A Comprehensive Look at Corporate Investment and Asset Valuation from Two of Today's Most Popular and Influential Finance Writers

A number of questions come into play when a corporation attempts to add value through its capital investment decisions. How do you precisely value an asset, either incoming or outgoing? Which strategy will provide the greatest value increase, and how can you implement that strategy? What are the risks?

Capital Investment and Valuation addresses the many ways in which corporations value assets and make investment decisions. Filled with information and ideas that are both thought provoking and functional, it provides an indispensable look into the theory and mechanics of valuation and investing, including:

• The six ideas that must be understood for effective capital investment and valuation
• Cost/benefit analyses of mergers, buyouts, spinoffs, and other corporate control issues
• Strategies for creating shareholder value through integrated investment and operating programs

Through six editions, Brealey and Myers' classic textbook Principles of Corporate Finance has become renowned for presenting in-depth discussions of financial theory and practice in an engaging and lively style. The Brealey & Myers on Corporate Finance series brings this classic text into the business environment, providing time-pressed professionals with a more focused format while retaining the timeless guidance and inherent readability of the original.

"The market for most corporate assets is pretty thin. Look in the classified advertisements in The Wall Street Journal: It is not often that you see a blast furnace for sale."--From Chapter Two

Capital Investment and Valuation belies the notion that corporate finance texts must be dull. This handbook for practicing professionals combines in-depth finance information and methodology with dynamic and often humorous writing as it focuses on the many issues professionals face when making investment and valuation decisions. Its step-by-step treatment encompasses:

• Value--Ways to value common stocks, calculate present values, and make investment decisions based on NPV (Net Present Value)
• Risk--Definitions of risk, how risk and return are linked in a competitive economy, and capital budgeting and risk
• Issues in Capital Budgeting--Popular project analysis techniques, plus techniques for understanding and maximizing NPV
• Financing and project value--Overview of corporate financing, issues important to project valuation, and ways to estimate the value contributed by financing decisions
• Options--How security options work and interact with asset price, how they are valued, and the impact of various "real" options
• Control and governance--Reasons for (and mechanics behind) mergers, buyouts, partnerships, and conglomerates

Capital Investment and Valuation also differs from the majority of finance tomes by consistently reflecting on the human side of the equation. Should you commit capital today to begin construction of a new office building? When is it advisable for you to recommend continuing operations at a low-profit or even unprofitable location? Will your firm's debtors or its shareholders generally come out ahead in an unfriendly merger--and whose interests are you more accountable for?

Corporate financial management is at its core a fluid and constantly challenging area. Capital Investment and Valuation takes you inside the fundamental question of how a corporation invests its capital and values its assets. It introduces you to the subject's often-conflicting objectives and outlines ways in which you can satisfy the greatest number of those objectives, while ensuring that all areas of a corporation operate--and conflicts are resolved--under one consistent set of financial rules.

Richard A. Brealey, Ph.D. and Stewart C. Myers, Ph.D. are coauthors of the perpetually best-selling textbook Principles of Corporate Finance and two of the most respected and accomplished names in education and corporate finance. Dr. Brealey has taught at the London Business School for more than thirty years and is former president of the European Finance Association. Dr. Myers is the Gordon Y. Billard Professor of Finance at MIT's Sloan School of Management and is past president of the American Finance Association.

资本投资与估值 [平装]

• 出版社: 中国人民大学出版社; 第1版 (2010年1月1日)
• 外文书名: Capital Investment and Valuation
• 丛书名: 金融学译丛
• 平装: 625页
• 正文语种: 简体中文
  
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  Principles of Corporate Finance + S&P Market Insight [Hardcover]

  Richard Brealey (Author), Stewart Myers (Author), Franklin Allen (Author)
  
• Hardcover: 960 pages
• Publisher: McGraw-Hill/Irwin; 10 edition (February 5, 2010)
• Language: English
  
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  公司财务原理 [平装]

  ~ 理查德 A.布雷利(Richard A.Brealey) (作者), 斯图尔特 C.迈尔斯(Stewart C.Myers) (作者), 弗兰克林.艾伦(Franklin Allen) (作者), 方曙红 (译者), 赵银德 (译者)
  
   
• 出版社: 机械工业出版社; 第1版 (2010年9月1日)
• 外文书名: Principles of Corporate Finance
• 丛书名: 高等学校经济管理英文版教材·经济系列
• 平装: 976页
• 
  
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  Fundamentals of Corporate Finance + Standard & Poor's Educational Version of Market Insight [Hardcover]

  Richard Brealey (Author), Stewart Myers (Author), Alan Marcus (Author)
  
  
• Hardcover: 700 pages
• Publisher: McGraw-Hill/Irwin; 6 edition (September 18, 2008)
• Language: English
• 
  
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  财务管理基础(英文版)(第6版) [平装]

  ~ 胡玉明 (改编), 理查德·A·布雷利(Richard A.Brealey) (作者), 斯图尔特·C·迈尔斯(Stewart C.Myers) (作者), 艾伦·J·马库斯(Alan J.Marcus) (作者) 
  
  
• 出版社: 中国人民大学出版社; 第1版 (2011年10月1日)
• 外文书名: Fundamentals of Corporate Finance(Sixth Edition)
• 丛书名: 教育部高校工商管理类教学指导委员会双语教学推荐教材,工商管理经典教材·会计与财务系列
• 平装: 535页
• 正文语种: 英语
  
  
  
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