Payback
Time you need to get your money back. Of course a discounted value.
short-sighted indicator. However sometimes used in practice, because we can't forecast with certainty the future.
Capital rationing
Sometimes, we have to choose between some projects but the better is not then the one with the higher NPV
We use the profitability index: NPV/investment
example: have 3 projects, and use the payback
Sentivity analysis >>
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Corporate finance
The subject: corporate finance
PART ONE: CAPITAL EXPENDITURE
The present value
Investment
decisions
Practical
problems in capital budgeting
Firms evaluation
PART TWO. BASICS OF FINANCE
The financial
markets
Options
The market
efficiency
Risk
Mergers,
Acquisitions, and Corporate Control
International
Financial Management
PART THREE FINANCING DECISIONS
Corporate
financing
Dividend policy
and capital structure
PART FOUR FINANCIAL MANAGEMENT
Financial
planning
Short-term
financial management
Courses created and updated by Dr David Chelly, PhD in Management sciences from the University of Tours.
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