The Capital Budgeting Decision

Gives an introduction to capital budgeting, a complex but essential topic in corporate finance. This book covers various topics, including distribution policy and capital budgeting, a firm investing in a second firm and investing in current assets. It helps readers to make intelligent capital budgeting decisions for corporations of every type.
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.