| Corporate finance course | The object of capital budgeting |
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| The object of capital budgeting is to find real assets which are worth more than they cost. To do so, we need a theory of value. How to evaluate whether a decision should be undertaken ? Financial decisions involve exchange of cash now for cash later, usually subject to uncertainty Key question: How to evaluate whether a decision should be undertaken ? Is risky cash later "worth" expense? ... but evaluation requires a corporate objective! What is the appropriate goal of a firm? >> |
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Corporate finance PART ONE: CAPITAL EXPENDITURE PART TWO. BASICS OF FINANCE PART THREE FINANCING DECISIONS PART FOUR FINANCIAL MANAGEMENT Course created and updated by Dr David Chelly, PhD in Management sciences from the University of Tours.
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