Capital Investment and Valuation (Brealey & Myers on Corporate Finance) (Hardcover)

Product Description
This work offers 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; and 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