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| Author: | Osborne, M. J. |
| Title: | Financial chaos. |
| Journal: | Management Accounting (London)
1990 : NOV, VOL. 68:10, p. 32-33 |
| Index terms: | RATE OF RETURN CASH FLOW |
| Language: | eng |
| Abstract: | Assessment of the shortcomings in applying the internal rate of return (IRR) in investment analysis. Four components of an IRR calculation and its drawbacks. Ambiguity. Cashflow and value. Hypothesis. Accuracy. Behaviour. Phenomenon called `chaos theory'. Three Tables illustrate the study. |
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