ملخص: Managerial finance has been described as that mix of science and art through which firms make the important decisions of what to invest in, how to finance, and how to combine the two, in order to maximise some apprpriate objectives. To achieve these phases the financial manager needs a sound system that can help him in his financial investment decision. In the capitalist economies financial feasibility tests are the main investment decision criteria to be used in the evaluation of most proposals. That is mainly because most of the country's capital is in the hands of the private sectors and individuals who in general seek to maximize their individual wealth. Nowadays, public sector is seen to be integrating in all economies, capitalists or socialists, and more heavily in the developing countries. The objective of this sector is not only to maximize profit but most importantly to maximize the welfare of the community as a whole. Therefore the financial feasibility tests are no longer suitable to appraise different projects. Cost-benefit analysis which requires the identification of all the effects on the ware of all members of the society is considered to be the more appropriate one. However, in Algeria, a North African country, which follows an economic system directed towards socialism, use a set of development programs to exploit its natural resources. And the various investment within the programs are chosen in such a way to be coherent with both political and social welfare of the community

طبعة: Wales: University of Wales
لغة: إنجليزية
الوصف المادي: 64 p. ill. ;30 cm
الشهادة: Magister
مؤسسة مناقشة الرسالة: Institut of Science and Technology

ملاحظة: Bibliogr.pp.61-64