methods and Possible Adjustments 381\u003cbr\u003e \u003ci\u003eAlex Pierru and Denis Babusiaux\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VII Special Topics 403\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21 Capital Budgeting for Government Entities 405\u003cbr\u003e \u003ci\u003eDavina F. Jacobs\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e22 Decision Making Using Behavioral Finance for Capital Budgeting 421\u003cbr\u003e \u003ci\u003eYuri Biondi and Giuseppe Marzo\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e23 Merger and Acquisition Pricing: The Valuation of Synergy 445\u003cbr\u003e \u003ci\u003eRainer Lenz\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e24 Multicriteria Analysis for Capital Budgeting 463\u003cbr\u003e \u003ci\u003eFernando R. Fernholz\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAnswers to Discussion Questions 483\u003c\/p\u003e \u003cp\u003eIndex 507\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eDAVID L. H. KENT BAKER, P\u003csmall\u003eH\u003c\/small\u003eD, CFA, CMA,\u003c\/b\u003e 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 \u003ci\u003eJournal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal\u003c\/i\u003e, and \u003ci\u003eJournal of Portfolio Management\u003c\/i\u003e.  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. \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePHILIP ENGLISH\u003c\/b\u003e 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 \u003ci\u003eJournal of Financial Research, Journal of Corporate Finance, Journal of Law and Economics\u003c\/i\u003e, and \u003ci\u003eEmerging Markets Review\u003c\/i\u003e.    \u003c\/p\u003e\u003cp\u003e Capital budgeting—the process of planning, analyzing, selecting, and managing capital investments—is one of the most challenging tasks in today's business world. With rapid advances in technology, shorter product life cycles, and global competition, managers now face very difficult decisions about whether long-term investments or capital expenditures are truly worth pursuing.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eCapital Budgeting Valuation\u003c\/i\u003e,  part of the Robert W. Kolb Series in Finance, takes a comprehensive look at this complex discipline and shows you what it takes to make better decisions when considering a specific investment project for your organization. Filled with in-depth insights and practical advice, this book contains detailed discussions of essential capital budgeting components, key financial theories as well as empirical support for them, and how firms use these theories to solve problems and create wealth. Along the way, this reliable resource emphasizes how financially sound capital budgeting facilitates the process of value creation.  \u003c\/p\u003e\u003cp\u003eWith contributed chapters from leading academics and practitioners from around the world, this reliable resource provides a synthesis of the current state of capital budgeting and puts a firm's financing decisions in perspective. Divided into seven comprehensive parts, it skillfully:  \u003c\/p\u003e\u003cul\u003e \u003cli\u003eReveals the role that corporate strategy and  governance can have in investment decisions\u003c\/li\u003e \u003cli\u003eExamines various methods of evaluating  capital investments and explores capital  budgeting under capital rationing\u003c\/li\u003e \u003cli\u003eAddresses the estimation of project cash  flows and how to adjust for inflation when  evaluating capital budgeting projects\u003c\/li\u003e \u003cli\u003eOutlines basic risk analysis techniques used  in capital budgeting as well as methods for  assessing political and country risk\u003c\/li\u003e \u003cli\u003eIntroduces the concept of a real option and  describes the most commonly examined real  options and their applications in capital budgeting\u003c\/li\u003e \u003cli\u003eDetails the different aspects of estimating the  appropriate discount rate for use in the capital  budgeting process\u003c\/li\u003e\n\u003c\/ul\u003e  \u003cp\u003e\u003ci\u003eCapital Budgeting Valuation\u003c\/i\u003e offers a wealth of useful information that will guide you through the complex maze of capital investment decisions in the real world. If you're looking to gain a better understanding of this discipline, this is the book you need to read.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCAPITAL BUDGETING VALUATION\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThe Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals. As part of the Robert W. Kolb Series in Finance, \u003ci\u003eCapital Budgeting Valuation\u003c\/i\u003e provides an engaging look at the key themes surrounding this discipline and shows you what it takes to make more informed decisions when considering potentially costly invest- ment projects for your organization. \u003c\/p\u003e\u003cp\u003eDivided into seven comprehensive parts, this timely guide contains detailed coverage that extends from the basic components of capital budgeting and existing theories to their application in an increasingly complex business world. Page by page, the book addresses topics that will put you in a better position to excel at this endeavor, including the various methods of evaluating capital investments, risk management in project finance, estimating the project cost of capital, and the potential benefits of using real options in the capital budgeting process to name a few. \u003c\/p\u003e\u003cp\u003eCapital budgeting surveys that reveal the link between theory and practice are also included, and based on the premise that managers should view business from a global perspective, impor- tant international issues associated with capital budgeting are discussed as well. \u003c\/p\u003e\u003cp\u003eFilled with in-depth insights and expert advice, \u003ci\u003eCapital Budgeting Valuation\u003c\/i\u003e offers a variety of perspectives and a rich interplay of ideas related to this important financial discipline.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988883292389,"sku":"NP9780470569504","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470569504.jpg?v=1761781907","url":"https:\/\/k12savings.com\/products\/capital-budgeting-valuation-isbn-9780470569504","provider":"K12savings","version":"1.0","type":"link"}