Wednesday, November 14, 2007
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SME Northern Lights Chapter 370 proudly presents . . . .
University of Alberta - School of Business talk on
Project Evaluation
Presented by Vikas Mehrotra
(www.business.ualberta.ca)
Project evaluation is the central task facing a finance manager in any company. At its most basic, project evaluation involves putting together a portfolio of assets that eventually becomes indistinguishable from the firm. Dr. Mehrotra will discuss key concepts in project evaluation, highlighting first the primacy of shareholder wealth maximization as a guiding principle in evaluating projects. Criteria for project evaluation, and indeed any capital investment, must therefore conform to this principle. The concept of market efficiency will also be discussed since it forms a crucial underlying assumption behind the use of modern project evaluation techniques. These techniques include Net Present Value, IRR, Accounting Return on Investment, etc – Dr. Mehrotra will explain these both from a formulaic as well as intuitive perspective, in particular explaining the consistency of some of these approaches with the shareholders’ wealth maximization criterion. Relevant assumptions, rules, and caveats will be noted.
About the School of Business:
The School of Business at the University of Alberta offers programs at the undergraduate (B.Com.), as well as graduate (MBA, EMBA, PhD) levels. The main departments within the School of Business are Finance, Marketing, Organization Theory and Strategy, Business Economics, and Accounting. At the MBA level, students can specialize in Natural Resources and Energy, International Business, Technology Commercialization and Sports Management. Dr. Mehrotra will discuss these specializations and the several departments within the School of Business during the talk.
About Our Speaker:
Dr. Vikas Mehrotra is the A. F. (Chip) Collins Chair in Finance at the School of Business – University of Alberta. Dr. Mehrotra has a Ph.D. from the University of Oregon, MBA from Rollins College, Florida, and a B.Tech. in Chemical Engineering from the Indian Institute of Technology, India.
From July through December 2005, Professor Mehrotra was a visiting professor at the Institute for Economic Research at Hitotsubashi University in Tokyo, and from July-2001 through June-2002, he was a visiting professor of Finance at the Kenan-Flagler Business School at the University of North Carolina.
Dr. Mehrotra’s work deals with corporate restructuring, mergers and acquisitions, capital structure, and financial markets, and has been published in leading finance journals such as the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. Dr. Mehrotra was a principal investigator in two studies commissioned by the Wise Persons Committee on Canadian Securities Regulation reform, has consulted for both provincial organizations and private firms in Alberta, and has served as an adviser to the Alberta Energy and Utility Board.
He as also received the following teaching awards: Donald & Margaret MacKenzie Teaching Award, Faculty of Business, UofA 1997-98 and the MBA Association Best Teacher, Faculty of Business, UofA 1994-95.
| Date |
Wednesday, November 14th, 2007 |
| Location |
U of A Faculty Club
11435 Saskatchewan Drive |
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| Time |
Social Hour: 5:30 – 6:30 pm
Dinner: 6:30 – 7:30 pm
Presentation: 7:30
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| Costs |
Members: $20.00 Guests: $25.00
Student Members: $10.00 Student Guests: $15.00 |
Please RSVP by Tuesday November 13th.
(RSVP Online for our event at http://maillists.bijouenhancements.com/sme/) or leave a message with the SME voice mail at 780-619-0647.
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