Advanced Capital Budgeting: Refinements in the Economic Analysis of Investment Projects

by Harold Bierman Jr.

Written by authors of established texts in this area, this book is a companion volume to the classic The Capital Budgeting Decision . Exploring this key topic in corporate finance the authors examine the complexities of capital budgeting as well as the opportunities to improve the decision process where risk and time are important elements. Containing ‘Global Aspects’ sections that cover cross-border decision-making, this book also emphasizes the application of capital budgeting techniques to a variety of issues, including the hugely significant ‘buy versus lease’ decision that cost corporations billions each year. It gives in-depth coverage Designed to assist those making business decisions at all levels, this volume is essential reading for all those working in or studying capital budgeting.

390 pages, Paperback

First published January 1, 2006

About the author

Harold Bierman Jr. Distinguished Professor of Management, Professor of Finance at Samuel Curtis Johnson Graduate School of Management, Cornell University.

rofessor Bierman's interests are in investment and corporate financial-policy decisions. He has consulted for many public organizations and industrial firms and is the author of more than 150 books and articles in the fields of accounting, finance, investment, taxation, and quantitative analysis. In 1985 he was named the winner of the prestigious Dow Jones Award of the American Assembly of Collegiate Schools of Business for his outstanding contributions to collegiate management education.