Knowledge about the magnitude of the cost of capital invested in an asset and its determinants is essential for the analysis of corporate investment decisions and for assessing profitability. This book provides a clear conceptual understanding of the cost of capital, the characteristics of an asset that influence it, and a critical, comprehensive, and up-to-date evaluation of practical means for estimating its magnitude. It is intended primarily for use by professional managers, but will also be valuable to future managers in advanced capital budgeting courses.

The focus of the discussion is on estimation methods that are theoretically sound and consistent with a corporate goal of value creation. Three methods are analyzed in depth: the discounted cash flow model, the capital asset pricing model, and arbitrage pricing theory. For each method, the basic theory is set out in a nontechnical manner and empirical evidence in support of the model is critically reviewed. The bulk of the discussion then focuses on practical means for implementing the methods for decision-making purposes. Later chapters focus on the effects of the debt-supporting characteristics of assets, on the valuation of options embedded in securities, and on the estimation of the cost of capital for evaluating international investments. The final chapter discusses certain aspects of the use of cost of capital in public utility regulation. Care is taken to separate out key issues from more peripheral material through a comprehensive set of supplementary notes.

Making up 65 percent of Africa's population, young people between the ages of 18 and 35 play a key role in politics, yet they live in an environment of rapid urbanization, high unemployment rates and poor state services. Drawing from extensive fieldwork in Ghana, Uganda and Tanzania, this book investigates how Africa's urban youth cultivate a sense of citizenship in this challenging environment, and what it means to them to be a 'good citizen'. In interviews and focus group discussions, African youth, activists, and community leaders vividly explain how income, religion, and gender intertwine with their sense of citizenship and belonging. Though Africa's urban youth face economic and political marginalization as well as generational tensions, they craft a creative citizenship identity that is rooted in their relationships and obligations both to each other and the state. Privileging above all the voice and agency of Africa's young people, this is a vital, systematic examination of youth and youth citizenship in urban environments across Africa.

This volume examines how local actors respond to Africa's high dependence on donor health funds. It focuses on the large infusion of donor money to address HIV and AIDS into Malawi and Zambia and the subsequent slow-down in that funding after 2009. How do local people respond to this dynamic aid architecture and the myriad of opportunities and constraints that accompany it? This book conceptualizes dependent agency, and the condition in which local actors can simultaneously act and be dependent, and investigates conditions under which dependent agency occurs. Drawing upon empirical data from Malawi and Zambia collected between 2005 and 2014, the work interrogates the nuanced strategies of dependent agency: performances of compliance, extraversion, and resistance below the line. The findings elucidate the dynamic interactions between actors which often occur "off stage" but which undergird macro-level development processes.

Macrocognition Metrics and Scenarios: Design and Evaluation for Real-World Teams translates advances by scientific leaders in the relatively new area of macrocognition into a format that will support immediate use by members of the software testing and evaluation community for large-scale systems as well as trainers of real-world teams. Macrocognition is defined as how activity in real-world teams is adapted to the complex demands of a setting with high consequences for failure. The primary distinction between macrocognition and prior research is that the primary unit for measurement is a real-world team coordinating their activity, rather than individuals processing information, the predominant model for cognition for decades. This book provides an overview of the theoretical foundations of macrocognition, describes a set of exciting new macrocognitive metrics, and provides guidance on using the metrics in the context of different approaches to evaluation and measurement of real-world teams.

Macrocognition Metrics and Scenarios: Design and Evaluation for Real-World Teams translates advances by scientific leaders in the relatively new area of macrocognition into a format that will support immediate use by members of the software testing and evaluation community for large-scale systems as well as trainers of real-world teams. Macrocognition is defined as how activity in real-world teams is adapted to the complex demands of a setting with high consequences for failure. The primary distinction between macrocognition and prior research is that the primary unit for measurement is a real-world team coordinating their activity, rather than individuals processing information, the predominant model for cognition for decades. This book provides an overview of the theoretical foundations of macrocognition, describes a set of exciting new macrocognitive metrics, and provides guidance on using the metrics in the context of different approaches to evaluation and measurement of real-world teams.

The First World War was an epic event of huge proportions that lasted over four years and involved the armies of more than twenty nations, resulting in 30 million casualties, including more than 8 million killed. Set against the backdrop of this massive carnage, The Search for Negotiated Peace is the gripping story of the events that moved high profile American and European citizens, particularly women, into the international peace movement. This small, transatlantic network put forth proposals for changing the international system of negotiation. They supported non-annexationist war aims and attempted to discredit nations' secret diplomacy, militarism and narrowly nationalistic practices. Instead, they wanted to develop a 'new diplomacy.' David Patterson skillfully develops the interactions of many of the notable leaders of the movement, including Jane Addams, Aletta Jacobs, and Rosika Schwimmer, into an absorbing narrative that brings together the various strands of women's history, international diplomatic history, and peace history for the first time. The Search for Negotiated Peace is an essential read for anyone interested in the social history of World War I and the foundations of citizen activism today.

The First World War was an epic event of huge proportions that lasted over four years and involved the armies of more than twenty nations, resulting in 30 million casualties, including more than 8 million killed. Set against the backdrop of this massive carnage, The Search for Negotiated Peace is the gripping story of the events that moved high profile American and European citizens, particularly women, into the international peace movement. This small, transatlantic network put forth proposals for changing the international system of negotiation. They supported non-annexationist war aims and attempted to discredit nations??? secret diplomacy, militarism and narrowly nationalistic practices. Instead, they wanted to develop a ???new diplomacy.???

David Patterson skillfully develops the interactions of many of the notable leaders of the movement, including Jane Addams, Aletta Jacobs, and Rosika Schwimmer, into an absorbing narrative that brings together the various strands of women's history, international diplomatic history, and peace history for the first time. The Search for Negotiated Peace is an essential read for anyone interested in the social history of World War I and the foundations of citizen activism today.

This edited volume analyzes African state responses to the AIDS epidemic. Institutionally weak, limited in resources and lacking power in the international system, the African state has been characterized as inefficient, corrupt and illegitimate. The volume questions how aspects of the African state have affected policy responses to AIDS. It highlights how African states must initiate, develop and/or implement the long-term policy solutions necessary to combat AIDS. It employs empirical studies from the international and national arena to illustrate why some African states have been able (and willing) to address AIDS while others have not. Contributions analyze how international actors, civil society organizations, state ideology, patriarchy and state capacity have influenced policies to fight AIDS. Examining AIDS policies through the prism of African state development and linkages to domestic and international actors, this book provides a nuanced understanding of the variety of responses to AIDS in Africa.

This edited volume analyzes African state responses to the AIDS epidemic. Institutionally weak, limited in resources and lacking power in the international system, the African state has been characterized as inefficient, corrupt and illegitimate. The volume questions how aspects of the African state have affected policy responses to AIDS. It highlights how African states must initiate, develop and/or implement the long-term policy solutions necessary to combat AIDS. It employs empirical studies from the international and national arena to illustrate why some African states have been able (and willing) to address AIDS while others have not. Contributions analyze how international actors, civil society organizations, state ideology, patriarchy and state capacity have influenced policies to fight AIDS. Examining AIDS policies through the prism of African state development and linkages to domestic and international actors, this book provides a nuanced understanding of the variety of responses to AIDS in Africa.

Making up 65 percent of Africa's population, young people between the ages of 18 and 35 play a key role in politics, yet they live in an environment of rapid urbanization, high unemployment rates and poor state services. Drawing from extensive fieldwork in Ghana, Uganda and Tanzania, this book investigates how Africa's urban youth cultivate a sense of citizenship in this challenging environment, and what it means to them to be a 'good citizen'. In interviews and focus group discussions, African youth, activists, and community leaders vividly explain how income, religion, and gender intertwine with their sense of citizenship and belonging. Though Africa's urban youth face economic and political marginalization as well as generational tensions, they craft a creative citizenship identity that is rooted in their relationships and obligations both to each other and the state. Privileging above all the voice and agency of Africa's young people, this is a vital, systematic examination of youth and youth citizenship in urban environments across Africa.

This volume examines how local actors respond to Africa's high dependence on donor health funds. It focuses on the large infusion of donor money to address HIV and AIDS into Malawi and Zambia and the subsequent slow-down in that funding after 2009. How do local people respond to this dynamic aid architecture and the myriad of opportunities and constraints that accompany it? This book conceptualizes dependent agency, and the condition in which local actors can simultaneously act and be dependent, and investigates conditions under which dependent agency occurs. Drawing upon empirical data from Malawi and Zambia collected between 2005 and 2014, the work interrogates the nuanced strategies of dependent agency: performances of compliance, extraversion, and resistance below the line. The findings elucidate the dynamic interactions between actors which often occur "off stage" but which undergird macro-level development processes.

What was imperial honor and how did it sustain the British Raj? If "No man may harm me with impunity" was an ancient theme of the European aristocracy, British imperialists of almost all classes in India possessed a similar vision of themselves as overlords belonging to an honorable race, so that ideals of honor condoned and sanctified their rituals, connecting them with status, power, and authority. Honor, most broadly, legitimated imperial rule, since imperialists ostensibly kept India safe from outside threats. Yet at the individual level, honor kept the "white herd" together, providing the protocols and etiquette for the imperialist, who had to conform to the strict notions of proper and improper behavior in a society that was always obsessed with maintaining its dominance over India and Indians.Examining imperial society through the prism of honor therefore opens up a new methodology for the study of British India.