It is frequently argued that U.S. corporations have shorter time horizons for planning and investment than their Japanese and German competitors. This argument,

"This book is required reading for anyone involved in the practical issues of cost of capital decisions. It is written in a way that engages the novice, and yet

This book examines cost-of-capital models and their application in the context of managerial finance. This includes the use of hurdle rates in capital allocatio

This book introduces corporate financial management, based on the basic capital budgeting framework and the time value of money. It focuses on theoretical formu