Nijenrode Studies in Business

Capital Budgeting Under Conditions of Uncertainty

Authors: Crum, R.L., Derkinderen, F.G.J.

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About this book

The business environment, particularly after the continuing oil crises of the seventies, can be characterized as evolving rapidly in complex and often unpre­ dictable ways. Such things as high interest and inflation rates, fluctuating ex­ change rates, volatile commodity markets, and increasing political turmoil have led to a situation in which explicit consideration of environmental dynamics is becoming much more important for successful business planning than was true in the past. Companies are finding that it is no longer possible to conduct "busi­ ness as usual" under these changing circumstances. Rather, decision makers are having to be more cognizant of the many sources of uncertainty that could have serious impacts on the continued prosperity of the firm, as well as of actions that can be taken so that the company can thrive in spite of these greater uncertainties. Businesses have responded to these challenges by giving more thorough con­ sideration to strategic issues. Whereas in the past the steady progression of mar­ kets and technology was taken for granted, the uncertainties associated with increased worldwide competition, as well as with other exogenous factors, have vii viii INTRODUCTION forced companies to think more about flexibility. This involves not only how best to exploit profitable current options, but also how to position themselves at present to be able to respond appropriately to threats and opportunities as they arise in the future. Unfortunately, in this redirection of outlook, the fmance profession has not kept pace.

Table of contents (12 chapters)

Table of contents (12 chapters)
  • Investment Decisions In The Electric Industry:

    Pages 3-20

    Parés, Antoni (et al.)

  • The Influence of Increased Environmental Turbulence on Corporate Investment and Financial Planning

    Pages 21-37

    Gandemo, Bertil

  • The Influence of Tax Incentives on Capital Budgeting Decisions Under Uncertainty

    Pages 38-59

    Schneider, Dieter

  • The Impact of Stochastic Project Lives on Capital Budgeting Decisions

    Pages 63-80

    Bey, Roger P.

  • Capital Budgeting Under Qualitative Data Information

    Pages 81-117

    Bühler, Wolfgang

Buy this book

eBook $84.99
price for USA in USD
  • ISBN 978-94-011-7408-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $109.00
price for USA in USD
  • ISBN 978-94-011-7410-7
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Capital Budgeting Under Conditions of Uncertainty
Authors
Series Title
Nijenrode Studies in Business
Series Volume
5
Copyright
1981
Publisher
Springer Netherlands
Copyright Holder
Martinus Nijhoff Publishing
eBook ISBN
978-94-011-7408-4
DOI
10.1007/978-94-011-7408-4
Softcover ISBN
978-94-011-7410-7
Series ISSN
0924-4980
Edition Number
1
Number of Pages
250
Topics