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Capital Budgeting: Estimating Cash Flows

In: INTRODUCTION TO FINANCE Financial Management and Investment Management

Author

Listed:
  • Pamela P. Drake
  • Frank J. Fabozzi
  • Francesco A. Fabozzi

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…

Suggested Citation

  • Pamela P. Drake & Frank J. Fabozzi & Francesco A. Fabozzi, 2022. "Capital Budgeting: Estimating Cash Flows," World Scientific Book Chapters, in: INTRODUCTION TO FINANCE Financial Management and Investment Management, chapter 12, pages 313-343, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811241284_0012
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    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;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G3 - Financial Economics - - Corporate Finance and Governance
    • N2 - Economic History - - Financial Markets and Institutions
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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