Capital Budgeting: Theory and Practice

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John Wiley & Sons, Jan 21, 2004 - Business & Economics - 243 pages
Capital investment decisions are a constant challenge to all levels of financial managers. Capital Budgeting: Theory and Practice shows you how to confront them using state-of-the-art techniques.

Broken down into four comprehensive sections, Capital Budgeting: Theory and Practice explores and illustrates all aspects of the capital budgeting decision process. Pamela Peterson and Frank Fabozzi examine the critical issues and limitations of capital budgeting techniques with an in-depth analysis of:

  • Classifying capital budgeting proposals
  • Determining the relevant cash flows for capital budgeting proposals
  • Assessing the economic value of a capital budgeting proposal using different techniques
  • Incorporating risk into the capital budgeting decision
  • Evaluating whether to lease or borrow-to-buy

Capital Budgeting: Theory and Practice provides the knowledge, insight, and advice that will allow you to handle one of the most important aspects of your firm's financial management. Advanced enough for practitioners yet accessible enough for the novice, Capital Budgeting: Theory and Practice is your complete guide to understanding and benefiting from the essential techniques of capital budgeting.

 

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106 the advantages and disadvantages of IRR NPV

Contents

Theory and Practice Section II Capital Budgeting Evaluation Techniques
57
Theory and Practice Section III Capital Budgeting and Risk
127
Theory and Practice Section IV Analyzing the Lease versus BorrowtoBuy Problem
167
Theory and Practice Appendix The Fundamentals of Equipment Leasing
209
Theory and Practice Index
235
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About the author (2004)

PAMELA P. PETERSON, PhD, CFA, is Professor of Finance at Florida State University where she teaches undergraduate courses in corporate finance and doctoral courses in empirical research methods. Professor Peterson has published articles in journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Banking and Finance, Financial Management, and the Financial Analysts Journal. She is the coauthor with David R. Peterson of Company Performance and Measures of Value Added and coauthor with Frank J. Fabozzi of Analysis of Financial Statements.
FRANK J. FABOZZI, PhD, CPA, CFA, is Editor of the Journal of Portfolio Management and an Adjunct Professor of Finance at Yale University's School of Management. Dr. Fabozzi is on the board of directors of the Guardian Life family of funds and the BlackRock complex of funds. He earned a doctorate in economics from the City University of New York in 1972 and, in 1994, received an honorary doctorate of humane letters from Nova Southeastern University. Dr. Fabozzi is a Fellow of the International Center for Finance at Yale University.

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