PDF Ebook The Capital Budgeting Decision, Ninth Edition: Economic Analysis of Investment Projects, by Harold Bierman Jr., Seymour Smidt
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The Capital Budgeting Decision, Ninth Edition: Economic Analysis of Investment Projects, by Harold Bierman Jr., Seymour Smidt

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Fully updated and revised by international authorities on the topic, this new version of a classic and established text returns to its roots as a clear and concise introduction to this complex but essential topic in corporate finance.
Retaining the authority and reputation of previous editions, it now covers several topics in-depth which are frequently under explored, including distribution policy and capital budgeting.
Features new to this edition include:
- a new chapter on real options
- new material on uncertainty in decision-making.
Easily understandable, and covering the essentials of capital budgeting, this book helps readers to make intelligent capital budgeting decisions for corporations of every type.
- Sales Rank: #1290324 in Books
- Published on: 2006-12-22
- Released on: 2006-12-14
- Original language: English
- Number of items: 1
- Dimensions: 9.21" h x .96" w x 6.14" l, 1.37 pounds
- Binding: Paperback
- 424 pages
From the Publisher
This book addresses an ongoing challenge for business professionals and economists: how to allocate available financial resources among many possible investment projects.
About the Author
Harold Bierman, Jr. is the Nicholas H. Noyes Professor of Business Administration at the Johnson Graduate School of Management, Cornell University.
Seymour Smidt is Professor Emeritus at the Johnson Graduate School of Management, Cornell University.
Most helpful customer reviews
4 of 4 people found the following review helpful.
Half-Hearted Effort At A Textbook
By Superman
"The Capital Budgeting Decision: Economic Analysis of Investment Projects", 9th edition, is a disappointing textbook, especially considering that it was written by two Cornell University professors. Many of the topics are covered only briefly, with general allusions to principles covered in accounting and tax courses, and presented with the assumption that the reader has prior knowledge of such principles. There are several errors in the text, as well as in mathematical problems that can easily confuse beginner finance students. There are no solutions available in the book to the majority of the end-of-chapter problems, nor is there a companion solutions manual. This is probably the greatest shortcoming of the book, since there is no way to gauge one's understanding of the often complex material. The book attempts to cover in less than 400 pages what the authors should have attempted to cover more thoroughly in several hundred more. For a ninth edition, the authors haven't made much effort toward making this a truly useful textbook for covering the full complexity of capital budgeting concepts.
34 of 36 people found the following review helpful.
This is the best book on capital budgeting ever written.
By A Customer
Bierman and Smidt's work is generally considered to be a classic in its field. Anyone seriously interested in a cogent, well structured, and logically developed textbook on the economic analysis of investment projects MUST study Bierman and Smidt. This book is not "just another finance text" because capital budgeting straddles two disciplines: finance and operations. This book does justice to both fields remarkably well.
2 of 2 people found the following review helpful.
Don't buy this if you are new in finance
By Mr. Danail Stanev
Although it does provide really good insights, I find this quite hard to read. Moreover it is quite complicated to follow the authors point's of view.
The book also includes a lot of math and it presumes you've already have that knowledge.
Overall I am not happy with the purchase and would not recommend it to any of my friend and colleagues.
See all 6 customer reviews...
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