Capital Budgeting and Long-Term Financing Decisions

This text explores all areas of capital budgeting and all the strategies used to make long-term financing decisions. Utilizing a strategic framework, it discusses how the key concepts synchronize with overall corporate strategies and goals. This text covers practical capital budgeting and long-term financing decisions in a way that is comprehensive, applicable, understandable, and flexible.

Neil Seitz has been Dean of the School of Business and Administration at Saint Louis University since 1993. He received degrees from Findlay College, the University of Hawaii, and Ohio State University. Before entering academics, he worked briefly in inventory planning and then acquisition analysis. After teaching at Florida Atlantic University, he joined the finance faculty of Saint Louis University in 1975. He has published six books in a total of 11 English editions, plus one translation, and has published numerous articles as well. He has also consulted with and contributed to executive development programs for companies spanning the United States, Europe, South America, Australia, and Asia. His primary areas of academic interest are capital investment choice and the management of risk, such as foreign exchange risk, credit risk, and interest rate risk. His most recent book, Capital Budgeting and Long-Term Financing Decisions, 3d. ed., was published by Dryden Press in 1999. He currently serves on the boards of Magna Investment Funds and Inroads. He also serves on the advisory boards for the Initiative for a Competitive Inner City and Rosati-Kain High School. He serves as chairman of the oversight committee for the Beijing Program of the Association of Jesuit Business Schools.

Mitch Ellison is the Dean of the Business School at Quincy University. In addition, he has teaching responsibilities within the school as a Professor of Finance and Accounting. He earned his Ph. D. in Finance from Saint Louis University. Mitch is a Chartered Financial Analyst, a Certified Public Accountant, a Certified Management Accountant and is Certified in Financial Management. He has extensive experience in merger and acquisition analysis acting as an independent analyst for over twenty consummated or initiated deals. Mitch serves as consultant in strategic planning, executive compensation, and in various SEC and FASB implementation issues. Additionally, he is co-author of Capital Budgeting and Long Term Financial Decisions, Third Edition, with Neil Seitz as primary author.