January 2018
Beginner
976 pages
142h 14m
English
book
Principles of Managerial Finance, 15th Edition
by Scott B. Smart, Chad J. Zutter, Lawrence J. Gitman
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Summary
Focus on Value
Not all capital budgeting projects have the same risk as the firm’s existing portfolio of projects. The financial manager must adjust projects for differences in risk when evaluating their acceptability. Without such an adjustment, management could mistakenly accept projects that destroy shareholder value or could reject projects that create shareholder value. To ensure that neither of these outcomes occurs, the financial manager must make certain that only those projects creating shareholder value are recommended.
Risk-adjusted discount rates (RADRs) provide a mechanism for adjusting the discount rate to make it consistent with the risk–return preferences of market participants. Procedures for comparing projects with unequal ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.