Financial managers are more concerned with investment decisions relating to real assets such as plant and equipment

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Financial managers are more concerned with investment decisions relating to real assets such as plant and equipment than with investments in financial assets such as securities. How does the analysis that we have gone through relate to real-asset investment decisions, especially corporate capital budgeting decisions?

Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...
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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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