Investment appraisal for shareholder value - Ian R. C. Hirst

The pressure on companies to maximise returns to shareholders places a weight of responsibility on the organisation to ensure that each investment opportunity is subject to the best available investment appraisal process. Finance professionals and senior management need access to best practice and developments in the field to make certain that their investment appraisal is conducted as effectively as possible.

This briefing provides detailed practical guidance on how to apply best practice appraisal techniques to identify and evaluate projects that will maximise shareholder returns. It will prove an invaluable aid for finance professionals seeking guidance on benchmarking, insight into new approaches and a chance to get to grips with the techniques involved, or to refresh their existing skills.

Contents include:



• Identifying cash flows


• Required returns


• Appraisal techniques


• Risk analysis


• Specialised appraisal techniques


• Implementing a project appraisal system