Capital Budgeting: Estimating Cash Flows

Pamela P. Drake, Frank J. Fabozzi and Francesco A. Fabozzi

Chapter 12 in Introduction to Finance:Financial Management and Investment Management, 2022, pp 313-343 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Capital budgeting decisions involve the long-term commitment of a company’s scarce resources in long-term investments. These decisions play a prominent role in determining whether a company will be successful. The commitment of funds to a particular capital project can be enormous and may be irreversible. Whereas some capital budgeting decisions are routine decisions that do not change the course or risk of a company, there are strategic capital budgeting decisions that will either have an impact on the company’s future market position in its current product lines or permit it to expand into a new product line in the future…

Keywords: Financial Management; Investment Management; Derivatives; Common Stock; Bonds; Company Analysis; Entrepreneurial Finance; Financial Instruments; Financial System; Financial Statements; Time Value of Money; Yields; Present Value; Future Value; Financial Strategy; Dividend Policy (search for similar items in EconPapers)
JEL-codes: G1 G3 N2 O16 (search for similar items in EconPapers)
Date: 2022
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