Advanced capital budgeting : refinements in the economic analysis of investment projects /
Harold Bierman, Jr. and Seymour Smidt
- New York : Routledge, 2006
- xviii, 367 p. : ill. ; 24 cm.
Includes bibliographical references and index
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