Book Description
With its exciting introduction of the Harley-Davidson focus company theme, this book continues to provide a solid, enduring foundation of the tools of modern theory while at the same time developing the logic behind their use. The “10 Principles of Finance” (formerly “Axioms” ) provide the framework, or “the big picture” of finance, which ties the major concepts of the book together.
A six-part organization covers the scope and environment of financial management, valuation of financial assets, investment in long-term assets, capital structure and dividend policy, working-capital management, and special topics in finance, and special topics in finance.
For an enduring understanding of the basic tools and fundamental principles upon which finance is based.
Customer Reviews:
Great textbook.......2006-10-04
I'm usually very critical of textbooks, but this one reads extremely well. It is clearly organized and progresses in a logical manner. The subject material is inherently difficult, but the authors do an excellent job explaining both the common-sense and mathematical basis for each topic. I have no formal background in finance or accounting but I'm doing well in a 300-level course with just this book to thank. Anyone who wants to educate themselves about stock/bond values, interpreting balance sheets, etc, would benefit greatly from this book.
Great Book for a hard course.......2006-03-27
The class is hard no matter what school you attend. The book is easy reading and has many great exercise for you to practice to help you understand the text. The exercises had help me tremendously.
Financial Management : Principles and Applications (10th Edition) .......2005-10-10
The Book was not plastic covered and plus there was no cd included in the book
EXCELENT BOOK.......2005-09-11
This is a very good and updated book. It brings excelent cases and is well designed and easy to read.
Average customer rating:
- Excelent book
- I thought I did a review for this book immediately when I received it! It was really good! It's like the best textbook!
- Strongly recommended to practitioner
- Good Cookbook
- Excellent book
|
Financial Modeling - 2nd Edition: Includes CD
Simon Benninga
Manufacturer: The MIT Press
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Similar Items:
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Principles of Finance with Excel: Includes CD
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Advanced modelling in finance using Excel and VBA
-
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition
-
Building Financial Models with Microsoft Excel: A Guide for Business Professionals
-
Valuation: Measuring and Managing the Value of Companies, Fourth Edition
ASIN: 0262024829 |
Book Description
Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. Financial Modeling bridges this gap between theory and practice by providing a nuts-and-bolts guide to solving common financial models with spreadsheets. Simon Benninga takes the reader step by step through each model, showing how it can be solved using Microsoft Excel®. In this sense, this is a finance "cookbook," providing recipes with lists of ingredients and instructions.
Areas covered include computation of corporate finance problems, standard portfolio problems, option pricing and applications, and duration and immunization. The second edition contains six new chapters covering financial calculations, cost of capital, value at risk (VaR), real options, early exercise boundaries, and term structure modeling. A new technical chapter contains a potpourri of tips for using Excel®.
Although the reader should know enough about Excel⢠to set up a simple spreadsheet, the author explains advanced Excel® techniques used in the book. The book includes chapters dealing with random number generation, data tables, matrix manipulation, and VBA programming. It also comes with a CD-ROM containing Excel® worksheets and solutions to end-of-chapter exercises.
Customer Reviews:
Excelent book.......2007-09-24
Is an excelent book to learn and undertand how to creat financial models in excel.
I strongly recomend it.
Romer iragorri
I thought I did a review for this book immediately when I received it! It was really good! It's like the best textbook!.......2007-09-16
Beninnga states things very clearly.
And the sophistication is great.
No matter what level you are in, it's good for you.
And these knowledge are really useful in real world!
I mean,I'm really gonna keep this book for myself after I finish the degree.
Strongly recommended to practitioner.......2007-09-03
The book has great practical value. It also applies to those who wish to implement financial models in other computing environment than Excel.
Good Cookbook.......2007-08-23
Very good on giving an introduction on many modeling techniques.
Exceptionally recommended for the new babe.
Excellent book.......2007-07-19
All students of finance must have one, It's great, If I'd have had it when I was student oh, I'd save a lot of time, now I'm teacher of finance and I recomend all my students to buy it.
Book Description
Praise for Financial Valuation
"This Second Edition addresses virtually all of the recent hot topics in business valuation, and there are many of them since the first edition. Most chapters are updated with new material, including, especially, the Duff & Phelps Risk Premium Report as an alternative to Ibbotson's risk premium data. As with the first edition, the authors are very well-known and provide incisive analysis."
--Shannon Pratt, CFA, FASA, MCBA, CM&AA, CEO, Shannon Pratt Valuations, LLC
"Though the first edition of Mr. Hitchner's book was excellent in all regards, this Second Edition squarely puts Hitchner and his team of authors at the top of the list of authorities in the field of business valuation. Few publications on the subject even come close to the book's thorough coverage of the topic, but equally impressive is the clarity with which Hitchner depicts and explains highly complex subject matters. So impressed with Financial Valuation Applications and Models, the National Association of Certified Valuation Analysts has developed a three-day course based upon this book entitled, 'Advanced Valuation and Case Study Workshop,' which is now a cornerstone training program for our organization."
--Parnell Black, MBA, CPA, CVA, Chief Executive Officer, NACVA
"This book is a valuable resource for every BV library. It has material not covered in other BV books and this Second Edition has much more information than the first. Financial Valuation Applications and Models is the primary textbook for AICPA's business valuation education and it covers most of the topics on the test for the AICPA's Accredited in Business Valuation (ABV) credential. Its thirty authors are nationally respected practitioners who have written this book for practitioners. Many of the authors are current or former members of the AICPA Business Valuation Committee and the AICPA BV Hall of Fame."
--Michael A. Crain, CPA/ABV, ASA, CFA, CFE, Chair, AICPA Business Valuation Committee, Managing Director, The Financial Valuation Group
"This book has a tremendous wealth of information that all valuation analysts must have in their libraries. From those just starting their careers to the most experienced practitioner, all valuation analysts will benefit from the invaluable information, ranging from fundamental practices to the most innovative economic and valuation ideas of today."
--Scott R. Saltzman, CPA, CVA, ASA, DABFA, Managing Member, Saltzman LLC; President, National Association of Certified Valuation Analysts
Coauthors: Mel H. Abraham, R. James Alerding, Terry Jacoby Allen, Larry R. Cook, Michael A. Crain, Don M. Drysdale, Robert E. Duffy, Edward J. Dupke, Nancy J. Fannon, John R. Gilbert, Chris Hamilton, Thomas E. Hilton, James R. Hitchner, Steven D. Hyden, Gregory S. Koonsman, Mark G. Kucik, Eva M. Lang, Derald L. Lyons, Michael J. Mard, Harold G. Martin Jr., Michael Mattson, Edward F. Moran Jr., Raymond E. Moran, James S. Rigby Jr., Ronald L. Seigneur, Robin E. Taylor, Linda B. Trugman, Samuel Y. Wessinger, Don Wisehart, and Kevin R. Yeanoplos
Customer Reviews:
Review of "Financial Valuation: Applications and Models".......2003-05-21
Jim Hitchner, a name well-known to ABVs and other valuation practitioners, conceived the novel idea of bringing together twenty-five highly visible and well-respected valuation professionals to present the group's collective views and positions on business valuation concepts and applications. Each of the authors is a coauthor of the entire book. The authors, many of whom are ABVs and instructors for the AICPA's national business valuation educational program, include Mel Abraham, Jim Alerding, Terry Allen, Larry Cook, Mike Crain, Bob Duffy, Ed Dupke, Nancy Fannon, John Gilbert, Tom Hilton, Jim Hitchner, Steve Hyden, Greg Koonsman, Eva Lang, Mike Mard, Harold Martin, Mike Mattson, Ray Moran, Charles Phillips, Jim Rigby, Ron Seigneur, Robin Taylor, Linda Trugman, Don Wisehart, and Mark Zyla.
The result of this collective effort is "Financial Valuation" - a text that presents a compilation of "best practices" for the business appraiser.
"Financial Valuation" covers the obligatory fundamentals found in most other introductory texts. What sets this text apart from others is its focus on applications and methods. The text contains numerous practical examples and discusses alternative approaches for tackling those complex issues that are often encountered in the real world of valuation practice. This focus makes "Financial Valuation" an indispensable tool for even the most experienced appraisers. Some of the text's highlights include:
Chapter 4, Income Approach to Value, discusses the alternative income valuation methodologies and includes a detailed example of the excess cash flow (earnings) method.
Chapter 5, Cost of Capital/Rates of Return, includes a comprehensive presentation on the application of Ibbotson data for determining risk premiums in discount and capitalization
rates.
Chapter 6, Market Approach to Value, discusses alternative market valuation methodologies and presents a quantitative method for using and adjusting guideline public company multiples for size and growth differences.
Chapter 9, Report Writing, presents a detailed valuation report with numerous comments on why certain items were included or excluded.
Chapter 12, Family Limited Partnerships, presents a detailed case study on the valuation of a Family Limited Partnership including the selection of discounts for lack of control and
lack of marketability.
Chapter 13, Court Case Issues and Review, includes synopses of over 40 tax court cases organized by major valuation areas of dispute.
Chapter 16, Valuation in the Divorce Setting, discusses the complexities of valuing ownership interests in closely held businesses for divorce purposes, including a discussion of relevant state case law, standard of value, applicability of discounts and premiums, etc.
Chapter 18, Valuation Issues in Professional Practices, provides an overview of the issues involved in valuing professional practices such as medical, law, and accounting practices.
Chapter 19, Valuation of Healthcare Entities, includes two detailed case studies: a surgery center and a hospital.
Chapter 20, Valuation of Intangible Assets, includes a detailed case study on an allocation of purchase price for a business combination under new SFAS 141.
Chapter 21, Marketing, Managing, and Making Money in a Valuation Services Group, presents practical guidance on how to operate a valuation practice.
Chapter 24, Valuation Views and Controversial Issues, presents a discussion of subjective and difficult areas of valuation in the form of a case study/report format.
The text also includes hundreds of "ValTips" which alert the reader to important and often controversial topics. The accompanying "Financial Valuation Workbook" provides a detailed case study, models, and exercises that can substantially reduce a beginner's learning curve and assist the experienced practitioner in better organizing the valuation process. The Workbook follows the valuation engagement format and is organized by standard, easily identifiable sections that allow for easy reference.
SUMMARY
"Financial Valuation" gets two enthusiastic thumbs up!
Book Description
Advanced praise for Transfer Pricing Methods
"Feinschreiber and a team of renowned executives have provided the definitive transfer-pricing guide to this challenging area. At a time when many companies are reviewing documents, policies, and procedures, it's wonderful to have a concise, clearly written reference focused on what may be the most critical corporate tax issue."
-Charles R. Goulding, Managing Director, Tax
Cooper Industries, Inc.
"It is refreshing to find a treatise on transfer pricing that combines practical business considerations, economic theory, and a discussion of technical tax rules in a way that is meaningful not only for large corporate enterprises but also small and medium-sized businesses."
-Vikram A. Gosain, JD, CPA, Director of Transfer Pricing
General Electric Capital Corporation
"This well-written book will be useful both to attorneys new to the practice area and to older hands. It includes very helpful discussions on valuation issues that will be particularly useful for in-house counsel and accountants."
-Joseph C. Mandarino, Partner
Troutman Sanders, LLP
"Feinschreiber and his contributors have cogently explained hundreds of useful facets in the transfer pricing field that have taken others volumes to articulate. The busy professional should consider this book in his or her quest for knowledge in the scintillating tax specialty."
-Charles L. Crowley, Partner
ITS/Customs and International Trade Practice, Ernst & Young, LLP
"Transfer Pricing Methods . . . should become a standard tool for every owner-managed and mid-cap multinational."
-Enrique MacGregor, Principal-in-Charge, Transfer Pricing Services
Grant Thornton LLP
"Bob's vast experience in transfer pricing matters has again been captured between the covers of a book. Thank you, Bob, and your contributing colleagues, for producing another valuable helpmate."
-Alan Getz, Vice President and General Manager, Tax
Mitsui & Co., Inc. (U.S.A.)
"Feinschreiber's current publication is a practical handbook that presents transfer pricing tools that can assist tax professionals of mid-sized companies to optimize profits, manage cash flows, and moderate taxes in a defensible manner."
-Per H. Hasenwinkle, National Practice Leader, Transfer Pricing
BDO Seidman, LLP
Download Description
There has never been an easy-to-use and convenient book that addresses salient and fundamental transfer pricing issues . . . until now. Designed to specifically assist mid-sized businesses facing transfer pricing issues now and in the future, Transfer Pricing Methods is a comprehensive guide that provides in-depth coverage of various transfer pricing methods and applications that are available to today's mid-sized corporations. An invaluable reference for all tax managers, CEOs, and CFOs, Transfer Pricing Methods provides a practical focus on the techniques available and their consequences. Featuring contributions from industry experts, complete coverage includes: Comparable profits methods Cost sharing Transactional net-margin method Adjustments of interest rates Resale price techniques Benefiting from the cost-plus method Market share Organisation for Economic Co-operation and Development guidelines Life-cycle analysis Use of multiple-year data
Book Description
The most up-to-date practical primer in the professional markets.
Customer Reviews:
Clear and thorough with excellent examples.......2006-06-13
This is an excellent book for both practitioners and students. The book is clearly written and contains some very good examples on calculations. As a portfolio manager, I find that this book is best used establishing basic knowledge of transaction mechanics. You can combine this reading with Fabozzi's book to get a better feel for the market. Although the Fabozzi book is not as well organized, it contains more industry perspectives. This book is very highly recommended.
Average customer rating:
- Best Valuation Tool Available
- For valuation of nonpublic companies - A good read!
- 101 Fudge Factors For Those Ignorant of Risk Neutral Pricing
|
Cost of Capital: Estimation and Applications
Shannon P. Pratt
Manufacturer: Wiley
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Similar Items:
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Business Valuation Discounts and Premiums
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Valuing A Business, 4th Edition
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Financial Valuation: Applications and Models (Wiley Finance)
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The Market Approach to Valuing Businesses
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Valuing Small Businesses and Professional Practices (Art of M & A)
ASIN: 0471224014 |
Book Description
An authoritative text on cost of capital for both the nonprofessional and the valuation expert -- now revised and expanded
In endeavoring to practice sound corporate finance, there is perhaps nothing so critical, nor slippery, as cost of capital estimation. The second edition of
Cost of Capital: Estimation and Applications combines a state-of-the-art treatise on cost of capital estimation with an accessible introduction for the nonprofessional.
This comprehensive yet usable guide begins with an exposition of basic concepts understandable to the lay person and proceeds gradually from simple applications to the more complex procedures commonly found in the marketplace. New features of the revised and expanded Second Edition include chapters on Economic Value Added (EVA) and reconciling cost of capital in the income approach with valuation multiples in the market approach, as well as expanded coverage of cost of capital in the courts and handling discounts for marketability.
Cost of Capital remains an incomparable resource for all parties interested in effective business valuation.
Customer Reviews:
Best Valuation Tool Available.......2000-12-19
Pratt took his many years of valuation experience and put it in this one book. The book reviews the theory and practice of how to derive a discount rate for use in a DCF. At present, it's the best book in print for appraisers.
For valuation of nonpublic companies - A good read!.......2000-01-31
The valuation profession has exploded among CPAs, CBAs and others who attend a few seminars and then undertake to do this complicated work. Many end up doing a shabby job, because they do not understand basic concepts of cost of capital. The understanding of aspiring business appraisers will grow from reading this book, as (I believe) mine did.
This book is NOT written by an academician (although I think I recall that Shannon has a PhD in finance). A fair example of an academician's work, reflecting a different approach and serving different needs, is Bradford Cornell's fine work on the equity risk premium.
Pratt has authored several classic books on business valuation. He has valued thousands and testified in US Tax Court, state courts and federal courts across the country. He continues to speak to business appraisers across the country. This book summarizes issues he knows need to be better understood by those of us who consult with closely held businesses.
This is a short book and an easy read, but packed with good information for those who want to better understand the cost of capital in the context of valuing small businesses.
101 Fudge Factors For Those Ignorant of Risk Neutral Pricing.......1999-05-30
This book should be titled "I do not know how to price all risks when valuing companies so here are 101 fudge factor guesses I use instead". This is the wrong way to value companies and is inconsistent with financial asset pricing theory. Look elsewhere for better resources.
Average customer rating:
- Go with the online documentation
- Dont get into any tussle trying to get your hands on it.
- Book Disappoints
- Don't waste your money
- Contents of the book exactly match the contents of 11i docs.
|
Oracle E-Business Suite Financials Administration
Manufacturer: McGraw-Hill Companies
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Similar Items:
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Oracle E-Business Suite Financials Handbook (Osborne ORACLE Press Series)
-
Oracle Applications DBA Field Guide
-
Oracle E-Business Suite 11i: Implementing Core Financial Applications
-
Installing, Upgrading and Maintaining Oracle Applications 11i (or, When Old Dogs Herd Cats - Release 11i Care and Feeding)
-
Oracle 11i E-Business Suite from the Front Lines
ASIN: 0072130989 |
Book Description
From the official Oracle Press comes a comprehensive guide managing, customizing, and tuning this key component of the Oracle Applications Suite. You'll learn to install and update Oracle Financials, apply various patches, and much more using this essential resource.
Customer Reviews:
Go with the online documentation.......2002-04-23
After comparing a sample chapter of this book (chapter 5, Managing the Financials Environment) with the free "Maintaining Oracle Applications" PDF in the 11i documentation set, I must agree with most of the other reviewers here. Chapter 5 of this book parallels the PDF *very* closely -- except that the PDF has a more thorough treatment of the subject!
I had hoped that this book would provide extra, real-world, practical insights that went beyond the product documentation. It appears to do nothing of the kind. Looks like I'll be printing the PDF's on our high-speed laser printer and sticking them in a 3-ring binder....
Dont get into any tussle trying to get your hands on it........2002-03-01
First thought that this book was worht enough to get a copy of regardless of whatever means were used, but to my dissapointment the book turned out to be just another one of those also rans. 90 % Contents are from Oracle Applications Documentation.
Book Disappoints.......2002-02-20
It really does not discuss financials specific issues - a lot of it is discussing Oracle tuning etc.
No screen shots are available either .
Most topics are not covered in any depth- Ex Chapter on Open Interfaces mostly explains autonomous transactions, bulk binds and invokers rights - not really open interfaces
Don't waste your money.......2002-01-30
Other reviews for this book say that it's just a reprint of the Apps documentation, if only that were true it might be of some value. I'm new to Apps and wanted a book that would give me the basics without having to wade through the App's documentation on-line. However, even at my beginner level this book disappointed. I feel like I've been conned.
Contents of the book exactly match the contents of 11i docs........2001-12-21
Contents of the book exactly match the contents of 11i docs. Don't waste your money buying this book. It is not worth at all. Oracle documentation (install guide, maintain apps, concepts etc) are better when put together in a folder than this book.
Average customer rating:
|
Financial Valuation: Applications and Models and Financial Valuation Workbook -- Set (Wiley Finance)
James R. Hitchner
Manufacturer: Wiley
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ASIN: 0470120134 |
Book Description
The Sixth Edition of FINANCIAL STATEMENT ANALYSIS has been completely revised by new co-author John Wild. The three goals of this revision are: 1. Make financial statement analysis relevant to students; 2. Encourage students to think in an evaluative manner; 3. Make the material accessible and interesting to students. The text has been streamlined from twenty-three chapters to a very manageable thirteen chapters. The new design highlights the currency, enhanced pedagogy, and accessibility for students.
Customer Reviews:
Good content, poor communication.......2000-07-06
I read this book because it was the official textbook for CFA Level 1 test. AIMR later dropped it and returned to White and Sondhi for the year 2000. Personally, I agree.
This should be a fairly good financial analysis book, but because of its uncommunicative wording, it is not appealing indeed. Agree with a reader from England, it is dull.
If the authors add their comments and pour some additional opinion and insights, this book will be much better.
It appears that the book lost its good image (since 1973?) because most of its current readers have read the White & Sondhi's book. If they not read the White & Sondhi before they read this book, they might viewed this book much much better. In my opinion, the readers will get relatively the same knowledge from both books.
objective assessment.......2000-01-01
First published in 1973 and used from inception by the initial CFA program this classic text has been used by many thousands of students and professionalsthrough 6 editions. Please judge this text on its merits and be wary of planted sour grapes comments of a competing text which lost out.
A dreadful book. Do not buy it........1999-09-20
Tried using this turgid volume for 1999 CFA level 1. It is appalling. Technically the authors know their stuff - as one would hope - but they make it as dull as ditchwater. Very hard to read without feeling a pressing need to do something, anything, else. I only give it 1 star because I cannot give it none. AIMR have reverted to the Sondhi & Fried book for L1 and L2. Thank you thank you thank you.
Anyone want to buy a doorstop? One careful owner.
Am I the only one with some common sense here?.......1999-08-22
I was not impressed with this text. Apparently, the folks at AIMR thought it would be a good idea to make guinea pigs out of last year's CFA Level One candidates by forcing this book down our throats. My experience as well as those who worked alongside with me on this book (and numerous others on CFA message boards!) found the text to be as pleasant as eating a cement brick.
To me, the two professors who wrote this book, while very smart, have little or no ability to communicate in clear and simple english the finer points of financial statement analysis. It is a book written by a clique of musty, tome-reading academics, for a similar group of academics. Examples are sparse, obscure, and insufficient. The text is nothing more than a regurgitation of rules, with little attempt at clarification in plain English.
The text can be characterized by its economy of text; outline the point, and let others figure out what it means; move onto the next subject, and be similarly tight-fisted with explanation.
If you want a book that will cost of a lot of money, and one that will likely only line your bookshelf, this is definitely one for you. However, if you want something that you can actually use and understand, then I suggest you pick up Sondhi & Fried's version of "The Analysis and Use of Financial Statements." I opted to buy this text as a companion to the CFA curriculum because of its clarity and generous use of examples. Apparently, because of all the ruckus and distaste for Bernstein & Wild's text last year, AIMR has decided to drop this text from the curriculum, and move back to the tried-and-true Sondhi & Fried text mentioned above.
A challenging accounting text for the student.......1999-02-12
This is the required accounting text for the CFA Level 1 Exam for which I am currently preparing. While many of the other reviews may rate this a great practitioner's reference, I'd like to offer a student's perspective.
I've often needed to re-reference my financial & managerial acct'g text from undergrad days to follow certain sections of this text. AIMR stresses background reading before tackling this text, and they're absolutely right. Bernstein & Wild are no doubt thorough in their work, but don't bother with this text if your not that serious a reader/student.
The questions, problems, exercises, etc. at the end of each section are also thorough, but very few can be traced back to relevant examples in the reading. Unless you purchase the accompanying solutions manual, you're on your own.
The material's level of detail is occasionally abrupt. I've often needed to reread the same sentences several times to reinforce my understanding.
Going forward, this text will no doubt serve me as an excellent reference. But for the time being, it's a challenging text in preparing for the CFA I exam.
Book Description
Project Flexibility, Agency, and Competition exemplifies how the development and application of the real options paradigm has revolutionized project evaluation and corporate strategy. The first part of the book focuses on the valuation and the exercise of corporate real options, examining situations in which future project cash flows are (at least partially) controllable by management. Part II deals with agency issues, contracts, and incentives, concentrating on agency problems that arise in a dynamic setting when cash flows are controllable and decision makers have private information. Part III deals with the determination of optimal policies and the valuation of flexibility in natural resource investments. The final part of the book looks at strategic options and product market competition, particularly at reactions of outside parties where strategic interactions between agents are important. These reactions naturally lead to game-theoretic or industry equilibrium valuation models. Project Flexibility, Agency, and Competition is well-suited for corporate executives and students of finance, economics, and engineering management that focus on issues in budgeting or financial theory, and for courses in finance, strategy, and management that deal with options and strategy.
Customer Reviews:
Good book, learnt a lot........2001-07-09
Actually, I'd give it 3.5 stars. Excellent exposition and developement of material. However, there are quite a few typo's that would throw the reader with less math off the trail (and possibly some with good math). Good coverage of different types of cases, underlying math, real world appications and properties of solutions. Personally, I would have preferred all the rigorous material (including math proofs) in the one book rather than making statements and referring to seminal real options papers very often. Some credit is due here, however, as there are some proofs in appendices at the end of each chapter - I think these could have gone into a little more detail and depth - (I say this only because there isn't the vast library of books on this subject that exists for more mature disciplines - guess I was looking for a more comprehensive reference.) I have read Trigeorgis' other books so this was not an introduction. Liked the book, learnt a lot and am applying it to real life projects, however had to learn a fair bit on my own too.
Cutting edge but very challenging mathematically.......2000-07-02
This book gives you the latest update on what's going on in real options theory. Brilliant throughout, but its really too hard mathematically to be of much value for someone who's not a math-person. I found the chapter on the Antamina mine to be immensely interesting. It was originally used as a case study on options theory at Harvard and shows you how these academics went about valuing a peruvian mine. It's a very valuable chapter because it is focused on the practical side of real options theory. The chapter on "Rules of thumb for capital budgeting" didn't make much sense at all to me. The rest of the chapters are no easy read, but if you feel up to it mathematically, you're going to find this a very interesting book. If your not that much into mathematics, I think it's going to leave you rather frustrated. This book cannot have been meant as a guide for practitioners, it's more of a field day for academics, that's my impression at least.
The book of the year 2000 on real options !.......2000-04-22
OK, I admit the year has not ended yet, but that doesn't mean you mus not read this: now! This book is co-edited by Trigeorgis, one of the most proeminent author in the area. It deals with all the new developements on real options. It's objective is to give the researcher or student a key to enter the world of real options. Contributions are worldwide, mainly by people with a strong mathematical background. This makes it sometime difficult to understand for more management focused readers. However the book by the quality of the writting and the new ideas it brings, keeps you awake like a thriller. To be own by any person who want's to know about the future (nearly present) of corporate finance.
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