Book description
An essential guide to valuation techniques and financial analysis
With 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.
The 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.
- Offers a strategic focus on the application of various
techniques and approaches related to a firm's overall strategy
- Provides coverage of international topics based on the premise
that managers should view business from a global perspective
- Emphasizes the importance of using real options
Comprised of contributed chapters from both experienced professionals
and academics, Capital Budgeting Valuation offers a variety of
perspectives and a rich interplay of ideas related to this important
financial discipline.
H. Kent Baker, PhD, CFA, CMA, 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 Journal of Finance, Journal of Financial and
Quantitative Analysis, Financial Management, Financial Analysts
Journal, and Journal of Portfolio Management. 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.
Philip English 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 Journal of Financial Research, Journal of
Corporate Finance, Journal of Law and Economics, and Emerging
Markets Review.
