%0 Journal Article %T Risk Analysis of the E-Business Projects: A Financial Perspective %A Yun-Yao Cheng %A JrJung Lyu %J International Journal of Electronic Business Management %D 2003 %I %X Investments in e-business projects are necessary for organization to remain competitive in nowadays. Since the capital resources of a business are limited, it is necessary to allocate the resources in an optimized way in order to maximize the shareholders equity. However, in the implementation of an e-business project, there are always financial risks due to its complicated nature. It is therefore necessary to perform risk assessment whenever an organization is moving toward e-business. The aim of this paper is to propose a risk analysis procedures for e-business projects. The procedure integrates capital asset pricing theory with the net present value method as financial measures. The proposed risk analysis approach applies to a real project for illustration. The proposed approach is useful for the practitioners to investigate and manage the risks on e-business implementation projects. %K e-Business Project %K Financial Benefits %K Risk Analysis %K Investment Appraisal %U http://140.114.54.215/IJEBM/IJEBM_static/Paper-V1_N1/05.pdf