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Evaluating Capital Projects
The successful evaluation of capital projects requires not only a thorough understanding of traditional techniques of capital budgeting but advanced techniques as well. Riahi-Belkaoui examines the multidimensionality of capital budgeting in its various facets and in ways that executives with no special facility in the subject can follow. He covers replacement decisions, capital rationing, capital budgeting under inflation uncertainty, capital budgeting in a multinational setting with attention to political risks, social project evaluation, and concepts of wealth measurement and distribution. The result is a wide ranging treatment for executive decision makers in finance, banking, investment, and general management, and for their colleagues with similar interests in the academic community.
Riahi-Belkaoui begins by examining the principles underlying the time value of money. In Chapter Two he introduces capital budgeting and in Chapter Three moves to advanced capital budgeting. There he discusses such advanced topics as replacement decisions, capital rationing, and capital budgeting under uncertainty and inflation. In Chapter Four he takes up the same issues associated with capital budgeting but in a global context, and in Chapter Five, the determination of political risk and its use in capital budgeting internationally. Chapter Six compares the techniques of leasing versus purchasing and their reliance on capital budgeting techniques. In Chapter Seven he turns to the techniques of capital budgeting applied to social projects, and ends the book with an examination of the behavior and cognitive implications of wealth measurement and distribution. This is a useful survey and examination of the traditional and advanced techniques of capital budgeting and their applications in domestic and international contexts.
Riahi-Belkaoui begins by examining the principles underlying the time value of money. In Chapter Two he introduces capital budgeting and in Chapter Three moves to advanced capital budgeting. There he discusses such advanced topics as replacement decisions, capital rationing, and capital budgeting under uncertainty and inflation. In Chapter Four he takes up the same issues associated with capital budgeting but in a global context, and in Chapter Five, the determination of political risk and its use in capital budgeting internationally. Chapter Six compares the techniques of leasing versus purchasing and their reliance on capital budgeting techniques. In Chapter Seven he turns to the techniques of capital budgeting applied to social projects, and ends the book with an examination of the behavior and cognitive implications of wealth measurement and distribution. This is a useful survey and examination of the traditional and advanced techniques of capital budgeting and their applications in domestic and international contexts.
264 pages, Hardcover
First published December 30, 2000
4 people want to read
About the author
Ahmed Riahi-Belkaoui
102 books12 followersEDUCATION
Ph.D: Syracuse University, January 1973, Accounting.
MBA: University of Illinois, June 1970, Controllership.
HEC: Institut des Hautes Etudes Commerciales, Universite de Tunis, June 1967,Business Administration.
BME: Baccalaureat Mathematiques Elementaires, Lycee Carnot, June 1964, Mathematics.
CMA Certified Management Accountant, Society of Management Accountants of Ontario, Canada, 1978.
ACADEMIC EXPERIENCE
July 2004-Present: Emeritus professor of Accounting, University of Illinois at Chicago
July 2000-2003: University Scholar, UIC
July 1996-2001: CBA Distinguished Professor of Accounting, UIC
July 1981-Present: Professor, University of Illinois at Chicago
July 1980-1981: Associate Professor, University of Ottawa
July 1979-1980: Associate Professor, University of Chicago (Visiting)
July 1973-1979: Assistant, then Associate Professor, University of Ottawa
RESEARCH &
TEACHING INTERESTS
Teaching interests focus on financial, managerial and international accounting.
Research interests focus on the empirical analysis of the effectiveness of internal and external communications, language and accounting, and social accounting.
Ph.D: Syracuse University, January 1973, Accounting.
MBA: University of Illinois, June 1970, Controllership.
HEC: Institut des Hautes Etudes Commerciales, Universite de Tunis, June 1967,Business Administration.
BME: Baccalaureat Mathematiques Elementaires, Lycee Carnot, June 1964, Mathematics.
CMA Certified Management Accountant, Society of Management Accountants of Ontario, Canada, 1978.
ACADEMIC EXPERIENCE
July 2004-Present: Emeritus professor of Accounting, University of Illinois at Chicago
July 2000-2003: University Scholar, UIC
July 1996-2001: CBA Distinguished Professor of Accounting, UIC
July 1981-Present: Professor, University of Illinois at Chicago
July 1980-1981: Associate Professor, University of Ottawa
July 1979-1980: Associate Professor, University of Chicago (Visiting)
July 1973-1979: Assistant, then Associate Professor, University of Ottawa
RESEARCH &
TEACHING INTERESTS
Teaching interests focus on financial, managerial and international accounting.
Research interests focus on the empirical analysis of the effectiveness of internal and external communications, language and accounting, and social accounting.
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