The Capital Budgeting Decision: Economic Analysis of Investment Projects, 1st Edition (Paperback) book cover

The Capital Budgeting Decision

Economic Analysis of Investment Projects, 1st Edition

By Harold Bierman, Jr., Seymour Smidt


404 pages | 44 B/W Illus.

Purchasing Options:$ = USD
Paperback: 9780415400046
pub: 2006-12-14
Hardback: 9780415400039
pub: 2006-12-14
eBook (VitalSource) : 9780203715512
pub: 2012-11-12
from $38.48

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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 options
  • new 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.

Table of Contents

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

About the Authors

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.

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Accounting / General