search query: @indexterm ASSET VALUATION / total: 357
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| Author: | Ekern, S. Theil, M. |
| Title: | Eine Analyse der Zusammenhänge zwischen Umfang und Duration von Investitionen. |
| Journal: | Journal für Betriebswirtschaft
1998 : VOL. 48:5-6, p. 277-289 |
| Index terms: | INVESTMENTS ASSET VALUATION RATE OF RETURN SENSITIVITY ANALYSIS |
| Language: | ger |
| Abstract: | An Analysis of Relations between Scale and Duration of Investments. For real and financial investments, respectively, scale and duration reflect important properties which are also essential elements in sensitivity analysis. The current work demonstrates the interrelations between the scale and duration concepts and shows that both analytical approaches to sensitivity analyses are equivalent. The scale of an investment is the product of duration and, respectively, market price for financial investments and gross present value for real investments. The scale based sensitivity of the internal rate of return with respect to cash flow changes and the duration based market sensitivity with respect to yield changes are almost inverse mirror images. |
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