Financial Analysis
NPV Concepts – Project Analysis and Risk Adjustments
Core References
Restructuring and Managing the Enterprise in Transition
Washington, D.C.: The World Bank, 1998, Chapters 1 and 9.
Crum, Roy L., and Itzhak Goldberg
Focuses on transitioning economies. Explains time value of money and calculating rate of return, including adjusting for inflation, risk, and multiple periods (present value calculations. Defines risk. Examines project analysis, including sensitivity and scenario analysis, internal rate of return, discount rates, and risk.
Resetting Price Controls for Privatized Utilities: A Manual for Regulators
Washington, D.C.: World Bank, 1999, Chapter 5.
Green, Richard, and Martin Rodriguez Pardina
Describes net present value analysis in a regulatory context for conducting a price review.
Managerial Economics
London: Norton & Co., 2002, Appendix A.
Mansfield, Edwin, W. Bruce Allen, Neil A. Doherty, and Keith Weigelt
Considers issues of time value of money, calculating rate of return, and risk.
Key Words
Cash flow, Risk, Rate of return, Present Value, Net Present Value, Inflation
Ratio Analysis
Accounting for Infrastructure Regulation: An Introduction
Washington, D.C.: The World Bank, 2008, Annex 1.
Rodriguez Pardina, Martin, Richard Schlirf Rapti, and Eric Groom
Reviews ratios to analyze liquidity, activity, capital structure, and profitability.
Key Words
Ratio Analysis, Liquidity, Capital Structure, Profit